The daily star-mirror. (Moscow, Idaho) 1911-1939, 1919-08-26
UPWARD TREND OF LATAH
FARM VALUES CONTINUE
Continued from page ~

|
familiar with this country for abou
} three years, and land has made a 81
to 40 per cent gain in that time. Il
was about $85 to 80 an acre three
} years ago. The average price of i'm
proved land at the present time is SIZE
an acre. / think land will go up from
$3.50 to $175 an acre in the next
three years. / do not look for any
slump in land for the next three
months; but the biggest boom it has
ever had in the next year. Many local
people will buy land, and some will
come from the central states"
Robert Otness, who is very active
in showing and selling farm lands,
said: ~ have been familiar with this
country for 16 years and have lived
here 80. Some land has doubled more
than five or six times during that
period. About 16 years ago land
sold for about SIS and $40 an acre.
/ think the average price for i'm
proved farm land now is $125 an
acre. I think land has a chance to go
up all the time and how high depends
upon location. do not think land will
go down for the next five years and
perhaps never. The Palouse belt is
not large enough to have land go
down. I think wheat and farm pro-
ducts will not go below the price they
are at present. | look for a big i'm
migration coming this fall as / have
had many inquiries from Minnesota
and the Dakotas, where crops were
ruined by the wet weather. Lots of
buyers will be in from the central
states; but most will be local buyers"
J. S. Heckathorn, cashier of the
First National Bank, said: 81 have
been familiar with this country for
about six years. Farm land has in
creased in that time about 33 1-3 per
cent. The average price of improved
farm land at this time is about 500 |
an acre. l expect land to go higher.
1 do not look for any slump in land |
values nor any decrease of farm pro-
ducts for at least year and | do not
think the decline after that time will |
be very great. Most of the land up
until winter will be bought by local
buyers. Some will come from the /
central states, but / don't look for
many"
j. l.. Naylor, pioneer farmer, adds
these opinions: 81 have lived in Latah
AZ years. In that time land
has doubled II times. | consider $40
to be an average price per acre of
land now l certainly think
land will go much higher at least
double. Farm products will not de-
crease to any extent during the next
few years. There is a steady increase
in farm lands all the time and buyers
will come from both home and
abroad"
William Hunter, who has been
operating in this country for thirty
years, is as optimistic as all the other
and dealers. He says: "When / came
1ere land Sold for $40 to $40 an acre.
consider the present going price to
De $125. | believe that it will increase
n the next ten years at least five
per cent year. Maybe there will be
a standstill after the price of wheat
S once more below the dollar mark
per bushel. But do not look for any
recession in the price. We have re
,eived lots of inquiries lately with
reference to purchasing land. Our !
vest buyers are always the home peo- /.
,le They know the land well and I
hey have plenty of money. Most of
he sales we have made were nearly |
III cash. This fall the banks will be
ul1 of money, and it cannot be profit
bly, employed anywhere so well as in
'uying land, 20 look for a great
ctivity after the crops are Sold,
H. Melgard, president of the First
rust & Savings Bank, said: 81 have
wed here for. 3 wears and land since ! =