Page 10
EL UVALDE TIMES
Foreign Investment In U.S. Farmland
Part III
By Barry Jones
UVALDE-Current concerns in our com-munity over foreign investment in crop and ranch land is not the first time in history that investors from overseas have come to U.S. shores looking for real estate.
‘Foreign	investment
actually hit a peak prior to the turn of	the
century,	said	Dr.
Richard	Floyd,	a
Texas Agricultural Extension Service economist for real estate.
‘The same pattern followed in those days also when farmers objected and many states passed laws to restrict foreign investment,” he said.
Why exactly do foreign investors consider American farmland a plum worth picking? Dr. Floyd says there are at least five major reasons to prompt investors to seek real estate in this
country. They are the following:
—Our right to own land under a stable and free governmental system. “This has historically been a major attraction to foreign investment in U.S. farm land, and remains so today,” he said.
—Income from agriculture comes from
operating the farm itself and from appreciation in land values. “We are all aware that profits from farm operations have not been that attractive, averaging 4.7 percent return on investment since 1970,” Dr. Floyd said. “But, capital gains from farmland ownership have been substantial. Since 1975 capital gains income has been more than twice as large as farm income on a current dollar basis.”
The economist said that while these capital gains are not
realized eacii year, they must be considered part of income over the long run. They also are taxed on only about half the rate of current income. “The point is that the combination of net income and potential capital gains makes farmland an attractive investment,” he said. —Despite rising land values, recent devaluation of the dollar overseas has made U.S. farmland less expensive to the foreign investor who has been holding a strong currency such as the German Mark or Japenese Yen relative to the U.S. farmer who must buy land with dollars.
“Since much of the investment in domestic farmland has come from West Germany, the mark offers an excellent illustration.” Dr. Floyd emphasized, “In January, 1979, the mark would buy double the number of
dollars it did in January, 1970.”
“This means simply that for West German investors holding marks, U.S. farmland is 50 percent cheaper than it is to the U.S. investor with dollars. If the dollar strengthens, this situration would change.”
“To strenghten the dollar,” Dr. Floyd “We must get inflation and our balance of payments deficit under control.”
—Aside from investment for agricultural use, farmland may be purchased for its value
Civil Rights....
in terms of other resources or use
potential.
“This incentive to buy farmland is particularly important in Texas where energy production potential and urban or industrial development potential continue to be strong considerations in buying land,” Dr. Floyd said.
—The existence of tax advantages to the foreign investor compare to the U.S. investor is a very complex issue. It varies from country to country and is difficult to generalize.
Religious Freedom
“Free exercise of religion has become an empty promise” to many Americans, keynote speaker W. Melvin Adams, of the General Conference	of
day Adventists, told
participants at a U.S. Civil Rigths Commission-sponsored consultation on religious discrimination in Washington, D.C., last month.
LUNtBERlWlAltf!
BUILDING MATERIALS
PAINT I HARDWARt
TV
REG.PRICE 8995 79”
XL Chain Saw 10
NOTICE. ■! THE HOMELITE REP WILLBE IN OUR STORE TO DEMONSTRATE THE SAWS AND TRIMMER ON SATURDAY, JUNE 16 FROM 9am to 3pm - PRICES IN EFFECT THRU JUNE 16.
oiling
Automatic chain oiiing
•	Displacement 1.6 cu. in. (26 2cc)
•	Weight 8 lbs. 2 oz.
HOMELITE
Adams and 27 other speakers stressed the concern that the rights of those who practice minority religions, including Sabbatarians, are often ignored.
Among issues covered: the American Indian Religious Freedom religious rights of prison inmates, governments’s employers’ and corporate discrimination.
Hospital
son eligibles para servicio gratis o a costo reducido. Si usted incluye tal información en el libreto propuesto, usted estara cumpliendo con una gran parte de la obligación del distrito hospitalario.
Sinceramente.
Pedro G. Nieto Abogado En Leyes
cc:
William Kessler Donald Reed Mary Boyter, HEW Leader News Uvalde Times
*1* *7* *4* *4* *7*	•7» *7* *7* *7*
Si usted tiene un problema con su peso, mantenga un recird diario de lo que pesa y de la comida que come, sigiere Mary K. Sweeten, especialista en alimentos y nutrición con el Servicio de Extension Agricola de Texas, del Sistema de la Universidad de Texas A&M. Un record de este tipo le ayudara a entender porque tiene un problema.
