Sire Summary Brown Swiss 167037 DR 3 DGE Vlt'..' COi/f 1 NAT ICN 167D61 HERMIT HAVEN S D J SUNSHINE 16706 S STONE BEAUTICIAN PRiNCE 167717 COVENTRY LEGEND Milking Shorthorn 31177 Q f" NN DUKE CAR U S 31 ''993 VOLGA-b EC LO VLI'U'E 33E S 3 c U OF MlNim MAJESTY i-ARLTN 338091 U OF MINN DARA S i-D VENT CACoEO .LDWOOD D'S RLE KING 2D 345C36 o OF MINN OLD CAD COR 50 VALLEY VIEW JE H PROMISE 34D7E2 PINESEDGE CAES P 353738 KNISFAIL uEAN'S PREMISE 368AG6 RED CEDAR DAN 368707 KCRNCREST PACESETTER Red and White 7322 HiNOVER-hILL TRIPLE THREAT FREY BROS. MANUFACTURING R.D. #2, Quarryville. PA 17566 717-786-2146 ALSO AVAILABLE • Farm Gates • Free Stalls • Hay Banks • Silage Banks • Stock Tilt Tables • Block Chutes • Portable Loading Chutes • Sque Chutes • Head Gates • Custom Stee! Prod • Self-locking Head Locks SEND FOR FREE CATALOG SPECIAL PRICE ROUND BALE FEEDER 26 +I4J2 ' 1 M >7 33 '3 46 + 1111 + 1700 on our (Continued from Page C 26) 08 +4B +162 - 12 +46 +166 - 08 +l2 +52 + 15-2 + 53 1 04 +25 +B4 + 750 + 1 56 1 + 11 +O9 +2OO - 01 +34+111 +Ol +8 +152 + 933 +1 2o 6 + 10 +27 +69 - 03 +5O +165 + 03 +27 +B2 + 4C 4 + 1 4 <,7 + 652 - 05 +’s +56 - 01 +.6 +52 - 04 +2t +74 + 52 9 + 4-2 + 67 5 + 01 +42 +132 + 03 +66 +205 + 02 +9 +23 + 15 1 x\ ■'"tiiim^n Farmland price slows, sales activity seen dropping LANCASTER Activity in the farm real estate market is expected to decline this year, primarily due to the combined effects of high interest rates and tight credit during the first half of the year, along with the recession and the decline in net farm income. During the survey year ending Feb. 1,1981, the price of farmland is likely to in crease between 5 and 10 percent—well below the 13- percent average rate of increase over the last 10 years. For the first quarter of 1980, the Federal Reserve Banks of Chicago and Kansas City reported a slow to-negative growth m far mland values. Farmland prices m creuMk an average of 15 percent during the year ending February 1, 1980, slightly above the 14-percent general inflation rate (in crease in the Consumer Price Index) for the same period. The size of the average farm increased from 449 to 452 acres m the 48 contiguous states, and the value of the average farm increased from $251,000 to $290,000. Just 5 years ago the average farm size was 426 acres and the value was only $114,000. incaster Farming, Saturday, August 2,1980—€27 The average acre ot farmland is now worth $641. The state averages reflect land quality and the in tensity of use, ranging from $ll2 an acre m New Mexico to $2400 an acre in New Jersey. The total value of farm real estate was $668 billion on February 1, up $B4 billion from a year earlier. Building values accounted for fill billion or 17 percent of the total value. During the survey year ending Feb. 1, 1980, the average price of farmland mcreased most in Louisiana, up 29 percent, and Maryland, up 25 percent. Alabama, Arkansas, Mississippi, Missouri, and California also showed gams of 20 percent or more. Farmland prices mcreased by less than 10 percent m 13 other states. The slowest rates of increase were generally found in the Northeast and Appalachian regions The total number of farms fell one percent during the survey year, compared with a 1.6-percent decrease during the previous year. Farm enlargement con tinued to account for 63 percent of all farmland purchases. nse The number of farm transfers was unchanged from the previous year’s level at 85,600, while the rate of farm transfers increased slightly to 40 tracts per 1000 farms. The tight credit situation m some areas of the country in the first half of the year and the decrease in net farm income are ex pected to reduce the rate of farm transfers m 1980. A record-high 91 percent of all farm transfers during the survey year were credit financed. Sellers and Federal land banks dropped their market share by providing only seven percent of the credit, compared with 10 percent last year and 15 percent the year before. Transfers of farmland expected to remain m agricultural use five years after the date of purchase remained around levels of recent years, accounting for 82 percent of all purchases, 89 percent of the total acres, and 88 percent of the total value transferred. Expected use as a rural residence continued to be the most cor" non form of competition, accounting for eight percent of the pur chases. For most uses, the average price per acre for tracts under 100 acres was at least twice as high as the overall average price. Cash rents generally continued upward, but in most of the states surveyed, the rate of increase failed to match the rate of inflation. In most states the ratio of gross cash rents to land nnces continued to drop.
Significant historical Pennsylvania newspapers