Canada -- Economic conditions; Canada -- Emigration and immigration
I come now to the farmer’s son or to the enterprising young fellow with
a bit of money, say £100 to £500, at his disposal. As I have said, if he
is a wise man, he will start as a farm hand and get his experience in
the only certain way before he disposes of his money in taking a
ready-made farm, or even in taking a homestead and spending his money on
the machinery and stock required to work it. The Canadian Pacific
Railway, the Grand Trunk Pacific, the Hudson’s Bay Company, and a number
of land companies offer ready-made farms of various sizes under the most
attractive conditions. The land has been broken, a house has been built
upon it. It has been fenced and irrigated, if irrigation is necessary.
The man can step on to the farm, occupy the house and immediately
commence operations, making the profit of the harvest the very first
year. Suppose a man with a bit of money wants to buy a farm ready for
cultivation. Mr. E. S. Bayard, editor of _The National Stockman and
Farmer_, Pittsburg, Penn., a famous American breeder of prize cattle,
who studied the question along the line of the Grand Trunk Pacific,
says:—
“Much of the farm land is now selling at from $15 to $25 per acre. Lands
can be found, well-improved and favourably located, which sell from $40
to $60 per acre. And homestead lands can also be found within reasonable
distance from the Winnipeg-Edmonton line of the Grand Trunk Pacific and
the branch lines of this road. In the spring of 1911, there were still
available for homestead some 8,000 farms of 160 acres each. Many of
these were settled on during the spring and summer of 1911.
“One method of selling land in this new country is the payment of a
certain amount per acre down and the balance of the purchase price is
extended over a period of years. One typical illustration is cited. A
farm of 320 acres, unimproved, was purchased with a payment of $3 per
acre down, or $960. For breaking and discing the land the cost was $5
per acre, or $1,600. That is what it costs when the buyer hires it done.
The second payment and interest amounted to $1,170, and the buildings
complete are estimated to cost about $2,000. This made a total outlay
the first year of $5,730. Over against this the first year 300 acres of
wheat yielded thirty bushels to the acre, or 9,000 bushels at 60 cents
per bushel, or $5,400. And 20 acres of oats produced 70 bushels to the
acre, or 1,400 bushels at 25 cents per bushel, amounting to $350, or a
total from the farm of $5,750. Thus the farm the first year more than
paid for its original cost and the profits the second year more than
paid for the improvements and all other expenses, leaving a goodly
profit.
Public-domain text, read in full here on John Shaqi.
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