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Hampton Negro Conference. Number III. July 1899.

1899VA-State-Hampton_Proceedings (86).pdf

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85

which purchases, with the rent above mentioned, would require the entire crop in settlement.

(The above rations if purchases for Cash could be obtained from the same store for $70 instead of $100 as above shown).

It is claimed by some authorities that by proper and intelligent cultivation the market value of the average crop can be easily doubled. To treat the proposition most conservatively, however, an increase of only 25 percent is counted upon. The income of the average farm the, managed intelligently, with the addition of the cow as contemplated would be ............................ 218.75

Plus credit at Creamery for butter fate (annual yield of milk being estimated at 3,000 lbs.) ................ 18.00

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Total value of product ................ $236.75

Deduct

Amount due the Association every year under lease ................................ $116.60

Yearly dues ................................ 10.00 Contingent Fund .......................... 5.00

Purchases of equal amount of goods at Association store at cash prices (not including fertilizer which is provided by Association .......................... 58 00

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$189.60

Showing as annual net earnings due to the farmer in cash $47.15

To this amount might be added the following items likely to accrue to his benefit in the respective department:—

dividend from Co-operative Store, say .... $3.

" " Creamery .................... 2.

" " Mill and Cotton Gin .......... 8.

" " Warehouse (being increased price obtained from product) .............. 21. 34.00

Saving in cost of meal (by raising sufficient corn for all his needs) .................................... 15.00

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Total surplus earnings of farmer, due to him in cash after the payment of all amounts due the Association $96.15

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