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The clipping this text was read from
The clipping this text was read from

Next we dug into Analysis of Farm Records, then Analysis of the (Farm Business. Because: no two production years are alike, no two farms are alike nor any two farmers alike there are fallacies in mathematical application of all these theories yet they are the most feasible methods of selecting a sound direction of approach.

Farm Records kept for income tax returns may fulfill this purpose completely satisfactorily yet have too many fallacies to use in developing a basis for reaching business decisions. The decision making processes taught were based on more detailed farm records, research, market prices and costs, trends, etc., etc. This made me more pleased that several Rappahannock farmers are enrolled in Va. Tech Electronic Farm Record Program. Not only did we budget livestock and crop enterprises but also had workshops on Combining Enterprises for Maximum Profit. Finally we went into Farm Machinery Economics, (Investment Pitfalls, Owning vs Custom, Size and Type, Estimating Costs, Fixed and Variable, Effect of Rate of Use on Unit Costs, etc.) Oh yes - and there was another three hour test on how well you could put all these together. By this time I had worn out 2-3 pencils and could hardly add 2 plus 2 correctly. Anyway, 1 feel like I learned a lot, know for sure there is a lot more to be learned and a need for polishing of the knowledge gained.

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