The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1919-04-18
PAINT AS AN ASSET.
Bankers Say They Lend More
Money on Property When
Buildings Are Well Painted.
AN INDICATION OF THRIFT.
One Concern Advances e Per Cent.
More II Repaintlnp 10 Done
Every Five Years.

Does IL pay to paint carefully farm
buildings? Does 1t add to the selling
value Of q farm when buildings are
properly kept up and regularly paint
ed7 A careful inquiry of a number of
leading bankers In the Mississippi val
ley, including such states as Iowa, Illi-
nois, Michigan, Ohio, Indiana and Mis-
souri,, reveals the fact that in nearly
every case the bankers did not hest
tate to say that they would lend all the
way from to so per cent more on
land where farm buildings were well
painted and kept in good condition.
They maintain that well kept-up and
well painted buildings and fences are
an indication Of thrift and that the
thrifty farmer is good client, and to
him money can be safely loaned. An
average of the returns from these
bankers shows that the increased loan
value because of painted buildings is
around q per cent
Some of these bankers make inter
esting comment A Michigan concern
says that, while not especially pre-
| pared to advise definitely In response
to this inquiry, the officers would loan
more money on farms where buildings
were painted than where they were
not 20 treated. This bank also hnds
that where houses, barns and fences
are well taken care Of the farm 10 Z
profitable proposition, and bankers In
general consider the farmer q Eoet
client Another Michigan bank aay'
farm tsiidinss eat Of repair aRt
needing paint indicate that the owne
10 slow pay" Such FARMS are rated q
absus sAs-taiyd u the assssssd vsla'
fss leans. where ths farM hniiaiAR
ere In seea ahaps he satiAg b enc
hal4. The prssidsat u . Middle west
svn bank says hat vhsa real sstat
leans are considered. paiats< suiseins
are always taken ints esnAasrati0a II
makiHg an estimate The general ~
psaranes Of the property sssFeunain
che house and barn and aiss the 6eld
and fences wsuid BE carefully ebserv
"a. He further says that be has d
hesstancy In saying that he would al
solutely refuse q loan ON farms wher
the buildings were net kept up an
wen painted. In his judgment, or
painted farm buildings would rednc
the loan value at least 25 per cent.
A Minnesota banker says that he
much more willing to loan none
where the buildings are well paintet
! In his particular case he believes this
, he would loan 20 per cent. more tina
If the buildings were not properl
taken care of. A farmer who wi
keep his buildings painted takes
much deeper interest N his work tina
one who does not. Another Mimi
sofa bank says that well painted buil'
ings have resulted in securing fro
his bank sometimes as high as Is pt
cent. more money than where til
buildings are not painted. An OH
concern says that 1t will loan Is p'
cent. more money on q well kept far
= where buildings are painted at lea
= once every Ave years A southern III
. nois bank says that 1t has no IKE
o rule about this, but 1t does make d
o lands apply for loans. II the building
S are well painted and tAus well pr
}, served the loan rate would not on
It be cheaper, bat the amount OF men'
i borrowed would b larger. 4 northel
L Illinois bank does net hesitate TO u
It hat 1t weuls loan fully 10 per Ger
Il mere On q farm where buildings We
well painted ana in good order III
o where they were net The vice pre-.
e dsnt, whs answers the inquiry, 30
IS on to say: 'Thsrs probably are mai
% farmers sesa financially and moral
IS wAe permit their huildiags 10 rena
IL implanted, but as q rule the NEST 50
u stantial people whe live tn the ecu
Is try keep tksir buildings we'll painted
An Iswa bank, through its vice pre-
ident, states that 1t would make d
- ference cf at least 25 per cent in
. -~r ~ tha farm with Dainted buil