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Caption: Board of Trustees Minutes - 1888
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82 UNIVERSITY OF ILLINOIS. ANNUAL FARM EEPORT. UNIVERSITY. December 1, 1887. Br. S. H. Peabody, Regent: SIR: The financial operations of the University farms for the year ending at this date may be summarized as follows: Receipts from sales of farm products Total expenditures Excess of sales $5,579 83 4,180 66 $1,399 17 Inventory of personal property December 1, 1887 $15,430 00 Inventory of personal property December 1, 1886 15,958 12 Decrease during year $528 12 Net balance in favor of the farms 871 05 A classified statement of sales, expenditures and of property included in the inventory, forms a part of this report. The almost unprecedented drought reduced the yield of corn nearly 2,000 bushels; the hay crop, 75 tons or more, and made it necessary to use much more of each on the farms than in ordinary years. The price of that on hand has been correspondingly advanced. For the first time in my experience our cattle purchased for grazing and grain feeding in the fall have been a source of a slight loss. The character of the season has been favorable to success in efforts to reduce the expenditures for labor. A large percentage of the sales has been of live stock instead of grain and hay. I take much pleasure in acknowledging the great value of the services of the assistant in agriculture, Mr. T. F. Hunt, in the supervision of the farm work, as well as in the conduct of experiments and in the class room. On the night of Saturday, December 3, the old residence on the stock farm, occupied by one of the farm laborers, was destroyed by fire. The house had been decided not worth repairing, so the direct loss is slight. Some provision for housing a laborer during the winter is desirable. Respectfully submitted, G. E. MORROW, Professor of Agriculture. Balance Sheets AgricuUural Department, December 1, 1886, and December 1, 1887. 1886. 1887. 1886. 1887. Inventories: Credits— Live Stock—('attle, Shorthorns Herefords and Holsteins Jerseys Grades Colts H o g s a n d fowls Teams Corn Oats Wheat S t r a w , fodder a n d e n s i l a g e Fall wheat and plowing M iscellaneous Machinery and tools INotes and credits $5,500 1,400 6 0 475 00 $5,000 00 00 1, 700 00 00 500 00 00 625 00 $8,025 00 $7,825 00 775 00 1,100 00 620 00 475 00 $9,420 00 $9,400 00 1,200 00 1,250 00 !fci,000 00 $1,225 00 550 00 1,315 00 300 00 330 00 310 00 175 00 375 00 2,640 00 1,9:0 00 698 12 2,880 00 1,800 00 100 00 $15,958 12 $15,430 00
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