The herald-advance. (Milbank, S.D.) 1890-1922, 1918-01-18
TWO DOLLAR WHEAT
This Price viii Hold For Some
Years.

a Wen ADVISED COmN0efciut AUS NV
gives 1t as his opinion, ''as a e94W.
descent may be counted on In inc
prices for grain when the war ends
1t may take several years to rcs6Dro
the worlds stock Of foodstuffs to n0r-
mal-there is good ground for cQnd-
dencc in the outlook for rapid devet-
opment in agriculture"
If this be correct, it follows that
the profession of farming will mate
rally increase its ranks in 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 ut S2.2l. This, OF course
is less freight and handling charges
which brings the average to the f;irn-
crs at about $500 per bushel. This
price will pay 50 long rs land. nilte-
rial and labor can be secured ut TEA
Sunablc prices. 1t remains for the
wonld-he producer to ascertain where
he can secure these at prices that will
make the production of grain pcn1t-
able. He will estimate what price he
can afford to pay for land that wilt gile
him a yicld of wheat which when sold
ut 500 per bushei. will return him a
fair profit. Local and social condi-
tions will also enter into the cOnsidera-
ton. Finding what he wants he would
be wise to make his purchase now.
Land prices in am portions Of the
country are low. certainly as low Rs
they will cvcr be. City property anil
town property will luctuate, but farM
property will hold its " The price
of grain is as low as 1t will he for
some years. Therefore it would be
well to look about, aud 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, Mt reasonable prices. If the
would-bc buyer has the time to inves-
tignte, and that is needed, for these
lands do not exist In any considerable
area, he would be well 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 n patriotic act. Il needfil
net, one that would meet with the food
controllers plea to increase agricui-
tural production and assist i'm reducing
the deficit Of Is 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. ana
ut low prices-prices that cannot lust
long. Even now land prices arc in
creasing, as their value is daily becom-
ing more apparent. and their location
desirable.
AS to the intrinsic value of land
in Western Canada, hundreds OF con
crete cases could be cited. which 60
to prove that at fifty aud sixty dollars
per acre-fgures that have recently
been paid for improved farms-the
crops grown On them gave a profit OF
from twenty to thirty per cent and
even higher, on such an investment.
One Instance. is that of a young Eng-
lishman. unaccustomed to farming be-
fore he took his seat on the sulky
pillow with which he does most of his
work, after allowing himself 1000 Tor
his own wages last year, made Il profit
of 5000 on n $4,000 investment. His
total sales amounted to $500 and his
expense, which included the $1,000
wages for himself, vas $500. The
interest was liz per cent.
To the man who does not care to
buy or who has not the means to pur-
chase, but possesses wealth In his own
hardihood, his muscle. aud determiun-
ton, there are the thousands Of free
homestcads Of which he may have the
pick on paying IN 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.
Accounting for It.