Cost of Producing Milk in Northern Illinois
Cost of Producing Milk in Northern Illinois
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In our eReader you can find the full English version of the book. Read Cost of Producing Milk in Northern Illinois Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Cost of Producing Milk in Northern Illinois
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These charts 1 are constructed on a price-level of 140 (1935-1939 = 100) for the things farmers buy. They can be used to compute the approximate cost of milk when the local price of corn is between 50 cents and $1. 70 a bushel and the cash wage of farm labor is between $30 and $150 a month. All that is necessary is to take a string or a ruler and connect the price of corn (shown on the scale at the left) with the monthly cash wage of farm labor (shown on the scale at the right), and the figure ...where such a line cuts across the center scale will show the approximate cost of producing 100 pounds of milk.
If, for instance, the cows in a herd produce an average of 7, 000 to 7, 500 pounds of milk annually (Fig. 3), and if the local price of shelled corn is $1. 10 a bushel and the monthly cash wages of a hired man are $100 a month, it would cost about $3. 68 to produce a hundred pounds of milk when the price index is at 140.
To adjust to any other price-level it is necessary only to add 2 cents a hundred pounds to the cost, or subtract 2 cents from it, for every 10 points the index is above or below 140.
What to read after Cost of Producing Milk in Northern Illinois?
You can find similar books in the "Read Also" column, or choose other free books by R H Wilcox to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These charts 1 are constructed on a price-level of 140 (1935-1939 = 100) for the things farmers buy. They can be used to compute the approximate cost of milk when the local price of corn is between 50 cents and $1. 70 a bushel and the cash wage of farm labor is between $30 and $150 a month. All that is necessary is to take a string or a ruler and connect the price of corn (shown on the scale at the left) with the monthly cash wage of farm labor (shown on the scale at the right), and the figure ...where such a line cuts across the center scale will show the approximate cost of producing 100 pounds of milk.
If, for instance, the cows in a herd produce an average of 7, 000 to 7, 500 pounds of milk annually (Fig. 3), and if the local price of shelled corn is $1. 10 a bushel and the monthly cash wages of a hired man are $100 a month, it would cost about $3. 68 to produce a hundred pounds of milk when the price index is at 140.
To adjust to any other price-level it is necessary only to add 2 cents a hundred pounds to the cost, or subtract 2 cents from it, for every 10 points the index is above or below 140.
What to read after Cost of Producing Milk in Northern Illinois?
You can find similar books in the "Read Also" column, or choose other free books by R H Wilcox to read onlineMoreLess
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