Dairy Farm Survey Report On One Hundred And Twenty Four Farms in the Arrow Lake
Dairy Farm Survey Report On One Hundred And Twenty Four Farms in the Arrow Lake
Harold Richard Hare
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98 6 $1, 124. 50 Although the average farmer did not make a good labour income when interest was calculated at the higher rate, Table No. 8 brings out the fact that good labour incomes were a possibility. Returns to the operators of these . Farms were good. They applied thoughtful care in farm management and were rewarded by good income for the labour they expended. A comparison of the average and best labour incomes of Table No. 8 shows that, even on farms of approximately the same size, great... variation in amount of labour income occurred. The best were much above the average. This proves that factors other than size of farm influenced farm profits. The application of good farming methods on all sizes of farms was of greater importance than was the size of the farm. The large farms had less unproductive capital tied up in buildings and machinery (see Table No. 9), and were on this account able to conduct a bigger business with less overhead charges per acre. The fact that the interest charge was higher than could be paid by the average farmer was owing to the high capitalization per acre.
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