Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1921-09-19
Tobacco Land Prices
(COurier-l Ournal)

\Sotil lCl -1otli lIdl
+ Supporters of the plan to mar
ket tobacco comparatively who
express the opinion that the
adoption of the plan will steady
and advance land values in the to-
bacco counties make a reasonable
argument.
\ A tobacco planters plant, in the
business sense of the term. is {
farm and its equipment. His
equivalent of factory operative:
can be procured year after year
He must find his proht-his rea-
ison for operating his p1ant-ir
finding a market in which he car.
can sell what lie produces formort
than the cost OF production. L
he is without q fair chance in tho
market he is in the situation of
manufacturer who has a complete
equipment for producing a cost,
article or commodity. but is with
out means OF selling his produce
upon basis that warrants Tho
operation OF the plant.
A good deal of tobacco land il
1.-THE white hurley district wa
bought high during the war
Some of it was bought too higf
but the demoralized state of TIL
tobacco land is due to demorali
cation of tobacco prices in a mar
ket in which the planter has not
fair chance rather than to the fac
that land was not bought conse1
vatively.
Kentucky planters who bougl
more land than they could pay fc
in cash and who have witnesse
their equity shrink, but with Ian
on their hands that cannot be sol
save at sacrifice are in a dilemma
not SO. much because they pa;
too much for their land as be
icause there IS too little prospec
underHthe olefSmarketing plan, t.
get regularly fair price for to
bacco.
The adoption of the plan of co
operative marketing woul
steady the value of tobacco lanI
and simplify the problem Of tn
painters who are in difficulties be
cause their land notes are larg
their interest high and their hop
of profits slender.
A factory without a selling or
ganization is, so long as it re
mains without the selling organ
ization, bad investment to hole
1t is poor investment to CONVEX
into cash unless a buyer is fount
who will undertake to organize
the selling end of the business
No individual can organize the
selling end of a plant consisting
land and equipment which pro
duces tobacco. Only by organi-
cation of growers can organiza-
ton of the selling end be effected
When it is asserted that Ken
lucky tobacco land during the
war brought ridiculous prices
the assertion cannot be based up
on anything but .acceptation Of
the old plan Of selling tobacco as
the permanent plan. Where sell
ing is organized, as for example
in California prune, raisin anc
citrus fruits regions. the acreage
prices of productive land are such
that the war prices of Kentucky
tobacco land 90 not seem "ridicu-
lous."
| If tobacco marketing were up
on a basis of assured profit for the
producer of every crop of GOOD
quality tobacco land prices which
seemed unreasonably high wher
they were paid during the wal
would seem reasonable.
Reasonable, buyers always will
buy and reasonable sellers always
will hold farm lands at prices rel.
alive to. the returns upon opera
ton, which may be counted upon
reasonably. For many year.
Kentucky tobacco lands haveAsolt
at much less than they would
have been worth had a fair an
nual profit on good tobacco beer
assured.
L. p. Evans Insurance Agency
IL Continued I'm Offices at anne