Farm Financing and Business Prosperity (Classic Reprint)

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Excerpt from Farm Financing and Business ProsperityIn 1920, the banks of the United States had outstanding loans to farmers amounting to more than - a sum greater by a billion dollars than all the money actually in circulation in the whole country. If we include mortgage loans by insurance companies, private investors, and other agencies, it is probable that the aggregate agricultural loans will total or approximately 25 per cent of the whole banking power of the United States.In 1920, farm machinery worth over was manufactured in the United States, and of this large total, all but worth had to find its market on -'ameri can farms. It has been estimated that, in one lway or another, the farmer uses one-tenth of all the steel produced in the United States, nearly a fourth of all the coal and gasoline, and 46 per cent of all the lumber and timber, or more wood and wood products than any other class of con sumers.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.