| Show ULUES OF MM esaff SHOW no DECLINE IN YLA rm H current average at about the same level of values as 1917 the average value of an acre of farm land in utah for the current year is which is about the same as it was before the world war the same as in 1927 and 1928 and about 40 lower than in 1917 during the war when land values were at their peak the estimates are compiled by the bureau of agricultural economics of the U S department of agriculture and based upon reports made by cooperating farmers and farm real estate dealers throughout the country although farm real estate values generally continued downward during the year ending march 1 1929 the declines were comparatively slight and in a number of states represented the smallest annual losses in values recorded in recent years says the report of the bureau the highest value of farm lands according to the report is estimated in florida an acre and the lowest in Alon montana tana 72 an acre during the 12 month period values per acre of all farm lands with improvements prove ments averaged for the united states as a whole showed a decline of slightly less than one per cent this represented the smallest annual loss shown in the national average since the price peak of 1920 was passed and represents a continuation of a downward trend which set in at that time in comparison with the average values prevailing before the war the national figure on march 1 1929 was sixteen per cent above taw three years 1912 1914 1 on march 1 1928 the corresponding figins figuie was seventeen per cent above prewar pre war in in 1927 nineteen per cent above and in 1926 twenty four per cent above at the 1920 peak the figure reached seventy per cent above prewar pre war the current average for the country as a whole represents approximately the same level of values as prevailed in 1917 state and regional averages during i ng the year showed few of the sharp declines frequently recorded in preceding years this was particularly true of the corn belt states the cast north central and west north central sections on the average showing decreases of approximately one per cent which represents the smallest annual loss in values recorded there in the last nine years values in the southern states also declined only slightly luring during the last year making aking in a comparison generally more dav favorable arable th than an in the years immediately preding preceding in the northeastern states stater average values tended to ease case somewhat but only nominally in the mountain and pacific states average values almost without exception held up well vell to last years levels the value estimates for 1929 were made as a part of the bureaus annual survey of conditions in the farm land market A complete report on all phases of the farm real estate situation will be issued at a later date |
