Show Why WIlY a Farmer Should Buy and Keep War Bonds hy Ly Mark l T T. T Buchanan Acting Chairman Division o of f Farm Management and Agricultural Economics State College of Washington Pullman Washington DURING th the early stages of an period a farmer I should talk like a pessimist and act like an o optimist He should I extend by means of credit and take advantage of the rising price situation During the latter part of an in ir inflationary ir period he should talk like an optimist and act like a pessimist He should liquidate his debt and put as many inflationary dollars as possible into a fixed investment No fixed investment is more satisfactory for this purpose purpose purpose pur pur- pose than War Var Bonds of the United States In addition to laying aside present present present pres pres- ent easily obtained money to use when its purchasing power has increased increased in in- increased creased there arc are several other reasons reasons' why farmers should buy and keep War Var Bonds Reserve for Needed Replacements Replacements Replacements Replace Replace- ments and amI Improvements Every farmer knows that his machinery and equipment gradually wear out and become obsolete During this time when new machinery and equipment is difficult to obtain he should lay aside funds with which to replace this equipment when it becomes more readily available following the war Prevent Inflation This war is costing twice as much per year as the total cost of World War Var I. I To the extent that the Govern I Government rient ent can borrow this required money from individuals out of savings or funds that otherwise would be available for living inflation will willbe willbe willbe be averted That is why the Government Government Government Gov Gov- is much more interested in selling Bonds to individuals than in in selling them to banks Protection This country and the war effort have been blessed with six successive years of phenomenal nal crop yields and agricultural production If a penny is tossed six times and comes up heads every time the probability of the seventh toss is still 50 heads and tails taUs Although the succession succession SUccession sion of good crop years does not necessarily portend crop failure failure fail ail ure to come nevertheless crop failure is always something that should be considered possible Money invested in War Var Bonds will provide protection for living Jiving expenses expenses expenses ex ex- and capital during the difficult difficult dif dif- years Safe Investment As a rule the paying off of the mortgage is a farmers farmer's best investment During the war years however many farmers have accomplished this and are arc now seeking a safe investment investment invest invest- ment for extra cash No investment investment investment invest invest- ment is safer than the Bonds of our Government Not only is this investment a safe one but the returns returns re re- returns re- re turns are attractive Series E Bonds held for 10 years return in interest interest interest in- in in- in terest of 29 per cent compounded annually in annually in 10 years for each put in Patriotic Motive l Not to be forgotten forgotten for for- forgotten for for- gotten is the fact that this war must be won Farmers have more sons and daughters in the service per family than any other group of our population We Ve must provide provide pro pro- provide vide them with the planes tanks guns ships and other materials necessary to speed their return home U. U S. S Treasury D Department I |