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Show LAND BOOM OF 1950 Farm Mortgage Debt Up 8 Per Cent The agriculture department reported re-ported recently the land boom of 1950 boosted the farm real-estate debt 8 per cent, totaling $5,800,000.-0G0 $5,800,000.-0G0 at the end of the year. Likewise, the rising demand and increased prices for farm commodities led farmers to add to their non-real-estate debt. They borrowed heavily to buy additional equipment and machinery. The department said the real-estate-mortgage debt, however, was only 54 per cent of the record reached in 1923. Twelve states have a higher mortgage debt than in the peak year of 1923. These are New Hampshire, Rhode Island, New Jersey, Jer-sey, Delaware, Virginia, West Virginia, Vir-ginia, North Carolina, Florida, Tennessee. Ten-nessee. Alabama, Louisiana and New Mexico. |