The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1928-07-11
LAND VALUES DUE
FOR UPWARD TURN
Improvement in Values is Fore
cast. Local Agency Sells T.
600 Acres for 3-4 Million.

That farm land values in Minnesota
have reached the. bottom and are now
due for a gradual advance was an
opinion expressed or conceded in by
many attending the land valuation
short course held at University Farm
recently.
Tne course, the first of it's kind to
be held by the University of Mime
sofa, was attended by Is land own
ers, farm loan and insurance officials,
and appraisers from the states of
Minnesota, Michigan, Wisconsin, the
two Dakotas, and Iowa. So great was
the interest in the proceedings that
the course will be given next year
and perhaps for many years.
N. j. Holmberg, state commission
er of agriculture, and A. G. Black of
the agricultural economics division of
the university forecast improvement
in values. Income in the form of
rents, Mr.. Black said, has taken an
upward trend in the last two years.
When rentals go up one is safe to
conclude that farm land valuations
will follow, he added.
Irrespective of the value of secur-
ity," said Walter C. Dean of the Fed
eral Farm Loan Bureau, we find that
loans give trouble if the borrower is
not good farmer or lacks progress
.sive qualities. Our experience has
taught us to give more attention to
both the moral and financial risk.
The appraiser is the key man in the
business, because without sound eval-
uation in the first instance no amount
of later good management by execu-
tives of loaning organizations can
prevent delinquencies and foreclos-
ures."
Although farm land sales through
out the country have been rather
slow for a great while, this fact has
not suppressed the sale of lands here.
In the past two years the VIM. M.
Smith Land Agency has sold 7,O51
acres in "A farms, or an average OF
100 acres per farm. This business
has run in the neighborhood of three
quarters of million dollars and av-
eraged well over $4,000 per acre.
The highest price received for any of
the land sold was the F. E. Hessman
farm of 81 acres near town which
brought $17,000.00, or an average of
| $333.33 per acre.
The list of farms sold by j. R.
Keefe and VIM. M. Smith of the To-
cal agency in the past two years,
and acres of each are as fol-
lows:
L. T. White, 143 acres; C. A. Lau-,
terbach, 100 acres; Ed. Schmiesing,
160 acres; j. A. Schmahl, 160 acres;
Mrs. Terhell, 80 acres; L. H. Vough,
12O acres; r. A. Gluth, 12O acres;
Mrs. Alice Ahrens, 100 acres; j. j.
Swoboda, 80 acres; w. T. Wilcox,
320 Frank Daugherty, 800; Mrs.
Hemsworth, 80 acres; j. Johannakus-
key, 174 acres; J. Dolezal, 24O acres;
j. Dworshak, 400 acres; Henry Fang
man, 20 acres; VIM. Engle, 120 acres;
Peter Katzenberger, 120 acres; Os-
wald Mages, 320 acres.
Mike Lauterbach, 80 acres; The
Roth Farm, 160 acres; Harold Mann,
80 acres; Gotlieb Kuenzli, 41O acres;
Dan c., Mott, 100 acres; Mrs. Anna
Riordan, 160 acres; Hubert Roger, 80
acres; Mrs. Somerville, LAG acres;
Patrick O'Neil, $50 acres; Corcoran
Estate, 24O acres; Walter Moritz, 100
acres; Oliver Mattress, 80 acres; Fred
Berdan, 80 acres; L. C. Mock, 320
acres; o. s. Wyman, 100 acres; F. f.
Hessman, 81 acres; August Nell,
120 acres; F. M. Banker, 100 acres;
E. S. Nelson, 240 acres; JOS. Dusch-
ner, 180 acres; Zumwinkle Farm, 1872
acres; Harry E. Davis, 120 acres;
Antoine Macht, 100 acres; Chris Lar
son, 100 acres; Chris Gallery, 285
acres.