The true yield of business is determined less by the size of the estate than by the sum of the investment. - Albrecht Daniel Thaer

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The true yield of business is determined less by the size of the estate than by the sum of the investment.

English
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About Albrecht Daniel Thaer

Albrecht Daniel Thaer (14 May 1752 – 26 October 1828) was a renowned German agronomist and an avid supporter of the humus theory for plant nutrition.

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Alternative Names: Albrecht Thaer Thaer, Albrecht Daniel Albrecht D. Thaer
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I was very sickly and weak during the first years of my infancy, and was, as much as I can remember of myself, a very whimsical boy. Sometimes I learned with enthusiasm, and often found myself in such a kind of ecstasy, that I neither could see nor hear what passed around me. In these fits of thought I forgot playthings and playfellows; I was happy only in my own musings. I always preferred the company of little girls to boys. I was not ten years old when I presented them with some poetry and little verses, the effusions of my heated imagination; some of them fell into my hands in riper years, and after reading them over, I left off poetry altogether. I loved my first private teacher very much; I even can remember him now. My second teacher was a simpleton; he could never understand me, nor enter into my feelings. My antipathy to this man grew daily greater; I could not learn of him, nor could he teach me anything. At last, when in my thirteenth year, I got rid of him, and he being encumbered with debts, I gave him my saving-box when he left. Whether I did this for pity's sake, or joy to get rid of him, I did not know.

Among others, Doctor Caritens died during a momentary absence of my father, who recommended while stepping into his travelling chariot, to bleed the Doctor a second time. I did as he bid me, although convinced that emetics and opening medicine would cure the patient without fail; the Doctor died, and you may easily imagine the state of my feelings. I had just begun to publish a work on practical physic, but had no heart to finish it after this sad catastrophe. I betook myself again to philosophy. I wished daily to return to Gottingen, if I could do so with honour. I passed three years under such painful circumstances, when my friend Leisewitz invited me to go with him to Berlin, for which purpose his brother-in-law in Brunswick would advance me money to defray my expenses. Without much consideration, I accepted the invitation, and my portmanteau was soon ready.

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The proprietor should always direct his attention to obtain from his land a gradual increase of produce, or to augment its value continually. The farmer only desires the greatest profit during the continuance of his lease, without caring for the value of the land afterwards. "Whilst the proprietor can content himself with a trifling produce during a few years, in order to attain greater and more durable profit subsequently, the tenant must, on the contrary, endeavour to obtain the greatest produce, even though its amount should be diminished during the latter years of his lease; because the proprietor who wishes to farm on the best system, finds at the same time both pleasure and profit in laying out on his property as much capital as he can spare, whilst the tenant, on the contrary, withdraws as much of his pecuniary resources as possible, to employ it in other ways, or to place it at interest. The improvement of the land constitutes the pleasure of the proprietor, while the mere occupying farmer only thinks of augmenting his income. Thus the longer the lease may be, the more do the interests of the landlord and tenant become identified; the shorter the term, the more conflicting are those interests. With a lease of 24 years, a tenant ought, at least during the first two-thirds of its duration, to follow out the views of the proprietor. But the time will come when he will act on different principles, and endeavour to extract from the land a return in proportion to his outlay at the commencement.
To this must be added, that a tenant cannot have the means of laying out so much on the land as the proprietor, even if he wished to do so. The latter must pay the rent, whilst a proprietor anxious to improve can economize something from the net produce to expend on his property. The first may be compared to a merchant who trades on borrowed money; the second to one who speculates with his own funds. The former must first provide for his rent, the latter need only think of extending his speculations.

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