The Glenwood post., 1907-07-27
SATURDAY, JULY n, 1907
LAND VALUES INCREASING

ne SltauN III ihhu Noiu'o, f,
which has marked the progress of the
exceptionally prosperous agricultural
conditions that have prevailed for the
past few years, will now have no rea-
son to be checked in 1907. Judging
from the great crop of small grain that
is already being harvested, and the big
corn crop that is almost assured from
its present highly prosperous condition
there is every reason to believe that
land prices will be maintained.
The very favorable conditions fol
crop growth have been and are now a
stimulus to land values. 1t is the sue
cession of good crops, selling at good
prices, that has attracted many to land
investments. This demand has been
from all classes of land buyers, the
homeseeker, the speculator and the in
vestor who has money that he wants to
put into safe investment and let it
alone, not anticipating any great specu-
lation, but a safe investment where he
has n sure prospect of at least a fair in
terest on the money invested.
The farmers have been making money
from the legitimate industries of the
farm for the last twelve years. Where
ever money is made there money own
ers will strive for investment, as soon
az it becomes known to them. Cheap
lands, and the great desire with all
classes of people to become land own
ers and farmers, together with the dem
onstrated producing ability of all these
cheap lands when fully supplied with
that is abroad in the country.
Prices of good, rich agricultural lands
at 800 per acre are frequently chal
lenged as being too high, because they
will not generally, when handled in
large bodies, as farms, pay the interest
at 6 per cent. There must be some diff
ference of opinion, however, on this
question, as practical farmers who are
making money on their farms are usual
l,r Of hn 80
priced farms, sold on the market. 1t is
observed that land values in the i'm
proved, high priced farm land districts
keep moving on up as the cheaper
lands advance in price. There does not
seem to be any fixed price beyond
which these lands cease to be paying
investment.
Lands in some farming districts have
sold this year for 800 per acre that
could have been purchased one year ago
for $50. Lands in some localities in
eastern Nebraska have been sold for
1925 per acre, and these farms were
not adjoining towns OF villages, but
several miles distant in the country,
thus showing that there was no in
fiuence in value other than their us.
as farm lands.
Farm lands, adjoining small towns in
Nebraska, without any other special
market advantages, are selling in small
tracts, acre and five acre lots at $500
to $40O per acre. This is getting to be
a quite popular plan of home making
for the man of means for fine resi-
dence, and also the family who desires
to economic in living expenses, by
producing the main portion of its liv
ing from the land.
The general land values will not be
checked or suffer a decline, until crop
failures prevail, and to an extent that
will shake the faith of the tiller of the
soil in the ability of the land to pro-
iuce uninterruptedly, good paying
crop. The belief in producing value
Of lands is the real incentive to the
present desire to own lands and invest
money in lands. The money made in
'ecent years by the farmer, the good |
,rices he has been able to command |
or all farm products is the key to land
'alues. When crops fail and prices
rom any cause, do not justify the la
or and investment, then prices will
axe a turn. Because farm lands are
elling today at 800 per acre il NO