Show why a farmer should buy aud and keep keel war blalark ly by mark Alark T buchanan acting chairman division of farm management and agricultural economics state college collage of washington pullman washington DURING the early stages of an period a farmer should talk like a pessimist and act like an optimist he should extend himself by means of credit and take advantage of the rising price situation during the latter part of an inflationary 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 0 s e than war bonds of the united eta states tes in addition to laying aside present easily obtained money to use when its purchasing power has increased there are several other reasons why farmers should buy and keep war bonds Ite serve for needed replacements and 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 I 1 to the extent that the government can borrow this required noney money from individuals out ut of savings or funds that otherwise would be available for living inflation will be averted that is why the government is much more interested in selling bonds to individuals than in selling them to banks protection this country and the war effort have been blessed with six successive years of phenomenal crop yields and agricultural pro production d action if a penny is tossed six times and comes up heads every time the probability of the seventh toss is still 50 50 heads and tails although the succession of good crop years does not necessarily portend crop failure to come nevertheless crop failure is always cometh something ing that should be considered possible money invested in war bonds will provide protection for living expenses and capital during the difficult years safe investment As a rule the paying off of the mortgage i is a farmers best investment during the war years however many farmers have accomplished this and are now seeking a safe investment for extra cah cash no investment is safer than the bonds of our government not only is this investment a safe one but the returns are attractive series E bonds held for 10 years return interest of 29 per cent compounded annu annually alY in 10 years for each put in patriotic motive not to be forgotten is the fact that this war must bewon be won farmers have more sons and dauch daughters in n the service af pf per er f family a ily than an any other group of our u r population we e must provide the them wit with the planes tanks guns ships and other materials ate rials necessary to speed their return home U S treasury department |