The Young Farmer: Some Things He Should Know

uss some less common arrangements by which may be bridged that period between the time the son is ready to go into the business and the time he may

ligation which is involved in paying for the interest of the other heirs. Connected with this problem is the further fact that the fa

tained by taking the difference between his present age and 90 and dividing the remainder by two. Thus, a young man who is 20 may reasonably expec

e expectation of 20 more years of life and cannot turn over the farm to his son, completely, without destroying his own opportunity for earning a livelihood. As thing

t is more important, that the boy has grown into a man. One day a teacher called

farm of 144 acres on which he lives, without cash payment, assuming a debt of $7,000. At the end of ten years he owned his farm and equipment valued at $20,000. He has

nted from his father. At the age of 25 his gross receipts from this farm were a little over $4,000. After paying rent, living, keeping a family of

dents to them for positions as field assistants. If you desire to have me do so, I would be glad

aid Mr. Manning, my father is in poor

arge of the farm and manage it so th

ntinue to manage the farm.

your father ex

dollars

ut he merely said, This is a case of filial duty which you m

rse, impossible to determine the merits of an individual case, but this incident repres

he is capable and to which he is justly entitled. And, second, and more important, he sa

some problem, or problems, and through them develop his own personality. There is no place where more intricate and satisfying problems may be found than in the development of a successful farming enterprise. In the instance cited, the father may have bee

as to retain a place for himself while giving to his sons that o

had a son in college who was just completing th

for my son in a cheese factory during

ghter. I would like to have my sons about me, but there is no place for them on my farm because I am there and canno

situation as clearly as yo

my own farm and my son will make into cheese the milk of my own herd, and also from the herds of our neighbors. By the time he has completed his work with you, my younger son will have finished the high school. He has some likin

writer, but the rest of the program was carrie

of his farm. He, therefore, established one of these sons in the commission business in Philadelphia, thus, at least, keeping the profits on the sale of the products of his orchard in the family. He also needed cold storage for his fruit. The other

method of managing the farm or to enlarge or, perhaps, specialize its activities. This may be accomplished on a simple partnership basis, or it may be in some such line as outlined in the illustrations which have been given. In other occupations such co-operative effort is the

ion. The following incident may illustrate and emphasize the problem better than abstract discussion: One day a man walked into an office and stat

re to buy land in any

uy land near --. He has some sentiment ab

on sentiment is dangerous, especially when the

ted was recognized to be one of the m

one neighborhood, continued the adviser, you will pre

ired the

uy would have doubled or perhaps trebled the price asked for their holdings. It is one thing to earn in

urnishes a home as well as a business. When you buy up all these farms and convert them into a single enterprise you will destroy their home value

hy such an enterprise would fail, whic

of the money is entitled to, while if the business returns more than that amount, it will be due to my management. I, and those associated with me, are entitled to all that is made above five per cent. By retaining the common stock the surplus income will come to us. Neither will I destroy the home value, becau

ogether with what preferred stock he is entitled or the father may desire him to have. The common stock would provide the means by which the income from the farm, which was due to the sons skill and management, might go to him. As time went on the son could acquire additional preferred stock from the father or other heirs, or he could invest his earnings elsewhere, as might seem most expedient. On the death of the parents, the

single enterprise may have a continuous existence. A corporation never dies, but a