OCR Text |
Show FEDERAL LOANS TO FARMERS. About One Ninth of Farm Loan Business Busi-ness Done by Government. Washington. About one-ninth of the farm loan business of the United States was done by the federal farm loan system during its first year of active operation just closing.. A report issued May 14 shows that since the first loans were extended last May, 40,451 loans, totaling $91,051,-000, $91,051,-000, have been closed. More than 126,000 farmers applied for loans amounting to $299,94S,000, and loans approved, including those closed, were $174,858,000. The total agricultural loans made in this country coun-try yearly is estimated at about ?S00,-000,000. |