agricultural economics department, farm record keeping, maximizing profit per bushel, maximizing profit per acre, factor affecting farm profits
Agricultural Extension Service, South Dakota State College of Agriculture and Mechanic Arts
Crop yields have a direct bearing upon farm profits. Granting that there are many factors affecting crop yields and crop prices that are beyond the control of the individual farmer, it is still true that those men whose crop yields are somewhat above the average for their localities make the largest profits. This is true in all parts of the country and for all crops as is shown by the following table covering 3130 farms in 12 states. This table shows the average labor income on farms having poor crop yields, medium or average yields and good crop yields. In each farm account book records were kept on these farms from 3 to 7 years and dependable averages secured. Labor income is what the farm operator earns for his labor and skill as manager after paying all expenses and deducting 5 per cent interest on the capital invested in the business.
This item is in the public domain.
McCullough, H., "High Crop Yields and Profits from Farming" (1922). SDSU Extension Circulars. 81.