Papers Presented At a Conference On Illinois Agricultural Policy, January 26 And 27, 1922
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61 62 UNIVERSITY OF ILLINOIS Farm Business Conditions During the Past Quarter OF A Century It was in the fall of 1896, now a quarter of a century ago, that I began to take an active interest in the operation and management of several thousand acres of central Illinois land, tho the responsibility for its management was not assumed until a few years later. The land did not lie in one body but in tracts ranging from forty acres up to more than a section. Let us consider for a moment the condition...s existing in the farming business at that time, for they were worse then than now. Some of you may recall a decline in the markets for farm produce that began about 1889 and lasted without very marked improvement until after 1897. During that time the barometer of farm business seemed wholly unable to find its way into the fair weather section of the chart. Corn sold for twelve to fifteen cents, and wheat around fifty cents ; cattle went as low as a cent and a half, and hogs down to two and a half cents during that depression.
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