Contents: The situation in general -- Farm real estate values (Recent movements of United States index - Land-value movements by regions and States) -- Agricultural prices, production, and income (Farm-commodity prices and production - Farm income and costs) -- Income-Value and rent-value comparisons (Farm incomes and farm real estate values – Farm real estate rents and values) -- Changes in farm ownership (Continued wartime increase in voluntary sales - Types of buyers and sellers - Downward trend in farm real estate foreclosures continues - Land holdings of principal lending agencies reduced) -- Farm mortgage credit and debt (Interest rates and mortgage recordings - Farm-mortgage debt reduced) -- "Warranted values" and wartime market prices of farm real estate.