Every farmer should take one or more agricultural journals. At present journals are published on every phase of agriculture and many of them are of high character. Publishers are always glad to send sample copies free of charge. By examining these copies intelligent selection may be made.
The writer of this book has had rather unusual opportunity during more than a quarter of a century of observing the influence of education upon the success, financial and otherwise, of those who engage in farming. As the result of these observations he wishes to urge every young man to allow no one to persuade him that because he is to be a farmer, he does not need a thorough education. Remember that you have but one life to live, and if you let the golden opportunity pass, the mistake can never be rectified. No man ever regretted that he had too much education—thousands have regretted the lack of it.
Every young man, no matter what his occupation is to be, should receive some school training, however little it may be, every year until he reaches the age of majority. Otherwise the age of majority should be changed. In no occupation is this more important than in farming, because the operations involved in farming fail to develop certain attributes necessary to the largest success.
A man cannot have a mind too well trained, although it is possible that he may have too much undigested information. The mental condition may not be unlike the physical condition of the man who is burdened with too many clothes. When in action he may need to strip his mind of unnecessary information in order to make the most efficient mental effort.
CHAPTER II
MEANS OF ACQUIRING LAND
Of the three essentials to successful farming—capital, knowledge and love for the calling—only the first can be obtained on credit, and this only in part. Usually when a man desires to buy a farm he must have, at least, one-third of his desired investment in cash. The amount to be invested will include, not only the cost of the land, but the cost of the necessary equipment of the farm. The percentage of the total capital which may be borrowed, however, will depend on many circumstances and is usually a matter of first importance. No man should borrow more than a banker or other reputable business man considers a safe investment.
Usually there is no better counselor as to a safe investment than the local banker. The banker should, and generally does, stand in much the same relation to the financial welfare of the community as the physician to its physical, the minister to its moral and spiritual welfare. The inexperienced person, even if he does not need to borrow money, would do well to consult some responsible banker in the neighborhood before making an investment in farm lands.
The young man should, as early as possible in life, open an account with the local bank, not merely for the sake of the habit of saving which this will encourage, but in order to come into personal business relations with the banker. Instead of concealing from the bank his business operations, he should seek the advice of his banker on all important financial matters.