Farm-Mortgage Lending Experience of Life Insurance Companies, the Federal Land Banks, and the Farmers Home Administration, January Through March 1960

Download or read book Farm-Mortgage Lending Experience of Life Insurance Companies, the Federal Land Banks, and the Farmers Home Administration, January Through March 1960 written by Farm Economics Research Division and published by Forgotten Books. This book was released on 2018-03-28 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Farm-Mortgage Lending Experience of Life Insurance Companies, the Federal Land Banks, and the Farmers Home Administration, January Through March 1960 Farm - mortgage debt continued to increase during the quarter. Loans held by three lender groups (22 life insurance companies, Federal land banks, and the Farmers Home Administration) increased 2 percent in amount compared with an increase of percent in the first quarter of 1959 (tables 1 However, outstanding real estate loans to farmers by Federal Reserve member banks decreased percent from December 31, 1959, to March 15, 1960. The amount of money loaned on farm mortgages by the three lender groups in the survey declined almost 10 percent in the quarter compared with a year earlier. Apparently, the decline was a reaction to increased money rates, a leveling off of land values, and a weaker demand for land compared with 1959. Also, the rate of land transfers was below that of a year ago, particularly hi the Corn Belt. Land transfers in the Spring of 1960 financed by means of pur chase contracts increased sharply compared with the spring of 1959, especially in the Lake States, Corn Belt, and Northern Plains. Sellers were more willing to finance transfers, and buyers were able to finance purchases in a period of generally tight money supply. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.