Evening star., 1924-11-29
FARM SALES SHOW
|. HEAVY INCREASES.
Regained Confidence Re-
flected in AZ Per Cent Squirt
/ in 1924 Over Last Year.

The number of farm sales made
In 1924 shows an increase of AZ per
cent over the number in 1928 ac-
cording to a national survey of the
farm land market which has just
been made by the national associa-
tion of real estate boards. There
mas been an increase of Al per cent
IN the number of acres sold and an
increase of 65 per cent in the total
consideration paid for farms pur-
chasSd
How far the feeling of confidence
has spread is indicated by the fact
that s5 per cent of the replies to
the associations auestionnaire indi-
cate a market which is more active
Lhan last year or equally active.
only Is per cent replied that the
market is not SO good As to the
future the outlook Is almost unani-
mously optimistic. Basing their con-
clusions upon the increase which has
come in the price of farm products.
81 per cent of the dealers reporting
anticipate a livelier market during,
the Winter and the succeeding season
than has been prevalent during 1924.
Prophecy Was FuIalied.
Conclusions of the present survey
bear out the forecast made hv the
land prices nationally had reached
the bottom and were destined for an
upward climb. The rapid recovery
of the price of farm products : ring
the Summer hastened this d y 1p-
ment. Eighty-eight per cent h.,
present reports Indicate that rrA IS
are either stationary or up. Several
counties in which there had been
almost no sales in 1923 have reported
a market which is assuming normal
proportions.
The greatest activity in farm SELL
ing is reported in Central States. in
cluding the great corn and wheat
belts of the Mississippi Valley. Here.
along with bettered prices for live
STOCK, wheat and corn, there has been
another factor working for a quick
recovery of the farm market That
IS the feeling prevalent among both
farmers and farm land dealers that
the def1ation which entered into the
price OF farm lands in 1919 and 1920
is complete.
Extremity of the def1ation is shown
by the fact chat current prices for,
farms in this section are reported as
much as so per cent below those re-
ceived in 1919 and 1920. That it is
now complete is evidenced by ascend
ing prices. Sections reporting no
change in prices are most uniformly
the older farming regions. Here there
has been no change since 1919-l920.
Regions Recording Advances.
Kansas, Nebraska, Minnesota and
the Dakotas report the most out
standing improvement, with some
sections Of the South and Central
Eastern section following closely be-
hind. increase in sales has been most
nrnnnIInpn6 fro zfa
North Central and Pacific States, and
in Canada. There has also been a
noteworthy advance in some of the
states of the Great Lakes region.
The North Central States show an
increase of 81 per cent in the numbe r
OF farm sales, am increase of 49 per
cent In the number of acres sold, and
an increase of 4S per cent in the con-
sideration paid. The Central Eastern
States, with an increase of only 2I
per cent in the number of sales, show
an increase of 33f per cent in the
number of acres sold and an increase
of 207 per cent in the consideration
paid. The Southern States show an
increase of 220 per cent in the num-
Der of sales, an increase of per cent
in the number of acres sold, and an
increase of 40 per cent in the price
paid.
The Great Lakes section shows an
increase of % per cent in the number
OF sales, an increase of per cent in
the number OF acres sold. and an in
crease of SO per cent in the consider
alton paid. The Pacific States show
an increase of 32 per cent in the
number of sales and an increase of
242 per cent in the number of acres
sold, and an increase of "a per cent in
the consideration. The Mountain sec
tion shows an increase of per cent
in the number of sales, an increase of
% per cent in the number of acres
sold and an increase of 8 per cent in
consideration paid. The North At
lantic States show an increase of 5
per cent in number of sales, an in
crease of As per cent in the number
of acres sold and an increase Of so
per cent in the price paid.