The Young Farmer: Some Things He Should KnowHunt, Thomas Forsyth
Science
The Young Farmer: Some Things He Should Know
Hunt, Thomas Forsyth
Agriculture
As a rule, when the farm has been acquired by a son, the latter has
operated the farm as tenant or partner for a period previous to his
ownership and during lifetime of the father. In some instances the son
has boarded with the parents or the parents with the son and his wife;
or, in the case of a daughter, with the daughter and son-in-law.
Where there are several heirs, as is apt to be the case, the son
operating the farm is required to purchase or rent the interest of the
other heirs, unless the farm is large enough to be divided, which is
less seldom the case than is popularly supposed. Thus, if there are
200 acres of land worth $50 an acre, and five heirs, the young farmer
may inherit $2,000, and be required to assume the remaining $8,000 as
an obligation. He may borrow this money at the bank, placing a
mortgage upon the farm, thus settling with the other heirs at once. Or
he may pay the other heirs rent on their share of the farm. In any
case he will, if successful, gradually cancel his obligation and
become owner of the farm. That no heir is willing to assume this
responsibility is the most common reason for a farm changing from one
family to another, and the disruption of community interests.
The customary, or normal, method of acquiring land has been and still
is a combination of tenancy, inheritance and mortgage. Without some
tenant system and without the farm mortgage, it would be impossible
for the average young man to acquire a farm. That men are constantly
advancing from farm tenant to landowner is shown by statistics giving
the percentage of tenants by ages. The majority of farmers under 30
are renters. Most farmers over 45 are owners of farm land. Thus in
Illinois, in 1900, approximately 75% of the farmers under 25 years of
age rented their farms, while less than 20% of the farmers over 55
years of age were tenants.
The question for the young man to consider is not what effect the
tenant system has upon the welfare of the nation or what political
ills may be connected with farm mortgages, but how to make use of
these necessary and beneficent agencies for the acquirement of a farm.
A system of tenancy which leads to absent landlordism and a permanent
tenant class is thoroughly vicious, while a practice which enables a
man to become, within a reasonable period, a land-owning farmer is a
thoroughly approvable and, indeed, necessary method of acquiring land.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account