The Young Farmer: Some Things He Should KnowHunt, Thomas Forsyth
Science
The Young Farmer: Some Things He Should Know
Hunt, Thomas Forsyth
Agriculture
In both case A and case B it is assumed that the greatest net profit
per acre is to be obtained with 160 acres, and that the net profit per
acre when the farm is of that size is $5. In case A it is assumed that
the net profit would decrease $1 for each 80 acres added, while in
case B the decrease is assumed to be only one-half as rapid. In the
first instance the net profit per farm increases until 280 acres are
reached, when the net profit per farm decreases, until at 560 acres no
profit would be obtained. In case B the net profit per farm increases
until 480 acres are reached. Everyone is cautioned not to accept these
figures as representing what would actually happen. All that can be
said is that as the farm unit increases in size there will come a
point at which the net profit per acre will decrease because of the
physical difficulty of managing a large area, and, therefore, there is
a limit to the size of a single farm. Fifteen thousand acres may lay
in one tract and be owned by one individual, firm or corporation, but
its economic management requires for purely physical reasons, not to
mention others, that it be managed in several units more or less
distinct from one another. Just what the size of this unit will be no
one knows and it will vary with the type of farming, the type of
farmer and many other circumstances. For example, a very common unit
for a tenant cotton farm is between 20 and 50 acres, both the product
and the farmer being a limiting factor.
Perhaps the most important lesson to be learned from a study of this
table is that it is wise for some men to operate a farm of 320 acres,
others of 160 acres and still others of 80 acres, because each size of
farm presents a task suited to different abilities. It would be as
futile for one fitted to operate only an 80-acre farm to attempt to
manage 320 acres as it would be unwise for the man capable of conducting
320 acres to confine his attention to 80 acres. Unfortunately while this
principle is not difficult to perceive and is easily stated, it is
practically impossible to make any application of it to an individual
case. Only time and the inexorable laws of competition will adjust men
to their several tasks.
It will be of interest to note what influence in actual practice the
type of farming has upon the size of the farm. The census reports the
average size of all farms in the United States as 147 acres, with the
different types as follows: Vegetables, 65 acres; fruits, 75 acres;
dairy products, 120 acres; hay and grain, 159 acres; and live stock,
227 acres. Speaking in a very general way, only about one-half the
land on these farms is in cultivated crops, while only 40% of the
income may be from the products which cause the farm to be thus
classified. The young farmer will do well to have these figures in
mind when he starts out in life, for while they are not to be followed
literally, they give him a measuring stick with which to compare his
operations.
Public-domain text, read in full here on John Shaqi.
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