The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-03-17
LAND VALUES SHOW
CONSIDERABLE FALL
ALL OVER state
State Report Shows Mason COunty's
Land Value Decreased But
stu Far Above State
Average.

The March crop report issued by
the U. s. Bureau Of Crop Estimates in
cooperation with State Commissioner
Of Agriculture w. c. Hanna shows
that Kentucky farmers have on hand
an unusually large percentage of last
years crows of corn and oats, and
that land values in Kentucky have
fallen sharply within the last year.
The reduction of livestock feeding, the
mild winter and the decline of prices,
with slow. movement, are the chief
causes for this unusually large per-
centage of grain crops held over by
farmers.
or last years Kentucky corn crop
fifty per cent. (or 50,325,O0O bushels)
was still held by farmers March l,
1921, compared to thirty-six per cent
Of the 1919 crop Tor 29,70O,00O BUSH
els) on farms March L. 1920. About
fifteen per cent. of Kentucky's 1920
wheat crop Tor $4,000 bushels) was
held on farms March q, 1921, COM
pared to eleven per cent. of the 1919
crop (or 1,13S,000 bushels) on farms
March 1, 1920. OF the 1920 Kentucky
oat crop farmers held thirty-siX per
cen. (or 2961, 900 bushels) march /,
1921, compared to twenty-five per cent
fthe 1919 crop (2,475,OOO bushels)
held on farms March l, 1920 About
ten per cent. of Kentucky's barley
crop (or 1000 bushels) was still on
farms March 1, 1921, compared to
twenty per cent of the 1919 crop Tor
10000 bushels) still on farms March
1, 1920.
Average land values according to
reports from farmers and others
throughout Kentucky, have fallen
since March l, 1920, from $500 aver
age for improved farm lands year
ago, to $65.OO average March l, 1921,
and from $4,000 average for unim-
proved farm lands year tgo to $46
average March l, 1921. The average
value reported this spring for poor
plow land is $33 compared to SAP a
year ago; good plow land SIS COM
pared to $95 a year ago; and average
of all grades of plow land $53 COM
pared to $40 March l, 1920. AS there
have been comparatively few sales dur
ing the last several months these esti-
mated values are based partly on last
falls sales and prices at which farm
ers are now holding, as well as on re-
cent sales, these estimates being there
fore, largely visionary.
The average cash rent paid for Ken
lucky farms, where an entire farm
was rented in 1920, was reported as
1915, and the average size of such
rented farms as 112 acres. Where plow
lands alone were rented for cash the
average cash rent was 1910 an acre.
The amount of corn on farms in the
United States March /, 1921, was l.
527 1897 900 bushels compared with l.
07O ,677 900 bushels on farms March l.,
1920; of wheat O7,591,OO bushels COM
pared with 164,624,OOO bushels March
1, 1920; Of oats 6S9,566,OOO bushels
compared with 41S,9S3,OOO bushels
March 1, 1920; and of barley 69,S36,OOO
bushels compared with S6,S4S,OOO
bushels March 1, 1920.
The investigation shows that the
per cent. of the 1920 corn crop left in
Mason county is forty-six while the
per cent. Of the 1920 wheat left 1t three
and the per cent. of oats is forty-thre
The average value Of improved farm
lands in Mason county is 500. while
the average value of unimproved land
| is $500.