Show Utah Farm Mortgage Debt Declines U UTAH'S TAH'S farmers are to be congratulated on their good judgment judg mont ment They are making use of this time of financial plenty to establish themselves in an economic position which by t the e end 01 ot this year will be the soundest It has b been en in many ye years rs The U. U S. S bur bureau au of agricultural economics notes that Utah farmers are reducing their mortgage indebtedness so much that by the end of 1944 it is estimated the debt will be less than half what it was only four years ago The peak farm mortgage debt in Utah was reached in 1930 When it amounted to During the depression years a considerable amount of farm debt was wiped out by foreclosure foreclosure fore fore- closure and other readjustments which accompanied th that t period of great financial difficulty Nevertheless in 1936 there was still of mortgage debt against Utah farms Today that debt has been cut to around and the bureau says Bays probably another will be taken off the total figure this year If that prediction is borne out by events it means that by the end of 1944 the tho total farm mortgage debt in Utah will be bes s somewhere around or half what it was just four years ears ago and about a third of the peak debt in 1930 It will wilt be back to the level of 1917 at al the start of the last war Talking about the last war it is interesting to note the contrast in farm financial matters between this war and the thelast thelast thelast last one All through this conflict from 1939 on the Utah farm mor mortgage gage debt has go gone down each year All through the last conflict from 1914 on the debt increased each year year year- and it continued to increase se at a rapid rate in the years immediately imme imme- following the war tI We remember what happened to the farmers last time partly as a result of that excessive ive wartime debt expansion Apparently the farmers r remember member too Its It's not going to happen hap hap- pen again if they can help it by keeping their finances s under D- D control S r Pull doesn't open the d door or to success nearly as well as S. S just u t. t pushing ahead J. J q When you you drop a remark about scandal remember that a lot lotof of people are ready to pick it up 0 i |