Land Tenure in the United States With Special Reference to Illinois volume V
Land Tenure in the United States With Special Reference to Illinois volume V
Charles Leslie Stewart
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Operating owners have shown little tendency to increase the mortgages on their farms since 1900, and the rate of increase of the equity has greatly exceeded that of the indebtedness. The farms were mostly in the hands of white farmers, with a decreasing percentage of foreign-born. This decrease may be due to the ability of the foreign-born to pass the ownership of their land to children born in this country. The owners of rented farms in 1900 were resident in the state in about nineteen cases i...n twenty, and in three cases out of four were resident in the same county in which the farms were located. Concentration in the ownership of rented farms is seen in the fact that in 1900, 1. 16 per cent of the owners of rented farms were in possession of 7. 78 per cent of the rented farms, compris- ing 7. 87 per cent of the acreage and 8. 74 per cent of the value of rented farms. It was shown by the age statistics that young opertors were more generally characterized by tenancy, especially on the share basis, and that young owners were most heavily encumbered.
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