FARM LAND VALUES IN IOWA. 



21 



per cent from 1913 to October, 1919. However, the estimated in- 

 crease in retail prices, weighted according to the relative importance 

 of the various articles in the family budgets of urban populations, 

 was only 83.1 per cent. There is no reason to believe that the prices 

 of commodities bought by farmers have increased at a lower rate, 

 especially,, as there has been a general increase in the level of prices 

 since October, 1919. It is probable that a 100 per cent increase from 

 1913 to January, 1920, is a conservative estimate of the increase in 

 the cost of maintaining the farmers' budget of 1913. 



The same comparison substantially applies to the period from 1915 

 to 1920, for average wholesale prices increased only 3 per cent from 

 1913 to 1915. 



FARM INCOME ON FARMS CLASSIFIED BY TENURE. 



The questions to be first considered are: (1) What increase has 

 occurred in the earning power of farms as a result of increased prices 

 of farm products and other causes ? (2) Has this increase in earning 

 power been greater or less in proportion than the increase in the 

 average value of land ? 



These questions may be answered by comparing the increase of 

 farm incomes with the increase of land values for the corresponding 

 periods. By farm incomes is meant the difference between the farm 

 receipts and expenses for the year, plus any gain or minus any 

 loss from inventory. No deduction is made for the interest on the 

 capital employed or for the value of the farmer's labor and for his 

 uninsured risk. 



Table XII. — Farm*incomes for farms classified by class of tenure. 

 I. TAMA DISTRICT. 



Tenure. 



Number of 

 farms. 



Average farm 

 income. 



Average farm 



income per 



acre. 



Per 

 cent 

 in- 

 crease 

 per 

 acre. 



Average 



value of 



land per 



acre. 



Per 

 cent 



in- 

 crease 

 over— 



Average size 

 of farm. 





1913 



1918 



1913 



1918 



1913 



1918 



1913 



1913 



1918 



1913 



1913 



1918 





965 



211 



$2,607 



$4,570 



$12.59 



$20.79 



65.1 



$197 



$239 



21.3 



Acres. 

 207 



Acres. 

 219.8 









308 

 154 

 503 



86 

 28 

 97 



2,471 

 3,121 

 2,533 



4,272 

 4,951 

 4,721 



13.14 

 12.95 

 12.18 



19.33 

 23.85 

 21.22 



47.1 

 84.1 

 74.2 



206 

 197 

 192 



241 

 243 

 236 



17.0 

 23.3 

 22.9 



188 

 241 

 208 



221.0 



Owners additional a 



207.6 

 222.5 













II. WARREN DISTRICT. 







* 











1915 



1918 



1915 



1918 



1915 



1918 



1915 



1915 



1918 



1915 



1915 



1918 





832 



183 



$1,454 



$2, 241 



$9.32 



$12. 67 



35.9 



$117 



$145 



23.9 



156 



176.9 









345 

 190 

 297 



84 

 43 

 56 



1,270 

 1,630 

 1,556 



1,997 

 2,673 

 2,273 



8.58 

 9.94 

 9.73 



11.63 

 13.75 

 13.26 



35.5 

 38.4 

 36.2 



119 

 117 

 116 



148 

 146 

 139 



24.3 

 24.7 

 19.8 



148 

 164 

 160 



171.6 



Owners additional a 



194.4 

 171.4 







a Owners who rent additional land. 



