s than $0.18 per acre. Other operations cost similarly less, but
in all cases wear and depreciation of plant and interest on capital
invested in plant should be allowed for.

These figures, however, concern cases where labour is employed. The
following figures show the outlay where a man is doing the work himself.
He could plough, cultivate, and sow 250 acres, which would take him
twenty-two weeks. The first year he has to purchase his seed wheat and
feed for his horses:--

190 bushels seed wheat at $0.80 per bushel $153.60

10 tons chaff at $19.20 per ton 192.00
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$345.60

Approximately $1.38 per acre.

At harvest time he would first reap portion of his crop to secure a
supply of horse feed for the following year, say, 10 acres:--

Reaping and haymaking, 2 men's wages for
three days at $1.92, food $0.48 per day $14.40

Twine (for binding the sheaves) 6.00

Harvesting the wheat crop: One man's wages
$1.92, food $0.48 per day for forty days 96.00

One hundred dozen bags at $1.68 per dozen 168.00

Horsefeed, 5 tons chaff at $19.20 per ton 96.00

Cartage, 1000 bags wheat at $0.18 per bag 180.00
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$560.40

This is reckoning the crop as averaging 15 bushels per acre, when the
returns would be:--

15 tons of chaff (a low estimate) at $19.20
per ton $288.00

1200 bags of wheat, 3600 bushels at $0.80 per
bushel 2880.00
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$3168.00

Less expenditure ($345.60, $560.40) 906.00
--------
Balance $2262.00

To be thoroughly correct we should allow for:--

Interest on plant, costing, say, $1920.00 at
5 per cent. $96.00

Depreciation of plant, 10 per cent. 192.00

Rent on 250 acres at $1.20 per acre 300.00
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