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tuted for any of quality A, it must be at the best
that of quality B ; and, therefore, the inferior
will have to be substituted for the superior.
Such a substitution would not prove profitable
until the rent of land A became something
greater than what would be lost by evacuating
some of A and occupying in its place some of
B. Hence rent of land A can be no more than
10 bushels an acre. And, broadly speaking,
it can be no less, because the competition of
farmers for the better land would force up
its annual value until the substitution of
land B for land A (in view of the rent of land
A) was a matter of indifference.
Let us now take a further step in the
demonstration and suppose that the demand
for the produce of the soil is such that some of
land C must be occupied. Then eventually the
rent of B would be 15 bushels, the difference
between the yield of B, 50 bushels, and the
yield of C, 35 bushels ; and the rent of
A would be 25 bushels per acre, the difference
between its yield, 60 bushels, and the yield of
C, 35 bushels. Finally when D, which bears
15 bushels an acre, is tilled, C with a produce
of 35 bushels an acre will bear a rent of 20
bushels, that is 35 minus 15. B, with its output
of 50 bushels an acre, will earn a rent of 35
bushels, that is 50 minus 15 ; and the rent of