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TABLE 51,-Average value of farm real estate, livestock, and machinery and
equipment by race of operator and economic class of farm, North and West Florida,
 1956


 : Value : : Value of :
 Race of operator : of farm : Value : machinery Total
 and economic class arm : real of : and :
 : estate :livestock : equipment :


 : Number Dollars Dollars Dollars Dollars

White:
 Residential 64 5,313 242 314 5,869
 Part-time class VI : 42 6,585 495 593 7,673
 Class VI : 20 8,336 727 652 9,715
 Class V : 52 8,009 800 1,282 10,091
 Class IV : 57 12,524 1,391 2,121 16,036
 Class III : 29 24,848 3,068 3,691 31,607
 Class II 16 52,401 7,972 6,113 66,486
 Class I 3 71,667 33,993 17,826 123,486

 Total farms : 283 13,031 1,732 1,781 16,544

Nonwhite
 Residential 27 1,644 145 173 1,962
 Part-time class VI : 21 2,035 259 235 2,529
 Class VI : 16 2,694 322 682 3,698
 Class V : 12 3,667 337 612 4,616
 Class IV : 9 7.722 870 1,527 10,119

 Total farms : 85 2,867 310 489 3,666
 All farms : 368 10,683 1,404 1,482 33,569


 While average investment in farm resources increased with farm pro-

ductivity, considerable variation in the value of farm assets existed within

the major economic classes of farms (Table 52). Investment in farm resources

averaged less than $6,000 for the residential farms of white operators but

ranged from less than $1,000 to more than $50,000. Part-time farms averaged

$7,700 in farm assets and had a range almost equally as great as residential

farms. Average investment for commercial farms in economic classes IV, V, and

VI amounted to $12,660, yet more than a fifth of the farms with white operators