The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1916-11-22

As result of these conditions les, than
SO percent oi the Oklahoma farm, m
cultivation are owned by those Whn up
crate them Herein We find illustrated
an cuormou, possibility Tor the develop
mcut ni the humanitarian aims ui the
federal farm loan act IN a dclmic iaru
loan need at lower rates oi interest dni
un easier terms Of repayment, who's
importance cannot be uycrcsumalrd
As result OF the recent agricultural
settlement Of the greater portion Hi tins
proposed district the Development - 10
farms ha, been comparatively hghi
Farm Improvements IN the Wa' 90
houses. barns. fences, livestock and
equipment have come slowly. and thcr.
is In this comparatively undc'clopr'
dr,lnc, another opportunity I" eNcr''r.
fully one OF the concrete purpose, cot
the federal farm loan act.
The Cooperative Spirit
There are today IN operation m the
State of Oklahoma 10 farmer, COO
operative business organization, who.
total capitalization /, S2,52oO"O In AL
duion to these hi,uc,, organization
there are thriving divisions of the
Farmer, Union oi America, the Farm
crs' Society OF Equity, the Patrons 4
ilusbandry and other similar national
bodies whose total membership lu The
state Of Oklahoma i, estimated AT u".
less than $1,000 Among these Is ais.
the State School Land IcSscc'S a,Soc''
ton. There are Us rural women
clubs IN Oklahoma There are approx
mately 2O0 community clubs IN OKLA
homa, which include both men and
women, and many other forms Of lo,a
organization, including lO7 rural CON
Solldatcd schools
Farm Mortgages
The outstanding farm mortgage u
. kanSa, arc $lSOUOO.OOO, Oklahoml
/ TjOOOOoO. Arkansas, $1,000 OOO-a to
g.. tai Of S274WOWO The average matur
it, date OF all Of these loan, i, appr'Nl
matcly five years from date OF issue
. OF these three states Kansas has beer
developed as farm loan field for man
years The need there is not So mucI
for an increase III the available suppl
as II Is iur supply which Is avd:labl
for the rciundinR ON longer terms o
existing mortgages, which demand cal
be met under the terms OF the farm lua
act. The state OF Oklahoma has had
large development oi is farm Ioa
business ior the past fifteen ur twcnt
years but, with raw land coming INT
Il. l.,,l. 4 all the
there will be IN thl, state heavy de
maud for an increase N the supply ,
farm loan funds for many ycart t
come
, With increased settlement and ruI
ing era oi high price, Tor agrlcuItur.
products. there also come, a heavy al
probation in the value OF farm LAM
This situation is apparent in Oklahom
- At this time and il will without quc,uo
result IN an increased farm loan d,
u mana, based ON greater acre valuatlnl
than ha e heretofore ruled, a well a
{ the increased demand through purcha,
c OF additional land ON the part ot lar
, owners. which always accompanies a
era Of high prices for farm products
T. Arkansas is a state IN which the lar
loan business is Just beginning 10 !
! developed and the relative amount
- such loans, in proportion to the tot
: cultivated acreage, Is perhaps ,nall
than IN any other state IN the unip
? Including IT with Kansas and Oklahou
in a proposed land bank district Great
, a district the increasing farm 10,
. needs of which will give full oppo
. tunity for the development OF a di,tri
c hank