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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Dec 05, 1968
Page
5
Washington AP reports Agriculture Department figures show nonfarmers increasing their land purchases, though farm land yields average 8.3 percent annual growth since 1950. Land value rises tempt investors despite higher stock market gains, with about one third of recent year land buyers nonfarmers.
Dan Medillister of the American Soybean Association told North Central Week Control Conference that 1968 soybean profits outpaced corn, signaling possible 1969 acreage shifts. He warned of a 1.2 billion bushel soybean carryover by next September and discussed measures to create new uses and markets domestically and abroad.
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