Value of State's Farm Land Increases 20 pet.
Pennsylvania’s index (1967-
100) of farm real estate values
per acre as of March 1,1973 was
201, up 20 percent from the March
1, 1972 index of 167 according to
the Economic Research Service,
U. S. Department of Agriculture.
This percentage increase was the
HIGHER INTEREST RATES ON ALL SAVINGS
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second largest in the nation,
exceeded only by the 21 percent
increase in the Wisconsin index.
The March 1 index also signaled a
16 percent rise from the
November 1, 1972 index of 173.
Nationally, farm real estate
values per acre rose 13 percent
NOW AT FULTON BANK
2%-YEAR
01/2%
mmm
$lOO MINIMUM
CI/Z D lo
NO MINIMUM DEPOSIT
* Effective August 1
■Kill
4-YEAR MATURITY • $l,OOO MINIMUM
FULTON BANK
SERVING LANCASTER AND DAUPHIN COUNTIES
during the same period to 150.
The sharp increase for the year
continues the acceleration of the
rate of increase in values that
began in late 1971, following a
-period of tight credit conditions.
In the March 1 Farm and Rural
Land Market Survey, 62 percent
1/2°/o
MEMBER FEDERAL RESERVE SYSTEM / F D I C
of the reporters said that the
number of people looking for
farm real estate had increased.
This compares with 46 percent
holding this opinion in March
1972. Generally these reporters
believed that the number of
farms offered for sale had not
mmm
iElill MM
MONEY DEPOSITED BY 10TH OF MONTH
EARNS INTEREST FROM IST OF MONTH
Lancaster Farming, Saturday, July 28,197:
1-YEAR
r
$lOO MINIMUM
S'
* Effective August 1
changed greatly, but that the
mber of actual transfers
increased and that these ti
sfers had occurred at prices tl
were up sharply from a y«
earlier.
xxxx
In 1971, farm prices were up
percent while food prices at i
store increased 3.0 percent.
'3 —!
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