Klamath River Modeling Project

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...out of the business or he would die in debt, for he had no means the way he was doing to pay his debts. Just another word about the profits. Upon my farm I calculate those cows are worth $50 a head. The interest on that would be $3.00 at 6%; I feed them $40 worth of feed a year; once in a while I lose a cow and I must figure something for risk and deterioration, I figure that at $5; then my cows before they pay me any profit at all must pay me $48 in milk a year. Our milk has brought about one cent a pound and that means a cow must give 4,800 lbs. of milk on my farm before she begins to pay a profit. How much more milk should she give me to pay (i% interest? I do not believe a man ought to be satisfied with less than Ci% profit. Is this dairying going to enable me to turn my feed so as to make 6%? I am not asking another (i%, profit on the cost of the cow. but is this business of dairying going to return me profit on that $40? How much more milk must I get to get 6% interest? If, after my cows have paid for the cost of keeping them, just paid that, if I can get them for three hundred days (and I want them to milk three hundred out of the three hundred and sixty-five days), if I can get them to give a half pound more at a milking than enough to pay their board, that will pay me (i%.; if I can get them to give me one pound more milk that will pay V'2% on the investment, if IVa lbs. that will make me 18%. and two pounds will make me '2-1%. It does not require very much to make (!% profit after a cow has paid for her board, only a little more to double the profit, --and it means something to double profits in our business because by so doubling we are making a year of our lives of as much value as two years had been before we commenced..