Show the future of farm land values comparison OF LAND VALUES WITH NH UMBER NUMBER OF FARMER BANKRUPTS PRICE LAND IANO AS wonza kwien af PER wt 0 W ma 13 wa wa wa tm wa dolra 22 2 0 ACRE couii coan DO 05 00 75 to r es GO 1000 I 1 ss ubo 00 so 50 pu P 00 OT O T S i as 45 1100 40 ER S jooa 1 l 1 35 i iiii oceo MO when farmers are making money on their crops the value of plow land runs high and bankruptcies are few reverse the situation and the bandru bankruptcy line takes a straight upward turn what Is happening now farmer bankruptcies are on the increase land values are sliding down the scale due do to the slump of agricultural prices since the war what does the future hold for farm land owners Is this the tune time to buy or sell 7 the sears roebuck agricultural foundation after completing a survey of land values co coching cring a period of sixty years predicts that high land values are coming back and ilist within a decode farm land prices will again be on the climb from the das of the civil war to around 1000 farm land values showed little littie change annd was considered a safe investment beginning in 1900 values began to biset riset by 1010 1910 the acre price had doubled still land continued to rise chiefly because of the advance in the prices of farm products tile the war brought higher prices for farm products crop values increased the relt as a land boom by 1020 the average price of land per acre wa aa 90 30 higher than in 1017 1917 at the opening of the war farm bankruptcies dropped from 2000 in 1917 to 1000 in 1919 tho the prosperity period of the war many farms were bought during in 11 the land boom it Is lp estimated that 10 per cent of the count rys farms C changed banged annos following the lie war tho the collapse in prices of grains and live stock sent land values tumbling for the first time in twenty five years average plow land decreased in value from an average of 90 per acre in 1010 1020 to 65 in 1023 crop values per acre fell from 30 36 in 1919 to 15 in 1021 during the past two tino years there has been a gradual increase the average for 1922 being 20 and last year the average rising to 22 farmer bankruptcy proceedings in the federal courts jumped from 1000 in 1920 to in 1923 more than 8 per cent of the land owners in 15 corn and wheat producing states in the upper mississippi valley lost their farms in twenty five years the united states should be producing on a domestic basis in practically everything unless production makes material increases people are gioi moving ing from the laud land then the farm to elty movement will reverse itself land values will increase with the price als Bankrupt bankruptcies cles will decrease with the rise in land values the present tendency in prices Is down they may continue down for a decade during tills this time land prices may sag nag considerably but with a return of production prices of farm land will go up IN FARM LABOR DEMAND percentage 1919 1920 1921 1922 1323 1923 1924 or NORMAL 1107 1050 4 0 P A 65 OS 1 90 4 1 V v 85 A 80 1 p v 75 V 70 Fa farmers are cutting down hired help the demand is estimated ul at only SO 89 per cent of normal as compared with 95 per cent a year ago according to a statement issued by the washington office of the sears roebuck ck agricultural foundation based on data from gos eminent sources tile the low purchasing power of farm products has forced the farmer to rearrange his operations he Is coming to depend largely on his own and his fam faint ilys lys labor caseb the hired man is being dispensed with entirely farm help costs more today than at any other time in the past sixty one ears bears wages demanded are higher than a year ago and rates for 1923 13 averaged above all preceding years the peak year in the wage scale was in 1620 that year labor was scarce according to the accompanying chart in june of 1920 the supply was but 73 per cent of normal while the demand was per cent of normal during the latter half of I 1 1920 and through the first six sir months of 1921 the labor supply curve tool took a sudden upward swing and in june of 1 1021 21 it was 95 per cent of normal while demand had dropped to 87 por cent until in june of 1922 the supply curve continued to rise reaching its height at per cent of normal while the demand was nas but 89 per cent normal with the beginning of 1923 city labor wages improved large industrial centers drew farm help farmers had to pay wages out ot at proportion to what the farm could earn to hold their men in june of 1923 the demand saw baw 05 per cent of normal while the supply curve was sagging to 84 per cent the latter half of the year demand lessened due to excessive labor costs costa and the increasing supply tills this year demand has made still further decline until now it Is but 81 per cent of normal while labor supply which Is gradually increasing Is estimated around 89 per cent PER CAPITA production OF EGGS 1889 18 1839 1899 99 1909 tac 39 19 ay iy i 2019 20 19 an a n att ia a NUMBER OF DOZENS 20 Y I 1 13 15 12 10 MA r lw ta so bo rapidly Is the poultry industry expanding that within a short time over production may cut the farmers poultry dollar unless product production lon can be maintained at a lower cos cost according to the sears roebuck agricultural foundation A recent survey shows that more than farms in this country produce poultry and eggs it la ib estimated that there were chickens on farms before the hatching season started tills this Is an increase of over or nearly 12 per cent over figures of a year ago and or over 32 per cent cant increase increases since january 1 1020 production of eggs increased per cent between 1920 and 1923 while the population increased only 08 58 per cent in the past five years the estimates of egg production have shown a close correlation with the estlina estimated ted number of chickens on hand band at the beginning of tho the our oe he ratio being 46 dozens per fowl it if the same ratio holds good egg arl duchon in 1924 will gain 10 to 12 per cent over 1023 when it showed a 0 gain of per cent over four years ago profitable poultry production at the arc alt of e expansion va ns ion Is dependent upon n the present h high love level I 1 of demand up to 0 date a to consumption on has kept pace with pro production in 1028 1023 enough begs aero rero produced to turnlee 20 dozen for every man woman and child in tho states this would mean dom docen for or the average family of ilm alm |