Asset of Liability.

Kaipara and Waitemata Echo, 21 August 1914, Page 7

Asset of Liability.

The grain crop is a liability—the cattle crop an asset. It may seen* a little severe, but an analysis of the two still bear out the statement. Grain fanning reduces the humus ii\ the soil. Stock raising increases it. Grain farming spoils the mechanical condition of the soil stock-raising improves it. Grain raising fosters weeds, plant disease, and insects—and stock raising decreases them. Grain raising results in decreased yields. Stock raising increases them. Stock raising develops thrift—pay as you go. Grair. raising brings the mortgage. Stock raising pays it off. The labour for grain raising is expensive—that for stock raising is cheaper in that it is engaged by the year. Grain raising is dependent on the season —often resulting- in failure. Stock raising is more independent of the season. Grain raising is a soil robber ; htfnce it is only possible on a new soil, and then only for a short time. The only permanent agriculture is that which is based on stock raising, and permanent agriculture means profitable agriculture.—Hoard's "Dairyman."