. Bulletin of the Department of Agriculture. Agriculture; Agriculture. BULLETIN 968, TJ. S. DEPAETMENT OF AGEICULTUEE. work is likely to result in a rapid increase of tenancy unless it is readily possible for landless farmers to buy the lands previously operated by these retiring owners. It is true this transition to owner- ship is partly effected through inheritance, marriage, or gift, but this is the case only to a limited extent. To a great extent farm ownership among the new generation of farmers must result from purchase. When the Federal farm loan system was under consideration it w
. Bulletin of the Department of Agriculture. Agriculture; Agriculture. BULLETIN 968, TJ. S. DEPAETMENT OF AGEICULTUEE. work is likely to result in a rapid increase of tenancy unless it is readily possible for landless farmers to buy the lands previously operated by these retiring owners. It is true this transition to owner- ship is partly effected through inheritance, marriage, or gift, but this is the case only to a limited extent. To a great extent farm ownership among the new generation of farmers must result from purchase. When the Federal farm loan system was under consideration it was widely believed that it would be an important instrument in re- ducing the percentage of tenant farmers. Those best acquainted with its provisions realized, however, that, while the act would prove serviceable in this regard, the credit permissible under its somewhat PERCENTAGE OF ALL FARMS FEDERAL LAND BANK LOANS HAVE BEEN MADE. Fig. 1. conservative provisions was made too small to effect a marked reduc- tion in tenancy. Since the Federal farm loan system has been in operation for about four years, it is important to determine the extent to which it facili- tates the acquisition of farms by landless farmers, especially by those having little capital. From this point of view the present study was undertaken to de- termine (1) what proportion of those borrowing under the Federal farm loan system for the purpose of buying land belong to the class just mentioned—^that is, landless farmers with limited capital; (2) what methods such persons have employed to supplement the funds obtained from the Federal land banks; and (3) what have been the costs of Federal farm loans to the borrowers. The point should be emphasized that the present study is not under- taken with the view of criticizing the farm loan sj^stem, its Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of
Size: 2029px × 1231px
Photo credit: © Book Worm / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookauth, bookcentury1900, bookdecade1910, booksubjectagriculture
