Word: farmlands
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...spring of 1942, the War Department hurriedly bought 21,000 acres of rich farmland at Rosemount, Minn. Farmers were hustled off ("Don't you know there's a war on?") before they could harvest crops already planted. In came the Du Pont Co. with a big job: to build and operate the DPC's $69,000,000 Gopher Ordnance Works...
...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...
Farm equipment and manpower shortages, gas rationing and a host of other wartime worries have put some brakes on the farmland boom market up to now. The real danger in the 1943 boomlet is that too many farmers might decide to take a flyer in land for speculation's sake and not for the land's produce. Against that psychology, if & when it arrives, the U.S. farmer's best weapon will be a long memory...
...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...