Agricultural Economics Department
Estimated Returns, Spring Wheat, Feed Grain, Corn, Livestock, Beef Cattle, Hogs, Dairy, Agricultural Economics
The relatively low prices farmers receive for their products, and the continued high costs of interest, taxes, and the products farmers buy, increase the need of study of factors which tend to give the best possible net returns from a farm business. The purpose of this circular is to discuss the relative profitableness of different enterprises on diversified farms in the Spring Wheat Area of South Dakota. The plan of the circular is to show the organization and to give the estimated returns of four farms, on each of which the enterprises are of different relative importance. Three of the farms are assumed to be 800 acres in area. The fourth farm is assumed to be 800 acres in area but the size of business is increased by placing cattle out on pasture during the summer, a practice common to the area. Each of the hypothetical farms is very similar to someone actual farm from which records were secured. These similarities include acres of crops, numbers of livestock, amounts of power and equipment used, labor used, receipts and expenses, and income. The farms selected as patterns are common types within the area.
South Dakota State State College of Agriculture and Mechanic Arts, Agricultural Experiment Station
Hampson, C. M. and Christophersen, P., "Estimated Returns from Operating 800 acres in the Spring Wheat Area Under Four Different Plans - A Method of Determining What to Produce" (1934). Agricultural Experiment Station Circulars. 20.