| OCR Text |
Show Farm Land Values Rise There are farmers, living in Sanpete valley who have a vivid memory of the evil effects of inflation in-flation upon the value of farm, lands in 1920-21. The records show that farm land values stood at 103 in 1914, rose to 129 in 1918 and hit 170 in 1920. Nobody knows where they settled in the collapse that followed fol-lowed because, in most areas, there was no market for farm lands. When the present war began the index of farm land values stood at 84. It has moved upward up-ward to 102. In the natural course a further increase is expected. ex-pected. Experts wonder where the rise will end. The rising value of farm lands is based, fundamentally, upon profits made out of farming. Despite De-spite what the professional farm leaders and the politicians say, figures reveal that agriculture is making money. In 1939 the net income of farm operators, after payment of taxes and farming costs, was $4,500,-000,000. $4,500,-000,000. Last year it was $10,-200,000,000 $10,-200,000,000 and this year it is expected to reach $12,400,060,000. We do not suggest that it is unwise to buy farm lands, even at their present value. Individuals Individ-uals who know how to manage farming, and have the labor and capital to operate, can probably make money through the purchase pur-chase of aditional farm lands. It is risky business for a novice and dangerous for anyone op- erating a farm upon slender capital. To mortgage what is now owned to gain an equity in twice as much land is a risk to be accepted only after considerable consider-able scrutiny, as many older farmers, who took the venture in 190, will tell you. |
