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

Part of Kentucky Agricultural Experiment Station

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W here Does the yl Current operating expenses are W V l(€I1tl1Cky II 3I°II1€I°’S 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 flu·lHiHg_ 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. Op€l.ut_ l'2ll`lllC]'S l)I‘()lll.§llt g€ll€l'2llly lOVV€l' lltft lllC()lT1€S. K&’Il·V ing expense is ggnerauy lower {O1. K€1]tllCky fal.In€1.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()1'1€S of l'EI1`lll tucky farn-ISV Fixed GXPGHSCS also HVGI-REE 10\V€l~ 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 €Xp€HSGS 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 lIlV€Stlll€lltS lll K€1ltLlCl(y 11g1'lCllltll1`€. TOtzll (‘Xp(‘IlS(‘S 1ll'(‘ tll()S(‘ C()StS \VlllCl`l HFC lI1CllI`l`€(l I`€g2`l1`(ll€SS P1'0(lllClZl()Il QXPCDSGS in K€11tllCl(}’ 11&lV€ ZlV(i1'21g€(l t1l)OUl wa`? ()i· tll(‘ lCV(‘l (Tl: p1`()(lllCtl()ll, \VllllC Clll'I`€I1t Op€1`2l.tlllg p€I`C€lll[ of tl'1€ gI`OSS THCOITIG tllilll {OY tl`1€‘ *; l‘Xl)(‘IlS(’S Vtll`y \Vltll {lll? lCV(‘l ()l' Pl'()(lllCtl()Il. 1t€l11S ll2l.tl()l1. BOtl1 K€IltllCl(yil.ll(ltl1(;‘112ItlOTl’S l"L`l1`l1lll1g Sl1()\V l like taxes, depreciation, and interest on farm mortgage about the same effects of the last decade’s 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. \Vl1l1lZCV€1' I'ClTl2Ill1S of FlX€(l Hl1(l Cll1`1`€l1t€X]_)€l]S€S (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•· · . \ _ _ .¢r¢••J’&{••'•"••• ••• Fig. 1.- These graphs 4 O \ " ll" ·sx ~:··~··~···• ··¤>°:·:¤•~:¤•$•· :¤•·:·:%·. ‘ I ‘ g ‘I ‘ » _ V. · _ ¤_§g—;»- Q`, •°•°••’{•:•:M • •°••°••:•,••% ••• . · . . . [ . . ; ,, . —~\ -\ · . .‘.'.‘.'.*.·.‘.·.\·. ·. ¤\\~·`¤--\·\(> ’•‘•‘•’••• V •’:`*:°•*•°•°•*•••V•’•°:%• J5 J l)(·Y€€U[¤l€§c 0 QIUS5 •• __ _j.;(_·_.j\q.Aq,._.;.;.;.;.j.;.§.;.;.·.;.;.·»;.;—.·q~; >.*-Z~§>\_·Q_·{;j‘;g;€$ °Z• ’•§•:•°€•:•:•:•:•:•°•:°°•:':°:°: . . · ` · ` §·g\"<2§`>. -R5-e.<,;»~.—.*g, °°° °°‘°°‘Z•?2?•2$2;3•2· [Mm mmme In K°“‘ x ·. ·\ :,C_:,:,·";\:_·_ ,C_ :_-_-_-_-:—f—:·:»{·Q\:·:·Z-jglfg. ·<,;,~¤&,:.V(,·\·2__,V,S]URRENT OPERATING•••••:•••••’••:•: V V V · E, w _ ••• .V(v_.;§_V`_ _.`—.:\.;_.j<.;.;,_x(-`~,;&`2:>::V:_;_:_:`·e-,: ’»V_V"»`$b_.\:j»_;/._._·¥xg><§EXpENSES ••:·•••••:•:•••:•:•••:•••• tuck) dllll. [llC Ul)llC(l ¤- — .”‘¤¤o¤¤t~t O*°ER":T'N92·‘—‘-‘¥+?*?&‘ ¥§»`#:¢¤t~:¤·¢;2? ·. .¤•·:&¤:¤:¤·¤:$:¤$:t:¥•¤. s· 1 · 1 · 1 —· 1 I 20 _ Y_\_`_\ ,__.V .......\.. _( ____ _ ¤_ •`• $ , §•••••,•,•‘• ,•• 1[d[€S Ol [TL (€(d(€ MSM ‘\\"·;.\*EXPENSE5`·.‘»·C‘·.*Z·Z·;·Z·`·:·Z·Z-.-Z- '••‘$•‘• • $•°‘•‘•:•'°•‘••°:’:°•’•° »‘·* ». >»»..-. -.-> ----- -.—.».—.»=».·=o • •.•.••.•3•• .•.• A•.•e·•·•·•·•·• 1 tr — \_;`¤ ¤ ...\» . . · ··-· · .`.. . \»»‘\ { • [·••·••••4• 38. \\\_g_· ·_ \\¤ . . ug`) _·_-ey;-_-§·1 •‘:•:•‘:°•‘•••:•:b•• •••••••••,•,••,•,• Q·,_:\‘:·`_-\\:·_¤_._~}._._\._.:. ._.1.:.·.·.j.‘._·.j.·.-.·.·.—.· - -_~_-_·__·_·}· »y;~__ '•~::•’•:•••••.•°•; •••••:•••••••••°•••••: V x\\x Q.\\_ ......... * .... .-.-. j~q~_ ._¤_·_·_ —_( K ••g• •:•,•:•}•,•,•°• •,•$•,••,•,••:•,•,•, g\\E`§;¥:-Q3;QéQ\$Y§£?fY;$;?;$Z;?;?;Z;€:Z;Z;$§;i;Z;·;2 %¢gZgZ;E§·g•gZ:·Z;§g§ZgE§§EZ:Z•°•Z:§: ¤ ¤ ‘ R .‘. ‘.‘.‘.·..·.·.·.·.·.·.·.·. ·.· `- '·< '-_—f·j, •• • •• O * -‘ -.‘ ¥·-== ·‘- ·-=· ·>—·k· =‘-. .$:2•3:·: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·;x’1‘L‘C1