Herbert John Webber

“ In connection with the farm management investigations of the College, some very suggestive evidence has been secured showing the money value of education in farming. In a number of townships all of the farms were visited and accurate data obtained from the farmer showing his income from his own labor. In deriving the farmer's labor income, from the gross receipts there were deducted all expenses, including those for labor other than that of the farmer himself, five per cent, interest on capital invested and a charge for depreciation in apparatus, tools, etc. ”

“ From this table it appears that in every group the men having the highest education made the best use of their capital. From the first table we see that there is an increase of $304 per year in labor income of those men who have attended high schools. ”