Word: farmland
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Dates: during 1940-1949
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...Farmland values have risen more sharply within the past year than for more than 20 years past. Most of the increase has occurred since last November. OWI, reporting this, said that things are not yet out of hand: despite the past year's overall jump of 9%, per-acre values are still just below the 1912-14 average. But the steepness of the rise is cause for alarm...
...last time the farmland value line took a perpendicular upward direction it finally went through the roof. Many a farmer is still in hock because he forgot then that what goes up, etc. On the awful 1921-35 toboggan the average value of a U.S. farm nosedived from $10,284 to $4,825; some 85,000 farmers hit bottom and went through the wringer in the '30s. But this time there are indications that the U.S. farmer does not yet need to be reminded of those doleful years. Most hopeful contrasts between now & then...
...large only he knew-of the precious tanks, planes and war equipment which he had been hoarding for years against the Nazi attack. Gone was roughly one-third of Russia's industrial capacity, on which he depended for replacements. Gone was nearly half of Russia's best farmland...
Though approximately one-fourth of Russia's 240 million acres of farmland had been overrun by the Germans, there were about 40 million fewer mouths to feed (those left in occupied areas and those who had died). Final harvest figures were far from complete, but they seemed the best in years, assuring Russia of at least as much food as last year. Beamed the Moscow News: "The Soviet countryside succeeded not only in coping with the increased state plan for grain, vegetables and industrial crops, but also in topping it on a scale in excess of the most optimistic...
...Department of Agriculture revealed that U.S. farmland values had increased by $2,360,000,000 during the last year. Sharpest rise in almost a decade, it still left total farmland values at $36,000,000,000 v. 1920's World War I-ballooned figure of almost $55,000,000,000, and represented a rise of only 7% v. over 40% for all farm prices. Most farmers still remember the licking in land that they took the last time...