The Argentine in the Twentieth CenturyMartínez, Alberto B.
History
The Argentine in the Twentieth Century
Martínez, Alberto B.
Argentina -- Commerce; Argentina -- Economic conditions; Finance -- Argentina
According to calculations furnished by a man of great experience in
matters of colonisation, the capital required by a family of four or
five persons cultivating 250 acres of wheat, including the expense of
installation in the first year, may be estimated as follows:——
£ S. D.
Two Ploughs, sulky type 21 2 0
Two Harrows, threefold 7 18 0
One Roller 4 8 0
One Husker or winnowing machine 39 12 0
Twenty Oxen 88 0 0
Two Horses 8 16 0
Two Carts 35 4 0
Harness, chains, implements, etc. 8 16 0
House, corral, well, fencing 105 12 0
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£319 8 0
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The family or the colonist who does not possess such capital will find
rich proprietors or colonists who will furnish him with implements,
draught animals, and seed corn, as well as the necessaries of life. The
harvest over, the seed corn is reserved for the next sowing; the expenses
of the harvest are deducted, and the net profit is halved, one half going
to the proprietor, and one to the colonist. It is thus that the majority
of immigrants begin to earn the capital which enables them to become
proprietors.
For bachelor immigrants there is another method, which gives excellent
results: they place themselves with colonists who possess some capital
as “interested servants,” or profit-sharing labourers, lending their
services from the ploughing to the harvest of wheat and linseed. They
receive for their services food, board, and 6 or 7 per cent. of the
gross profit of 100 hectares. They put the sums received during three or
four years out at interest, and have then sufficient money to buy the
necessary implements and to become tenant farmers. Three or four years
later they buy land on the instalment system, and finally become large
land-owners; one may count by the hundred those who have followed this
course, have become the proprietors of wide tracts of land, and have
to-day made large fortunes.
As soon as he is a land-owner the colonist or farmer has already an
almost certain future before him, as the net profits he obtains each year
accumulate in geometrical progression, unless some fatality pursues him:
a thing that is of sufficiently rare occurrence. To gain some idea of his
net profits, we turn to the following details, which are drawn from a
competent source:
_Approximate Estimate of the Expenses and the Yield of
247 acres of land sown with Wheat._
Public-domain text, read in full here on John Shaqi.
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