The Algona Upper Des Moines from Algona, Iowa on March 8, 1938 · Page 15
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The Algona Upper Des Moines from Algona, Iowa · Page 15

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Location:
Algona, Iowa
Issue Date:
Tuesday, March 8, 1938
Page:
Page 15
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tt» Aigon* Upper lies Homes, Algona, Iowa, March6,198S Ahead is Good Advice <|B^^^^P? ? '^WWlfW* W*P TJ£* „.,_ .... J. •- -t— * _^-^^L^ fVJ* to make the Mbam on _. . as creat as it was to mfff for one thing, the develop*n*Bt a Iowa and tte general raoog- tttiott of the fluality of the land resources of the state has made Investors willinE to take a tower re- torn than they would to WOO. For another thing, interest rates to general are much lower than they ware in 1MM. Land values toad to follow farm prices and farm income deady. but they lag a yaar or more behind. Farm income provides the basis for purchase of farms by farmers. A year at more of food income is necessary not only to provide the down payments tout alao to furnish the psychological impulse for buying of farms by farmers. The slow-moving, molasses-like action of land prices is in contrast Offer4-H Club* to tbe action <rf prices of-corpora- inoentivea offered for the first tionatocks. Corporation shares are bought and sold with day tuypenons not interested in the porchase to the majority «f In- about the . to SM8. to i wareVaure enough about _______ to *»•* !•** purchase. MM* OTMfbod* Xstt the aame as y«s4ia,aad that* why tend prices w«*a«1ow. H you «re intereBt- *d IB Mpmga farm SMW, let's look «t ttelact*, get them out where The vriee *f farm land depnds on what laad buyers think of the f u- «Bia. tfcuaUy what they think of ane to determineo largely Is aappsatau; at the pres- 3*B, the blanket of pes- in an eraggera iflfjl 4* tfce actoal conditions, which AM* toad enough. When farm in- the opposite oc- id valaws were of the unusual «t the time. This proaperoua is not typ- The stock evid- <Owt 90tat. The longer the «r prosperous period con- Creater will be the jmsatao to land prices. psar aiipe away, another «f doubting Thomases will tote the camp aae wto believe we have been (or dropped) to a new, perm- teval of prices and incomes. parted lasts long enough, as VMM, there will be few who «M the low price period ta- in to get unduly mm times and un- In depression per- Sates Are Lower not land values declin- ataaces is for investment only, many times in the h«9e of a «uick profit. Barms are teas readfly bought and aold, reouire some management from the owners, and are not standardixed are susceptible of being aplit op Into small units like afeare* of stock. Thus, while corp- OKtion stock prices fluctuate violently in response to changes in the anticipated income of the companies, farm land values rise and (all slowly, a year or two or more to the wake of changes to farm income. At the beginning of 1988 land values to Iowa are about the same -as they have been for the last two Landscape Four-H clubs or the state are go- tog to with new enthusiasm for beauty— and more than skin deep. It Is planting and landscaping their home grounds. Many fine examples of what dab members can do may be throughout the country. They are guided in the work by plans asd outlines supplied by the State Extension Service which are designed to give the most lasting and attractive effects. The outlines are distributed by county agents and local leaders. Over 160,000 boys and girts carried on such work last year, which is expected to be increased through Things to The man who is considering buying a farm must, as we have said, look into the future. Will this particular farm support its valuation 10 years, 30 years from now? Will farm prices and farm income be high enough to enable you to pay for your farm? These questions involve a lot of guess work. Anything can happen hi 90 years. Bat a surprising proportion of the questions involving land purchase are answerable in near-definite terms. You can tell pretty well, for Instance, what the physical producing capacity of the farm is. Differences in depth of soil, fertility, climate, location in relation to markets and roads, topography and other factors can be measured with reasonable accuracy. No two farms are exactly alike. The purchaser of a farm is faced with the difficult task of determining what is a reasonable price for the particular farm in which he is interested. He must know the general value of farm land through the state, as well as values in the locality of the farm. Further, he must know how the farm in question compares with the average, This is important. Failure to differentiate adequately between the value of farms has caused many a loss to buyers of farms in the past. Many farm mortgage lenders have taken losses because of overvaluing farms in making their loans. Attention Tenant Farmers I want to contact tenant farmers who want to rent farms for the season of 1939. It is not too soon to begin planning now. If you contemplate moving or are not sure of a farm for 1939 come and see me. I have an arrangement where I can be of service to tenants and will do what I can in procuring farms for tenants who have sufficient livestock and equipment. Edward Capesius - Heise Bldg. Telephone 390 Algona, Iowa time tat (be National 4-H Home Bsautification Contest. It provides a gold medal for the dub member malting the best county report, and a ISO cold watch for the best showing to the state. The clubster rat- tog highest to each extension •action receives a trip to the forthcoming National club congress, and the best of the four wins a $300 scholarship, which is given with all other prices fey Mrs. Charles R. Walgreen, of Chciago, nationally known garden club enthusiast SEEDS« . —We cany a complete stock of farm and garden seeds. —Come in and inspect our seeds before you buy. Everyone wants to see what he is getting for his money. —Our price and quality cannot be equalled. We can supply you with the best grades of seed at a lower cost than you will pay elsewhere. —We will be glad to show you our seeds without any abligation to buy. Come in and leave your order before the supply runs low.* Algona Produce JOHN DREESMAK Phone 9 Dealer in All Farm Products and Needs WfffrxfffiyiM^^ Plan to Boy Your Farm this Year While Land Values are Low in Proportion to Farm Income. Numerous factors indicate an increase in Land Values before long *o 'so 1910-14*100 The above graph was prepared by Iowa State College economists, and shows that land values in Iowa ordinarily follow the trend of farm income; but frequently they lag behind it several years. This is the case now. Land values are proportionately lower than farm income in the state of Iowa today. NOW IS THE TIME TO BUY." "Iowa has Vi of all the Grade "A" farm land in the United States." Buy an Iowa farm, while the getting remains good. We Have Many Choice "Buys" On Our Lists; Among Them 240 ACRE FARM, best Iowa soil type we have; with complete set of buildings; on gravel road with many advantages of location. $4,500.00 by March 1, 1939, will buy. Moderate down payment; balance on very favorable terms. A real bargain. Sec us for full details. 160 ACRE FARM, close to Whittemore; one of the choicest in Iowa, as to soil, has improvements worth well over $15,0004)0. An ideal farm hem: in a fine, thrifty community. Already "financed" in part with "Government Loans." Owner will sell for $165.00 per acre; is willing to consider a smaller, improved 80 acre farm in part payment. See us about this, in detail. ONLY $1,000.00 "cash down" and W.500.00 by March, 1939, will buy an improved 236 acre farm, not far from paved highway 169, and only 4 miles from Algona. A mighty good "buy" for a dairy, live stock and poultry farm. 160 acres can be cultivated. See us for more details. Come in, soon, to talk over your wants with us. Our contacts give us access to all types and sizes of Farms that are for sale today in Kossuth and Adjoining counties. Some in other states. Let us help you find the Farm you want. We Handle Government Loans H. D. Hutchins Insurance and Beal Estate * E. State Street, Algona, Iowa Over Barry's

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