Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1918-01-17
TWO DOLLAR WHEAT
This Price Will Hold For Some
Years.

a Wei 'tuFiSsH COH!IlieTcIal authority
gives it as his opinion, "as a slow
descent may be counted on in the
prices for grain when the wal ends
1T may take several years to restore
the worlds stock of foodstuffs to nor
mal-there is good ground for conf
opment in Agricultural"
If this be correct, it follows that
the profession of farming will mate
rally increase it's ranks il the next
few years.
Today. the price of wheat is set by
the United States government at $500
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. This
price will pay so long rs land, mate
rial and labor can be secured at rea-
sonable prices. 1t remains for the
would-be producer to ascertain where
he can secure these at prices that will
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 him a
fair profit. Local and social condi-
ions will also enter into the consilera-
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 as
they will ever be. City property and
town property will nuctuate. but farm
property will hold it's own. The price
of grain is as low as it will be for
some years. Therefore it would be
well to 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
yalle-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 he
performing a patriotic act, Il needful
act, n that would meet with the food
controllers plea to increase agricul-
tural production and assist in reducing
the deficit of 70 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 bccom.
ing more apparent. and their location
desirable.
As to the intrinsic value of land
in Western Canada. hundreds Of ron,
crete cases could be cited. Which &c
to prove that ut fifty and sixty dollars
per acre-!igures tiiat have recently
been paid for improved f~srns-tht
crops grown on tl,eln gave :: profit ot
from twenty to thirty per cent ard
even higher. on such an investment.
One instance. is tha cf 4 youum Eng
lShiiIan, unaccuStomcd To f:}rming lie
fore he took his seat ON the >'l!ky
pillow with which he dne> most of hi.
work, after allowing himself $1,000 for
his w wages last year. made n prof"
of $1,000 on y $4,000 investment. Ills
total sales amounted 10 $500 and hi.
expense. which included the $1,000
wages 1rr himself. WAS $500. The
interest was liz per cent.
To the man who Toes no care t.
buy or who has not the means to pur-
chase, but possesses wealth in his ONE
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 ter
dollars. These are high class lands
and adapted to all 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,
Instinct of the Profession