HIGH PRICED LAND.

Taranaki Daily News, 29 May 1920, Page 8

HIGH PRICED LAND.

v ' OPINION OF FARMERS. i, V . .* ' ' BKTUKNB JUSTIFY VALUES. ■ tht high price of, land in certain parts . «f the North Island was the subject of < moment by Mr. J. Boddie, provincial . president of 'tl ; Auckland Farmers' UhioiL. In,certain districts in this proand tin Taranaki, he said, prices ' naming from £IGO to £250 an acre had f Been jjaid ior areas of from 30 to CO acres. These prices were held by many **outt-&e advisers of the farmers to be dangerous, and likely to lead to disaster, the whole question, however, resolved j >«itaett Into what' the land would produce, i -He: iwenjly faul submitted to him two I i '•well-authenticated returns from land i witfein 30 miles of Auckland. In one $ gross return of £IOOO was made from 10 acres, and in the other a gross . /return of £l4O an acre was obtained. Thtee fjgure* would appear to amply Justify the highest ptice quoted for land. It was al«t> beyond dispute that Taranaki farmers witlrhjghly-improved dairy herdS and good land had obtained gross ' returns' Of from £l7 to £27 an aero. BuA results tended to show what could ' bfe done on small holdings by intensive cultivation. ,