L-_rfULR.\ 
UNITED STATES DEPARTMENT OF AGRICULTURE 
DEPARTMENT BULLETIN No. 1224 
Washington, D. C. T June 11, 1924 
RELATION OF LAND INCOME TO LAND VALUE 
CLYDE R. CHAMBERS, Associate Agricultural Economist 
Bureau of Agricultural Economics 
CONTENTS 
Page 
Statement of problem 1 
Sources of data and selection of area 3 
Relation of land income to land value in 1920 6 
Accuracy and representative character of the data 10 
Net cash rents and their relation to land value 26 
Factors determining relationship of land income to land value at a given time .... 23 
Long time tendency in the ratio of land income to land value 37 
Anticipated rate of return on investments in farm lands 40 
Actual rate of return on investments in farm lands 46 
Analysis of cash rent as a measure of land income 47 
Bearing of this study on other problems 64 
Appendix 70 
WASHINGTON 
GOVERNMENT PRINTING OFFICE 
1924 
