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Newspaper
Big Piney Examiner
Location
Big Piney, Wyoming, United States of America
Date
Jun 29, 1944
Page
2
War return prompts neighbors and tenants to buy farms as land values rise. Purchases surge in Indiana Illinois Iowa, with city investors and war workers buying land to hedge against inflation. Farm debt declines then upticks as buyers finance larger units and new owners emerge across the countryside.
The piece notes land prices jumped about 18 percent with farm incomes strong and credit easy boosting speculative buying in the Midwest. It cites possible federal controls, taxes, and credit limits as drastic remedies while warning of a repeat crash and urging careful consideration by farmers before action.
Reports from 500 country bankers show land prices selling above normal in the Seventh Federal Reserve District. The district includes Illinois Michigan Wisconsin and northern Indiana and parts of Minnesota.
The New York State Rural Policy committee warns 900000 state residents will leave the armed forces and 300000 from war industries when peace arrives. If 75,000 pursue farming, many risk buying submarginal land, inflated farms, or unsuitable areas. Committee calls county agricultural defense groups to aid veterans in making sound investments and becoming productive citizens.
The German withdrawal in France left large quantities of equipment behind and many mine markers undisturbed. Allied troops found several markers still in place as they advanced, indicating abandoned defensive positions.
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