Current Developments In The Farm Real Estate Market Vol 41

Author : United States Department Of Agriculture
Publisher : Forgotten Books
ISBN 13 : 9780364832882
Total Pages : 28 pages
Book Rating : 4.8/5 (328 download)

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Download or read book Current Developments in the Farm Real Estate Market written by United States Department Of Agriculture and published by Forgotten Books. This book was released on 2018-03-17 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Current Developments in the Farm Real Estate Market: July-November 1960 The steady upward trend in market values of farm real estate that had prevailed with only two interruptions since 1941 came to a halt in 1960. The national index of average value per acre for November 1, 1960, remained at 172 (1947 the same as on July 1, and only 1 point percent) above a year earlier. Moderate increases of 2 to 4 percent occurred in 11 States in the 4 months ended November 1, 1960, but these were offset by generally larger declines in several States in the Corn Belt and a few States elsewhere. Iowa led the downturn with a dip of 5 percent, followed by Illi nois and Ohio with 3 percent. A similar mixed pattern of increases and decreases among the States was apparent for the 12 months ended last November. During the l2-month period, prices advanced 2 percent or more in 16 States, mainly in the South and West, but these gains were substantially less than in previous years. Some weakness was apparent in the Corn Belt States between March and July 1960, so that the total decline for the 12 months ranged from a high of 7 percent in Iowa to 3 or 4 percent in Illinois, Minnesota, Missouri, and Ohio. Outside the Corn Belt, only Kentucky, South Carolina, Maryland, and New York showed significant declines. On November 1, 1960, the total market value of farmland and buildings was estimated at billion, about $700 million less than on March 1, and $600 million less than a year earlier. In the October survey, reporters' opinions as to probable future price trends were strongly influenced by the weakness in land prices at the time. Nationally, less than 10 percent of the reporters expected prices of non irrigated land to increase in the following 6 months. In October 1959 about a fifth thought prices would continue to increase. The shift in Opinions was most pronounced in the eastern Corn Belt, where nearly half of the reporters last fall thought prices would decline, whereas a year earlier only 13 per cent held this opinion. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.