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Further Drop In Farm Land Values Seen
The Bureau of Agricultural Economics forecast a continued fall in farmland values in 1950 with the index at 167 percent of the 1912-14 average on Nov 41 1949. California Tennessee West Virginia North Dakota South Dakota Nebraska and Arkansas show the largest declines while Minnesota Illinois North Carolina Florida and New Jersey hold July levels. Government programs are expected to cushion declines but area effects vary with crop types and price supports. Banks tighten credit on land as funds for farm purchases shrink.
MENTIONED IN THIS ARTICLE
Washington
Bureau Ofgricultural Economies
Pacific Coast
California
Tennessee
West Virginia
North Dakota
South Dakota
Nebraska
Arkansas
Minnesota
Illinois
North Carolina
Florida
New Jersey
Bureau