Show why a farmer should buy and keep war bonds ly by mark alark T buchanan Bu acting chairman division of farm management and agricultural economics state college of washington pullman washington TOURING the early stages of an i inflationary period a farmer should talk like a pessimist and act like an optimist lie he should extein himself by means of 0 credit and take advantage of the rising P pact lev 1 situation I us during the latter tier aart of an inflationary period he be should talk like an optimist and act like a pessimist lie he should liquidate hs his debt and put as man inflationary Inflation a dollars as possible into a ced investment no fixed fied investment is more satisfactory for this purpose than war bonds of the united states in addition to laying aside pre present a easily obtained money to use when its purchasing power powe r has increased there are several other reasons why chy farmers should b buy uy and keep war bonds reserve for needed replacements and improvements every farmer knows that his machinery end and equipment gradually wear out and become obsolete during this time when new machinery and equipment is difficult to obtain lie he should lay aside funds with which to replace this equipment when it becomes more readily available following the war prevent inflation this way 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 money from individuals ts out of savings or funds that otherwise would be available for living inflation will be avert averted e d that is why the gov ernan ent ls Is much more interested in selling bonds to individuals than in selling them to banks protection this country and the war var effort have been blessed with six successive years of 0 phenomenal crop yields and agricultural production it if a penny is tossed six times and comes up heads every time the probability of the seventh nth 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 something that should be considered possible money invested in war bonds will provide protection tor for living expenses and capital duru curag g the difficult years safe investment As a rule the paying off of the tha mortgage is a farmers best investment during the war var years however many farmers have accomplished this and are no now seeking a safe investment for extra cash no fuves investment t 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 ID 10 years return interest of 29 2 9 per cent compounded annually in 10 years 4 00 tor for each 3 00 put in patriotic motive not to be forgotten Is the fact that this war must be won farmers have more sons and daughters in the service per family then than any other group of our population we must provide them with the planes tanks guns ships and other materials necessary to speed their return home U 5 Trea treasby Defame 9 |