The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1924-11-19
Survey Shows
Minnesota Land
Sales Increase
POLL OFTWO-THIRDS OF COUN-
TIES SHOW PROBABILITY OF
BIG BACK TO FARM ACTIVI-
TY."

Minnesota's 1924 farmland sales
will total 10000, 900, with every pros
pect of doubling that figure in 1925, a
statewide report forwarded to the
National Association of Real Estate
Boards showed, according to the Min
neapolis Journal. A farmland survey
of more than two-thirds of the coun-
ties, just concluded by the Minnesota
Realty Association, was the basis of
the report.
Hundreds Of land dealers in every
county were polled on the Minnesota
land situation and more than 80 per
cent predicted an increase in buyers
with the market shaping itself for a
peak movement by spring. Farmers
in the majority of cases were declar
ed to be optimistic due to high agri-
cultural prices, and the consensus was
that "back to the farm movement"
has been started in Minnesota, pro-
missing in the next few months to take
out the "slack" in agricultural land
values for a higher price movement.
1000 Transfers Up to October
The survey of the Minnesota
land market disclosed approxim-
ately 1000 land transfers, in
volving $4,000 acres of land,
have been made here up to Octo-
Der Is.
The average price an acre has
been $75.
Carver and Martin counties
reported the top prices in the
years transactions, 1921 and
1920 an acre respectively.
An apparently growing demand for
license law for real estate brokers
in this state also was expressed in
the survey by several dealers. Others
urged a strong state advertising
campaign on farm lands to make
known to other states the rock bot
tom values and high fertility of Min
nesota land. A few dealers declared
the future of the land market here
was based upon political considera-
tions.
Survey Radiates Optimism
'The survey is certainly one of op-
timism," John F. Nichols, president
of the state realty association, said
last night. minnesota is coming
back strong, and Judging from the
trend already under way should ex-
perience one of it's biggest and best
land years in 1925. That condition
should spell prosperity for everyone
for land is the basic producer of
wealth and people prosper only as the
land prospers. Practically every
dealer reporting said sales were on
the increase which means that Min
nesota business is on an upward swing
with good times in store of every
one"
A few of the reports of counties in
this section of the state follow:
BROWN-The federal government
should not take any special action re-
garding the farmland situation be-
cause prices are good and all factors
are recovering from the recent depres-
sion, the Paffrath-Schmid Company
of Springfield, land dealers, declared.
The increased farmers income this
fall is stimulating land sales, and rs
transfers have been reported at an
average price of 500 an acre.
LAC QUI PARLE-Everything is
optimistic here, with land sales aver
aging 500 an acre and plenty of
money to loan at banks at per cent,
says Peter Bergh of Dawson and A.
j. Morstad of Boyd. Sales this year
have numbered Is, involving $500
acres.
LINCOLN-Reduce taxes as an aid
to farm ownership, urged G. j. Eller-
brock of Lake Benton. Five farms,
800 acres, have been sold this year
at $137.50 an acre.
LYON-A demand for small farms
was noted by B. B. Gislason of Min
neota, who reported four transfers,
involving total of 800 acres. The
average price was $124 an acre.
YELLOW ACKNOWLEDGEMENTS
the states corn lands, urged A. d.
Allen of Candy, reporting 1900 acres
transferred in the county at an aver
age price of 500 an acre.
MISUNDERSTANDING is one
remedy for the market now, wrote
Charles O. Gilfillan of Morgan, re-
porting Is sales involving 1000 acres
The average price was 500 an acre.
George Bendix of Vesta said plenty
of farm loan money was available.
RENVILLE-There have been six
sales in the vicinity of Renville, G. N.
Nelson reported, with 1000 acres in
volved.
MURRAY-Two sales were report
ed here this year by p H. Harring-
ton of Slayton. j. S. Talverson of
Fulda reported four sales. The low
est price for the 1900 acres trans
ferred was $50 an acre.
MANUFACTURING interest on farm
loans to per cent should receive the
support of the government, wrote E.
D. Alton of Ceylon, arguing that it
will put farming on solid footing
again. Fifteen farms were sold in
the county this year at an average
price of $3.50 an acre.