Show FARMERS SHOULD USE CREDIT WISELY by E B brossard economist Econom isi now la Is a good time to refinance farming farmers should pay their debts rather than extend their operations now as always farmers should remember the following principles 1 credit except in cases of great emen emergency gency should be used tor for productive purposes and farmers should be sure not to borrow heavily tor for nonproductive ones 2 farmers must not think ot of borrowed money solely as additional capital but must remember that there Is a day ot of repayment 3 when money is cheap farmers should not speculate because of its abundance but should settle their obligations ligat ions with cheap money 4 loans made to farmers should be able to repay themselves with all costs and leave the farmers something as pro alf fi for their working with this additional responsibility 5 the use of credit with higher interest and for a shorter time than it can be repaid should be avoided no matter from whom the money may be borrowed |