THE YOUNG FARMER 



should exert himself to develop such inter- 

 est in his community, both for his own ben- 

 efit and that of his neighbors. 



There are two classes of farms for which 

 the purchaser is in danger of paying too 

 much, one on which there are extensive im- 

 provements and one on which there are 

 none at all. A farm with just barely enough 

 improvements for the conduct of the type 

 of farming it is proposed to develop can 

 usually be purchased most advantageously. 

 The purchaser should understand clearly 

 that the previous cost of the improvements 

 has no necessary relation to their present 

 value, any more than the value of a second- 

 hand suit of clothes is dependent upon its 

 original cost. All depends on how badly 

 they are worn and how well they are 

 adapted to present conditions. The value 

 of farm improvements is not unlike those in 

 other business enterprises in this respect. 

 Their value depends upon present and pros- 

 pective earning capacity and not on former 

 cost 



No rule can be laid down as to the rela- 



