Collections: 
0-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

6 > Image 6 of Kentucky farm and home science, vol. 6 No. 1 winter 1960

Part of Kentucky Agricultural Experiment Station

W here Does the yl Current operating expenses are W V l(I1tl1Cky II 3III1IS tho Iorgoot itom of form production J I ll G 9 outlay here and nationally to ` D0 ar 0 . at ij)- liy ROBERT W. RUDI) and 1). MILTON SHUFFETT to family labor, management, and the land and ' l)('|TiIl'llII('lIl of Agrieiilturnl Eennoniies Capital Plant Of flulHiHg_ 5/ The decade of the 195(Ys saw agriculture`s gross Product-ion Ex gnggs Com med with G.-oss |.-Nome lVll(j()Ill( I`(Il]1llIl lll)()llt StCZ1(ly \Vllll(* S()2`lI`lllg costs to The Proportion Oi. the gross iucolnc used {01. Opl.ut_ l'2ll`lllC]'S l)I()lll.llt glll'2llly lOVVl' lltft lllC()lT1S. K&IlV ing expense is ggnerauy lower {O1. K1]tllCky fal.In1.S _ Q tucky l'1l.l'lTl(l`S shared lll this decline with the rest of than the lmtimml average} mggcting the USC, of mow ti tll($ ll2ltl()llS i1ll`lT1CI'S. Tll lllCI`CZ1Slllg tOtk1l C()StVSltll2i hunny labor in Spgcialty Crops tobacco Ou Km} "_ [101] lTI`()lIl.[lll' (Jll2lllgCS lll V2l.l'l()llS C2l.tCg()1'1S of l'EI1`lll tucky farn-ISV Fixed GXPGHSCS also HVGI-REE 10\Vl~ as 21 V V oottt if"` K*`t"CkY t=ttmot>= flurmti the lust I0 Years- proportion of gross income for Kentucky farmers Tv l?ul'm(*l'S` pl`()(ll1Clil()Il XpHSGS lull ll] t\VO classes: than for the patio;] mainly because of the lgwgy llX((l (Xl)(llS(S 2lTl(l Clll'I`Cllt()p(l'1ltll1g CXPCITSGS. (japltill lIlVStllllltS lll K1ltLlCl(y 11g1'lCllltll1`. TOtzll (Xp(IlS(S 1ll'( tll()S( C()StS \VlllCl`l HFC lI1CllI`l`(l I`g2`l1`(llSS P1'0(lllClZl()Il QXPCDSGS in K11tllCl(} 11&lV ZlV(i1'21g(l t1l)OUl wa`? ()i tll( lCV(l (Tl: p1`()(lllCtl()ll, \VllllC Clll'I`I1t Op1`2l.tlllg pI`Clll[ of tl'1 gI`OSS THCOITIG tllilll {OY tl`1 *; lXl)(IlS(S Vtll`y \Vltll {lll? lCV(l ()l' Pl'()(lllCtl()Il. 1tl11S ll2l.tl()l1. BOtl1 KIltllCl(yil.ll(ltl1(;112ItlOTlS l"L`l1`l1lll1g Sl1()\V l like taxes, depreciation, and interest on farm mortgage about the same effects of the last decades climbing _ debt are viewed as fixed expenses, while outlays for prices of items used in farming as well as the larger - hired labor, feed, or fertilizer and the like are con- amounts of ofl?farm purchases of production items Sl(l(I'((l IIS ()I)(l'2ltll1g CXPGITSGS. \Vl1l1lZCV1' I'ClTl2Ill1S of FlX(l Hl1(l Cll1`1`l1tX]_)l]SS (521011 lZ2ll((i 2l.l)()lll Ll _ ~ gross income after covering fixed and operatin t ex- 6 Jercent more ofthe tross toda than at the betin- ,- ' Y f penses, then, IS net 1nco1ne and includes the returns ning ofthe 1950,s. "` V OPERATING EXPENSES AS PERCENTAGE OF GROSS FARM INCOME KENTUCKY AND UNITED STATES, 1949-58* S0!/N6`! L/SDI {INS] ;};. KENTUCKY UNITED STATES . 80 ** A TDTA1. v l W' 6 0 tttti &v . \ _ _ .rJ&{'" Fig. 1.- These graphs 4 O \ " ll" sx ~:~~ >::~:$ :::%. I g I _ V. _ _g;- Q`, {::M :,% . . . . [ . . ; ,, . ~\ -\ . ..'..'.*....\. . \\~`--\\(> V :`*:**V:% J5 J l)(YU[lc 0 QIUS5 __ _j.;(__.j\q.Aq,._.;.;.;.;.j.;..;.;..;.;.;.;.q~; >.*-Z~>\_Q_{;j;g;$ Z ::::::::'::: . . ` ` g\"<2`>. -R5-e.<,;~..*g, Z?2?2$2;32 [Mm mmme In K x . \ :,C_:,:,";\:__ ,C_ :_-_-_-_-:f::{Q\::Z-jglfg. <,;,~&,:.V(,\2__,V,S]URRENT OPERATING::: V V V E, w _ .V(v_.;_V`_ _.`.:\.;_.j<.;.;,_x(-`~,;&`2:>::V:_;_:_:`e-,: V_V"`$b_.\:j_;/._._xg>..-. -.-> ----- -....=.=o ...3 .. A.e 1 tr \_;` ...\ . . - .`.. . \\ { [4 38. \\\_g_ _ \\ . . ug`) __-ey;-_-1 :::::b ,,,, Q,_:\:`_-\\:__._~}._._\._.:. ._.1.:...j.._.j..-.... - -_~_-____} y;~__ '~:::.; :: V x\\x Q.\\_ ......... * .... .-.-. j~q~_ .____ _( K g :,:},, ,$,,,:,,, g\\E`;:-Q3;QQ\$Y?fY;$;?;$Z;?;?;Z;:Z;Z;$;i;Z;;2 %gZgZ;EggZ:Z;gZgEEZ:ZZ:: R .. ............. . `- '< '-_fj, O * - -. -== - -= >k =-. .$:23::2:E2:%e$E1:..&:2 _ I949 so 'S1 .52 .53 'sa sS 'S6 'Sv Ss 1949 50 'S1 'sz 'sz 'S4 S5 'ss 'sv '59 YEAR YEAR l EXPENSES DO NOT INCLUDE PAYMENT FOR FAMILV LABOR AND INTEREST ON INVESTED CAPITAL Y `I G K1;x1LC1