LAND IN MANAWATU.

Taranaki Daily News, 27 January 1921, Page 7

LAND IN MANAWATU.

PRICES OF FARM PROPERTIES. So far as can be gathered, the land boom in this district has come to an end says the Palmerston North correspondent of a Wellington paper. A -few months ago farm properties were changing hands at very high rates, and were eagerly sought aftei*, but now a sale is almost a rara avis ,and most of the land agents who were doing a roaring business at this time last year are practically hibernating, while several of the smaller ones who started during the boom are going out of business. This does not augur that things are going back, but, on the other hand, that the inflated values ruling some time ago are now non-existent, and that things are coming back to normal. The fact that many of the farms were purchased by speculators did not tend to good fanning ,and many of the farms went back while being held for speculative purposes. however, those who hold the land purchased at such high prices must work their holdings intensively in order to make them pay, and this should result in a much better class of farming than has been the case in the past.