-5- 



9 



itk connection the U. S. Department of Agriculture reports that farm real 

 estate values for the country as a whole rose about 7 pe^ cent during 

 the 12-months' period ending March 1, 19^2. It is the first substantial 

 recovery in land values since 1936* Land values rose 13 per cent in 

 Illinois during the past ijqcX. Of course the government hopes that the 

 extra income '.fill go into the purchase of government bonds. 



Effects of the war upon ap:riculture in foreinrn countries . 

 Agricultural expansion continues in countries having export outlets for 

 their products, but contraction is the rule in occupied western Europe, 

 Kog production in Canada continued the expa.nsion which has been under 

 way since the beginning of the war. The number of hogs on hand in 

 Canada December 1, 19^1; i:as 79 per cent above the low point reached 

 on the same date of 193^« There was an increase of 12 per cent in the 

 number of sows bred for farrowing in the spring of 19^2 compared with 

 the srjring of 19^1. The margin between feed and hog prices still favors 

 hog expansion in Canada, 



Cuba has established higher local prices for cattle and beef 

 in order to prevent export to the United States. This was done to ore- 

 vent meatless days because of a shortage of cattle. The Argentine dairy 

 industry continued to expand in 19^-1 in response to the greater demand 

 for dairy r-.roducts from the United Kingdom and the U, S. Argentine 

 butter nov: goes to England to take the ■;:lace of imports formerly re- 

 ceived from Denmark and the Netherlands. 



In contrast Danish hog numbers are much below normal. The 

 19^1-^2 hog marketing season opened with 37 per cent fewer hogs on hand 

 than in 1939 v4ien the European war began, "^'ciq number of bred sows has 

 fallen to 5- pe^? cent below the prevrar level. The situation in Denme.rk 

 is probably typical of the countries of x^restern Europe which defended 

 upon imports of feed stuffs to sur^T)ort the livestock industry. 



