Successful Farming on 160-Acre Farms in Central Indiana. Page: 2
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Farmers' Bulletin 1463
Receipts are the value of all the products sold from the farm, plus
any increased value of livestock due to growth or increase in numbers
and plus the value of any increased quantity of feed at the end of
the year over the beginning of the year.
The farm income is the receipts less the expenses (the expenses
including all costs except any charges for the farmer's own laborI J , j
FIG. 1.-The shaded portion of the map shows the part of Indiana to which the discussion in this bulletin
particularly appliesand for interest on the capital), and represents the combined returns
for the use of the capital and the farmer's labor, exclusive of the family
living furnished by the farm.
The labor income is the farm income less 5 per cent interest on the
capital. It represents the pay the farmer gets for his year's labor,
exclusive of any of the family living furnished by the farm.2
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Robertson, Lynn S. (Lynn Shelby), b. 1890 & Hawthorne, H. W. (Harvey W.), b. 1875. Successful Farming on 160-Acre Farms in Central Indiana., book, August 1925; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc6192/m1/4/: accessed April 25, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.