Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1918-01-19
TWO DOLLAR WHEAT.
This Price Will Hold For Some
Years.

gives ii as his opinion. las slow
descent may be counted on in the
prices for grain when the war ends
ii may take several years to restore
the Horld's stock of foodstuffs to nor
mal-there is good ground for conf
dence IN the outlook for rapid deyef.
opment in agriculture"
If this be correct, it follows that
the profession of farming win mate
rally increase its ranks in the next
few years.
Today. the price of wheat is set by
the United States government at s. 20
per bushel, and in Canada the price
has been set at 1921. This, of course
is less freight and handling charges
which brings the average to the farm
ers at about $500 per bushel Thil
price will pay so long as land, mate
rial and labor can be secured at rea.
sOnable prices. 1t remains for thu
would-be producer to ascertain where
he can secure these ct prices that viii
make the production of grain profit
able. He will estimate what price he
can afford to pay for land that will give
him a yield of wheat which when sold
at $500 per buShel, will return MIN a
fair profit. Local and social condl-
lions will also enter into the cOnsidera-
ton. Finding what he wants he would
be wise TO make his purchase now
Land prices in some portions Of the
country are low. certainly as low rs
they will ever be. City property and
town property viii fluctuate, but farm
property will hold it's own. Tie price
of grain is as low as it will be for
some years. Therefore it would be
well u look about, and find what can
be done.
There are DOUBTLESS many oppOrtu-
mites in the United States, especially
in the Western States, to purchase
good agricultural lands, that will pro
duce well, at reasonable prices. If the
would-be buyer has the time to inves-
tigate, and that is needed, for these
lands do not exist in any considerable
area, he would be we'll repaid. Not
only will his land certainly increase in
value-the unearned increment would
be an asset-while under cultivation he
can find nothing that will give better
results. He will at the same time be
performing patriotic act, a needful
act. one that would meet with the food
controllers plea to increase agricul-
tural production and assist in reducing
the deficit of 20 million bushels Of
wheat reported by the controller.
In addition to The vacant lands in
the United States which should be
| brought under cultivation, Western
Canada offers today the greatest area
of just the land that is required, and
at low prices-prices that cannot last
long. Even now land prices are in
creasing, as their value is daily bec0m-
ing more apparent, and their location
desirable.
As to the intrinsic value of land in
Western Canada, hundreds of concrete
cases could be cited, which 90 to
prove that at fifty and sixty dollars
| per acre-fgures that have recently
been paid for improved farms - the
crops grown on them gave profit OF
! from twenty to thirty per cent and
even higher. on such an investment
One instance, is that of a young Eng
| Hshman, unaccustOmed to farming be-
fore he took his seat on the suky
| pillow with which he does most of his
work, after allowing himself $1,000 fl
his own wages last year, made a profit
of 81, 200 on a $4,000 investment. His
total sales amounted to $500 and his
expense, which included the $1,000
wages for himself, was $500. The
interest was 111a per cent.
To the man who does not care 10
| buy or who has not the means to pur-
| chase, but possesses wealth in his own
| hardihoOd, his muscle. and determine
ton, there are the thousands of free
| homesteads of which he may have the
| pick on paying an entry fee Of ten
| dollars. These are high class lands
and adapted to oil kinds of farming.
Send to your nearest Canadian Gov
eminent Agent for literature, descrip-
tive of the splendid opportunities that
| are still open in Western Canada. ADV.