Show 1 f War Bonds as Investment for Farmers by Warren W. W Hawley Jr President I New York State Farm Bureau Federation I II IN TN N CHECKING figures of theA the A Farm Credit Administration I find that farmers are paying of off mortgages faster than at any other other other oth oth- er period in the history of the Federal Federal Federal Fed Fed- eral Land B Bank nr At the sa sama time farmers are building up ah reserves but the wise investment of this money is isan isan isan an extremely hard herd job for farmers farmers farm farm- farmers ers to undertake The temptation is to try and obtain as high an interest rate as possible Many of us see no reason why we should not get et as much interest interest interest inter inter- est on our money now as we had to pay the bank when we were forced to borrow during the de de- de- de The answer is that today mone money is cheap cheap expanded expanded as the bankers express it Therefore interest interest interest in in- terest rates are low except in very speculative securities Naturally Naturally Naturally Nat Nat- no farmer wants to risk losing his hard earned cash We farmers know our own business business business busi busi- ness and we can invest money in it safely because we understand it However when we branch off into other fields especially th h highly technical field of invest ments ment most of us encounter encounter sari sad a experiences In these days it is virtually m possible for farmers farmer to put nut th their theu k surplus cash back into the far farm War time conditions prevent m from repairing buildings and bu W buy Y ing new machinery automobiles automobiles' trucks and other equipment ve v ve I must eventually have if We JQ ar are going to stay in business So the smart thing for farmers to do is to invest their surplus money in War Var Bonds where it is as safe as a dollar doUar bill These bonds increase in value the longer they are held they can be cashed after sixty days in case of need and they will provide a reserve for in vestment after the war in the business the farmers know best the best the business of farming I confidently predict that il U farmers will do this the dawn da of peace will signalize a new day for tot agriculture U. U S. S Treasury |