The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1902-08-15
DTHERN FARM LANDS
/ ARE TO ADV ARCE,
O~t

an active demand for farm
ds throughout the entire
rthwest, nor such d phenom-
advance in p1lceS, as during
past three vea:s. In Illinois
advance has been from $50 10
SO per acre il iowa, from S,'o
SIS, and even higher; in Min
eso,a. from SIS to $50, and IN
$outn na. ota, i.om $3.50 10 $50.
Real estate prophets ar: others
have each wear predicted the top
had been reached, and that pri-
ces must decline. Such, how
ever. has not been the case. On
the contrary, not only practical
farmers, but bankers, mechanics,
merchants and manufacturers
having idle money have sho"
their Confidence in the future OF
cultivable lands by making liber-
al land investments.
The question now agltatlng the
minds of all real-estate agents
Through whom 90 per cent OF
all the farm lands are sold) is,
where can we find low priced
real. state, and where will be the
next great advance in lands!
I advise all ieal-estate agents
and others who handle farm
lands that every indication now
points to the south as the center
of the next great boom, and our
reason for thinking this are based
on the following facts:
Southern farm lands are too
low, as compared with the market
value of Southern farm products.
TO illustrate: In Iowa lands sell
ing IN the market for $50 to S72
per acre are rented for only So
per acre. In Mississippi, and
especially in the great cotton
belt, the Mississippi valley, i'm
proved plantations can be bought
at from SIS to S35 and readily
rented for So and 81 per acre
cash, or, what is better at the
present high price of cotton, for
100 pounds of lint cotton per acre
and upon which the taxes are not
more than half what they are IN
Iowa or Illinois.
All Indications point to lncreas-
ed demandand increased local mar
ket for all kinds OF Southern farm
products. The development of
Southern oil fields, furnishing
cheap fuel, is attracting the at,
tention of manufacturers.
The construction of an inter.
oceanic canal, whether at Panama
or Nicaragua, will make New
Orleans the gateway toimportant
new markets that use uselargely
the mining, manufacturing and
and agricultural products OF the
South. 1t will be the means OF
calling the attention of thousands
Of tourists and capitalists to the
fertile lands of the Mississippi
valley. 1t will result in large in,
vestments of Northern capital,
which is invariably followed by
immigratiyn and advance IN the
price of farm lands.
unimproved hardwood timber
lands of the BEST quality are yet
on the market at points in Miss.
isSippi between Memphis and
Vitksburg from 81 to SO per
acre. The cost of clearing and
fencing these lands is not to eX'
coed $40 per acre, and wher
cleared they will grow u bale OF
cotton worth from $40 to S5I
per bale, or 90 bushels of corr
worth from 90 cents to 81 pei
bushel, to the acre. Every real
estate agent who has studied the
agricultural conditions of tai.
country understands how, witt
the rapid increase IN population
making a constantly incrcased
demand for everything eatable, II
is utterly impossible for fertile
lands to remain at present values
in any section of our country
either North or South.