Show 1 I Will Land Values Drop i I IOU Q OU YOU who own land or are thinking of buying A lately have wondered Are land values going going going go go- ing to depreciate depredate along with the gener general deflation deflation deflation tion of prices U UThe The value of farm land during the past year decreased 7 p pe pr r cent says the d department of agriculture Here is its estimate of the average value of an acre of plow land in the United States March 1 1 I. I 1914 1014 March llarch t. t 1916 1316 March 1 1 1917 t 1 March larch 1 1 1918 1 March larch 1 1 1919 t 1 1 March l 1 1 1920 March a 1 lv 1921 The drop in f farm l land land d' d values i t has b been greatest greatest great great- at- at est in Southern states states 22 22 per cent in Georgia and 24 per cent in Kentucky That's due to the cotton and tobacco situation Iowa has the highest highest highest high high- est priced farm land land averaging averaging an acre compared with a year ago The lowest rate of decline was in Western states California Oregon and Colorado even showed an increase Farm land values however are higher now than in any year up to i 1920 The slump is due to the crash in prices of farm products Whether the slump will continue during the next few years depends on on the selling price of farm products Probably the depreciation ion is only temporary Single at at least will claim so Their theory theory theory the the- ory is that the trend of land values as population becomes more dense is always upward and that land values steadily absorb all increase in wealth produced by mans man's labor tabor and inventiveness As for city land it is subject to the same economic laws as farm land Land may decline in value as measured by dollars in line with general lowering of cost of living but the owner does doesn't t really lose for his dollars will buy more |