Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1933-11-30
WHAT ABOUT AGRICULTURE +?
By MILES H. FAIRBANK, Secretory-Treasurer
MARYLAND FARM BUREAU FEDERATION
PART "
WILL GOVERNMENT CREDIT SAVE THE FARMER

agriculture
Land Banks in their respective
Each Land Bank will
the head proper
the Production Credit Corporation the Bank for Copaives the
intermediate Credit
Two questions
relief first it good policy f9r the to set these agencies
will such service actually benefit the mer Many good people
are asking just that
to extend to farmers the
privilege of long time credit and without doubt of
nestmabe good AS generally the principal land bank
extend by
public funds, but by bonds which sold investing public
be Cooperative that farmer borrower has to take five peri
forming supposed pass
the eligibility of other borrowers To that the land bank system
cooperative farmer however had anything to do with the
policies of the Land Bank, he be discovered.
The system
ied bankers and investors similar institutions These
known Stock
ers because not take $50 in get
loan On the other hand being private institutions with limited
they found take foreclosure mortgages when
the depression Under the Land
Banks will be gradually quidated and their taken by the
Farm Credit Administration.
Bank by of Congress
in 1929 discount bank for agricultural being argued that
time that if county banks could discount
Agricultural credit oations among farmers to loan to their
local association and few have been organized While banks have
used the discount privilege, difficult difference
the individual farmer concerned
Heretofore the has loaned cooperative organ
ives", with branches in each Land Bank district
Direct loans to farmers in the have been the Of
distress oans such the seed feed ans drought loans and
usually quite avhy. When
help banks railroads and insurance aside
organization Regional Agricultural
on make loans for buying cattle for production and
These and the loan business being consolidated
Credit Administration.
question but the government going
banking among big question
naturally the
prevailing opinion reasoning
credit partly responsible for the farmers problems today Unques
tOnaby time credit
income Yet they able go public sales give note
for things they bought (which times they did needy buy feed
that they could No other business that
purpose
In words they present plans
unless the his creditors scale
debts where would he could out They estimate what
his probable income will be and will only make loan his Indebtedness
be brought down where he will be solvent To aid the
this the all the states have appointed committees of lead
citizens who will help the farmer and his creditors make
genuine
credit who had their but mogaged
land This will happen under the administration
AS the loanng of cooperative there
believe stretching make
available credit these organizations that extent in
private business Agcu
Marketing
mtted itself policy of fostering cooperative marketing matter
in later article but long this policy exists it essential that
credit provision be made
often heard that the lost millions
dollars in loans cooperatve In issue of the American
information
billions the other
Boards losses exceed hundred million This
obviously impression The that lost by the
sterilization entirely
with the made
that loans cooperatves secured by adequate tangible collateral
other
Production Credit something This will
phase lending by banks
found difficulty handling There doubt that puc
needed by
seeds credit him above interest rates There
tain classes of farmers such orchard truckers and potato
scale that cpme credit for fertilizer
things making
his collateral
lien like handle and probably will able
handle banking credit
production credit SYSTEM will help this
neutrality-suspicious.