Show talks on mortgages dr J L coulter secretary for the government on rural credits in chicago the other day made the following statements about farm mortgages of the farms in the united states about four million are operated by their owners and of these are mortgaged under the general practice thes mortgages are made t run from three to five years 1 I urge that the length of the loan should vary with the purpose if the loan is made to equip the farm with machinery or live stock it should run from five to 10 years if the purpose is to construct buildings the loan might extend over a p period briod of 15 years if the purpose is to purchase the farm faim the loan might extend arm 25 as far as 35 years As to my proposal that farm loans should be paid off in annual installments the farmers revenue is produced in this way and unless the farmer gradually reduces the loan he is almost sure at its maturity to ask for a renewal thus farm indebted less piles up pa it is evident that the tendency of government po policies li c i e s is to help the fa farmer riner dr coulter is making a study of farm credits which will likely result in much good for all farmers |