The landlord opens the debate by naming the rent which he requires for the farm. The question for the tenant becomes, Can the farm afford such a rent? Here, obviously, the productive power of the soil will present itself as the first and most momentous subject of inquiry. It is a productive machine that the farmer is seeking to hire. The strength of that machine, its capacity to turn out much and good work, is the great point to ascertain. The quality of the soil itself is clearly a most important element of the problem; but it is far from being the only force which constitutes the productive power of a farm. What the climate is at the particular locality is a consideration of great weight. Good land in a rainy district will yield an inferior rent to land of the same quality under a more genial sun and a drier atmosphere. Then the water connected with the farm will come under examination. Will it be capable of creating water-meadows, which have such a lifting power for rent in many parts of England? The fertility, too, of the several fields of the farm will differ. The intelligent tenant will feel himself called upon to estimate what amount of crop, what quantity of food for cattle, with his skill and capital, he may reasonably expect to produce. This is the basis of the whole computation--the quantity and quality of the produce that he can fairly reckon on obtaining. And he will not be governed solely by the then existing state of the land. If he is an able agriculturist, he will form a shrewd guess of what he will be able to make it yield by proper treatment. And it is very probable that he will prefer to pay a high rent for good land rather than a lower rent for inferior soil, because he may feel a well-founded confidence in his own resources to work up the greater power of a strong, if even obstinate, farm to larger results.