The Agricultural Outlook for 1930 (Classic Reprint)

Book excerpt: Excerpt from The Agricultural Outlook for 1930 Taxes on farm property in the United States as a whole may be expected to increase for some time, although it appears certain that the rate of increase will be less than the average rate since 1913. Estimated average taxes per acre of farm real estate increased 134 per cent from 1913 to 1924, principally because of increased expenditures for schools and roads. By 1928 taxes per acre had advanced to 146 per cent above the 1913 level. It is most unlikely that there will be a sufficient abatement in the demand for public improvements and services to permit a general reduction in State and local expenditures. Taxes on farm property will not decline and probably will continue to increase unless the several States should (1) provide more effective control over the tendency of expenditures to increase and (2) revise further their systems of taxation so that a substantially greater share of the necessary expenditures would be met by revenues derived from sources other than general property. Past experience indicates that progress along these lines will be slow unless there should develop an unusually strong demand for practical and far-reach ing improvements in State and local finance. Rapid changes in farm production practices during the last decade have introduced new features into the agricultural situation. There seems little doubt but that the rapid development and adoption of improved farm machinery, particularly the all-purpose tractor and the variety of new cultivating and harvesting equipment associated therewith. Will continue. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.