Show Bett o j etter r F Fa arm a Land o lV Market d c o Prices Are S Stable a. a Survey vey Shows V Ample Credit Facilities P Exist 1 A 1926 farm lands market more I generally active e than that o of 1925 rind find giving promise of greater activity ac- ac activity ac ac- to come Is- Is indicated In the annual survey Sl of farm land market conditions which was recently compiled com con piled b by the time National Association of Heal Iteal Estate Boards S Some me of the outstanding features of the farm lands situation l nationally nation nation- all ally as all shown by LY the survey surrey are the following 1 Prices though having a a. ten ten- dency ency to advance are fairly stable at a level below that of 1920 but I higher than that of oC 1314 1914 14 2 A greater optimism than titan existed ex ex- isted fisted last lust year ear is shown b by farmers 3 3 There its 18 a a. ver very apparent trend toward towaN return to the farm on the i hart art art of or country born folk drawn ward city-ward during the period of farm Carm depression 4 Ample mple credit facilities confidence here tempered with necessary ne ne- conservatism Thet survey is based on reports from communities in the Unit Unit- Unit ed sty States and Canada Of those replying 56 per cent celt re report re- re report port the market more active than titan last year 28 per cent the th the same and but 16 per cent less active e the north nort and central eastern sections the mountain and Pacific states and Canada reporting uniformly uni uni- good markets The activity of tho the market as reported by sec sec- tints IS Is shown hO In fn table a e one I Table I I. I r I Activity of ot Farm Lands Market In 1296 as Compared with 1925 Reported as as' by Sections i In percentages Section More Active Same Less All Sections 56 28 16 North Atlantic 60 60 50 Central 37 17 11 South Eastern 60 50 12 38 South Central 52 62 24 24 Great Lakes Lukea 45 37 1 18 North Central rai 77 1 15 16 S Mountain l States GO 40 40 v Pacific States 40 60 Canada 75 75 2 23 The predominant reason for farm tarm purchase at the present time Is the occupation of ot tote the farm an as a home and its conduct as a business the survey urve finds five Eighty per cent of the communities reporting show this condition EXPECT PRICE BOOST A second outstanding reason for buying is 18 the expectation that prices of oC farm lands will Increase Practically all of ot the reports 93 per cent cent forecast an Increase in future sales of farm lands the most tre frequent luent basis Lot for such forecast be bet beIng ing that deflation is 18 considered complete and farms can now be bought at a price which permits a return ret on the Investment Prices remained the same this year r as last In 46 40 per cent of the communities reporting but took an upward turn in 39 per fr cent The large majority of communities 78 18 Pr per r cent report current prices to be lower than those of 1920 with the general ral comment that deflation is complete in their opinion while 58 68 per cent report the prices to be higher this year ear than In 1914 The movement of oC prices in various sec sect Lions of the country as reported Is I shown in table two I IT T TABLE ADLE II Tendency of Prices of oC Farm Lands Lands' In in 1926 as Reported by Sections In percentages Stalon S on- on section Up Down ary ary- All Ail Sections 39 39 30 15 16 40 IG North Atlantic 33 33 67 Central Eastern 82 8 S 8 South Eastern 71 71 29 South Central 50 28 22 Great Lakes 24 1 24 22 54 North Central 61 57 4 4 39 Mountain States 50 O 31 Ii 16 Pacific S States Stes tes 20 SO 80 Canada Canad t J 43 43 67 61 |