Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-01-12
live stock, etc..........$ 4,653.1rl
Outstanding accounts ..... 1858
Increase in value of inven-
tory fgrain, seed, feed,
etc, on handy .......... 5,417.63

Total ..$1O,6 06.R7
This leaves a balance Of s~1,ses.4s.
which is practically 1870 on the in
ventory, which does not include the
land.
Wages, Rent and Interest.
1t will be noticed in the above
statement that $500 an acre has been
allowed as rent on the land. The
wages of the foreman on the farm
have been $4,000 per month. In other
words. If this farm was owned and
had been operated by the owner as
above, he would have had for his
years work. ~$4,19S.o0, and practical
ly 1919 interest on the inventory in
vestment. ~, =
The only items of expense not in
cluded in this statement are taxes on
the land and insurance On the build
ings. The farm being rented, these
items are paid by the owner. :
Doing Our Bit.
If we are to do our share this year
in the production of food and inn
provement on our farms. we must
plan ahead and profit as much as
possible by previous successes or fail
ures. There is no business in which
there is more Of a chance than in
farming, and it is also true that very
few farmers try very hard to avoid
risks. 1t is too tru that there is no
other business that would stand the
haphazard hit-or- miss methods of
many farmers. There is a need for
just as much business ability in farm
ing as i'll banking or any other bust
ness.
Near the first of each. year all mer-
take stock" or make an inventory o;
everything on hand. I'll certainly must
be good business, OF, concerns would
not practically suspend operations for
several days or a week 20 do this.
When the inventory. OF taking stock,
is completed and the cost Of the busi-
ness for the year, the income, etc.
are taken into consideration with a
comparison of the previous years in
ventory, a very good idea is obtained
as to whether the business was pros
porous or moi.
, Winter Farming Profitable.
On the farm at this time of the
year, when little can be done outside
of taking care of stock, and keeping
up with the current news, is the time
when a good share of next years
farming should be done. That is, the
maj who is able to think over next
years work and plan it in his mind,
and also to a certain extent on paper,
Will De aDle TO go anedd with the
work next year in much better style
than if he had not given it such con-
sheraton. .na =.
t. The first step in this winter farm
ing should be to make a list of all the
property on the farm. and put as
nearly as possible an actual value or
it. If such inventory or list is made
it is a very easy matter to extend il
and keep it up from year to year. II
will be most interesting and instruc.
tive to watch the increase or decrease
of this inventory, and in many cases
it will be a surprise to find hat there
is so much capital represented in the
farm equipment.
4 Farm Built Cp.
The object of our farm operation,
for the past five years has been to fol
low such a system as would put the
land in better shape for crop produc,
ton. With this end in view we have
established a systematic rotation
That is. we have divided the farm
into five fields and each field is plant
ed so that there is a systematic chang.