. Department bulletin. Agriculture; Agriculture. 8 1144. V. S. 1>KI'AHT.\1KNT K 'ULTUKE. farmer feels that he ought to get through his cows as much as he would receive by selling his grain and hay. One trouble with using market prices for feeds is that the home- grown feeds are not put to the test of sale agreement between in- terested parties as to grade. Much of the feed used for livestock is not marketable, or if marketable would be docked in price. Hay, however, has a relatively high market price because so much of It is fed out at home that the surplus is seldom more t


. Department bulletin. Agriculture; Agriculture. 8 1144. V. S. 1>KI'AHT.\1KNT K 'ULTUKE. farmer feels that he ought to get through his cows as much as he would receive by selling his grain and hay. One trouble with using market prices for feeds is that the home- grown feeds are not put to the test of sale agreement between in- terested parties as to grade. Much of the feed used for livestock is not marketable, or if marketable would be docked in price. Hay, however, has a relatively high market price because so much of It is fed out at home that the surplus is seldom more than enough to meet the demand of deficit areas. Then, too, the memory of high prices received persists, and it is common to assume that all the available supply might have been sold at those prices if it had not been fed. which of course is contrary to the experience of the most optimistic speculators. Then there is the expense of getting the feeds to market and the important consideration of maintaining fertility of the land through use of farm Fig. 2.—The higher producing cows usually get a higher proportion of concentrates in their rations than the others. The high producers are economical of labor. Some farmers had to pay, in 1920, as high as $100 a ton for a part of their feed (in bag lots). Most of the purchased grain feci during the year was bought at prices above $60 per ton—even bran nearly touching that figure. Oats and corn would have sold for more than this for a considerable time. Although the price dropped sharply in the fall, and farmers perhaps did not get $60 per ton for their feed through the cows, it is felt that $60 is a reasonable figure to use. Hay is figured at $25 per ton, though some hay was purchased at $30 and ((notations for alfalfa went even higher. It takes a high price to make it worth while for a farmer to sell hay, especially if his farm is heavily stocked. Hay at $25 in the barn will ordinarily show a profit over cost of growing. T


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