Good Demand for Farms 



Say Land Bank Chiefs 



Improved loan collections, prowiiig dv- 

 riia|Kl for farm land, and the highest cash 

 farni income since 10.30 was reported by 

 1:2 iP'ederal Land Bank presidents who 

 nioi recently in Washington. 



''AlthiMJfrh the prices of some com- 

 modities leave much to he desired, in th« 

 main there is a satisfactory price out- 

 look, an active retail sales trade, and a 

 sounder farm credit position, piviny real 

 proof of the peneral improvement in the 

 farmer's financial condition." Albert S. 

 Goss, Land Bank Commissioner of the 

 I'arm Credit Administration, said. 



"In six of the Land Bank districts 

 not badly affected by the drought, more 

 than 90 per cent of matured installments 

 on Commissioner's loans had been paid 

 up to September 1, and the average for 

 the country as a whole was S2 per cent. 



"Most applications for mortjrage loans 

 .ire coming from farmers who desire to 

 lefinance at the lower rate of fuur per 

 • ent now available on new loans from 

 the Federal Land Banks," he sai<l. ".Some 

 farmers are applying for loans to pur 

 ■base farms." 



The Cover 



1 he eieht-hor.~e team of I'enheron^ 

 pullinR a three - bottom tractor plow 

 shown on the front cover is owned by 

 William "Bill" Froitap:. Farm Bureau 

 member of Tazewell county. 



Freitag uses horses exclusively in op 

 •ratinjr his Ijugi' farm, and the foal- 

 from his purebred mari-s .-irc an impor- 

 tant source of farm inci.me. Last year 

 he sold four head averaging one year 

 jld for $1.0(10, an average of ^-J.'jO each. 



Asked about the hot weather last year 

 Kill said: "We always get our work done 

 ind we have not lo<i any horses from 

 ver^heating." 



Private Loans on Land 



Now Exceed Federal Loans 



Life insurance companies loaned more 

 •ban $.!T,000.00(j the first half of this 

 year on farm mortgages — an increase of 

 S;5 per cent over the first half of l'J34. 

 Commercial banks increased their farm 

 loans to ?88,000.000- -a gain of 57 per 

 •ent. Individuals loaned $141,000,000— a 

 t;ain of 22 per cent, ami all other private 

 •reditors $39,000,000 or a decrease of 

 -'2 per cent. 



For the first time since lOI'S private 

 •reditors loaned more on farm mortgages 

 Mian the federal government. §306.000,000 

 by private creditors against §277,000,000 

 iiy the Federal Land Banks and "Land 

 Bank Commissioner. 



SECOND PLACE 1$ NOT SO BAD ANYWAY 



Western Illinois channpions from Henry County a'c Front 'ow le^t to nght, _S. Andet»o«, 

 H. Olson C. Johnson, R. Olson K. Johnson 



Back row left to r-ght: L. Gusta^son. F. Samue ison, C. Manning, W. Anderson, nnanager. L** 

 S^annfng. H. Robson. Team members absent: B. Step)tens, K. Stephens, Glenn Johnston, D. W«ii- 

 keH. Robert Kirk M. Angevine 



President Roosevelt For Four Year Rye Program 



One-Contract Per Farm Is Ready for Producers 



I're-ident Iioo>evelt gave his uti-iuah- 

 lied enilorsement to a long-time "ne.ri- 

 permaneTil" crop adjustment progratf 

 Working- toward '"-implitication. in<re;i-i •! 

 flexibility, aiui the objective of otu- cr. 

 tract per^farm." at a prv^- conference it 

 Washington Dctolu'r 2.">. 



"It tiever was the iiiea of the men wh. 

 framed the act. of those in congress wb-- 

 revi>ed it. nor of Henry W:illace lior 

 Chester liavis that the .Agrictiltural Ad- 

 justment Admiiiistr.-iti.iii .-hould be <-itli.r 

 a mere emergency operation or a st.'i'u 

 .igeiiey." he sjiid. 



