Evening Republican, Volume 22, Number 228, Rensselaer, Jasper County, 20 September 1919 — FINANCING THE FARM ON THE BUDGET PLAN [ARTICLE]

FINANCING THE FARM ON THE BUDGET PLAN

War Savings Organisation Give* Tiller of Soil System on Which to liw crease Capital for Future. Farming nowadays justly is recognized as a business and a profession. As a profession it la prepared for a® carefully as any other branch of highly specialized endeavor; as a business it Is conducted according to business methods and ypon a businesslike basis. Old-time "hit or miss" farming methods fail utterly under tbo present economic regime. The first step toward businesslike farm management consists of system-, atizing farm finances. Because farm moneys come in irregularly they have been handled too often in the past without any adequate accounts or record. This, method?rendered impossible by income tax necessities, long has been scorned by the successful, progressive farmer who believes In modern machinery, modern comforts, modern efficiency practices and projects. Such a farmer employs a farm budget just as he employs grain, soil and weather statistics in the arrangement of his farm operations, takes a good farm journal and demands fine and - well-tested seeds; Because not every farmer cares to spend time making out an individual larm budget governmental experts, working through the War Savings Stamps department of the War Loan Organization, Seventh Federal Reserve district, have who cares to employ them farm records, including account sheets, that render the keeping of farm accounts a simple task.

One page of the simple pamphlet containing the indicated records is devoted to receipts. Its opposite to expenditures, each registered every day of the year. Milk, butter, poultry, - eggs, cattle and hogs, sheep, oats, corn, hay, fruit, vegetables and mlscel--1 a neons— -these are the headings umlerz which the irregular or recurrent sources of Income are listed. , Total incoipe for each day_is shownat the right of the page, monthly total, collective and for separate items, at the foot. The expenditures page, similarly arranged, shows headings of: • Savings, including War Savings Stamps purchased, bank deposits, etc.; labor; food, Including groceries and meat; clothing; repairs; blacksmith; machinery; rent, insurance and taxes; live stock and feed; buildings; literature, which includes books, magazines and newspapers; recreation; and miscellaneous. Again, daily totals are shown at the right of the page, monthly totals. Itemized and general, at the foot. Companion pages, similarly arranged, show yearly summaries, almost Instantaneously computed, of receipts and expenditures for the year. War Savings Stamps make Ideal investments for the farmer. Purchasable for sums ranging from $4 and a few odd pennies to SI,OOO, built up by . means' of Thrift Stamps, should tills ' prove more convenient, they are nondepreciable, nonfluctuating, income- ’ of maturity interest. Previous to maturity they may be redeemed, if necessary, at precise face value.