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.