Cheyenne record., 1919-04-17
PAINT hs5 All h293T.
Bankers Say TFoy LoEd iaoro
faoney OF PS3p2rtg lthsn
Buildings Ere Well Panied.
AN 'NDlcATgoN CT TH2lFT.
One Concern Advances 20 Fer Cent.
Morcif Rcp2intiaJ Is Cone
Every F!ve Years.

Does 1t pay 70 PAINT carefully farm
buildings? Docs il add to the selling
value OF Il farm when buildings are
properly kept UP ANA regularly paint
ed? \ careful inquiry of ii number or
lending bankers in the mississippi val
ley, including: such states as Iowa. ILL.,
no!s. Michigan, Ohio. Indiana and Mis-
souri,, reveals the fact that In nearly
every case the bankers did not hcsi-
tate to say that they would lend all The
land where farm buildings were well
painted and kept In good condition.
They maintain that well kcpt-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 90 per cent.
Some OF these bankers make inter
csting comment. a Michigan concern
says that, while not especially pre-
Ii'l t' W tuNlSe III response
10 this inquiry, the officers would loan
more money on farms where buildings
were painted than where they were
not so treated. This bank also finds
that where houses, barns and fences
are well taken care of the farm is n
profitable proposition, and bankers In
general consider the farmer n good
client. Another Michigan bank says
farm buildings out of repair and
needing paint indicate that tie owner
is slow pay" Such farms are rated at
about one-third of the assessed value
for loans. Where the farm buildings
are in good shape the rating Is one
half. The president of n middle west
ern bank says that when real estate
loans are considered, painted buildings
are always taken into consideration in
making an estimate. The general ap-
pearance OF the property surrounding
the house and barn and also the fields
and fences would be carefully observ-
ed. He further says that he has no
hesitancy in saying that he would alb
solutely refuse loan on farms where
the buildings We're not kept up and
well painted. In his judgment, un-
painted farm buildings would reduce
the loan value nt least % per cent.
a Minnesota banker says that he is
much more willing to loan money
where the buildings are well painted
In his particular case he believes that
he would loan 20 per cent. more than
If the buildings were not properly
taken care Of a farmer who will
keep his buildings painted takes n
much deeper interest III his work than
one who does not. Another Mime
ings have resulted in securing from
his bank sometimes as high as % per
cent more money than where the
buildings are not painted. An Ohio
concern says that 1t will loan % per
cent. more money on well kept farm
where buildings are painted at least
once every five years. A southern Illi-
no!s bank says that 1t has no fixed
rule about this, but 1t does make Il de-
Cided difference when owners of farm
lands apply for loans. If the buildings
are well painted and thus well pre-
served the loan rate would not only
borrowed would be larger. A northern
Illinois bank does not hesitate to say
that It would loan fully 80 per cent.
more on farm where buildings were
well painted and in good order than
where they were not. The vice presi-
dent, who answers the inquiry, goes
on to say: '"There probably are many
TURNER'S good financially and morally
who permit their buildings to remain
unpainted, but as n rule the most sub
stantial people who live in the coun-
try keep their buildings well pa ited."
An Iowa bank. through its vice pres
ident, states that II would make diff
ference of at least 25 per cent. in fn-
vOr OF the farm with painted build
ings. Another Iowa concern says that
It would make a difference of at least
20 per cent.
All this being true, It Is perfectly
evident thit 1t Is good business prop
osition to keep the farm buildings well
painted. They not only look better
and nre more pleasing to the owner,
but the farm would sell to better ad-
vantage, the loan value of the property
would be greatly increased md the
buildings themselves would last much
longer and need less repair.-Ths
American Agriculturist.