Show Why Farmers Should Buy T Ice Keep War Bonds t. t b by hy R R. R. R P President Montana fontana State College fin financial reserves Jj paying oft off debts helping to fight dangerous inflation and pa pa- patriotism patriotism patriotism are all aU good reasons why farmers should buy and hold War Bonds A good financial reserve Is an nn Important part of sound farm arm management War Bonds arc are safe Investments and arc are almost as liquid as cash Thus they comprise comprise comprise com com- prise an excellent financial reserve reserve reserve re re- serve for unexpected needs and emergencies After the last war prices fell rapidly as they have after niter every major war and thousands thousands thou thou- sands of American farmers lost their farms because they could not weather the economic storm No other factor is more essential for continued satisfactory farm operations operations operations opera opera- through good years and bad than adequate financial reserves In addition to unexpected needs for emergencies need adequate reserves to finance repairs repairs repairs re re- pairs replacements and improvements improvements improvements improve improve- ments around the farm Difficulties Difficulties ties tics in obtaining needed materials and labor for these expenditures cause farm buildings and equip equipment equip equip- ment to wear out faster during the war period than in peacetime If farmers can wait until sometime sometime sometime some some- time after the war ends to make makeI I these repairs and improvements their dollars should go farther than they will immediately following the war and better quality materials materials ma mn- will probably be available Moreover too rapid or forced cashing of War Bonds immediately immediate immediate- ly after the war could create creat a a. serious situation and contribute to war post-war inflation Also holding Bonds to maturity makes it possible possible possible ble for the farmer to increase his investment by one fourth through accumulated interest Still another er reason for having a good reserve reserve reserve re re- re- re serve in the form of War Bonds is that funds will be available for forthe forthe forthe the boys when they return to assist assist as as- them in getting established in peacetime pursuits Many farmers still have llave term long-term mortgage debt outstanding outstanding outstanding out out- standing against their proper proper- ty y Investment in War Bonds Donds now makes it possible for the farmer to o help finance the time war and at the same time accumulate accumulate late lato the time funds which will willen enable enable enable en en- able him to liquidate his debt in a lump sum after the war Systematic purchase of War Bonds Donds f furnishes a very er orderly and sure way of accumulating the necessary funds for liquIdation liquidation liquidation dation of debt that requires large lump Jump sums for settle settle- ment The extremely heavy expenditures expenditures expenditures expendi expendi- tures required to carry carryon on modern total war creates high purchasing power which combined with shortages shortages shortages short short- ages of materials and labor cause serious inflationary threats Most farmers can remember the Ute very high prices which occurred during the last war and the very low prices and depression which followed fol fol- fol- fol lowed With the present scale of operations much greater than during during dur dur- ing the first war it is imperative that widespread inflation in general gener gener- al prices and in land b bp prevented prevent prevent- ed Using surplus funds to purchase purchase purchase pur pur- chase War Bonds helps reduce inflationary inflationary in in- in pressure in commodity markets and at the same time helps finance the war Building financial reserves paying paying pay pay- ing off oft debts and fighting inflation tion comprise adequate reasons for buying War Bonds However there is still another major reason why farmers should invest in War Bonds until it hurts and this is the patriotic reason We arc engaged in a very serious struggle to preserve preserve preserve pre pre- serve democracy and our way of life The sooner we can win this war the fewer lives of our sons and daughters will be lost Our youth arc making great sacrifices on the battlefronts all over the world and it is up to each one of ofus ofus ofus us on the to give all allye we ye have Large sums of money are needed for winning the war and if we will all buy War Bonds to the he limit of our resources voluntarily we can help finish the war at an early date U. U S. S Treasury Depart Department DL aunt |