Gunnison news-champion., 1915-01-29
The 8IFD|I


- ss-i secoisussas ~sssh may ss
nssd ~ q lse srhe nave rss xsrsed sus
. syss~n themselves and nave nss
stsfs<a b .sse they a0u't saox enouen
shsW b.. ksevms. u s also for
tesse wh0 have started keepine sc-
esssas b. 4re aot satisfied xish the re-
ssses. Pan eoas aecosuts canaot he
sxsct. iheg eoatssn N fny estimates
sst ts~i no roassu Shy one should
sSse fss;t them. The ssstsm IN use
" 'srgs pacsIHg companies and whole
sale Groaa1y hosses Involve jast AZ
uaaay estimates and ao not give any
Hsre &C ate results.
Tbs - m described has been tried
for shros gesrs IN the state Of New
fork BY shrse farmers under wide
" dsaereat conditions. n has proved
very saocessfgl II Is SO Simple that
fSrnsr csn keep u without assistance.
1he sS,aEe iength OF time required
seems q 1o about i've minutes day.
To shis mast be added a number of
hours vurs at the end Of the year to
cioss m accounts. No previous know
ledge o. luuk ksepIng is necessary.
A geoi time TO start system of sc-
counts s n the spring before the first
crop pre 8lrsti0ns. However, On an
ordsnsTy tarm any time after the last
crop II harvested IN the fall and spring
rs goo time. The time should be as
late a. possible. IN order that there may
be ss small a quantity ss possible of last
years CROPS on hand to be nventoried.
The date should however. be early
enough to give the farmer sufficient
time O. close his last years accounts,
work out results, plan the next years
b1s'ness and start new accounts before
the spring crop work begins In large
majority Of cases this date will be about
January 1, March or April 1. For a
tenant the date for taking an inventory
will, of course, correspond to the date
Of his lease.
In order to have q complete set of
farm accounts three records are neces-
sary: An inventory ut the beginning
and at the end of the year; an account
Of ali money paid out or received; re-
cord OF all work done by men and horses
during the year.
An inventory on an ordinary farm is
. matter requiring from two to five
hours work at the beginning and at the
end Of the year. The same inventory,
Of course is used for closing ones ac-
counts and starting the next, so that
this work is done only once year
THIS inventory should be a detailed
list with values of the following the
farm sub-divided into buildings with
iand, esch building being listed separ-
ately, with the number of acres of land
and its value per acre, tthe total value
of buildings and land being equal to the
listed value of the fsrm) the horses
listed by name, giving their ages, fol
lowed by other animals listed separately
and giving value per head; machinery,
each item listed separately, except that
small tools may be punched as one item;
Quantities of feed, produce and supplies
on hand; growing crops, value of labor
and materials already spent for next
years crops); cash on hand and in bank !;
and bills receivable. The total of these
should be found and the mortgage and
bills payable, if any. subtrscted from
it. The difference is what the farmer
is worth above debts or his present
net worth.
In estimating values, the market price
at the farm, or the price at the selling
ace, minus the cost of hauling to mar
ket, should always be the standard.
The value put on anything should be
what it is thought can be obtained for
it at n normal sale, and should neither
be over-rated or under-rated. In either
case one is only fooling ones self 1t
Is better to be fair and unprejudiced
and use ones best judgement