Homesteader-farmer who received free land if you live the land for 3 years
Tenant Farmer-(RENTS) resides on and farms land owned by a landlord
Sharecropper-tenant farmer who gives a share of the crops raised to the landlord in lieu of rent .
Directions
Each “FAMILY” has $1500 to cover various expenses on a 160 Acre Farm
-As a “FAMILY,” you will decide the number of acres to plant particular crops and/or which livestock to raise for the first year
***BOTH IN UNITS OF 10 (MULTIPLE TIMES 10)
Ex: 16 Acres of Barley times $2 (add Zero)- $320
7 Cattle times $10 (add Zero)- $700
-At the end of each year, I will present the
Investment return for each crop or livestock
Corn
Barley
RYE
Rye
Tobacco
Cotton
Gus Gus
Whheattt
Dexter
Dolly
Barley
Corn
Cotton
Oats
Rye
Tobacco
Wheat
Cattle
Pigs
Sheep
1872
2
1.5
2
1.5
1.5
2
2
1.5
2
1
Barley
Corn
Cotton
Oats
Rye
Tobacco
Wheat
Cattle
Pigs
Sheep
1873
1
1
2
1.5
2
1.5
1.5
1.5
1.5
1.5
Barley
Corn
Cotton
Oats
Rye
Tobacco
Wheat
Cattle
Pigs
Sheep
1874
1
1.5
2
1
1.5
1
1
1.5
1.5
1
1. You started with $1500 in capital in 1872. After three years, has your capital increased or declined?
2. Provide evidence to the simple claim:
1. Farming is difficult…
2. Given the prevalence (frequency) of growing debt, how does the family survive?
3. How could the farm cut its costs?
4. How could the farm family raise additional income?