Democratic Sentinel, Volume 2, Number 25, Rensselaer, Jasper County, 2 August 1878 — Profit is Wheat. [ARTICLE]

Profit is Wheat.

Mr. J. P. Thompson, Secretary of the Michigan State Agricultural Society, writes to the Country Gentleman : “The profit on wheat is relative. If a farmer can sell his wheat early at a fair price, and thereby save interest, save hazard, save waste, he can make money by selling rather than holding. If he can sell wheat even at a cheap price and bny lumber, nails, labor and building materials at a cheap price, he can make money by selling rather than by holding. All farmers want capital. If a farmer can sell his wheat even at a low price, and take that money and put it into more wheat, into cultivation and fertilization of land, into labor on more land, then he perhaps does better than to hold his wheat. He keeps his money busy. He keeps his capital employed. If a man sells wheat at a low price and buys land at a low price, which is sure to double in value, then he has not lost money by selling his wheat. Idle capital at the present day is winning no laurels. Idle wheat in the granary is dead capital. The farmer does* not want any dead capital about. The man who keeps his capital turning, even at a small margin, is the man who is making any money. The day of large profits is not now. The men who have been waiting for large profits in wheat are the men who have lost money. The men who are making money in farming are the meh who turn their capital often, who employ labor, who make improvements, who put money into crops and stock judiciously, and who do business satisfied with small profits. * Without big words some people would find it impossible to say small things,