Farm Management

Cover Farm Management
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It may, therefore, be desirable to include the dwelling in the inventory as well as all other forms of property which the owner possesses, even though they may have no connection with the farm business. If repairs and other expenses connected with the dwelling are charged to the farm an allowance for rental is likewise due if a proper showing is to be made. What has been said regarding the farm dwelling does not apply to tenant houses provided for farm labourers, for they form a part of the reg...ular farm equipment directly used in the conduct of the business.
The chief reason for a distinction between teams and other forms of live stock is that in a general estimate of the business outcome the latter, such as cattle, swine and poultry, may be expected to make good the decrease in value of older animals by the addition and increase in value of young and growing ones. With teams this is seldom true. In estimating probable expenses of management teams naturally fall into the same category with implements, upon 154 FARM MANAGEMENT which both interest and depreciation must be borne.


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