Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1921-12-14
THRIFTY FARMERS
TAKE inventory

which way he is going financially. 10
DRIFT along year after year moi know
ing whether he is going toward sue
success or failure is not the practice Of
successful business men, and it should
not be the practice of the farmers.
To gauge progress by an increase
in casl, i'll hand, or to measure loss
by additional debts incurred without
taking into account decreases or i'll
creases in the value Of all property
owned, otter leads t. false conclu-
sions The storekecpcr is well aware
OF this, and his annual "stocktaking
is nothing more or less than the max
.ng OF an inventory or list OF property.
without. which he lacks accurate in
formation concerning his profits and
losses Inventories are not difficult to
make, and the United States Depart
mcnt OF Agriculture has found that
they are OF great value to any farmer
who is striving to better his condi-
ton. They overcome obstacles and
place his business affairs on a secure
basis.
Make Inventory When Convenient
There is no best time Of the year to
make an inventory for everybody and
lnder all circumstances. Each one
must decide for himself the date most
convenient, however the most impor-
ant consideration is to select time
of the year before the seasons work
n the field begins. 1t will save es-
tiinating large quantities OF farm pro-
luce on hand if the inventory is taken
rs late i'll the spring as possible be
lore field work begins.
Although any day will do. it is gen
orally found best to select the first
day OF some month, and fairly good
guide III any section will DC upon the
late which tenants customarily change
farms The best inventory date may
vary from January in the cotton
belt, to April in New England and
other northern states, and lor special
farms special dates are often required
II no list OF the farm property has
ever been made, it is we'll 10 start
preparations by going over the farm
field by field, and building by build
ing. taking each item as it is found
In this way nothing is missed. The
listing can be done III any mcmoran-
dunn or on loose sheets OF paper
Two persons can do this better than
one, especially in barns, tool houses
and places where many articles are
found. One person can search out
the various pieces OF property. call
ing each item in turn to be set down
on the list by the other The classify
ing and appraising can be done at
the same time, il desired, by listing
the items coming under each class of
property OH separate sheets OF paper
but for the most part they can be best
tpiiN Nitiiii' bo'pl do tiiN itN'iIN 81 I w
ing copied into the property book, if
one is used
MI property owncd comes under
the head OF resources or assets These
may be sub-divided into physical or
tangible property. and finanCial, or IN
tangible The value OF the physical
property must be estimated and APP
praised. The financial property has
face value, which under any conditions
ordinarily met with on farm needs
no appraisal The physical property
may be grouped under the following
heads Land, buildings. Other pcrma-
nent Improvements, work stock cattle.
swine, sheep, poultry, machinery and
tools, farm produce, farm supplies,
growing crops The financial items in
clude cash on hand. cash in bank.
accounts receivable and notes rccciv-
able BY receivable is meant owing to
the farm.