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Newspaper
Ismay
Location
Ismay, Montana, United States of America
Date
Dec 29, 1909
Page
8
The Stockgrowers Journal notes distrust of distant land purchases and praises investing in observable land near home. It argues urban and rural residents should seize opportunities to buy land they can see rather than unseen parcels described by others.
Montana can become a major grain state through dry farming. Experiments show winter wheat yields of 52 to 60 bushels per acre on dry land with careful moisture conservation and summer fallowing. The vast bench and eligible lands near the Canadian border could yield large crops if farmed dry. Government land offers 160 to 320 acre homesteads to encourage settlement and development.
Dr. T. Lakin, after returning from Seattle, reports intense interest in Miles City and Western Montana land among buyers seeking profitable investments. He says numerous conversations revealed excitement over the large amount of public land open for development.
Market observers estimate the 1910 Montana wool season will offer prices at or above the previous year as buyers prepare to contract the 1910 clip. London sales show strong positions by sellers, with Argentina and Southern Hemisphere outputs shaping supply and a sustained demand that could keep prices firm for weeks. The outlook hinges on continued demand exceeding normal volume, with South American storage offsetting Australian expansion.
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