INADEQUATE RETURN

Taranaki Daily News, 10 October 1930, Page 12

INADEQUATE RETURN

CAPITAL USED IN FARMING..SMALL PROFIT ON (BUTTERFAT. To demonstrate the contention made Iby Mr. J. E. Makgill, in an address as chairman at the annual meeting of the Auckland Farmers’ Freezing Co., that the reward for labour and capital employed in farming is not receiving anything like the same remuneration as in other industries, the following statement has been compiled by a wellknown. Hamilton resident from the figures!. .given by him. . The figures are based on 2201 b. of butterfat per cow at Is 44d per lb:— . 1 • ■ Receipts.- 1 —66001b. butterfat, at Is 44d, £453! 15s; pigs, at £2 per cow, £6O; milk, <?tc., used by household, £1 per week, £52; total, £565 15 s. < Expenditure.—lnterest on capital £5O; worth of land per cow, at 6} per cent., £97 10s; interest' on capital for stock and plant, at £2O. per cow, at. 64 per cent., £39; working expenses, including unkeep, depreciation, power, topdressing, etc., at £'s per cow, £150; net income for year of 337 days, 10 working hours ,per day, 3370 hours, at Is 8d per hour (approximately £5 7s 6d per week), £27® ss; total, £565 15s. The following calculation is based on 2201 b. butterfat per cow, at Is per lb. Receipts.—66oolb.". butterfat at Is, £330; calves and pigs, at £2 per cow, £6O; milk, etc., used by household, £1 per week, £52; total, £442. , Expenditure.—lnterest on capital, £5O worth of land per cow, at 6£ per cent., £97 10s; interest on capital for stock and plant, at £2O per cow,- at 64 per cent., £3O; working expenses, including upkeep, depreciation, power, topdressing, etc., at £5 per cow, £150; ;■ net income per year of 337 days, 10 working hours per day, 3370 hours, at lid per hour, approximately £3 per week; £155 10s,• total, £442.