The Farm Market
The Farm Market
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In our eReader you can find the full English version of the book. Read The Farm Market Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Farm Market
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It is estimated that the average interest rate on the total farm indebtedness both mortgage and personal is 8 1/2 per cent. On mortgages the interest rate varies from 5 per cent on farms in the most highly devel- oped sections to from 15 to 20 per cent, including commissions for renewals, in the West and South. On personal indebtedness the interest rates, especially for tenant farmers, often run far higher than this.
Many influences are operating to reduce this in- terest rate. In the past few ...years banks have done much to develop farming, by more liberal loans, by financing the purchase of high-grade stock, and by offering prizes to stimulate calf, pig and corn clubs. Several banks employ agricultural agents. As the farmer becomes more efficient he is a better credit risk. As he keeps farm accounts he is able to make a financial statement and get a larger line of credit at the bank. The Farm Loan Act was passed in July, 1916. On August 31, 1918, there were over three thou- sand farm-loan associations which have placed 88, 000 approved loans aggregating $186, 000, 000.
What to read after The Farm Market?
You can find similar books in the "Read Also" column, or choose other free books by Philadelphia Curtis Publishing Company to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is estimated that the average interest rate on the total farm indebtedness both mortgage and personal is 8 1/2 per cent. On mortgages the interest rate varies from 5 per cent on farms in the most highly devel- oped sections to from 15 to 20 per cent, including commissions for renewals, in the West and South. On personal indebtedness the interest rates, especially for tenant farmers, often run far higher than this.
Many influences are operating to reduce this in- terest rate. In the past few ...years banks have done much to develop farming, by more liberal loans, by financing the purchase of high-grade stock, and by offering prizes to stimulate calf, pig and corn clubs. Several banks employ agricultural agents. As the farmer becomes more efficient he is a better credit risk. As he keeps farm accounts he is able to make a financial statement and get a larger line of credit at the bank. The Farm Loan Act was passed in July, 1916. On August 31, 1918, there were over three thou- sand farm-loan associations which have placed 88, 000 approved loans aggregating $186, 000, 000.
What to read after The Farm Market?
You can find similar books in the "Read Also" column, or choose other free books by Philadelphia Curtis Publishing Company to read onlineMoreLess
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