, 1923-05-17
Land Values Now
On the Up=C IT.
Continued from First Page

grade, and farming will be better and
more profitable every year from now
on. We are on the up curve again, a
curve that will take us for a continu-
Gus swing upward for perhaps thirty
years on longer. 1t may be gradual,
but it will be an up curve. and that is
the soundest and best period to enter
AS an investor. Land values have de-
flated to rock bottom. Bottom was
reached last October, and they are now
on the up curve also.
Good farming LAND will not go any
lower-it will go higher from now on.
We have noted this tendency very
carefully, and it is not local but gen
eral. The man that is waiting for a
lower price before he buys will, if he
waits much longer, pay a higher price
instead. Rates of interest have gone
down to pre-war levels. Settlements
for deferred payments car now be
made for extended time at 3 or 5%
per cent interest. Interest rates for
real estate capital Investment credit
will not go any lower than that. The
rate for commercial loans has been go
ing up steadily the last month, and if
business continues good this spring
and summer there will be a greater de-
mand for money at higher rates.
There is every reason why one who
wants "A fam, should buy now. There
should be "A general revival of farm
land business this year. Land is on
the bargain counter just now, but it
will not stay there long. The long
headed careful investor will buy now
and take advantage of the present sit
uation. The one who waits will pay
for it in higher prices for the land, and
may also pay n higher rate of interest
on deferred payments.
There is only one crop of land. Our
population is growing all the time,
and the demand for our good lands
will be keen. Ten years from now
those who Owl a good farm will be
fortunate indeed, and will occupy an
enviable position. 1t will be difficult
] to secure Il farm then. Only those who
have capital can hope to become n land
lord, except by inheritance.
Never again in the history of our
country will there be such an opportu-
nifty to acquire a farm home on good
land in happy surroundings. Those
who see this and act now, and take adj
vantage of this opportunity, will have
good IL to rejoice. and their chill
dren after them. Fam operating
costs will come down and prices for
farm products will go up. Margins of
profit will come again to the agricul-
tural industry, and the profits will be
good.
Farming will be the best, safest and
most satisfactory business in America
within the next ten years.
1T is. therefore. the best business n
young man car look forward to. 1t is
hard TO see this now just as we are
going through the adjustment period.
but it is the thing we must see. and
plan our future accordingly. The
farmers who hold INTO their land now
will be glad when the better day comes
and ii is sure to cone soon.
ut has been hard for the past four
years, but the worst is now over and
better times are at our threshold. In
the happy and contented days to come
they will be repaid, n every hard
ship endured now will be adequately
compensated then.
My message, therefore. to the peo-
pie Of the northwest is, now is the
time to buy a farm if you want IA farm
home