Word: farmland
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...price of U.S. farm land has been creeping up for 25 years, and lately the creep has turned into a sprint. On top of a 6% increase in 1964, farmland prices across the nation jumped another 6% last year, according to the Agriculture Department. In many areas, the gain was even greater. In Iowa's corn belt and Florida's citrus area, land prices have climbed 10% in the past year. Crop land in Sedgwick County, Kans., now brings $400 an acre, 32% more than it did only two years...
...from the Fringes. Farmland prices are jumping fastest on the fringes of cities, partly because speculators figure that population growth, low tax assessments on vacant land, and the growing net of federal highways will give them juicy profits. Also, inflation worries and stock-market jitters persuade some investors that land is a safer outlet. Heavy buying has lifted the price of farms near Minneapolis by 20% in the past year; land five miles from the center of Youngstown, Ohio, has quadrupled from $500 to $2,000 an acre in eight years. The city of Wichita recently paid $600 for cornfields...
...million Volta River Project will eventually turn Ghana into West Africa's major producer of electric power and irrigate 6,000 sq. mi. of new farmland. But not for many years will there be customers for all the juice it will generate. All in all, Nkrumah's reckless spending has brought Ghana as close to bankruptcy as any nation can get. Foreign currency reserves were wiped out long ago, and the nation's foreign debt now totals a staggering $1 billion, most of it in short-term loans...
...faced the tasks of presenting the respected and emulated Clutters in their farmland environment; graphing the individual backgrounds of the two parolees who systematically murdered then, for the actual sum of about fifty dollars; blending the many moods of the aftermath, and its ramifications; and recording the meaning of it all in the final confrontation between the murderers and the gallows. Not only did he have to create a simultaneity of tone and narrative in which the many active threads, biographical themes, and local vignettes would be balanced but evocative; he also had to discipline himself to a new kind...
Arthur Carlsberg, 32, of Los Angeles, has earned $5,000,000 in the business in which fortunes have traditionally been made fastest: real estate. He is chairman of Rammco Investment Corp., a Southern California land-investment firm that has shown a canny ability to pick farmland plots that later boom into building sites. Exuberant demand for choice land-which has helped send the price of housing sites in the U.S. up 15% annually during the 1960s-enables a land speculator to multiply his money in a hurry...