The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1915-11-04
A COMPARISON

We have always maintained and are still of the
opinion that if the young farmers of some means
who just starting out in life residing In $3.50 to
$500 land districts fully aware OF the fav-
cradle conditions existing in Central Minnesota,
every real estate agent in this region would have all
kinds of business.
Lands in this territory yield fully large cash
returns per acre, good or better climatic
conditions much better water advantages, equal
market facilities, good highways and educational
and church advantages, and, with the possible ex-
ception of building improvements, are on par or
above par with the priced lands mentioned; and
that they will in a comparatively short time equal
them in price is as certain anything be in the
world of BUSINESS for it is an inflexble rule of hui
man affairs that similar conditions produce similar
results.
The comparative advantages of the two regions
were brought to attention by conversation
had with shrewd, hard-headed, wealthy farmer in
of the best agricultural districts in Iowa, of
which there finer in the world, when
travelling through that state, few years ago,
in the interests of the Minnesota Board of Immi-
grafton
"He said: have two grown sons, both first-class
farmers, and in 1912, furnished each of them with
$4,000, with which to start farming.
"My oldest son purchased splendid improved
quarter section farm, adjoining mine, for which he
He paid $4,000 down and spent $4,000 for stock and
machinery, leaving balance of $685. 900 for which
he gave mortgage running at per cent. His taxes
amount to about $3.50 year, making his annual
ad-weight-carryng charges $1,000, which must be
paid, in addition to all other Incidental and running
expenses of the farm before there is any velvet for
him. He and his family have worked like fends for
the last three years, have by close economy kept
the interest, and taxes but have not been able to
duce his mortgage Indebtedness dollar, although
the last three years have been exceedingly favorable
for farming operations.
At the end of ten years his financial statement will
appear about as follows:
100 acres of land at 1925 per acre $4,000
1ndeptedness ................... Zo,OOO
Equity CONGRATULATIONS. S,OOO
Original investment .............. 10000
Loss investment ............... 1000
Total loss .................. 10 per cent
Annual loss ACKNOWLEDGEMENTS. z per cent
Gin other words, unless something extraordinary
turns he will have put in ten of the best years of
his life working for his board and clothes and the
the fun he got out of the performance. Financially
speaking he will be no better off than when he
started 10 years before, and he will be $4,000 shy
his investment.
"My other boy went to Central Minnesota, pur-
chased 16O-acre farm equally good and nearly
we'll improved, in just as good neighborhood
from which he has derived trifle acre-revenue
than his brothers Iowa farm pays, for $65 per acre.
He made cash down payment of $1,000, and spent
$4,000 for stock and machinery and moving expen-
ses, giving back mortgage for $780, running at
six per cent interest His taxes far have averag-
ed about 500 year, making his annual lightweight
charges 1884, $636 less than has to be raised the
Iowa farm.
"He has paid $1,000 on his mortgage Indebtedness
during the last three vars; if he keeps this up and
there is no good reason why he should not under
his skillful cultivation the farm is growing
productive all the time, in four years more he will
have his farm in the clear and after that should be
able to lay by at least $500 each year His land has
rapidly increased in value; he offered $95
acre for it last fall.
"At the end of ten years his financial statement
ought to read:
100 of land at SITS per acre $4,000
$1,000, three years savings ....... 1,50O