Show How Costly Davis SPECIAL TO THE CLIPPER What price farmland in Davis How much have land values gone in the last few THE competition for farm as they become has become more intense than Farmers are bidding against one another in the desire to enlarge their acreage and attain better operating efficiency through the use of more sophisticated AS pointed out by the Federal Reserve Bank of Chicago In its recent Agricultural the large farms are able to achieve economies in the purchase of supplies and equipment and advantages in the marketing or their It finds that the boom in farmland prices reached a in the past Thoy were 10 percent over the previous It was the largest year-to-year gain since IN DAVIS as the valves have been zooming Back in farm real estate in the local area averaged per according to the Census of Agriculture taken that The figure represents the price of land plus the buildings on Throughout the State of at that the average value of such property was per acre- NINE years farm real estate has reached a record high of per the statewide average as of according to the latest findings of the Department of In Davis on that assuming the local area kept pace with the rest of the its farmland has now appreciated to approximately per THE INCREASE since amounts to 49 For the country as the rise is 56 percent for the rest of the Mountain 51 The Federal Reserve Bank as a result its that the rise in farm real estate values was accentuated record-high net farm income and the increase in farm mortgage funds provided by institutional combination of high farm level bumper and a one-third increase in government payments boosted gross farm income to billion up billion from Net farm income rose to a new record of |