*************
JUNE 14. 1979
TEXAS FARM BUREAU INSURANCE
SEGUROS DE VIDA DE AUTO-CULTIVO SERVICIO AMABLE
ED KAUFMAN -111 E.Calera 278-9181
WE FINANCE
*NEW AND USED CARS
* APPLIANCES
‘ONE-HUNDRED DOLLAR
PERSONAL LOANS
M Home Owned Company, Can Serve \ k You Better.	)
\Come See Jack Walker And Armando). ' Cruz.	Y
Uvalde Credit Company 1
118 W. North St.
SABIA QUE---
278-3127
To help prevent a criminal assault in your home, install a peephole so you can sec who is outside your door before opening it, adivses a consumer information specialist, Claudia Kerbel, with the Texas Agricultural Extension Service, The Texas A&M University System.
Los miembros de la junta votaron unánimemente en lavor de la liberación de Raymond Laster, de 31 años, quien en agosto de 1966 fue condenado por la violación y asesinato de Elena Posada, de 72 años.
Laster, que es descripto como mentalmente casi inválido, ! irmó una confesión cuando fue interrogado por la policía luego del asesinato, pero los miembros de la Junta señalaron que el condenado es incapaz de leer y apenas puede escribir su propio nombre.
RAYMOND LEE HARVEY FUE DEJADO EN LIBERTAD después de una investigación federal de tres semanas por una supuesta conspiración para asesinar al Presidente Jimmy Carter en California.
El Fiscal dijo que el gobierno no tiene pruebas sufiuiei.-tes para < ondenar a Harvey, de 35 años, quien ha pasado más do 20 años en diversos msf it utos men tales.
UN PENSAMIENTO: VALE MAS SABER ALGO acerca de todo que todo acerca de una sola cosa.
(Pascal)
Father’s Day Sale
REG. 14995
SALE PRICE
22495
SE HABLA ESPAÑOL
Homelite® Super E-Z
•	16" Power Tip guide bar and chain
•	Automatic and manual chain oiling
•	Rubber cushioned handle bar
•	Compression release
•	Rugged 2.5 cu. in. engine (40.9cc)
•	Chromed chain
REG. PRICE $24995	16" SUPER E-Z
B’UCPenney
Open Thursday 9:00 to 9:00. Daily 9:00 to 6:00 110 N. Getty. Catalog phone 278-6292.
REG. PRICE 18495
FREE Carry Case
•	14" Power Tip guide bar and chain
•	Automatic chain oiling
•	Displacement 1.9 cu. in. (31 1cc)
•	Weight 8. lbs. 14 oz.
•	Chromed chain
•	Exclusive Twin Trigger®
•	Rubber coated handle bar
A] mU,;V
411Y

HARDWARE STORE
HOMELITE ST^IOO
Gasoline-Powered String Trimm
Gasoline-Powered String Trimmer AUTOMATIC STRING ADVANCE. Exclusive! Puts you totally in control. Advances string at a trigger’s touch. No tapping. No stopping.
COMPLETELY ASSEMBLED.
BIG 20 CUTTING SWATH. Widest available.
RUGGED CHAIN SAW ENGINE. 1.3 hp. A long-life 26.2 cc Kornelite
DIRECT DRIVE. No driveshaft. No wasted power.
ADJUSTABLE HAND GRIP. For perfect balance.
COMBINATION HANDLE/FUEL TÁNK. Freestanding design makes fueling, storage easier.
SOFTONE™ MUFFLER. Directs noise to ground.
THICKER .095" STRING. Handles heavier jobs. 75 ft. replacement spool of string.
LIGHTWEIGHT. Only 7Va lbs.
SALE PRICE
12995
FREE
Carry Case
Fkxnelite. TheCtiaiiii Saw King.
- - - - - - • - -■ - W 0
14" SUPER 2
HOMELITE
SALE PRICE
16695
HI|L

20% off
Comfortable underwear for men Sale 3 for 3.75 Reg. 3 for 4.69. Athletic shirts, crewneck tees, and briefs of Fortrel® polyester/combed cotton knit. Shirt sizes 34 to 46. Brief sizes 28 to 44. Sale 3 for 4.78. Reg. 3 for 5.98 V-neck shirts. Sale 3 for 4.23. Reg. 3 for 5.29 Boxer shorts Sale prices effective through Saturday.
UVALDE, TEXAS T- HI-WAY 90 EAST
—hours: ^¡? day
-OtVL	____
LUNtBERMARr1
BUILDING MATERIALS