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Show They're Paying Off Mortgages Farm Credit Administration borrowers bor-rowers with land bank and commissioner com-missioner loans repaid four times more than they borrowed during the year ended June 30, thus making mak-ing farmers' equities in their farms highest in 25 years, the Governor of the Farm Credit Administration reported. Farmers also have used their good farm income to buy war bonds and add to their future payment pay-ment funds in Federal Land Banks. They can use money in these funds to make payments on their farm loans in less favorable times. If farmers maintain these savings and don't waste them in farm land speculation such as prevailed after the First World War, they will be in better position to face reconversion reconver-sion from war to peace than at any time in the history of the country, the Governor declared. . |
