Eastern Utah advocate. [volume] (Price, Utah) 1895-1915, 1914-04-30
BENEFIT
FROM BOOKKEEPING
Paper Read By w. l.. Peterson of G. c..
H. S. Before the Farmers Roundup at
Price Last Week----Cost System Indis-
pensible to Secure Accurate Results.

ohu Petrv"ai
expense.
Fourth Distribution Of farm re-
ceipte and expense.
Fifth-The farmers labor In
come.
These are the main things you
ought TO know. With a clear UNI
derstanding Of them you viii see
new light IN farming. You will see
farming AZ business business
that needs businees methods iust a.
much ne the mercantile buainess.
banking or any other enterprise.
suggest that you all write to
the department OF agriculture at
Washington. d. G.. aud ~ Farm
ers' Bulletin No. Sill on Farm Book
keeping." also another one just re
Gently out. Farm Cost Accounting.
Bulletin No. b72." They are writ
ten in simple language and will
help you to seo the business side OF
farming.
The problem Of the farmer IA to
meet conditions on his own farm IN
a way that win give him the great
cst net returns for his labor and
the use OF his capital. lie should
receive Interest on his capital NJ
well NJ wages for his work. but ow-
Ing to the fact that no accounts ara
usually kept. but few farmers' know
what wages they rcceive believe
that a majority OF our farmers to
day are living on the Interest OF
their Investment rather than on the
profit OF thoir farms.
Tho high school commercial do
partmcnt should cooperate With the
farmer. In tho winter. when tho
farmer hasn't ~ much 20 do. ne
should come 20 tho high school IN
the evening or IA The day time and
therc work out hia problems In the
business side OF farming Then the
commercial department could help
him ST out complete financial
statement showing his resources and
liabilities. also complete ioss and
gain statement. with hcse state
ments allowing his actual financial
condition any farmer would be able
60 plan hla business much more an
teiiieontiy. He could plan 20 go
deeper into che lines that were pay
ing bcst and 90 do less with the
limos that were not paying 10 well.
And In the summer whom Tho
commercial department h not 80
busy. the instructor. provided he
has a knowledge OF practical farm
Ing. could 20 out 20 che farms and
hoip the farmer solve his business
problems. and the farmor's prob
loms with his accounts. With the
very high percentage. about 20 per
cent OF all the students IN tho Car
bon county hlgh school taking
courses IN the commercial depart
mcnt and the probability that the
registration In these courses will IN
ereaac ne a has In tho past until
practically every student h takine
some business work. believe that
We may look for business methoda
TO take an important place IN the
agriculture Of Eastern Utah within
tho next few years
Now In conclusion. want TO say
that l have been conservative In
The statements made IN this paper
for the reason that did not care
TO state anything Of theoretioal
nature have connnod my points
TO what actually know OF the sub
jeot as ! have learned Il az "A far
mer. This leads me 10 one other
point. and that concerns the kind OF
farm bookkeeping sets that are on
the market Most of them are made
out by city bookkoopem who have
mover seen farm and do not com
prehend the problems that the far
NOR meets IN has bookkeeping BE
sure that your booss are simple.
Otherwise you viii probably give up
the Job before you have gone very
far.