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