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Show IMPROVED MARKET FOR UTAH LANDS An improved market for Utah farm land is reflected by increased sales of farms during the last six months upon which the Federal Land Bank of Berkeley, Calif., has foreclosed within the last several years, W. D. Ellis, president of the bank, told representatives rep-resentatives of the National Farm Loan association in conference in Salt Lake Friday. During the last six months 38 Utah farms accumulated through foreclosures were sold by W. M. Howell, Salt Lake, Utah director of the bank, Mr. Ellis reported. Most of these sales have been to neighbors of farmers dispossessed, who appreciate the value of the land for agriculture. Over half of the 96 farms owned by the bank and still unsold are being be-ing operated and 17 sales still are pending. About 100 persons were present at the conference at which problems arising in the making of long-term amortized farm loans on first mortgages mort-gages in Utah were discussed. These problems include size of the loans, taxation, liabilities of the association, delinquencies on payment of installments install-ments and other matters arising under un-der the farm loan act. It was declared that an effort should be made to keep appraisals of farms made by the banks as near as possible to the appraised value of the farms as made by the associations. associ-ations. Associations, it was said, should be active in trying to keep local taxes on farms within reason and within the ability of the farmers farm-ers to pa3 Local taxes, in many places, are taking an undesirable amount of the income from farming, it was said. |