Pleasant Grove Review | 1947-01-03 | Page 5 | Farm Land Prices will Take Decline

r1 T i L tiiitl X-it.lV Prices Will - ' ; ; a ; ,' , I rcr.ni hind values wiil iaobalAv AaiAe vA-. a. larai larocluct rices and production ' become .'ore laaua; itfjaslcd tj largcr-u:i largcr-u:i cioir.cv.Uc and Xore.'.gn de-s a a aid. Lhc Department bf Agri-:uiiure Agri-:uiiure warns farmer.. Land .'allies rn::c cnuthsr 14 Jber cent i Jurhij the last year nd now stand within 11 per cert of the 1920 inflationary peak. By No- vernber 1, land values ha reached reach-ed a point 83 per cent above the 1935-39 average and were above 1020 levels over a large, part of the country. Another bad feature 1 of the situation is that more people have gone into debt to purchase farms during each of the last 4 years than daring any other year since 19:10. Stimulating the demand de-mand for farms are such things as record high farm income, which increased more rapidly than operating costs, and a national na-tional income 2 'A times as high as before the war. When land prices have risen unduly, farmers wiil generally be better off in use long run to postpone farm purchases and. use their income to retire debts, purchase savings bonds, and build up financial reserves to buy land later at safer prices, to replace re-place worn-out equipment, for improvements and better living ; levels. j