Salt Lake Herald-Republican | 1916-09-14 | Page 14 | Cost of Farm Loans Compared in Bulletin

COST CUST OF FARM lOANS COMPARED IN BUllETIN Average Rate in Utah Found to Be 9 Per Cent Rates in Other States Average cost of ot farm loans Joans In Utah under the present system of at executing mortgages i Is S SJ 82 per cent Interest with an nn added one fourth of f 1 i per cent annual annual annual an an- nual commission according to figures In department li a a. bulletin 1 Issued b by the tho United tod States tes of agriculture received yesterday yes yes- es at the state capitol The bulletin contains statistics from ever every y state stale as i to tho the cost of r obtaining farm loans which are arc to be used In planning the operation of tho the new rural credits law ian While lle tho the average net cost of farm loans cans In Utah Is 9 per cent tho the cost In this state Is lower Jower than In a number of other western commonwealths Prevailing Pro percentages es In other western west west- western ern era states are given as follows follows- New Mexico 10 Montana 10 Wyoming 10 Arizona 9 91 Texas 9 3 Idaho S SJ Colorado S SJ Si Washington S SJ 81 Oregon 8 S California 73 H. Rates In eastern states are considerably considerably considerably consid consid- lower antI and In some of them no commission Is charged The cheapest farm arm mone money shown sho In the tho statistics Is Ja Jan In n New e Hampshire 5 i per cent Interest interest Inter inter- est with no commission