"It \v:is their intention - a~ it is mini 

 to p.is^ fr(rm the purely emergency ith.'i-f- 

 neees>itated by a giave national crisis to 

 a long-time, nioic ]icrnianeM plan f-r 

 .\ni»'rican agriciiltur.\ 



"."^ucli a long-time pro.^^'imn i- tle\t !"!■ 

 itig naturally out of tin-" pre-ent adju-' 

 nu-nt efforts. As I ^le it. tin- progr.ui 

 has two princip.il objectivi--: 



"First, to carry out the declared p.ilii-.\ 

 of congre.-s to maintain ami inert a-i ti:i 

 gains thu> l';ir made, thereby avoidii •_' 

 the danger of a slump back into the •■•n 

 ditions brought about by our )!ali"i:al 

 neglect of agriculture. 



"Second, to bri>adei; pre.-ent aiiju.-iiiit i.' 

 operations so as to give farmers mcrea- 

 ing incentives for con>ervation ami e|Ti 

 cient u.»e of the nation's soil resourco. 



"Simplification of pre.-ent jirogr.'inis. 

 with a view to iiiereasetl liexibility. woul<! 

 readily lend itself to the broad objecti\e> 

 outlined. l>ecentralization .if machinery 

 to get more ef!icient adniini.-tratitpn closer 

 to the farmers already has begun and 

 will be vigorously continued. To simplify 

 administration, the .A.-\.\ will work t' - 

 ward the objective trf one contract pei 

 farm. The modificatitms planned, in a<i- 

 dition to making administration easier 

 will facilitate proiluction adjustment 

 either upward or downward. 



"The time mav come when the .\.\.A 



.\ four Veil- crop adjustment pr^'gram 

 for rye runiiing fr.tni i'Xi(\ to X'Xi'J ex- 

 .•lusive was iceently approved by .'secr*- 

 ••-.ry Wallae. 



iMder tile i-..nti.nt farmei- wiil re- 

 ■ tive aiijustmi lit p.iynietit> in considera- 

 iion f.ir reiliicui'j' aeiiage of grain har- 

 vested ti. 7.'i per- cent of their average 

 pa-t acreage Tin 7."« pt-r cent i- suliject 

 •o an upward inCrea-e in any year. I'ay- 

 !inrit» for thi. I;':!>". cro|> are t.. bi- at l..ast 

 '.'' cents a i.u-hel oti each pr.-ducer's 

 rami allotnntu. winch will be ''M per 

 I . i;t of bi~ ;iver;iL'-e ;n.nual priMiuclmn. 



Atljustment (layments to j-igner^ are 

 •■1 ecjual the dilTerence betw<^n the «▼- 

 • r.iiTf f:irm pnee and tiie fair exchanjre 

 vohie ..f rye if thi- iliifcrence is not more 

 tiut.'i -l."' ci-nt". .a bu-bei, 



will pr've a- miiiortaiit in stimulating 

 certain kind.- ••f pro.luvtioti a.^ it lia« been 

 m ri-mtiving ii-cent liunb-iisomf .•■urpl'meB. 

 F'.r ex.iinple. ar. iXfiaiitleil production of 

 tio',;-. tc. ropl.-iee , liortage- eaii-ed bjT 



Irought. i- c..ntt niplatfd uiiiler the pro- 

 positi flew corn hog pritgrani, which U 

 put uji to a lieeision of protlucers in a 

 natioii-w i.l«. ri feritiiium tomorrow. , . . 

 "The simpliliiil ami more flexible ad- 



u-tmeiit pr"gr;itn of the futuri- can be 

 made to serve the permanent advantage 

 of protlucer and con-iimer It can iron 

 .vut the succe--ion of extreme market 

 gluts anii extreme shortages which in Tb« 

 past have ulle-nately wiecked farm in- 

 come and p'(.iializetl city people with ttio 

 high prices It can protect the nation's 

 heritage tif s..il. help fafmert to prtiduce 

 up to the full po><ibilities tif pr..ljtable 

 export, ami give this country the saf«5t 

 possible assuranctt of abundant fo..ii in 

 the years to come. I can think of noth- 

 ing more important to the permanent 

 welfare of the nation than lontr-time ag- 

 ricultural adjustment carried out along 

 •hese lines." 



.NOVE.MBER, 193.5 



