farm record keeping, farm business principles, farm record book, agricultural economics department
Agricultural Extension Service, South Dakota State College of Agriculture and Mechanic Arts
How to make his farm return enough profit for a wholesome, worth while living and provide for moderate saving is the problem confronting every farmer to-day. Every farm family wants a comfortable home, schooling for the children, electric lights, running water, and the other comforts of life, but usually these things cannot be had unless the farm is made to pay as a business proposition. Farming is not and never has been a means of getting rich quickly or easily. It is a substantial and necessary occupation offering many advantages. On the other hand, it seldom has paid the farmer an adequate return on his actual farming operations. Many farmers have made reasonable savings as a result of the increase in land values, but constantly rising land values cannot be depended upon for profits indefinitely, and farming should be considered from the same business standpoint as any other industry. In other words, it should pay a reasonable return upon the capital and labor used in the actual farming operations.
This item is in the public domain.
Benedict, M. and McCullough, "Farm Record Keeping and Application of Business Principles to Farming" (1922). SDSU Extension Circulars. 39.