10 
BULLETIN 968, IT. S. DEPARTMENT OE AGRICULTURE. 
Elements of cost. 
Per cent 
of all 
records 
reporting 
each item 
of cost. 
Per cent of 
average cost 
represented. 
Application 
18.9 
33.2 
50.9 
34.7 
34.9 
18.4 
3.31 
6.58 
16.95 
9.71 
7.35 
3.75 
Application fee 
Association and secretary fees 
Land bank fee 
Appraisal and costs connected with appraisal 
Title determination bv Federal land banks 
All land bank and national farm loan associatio 
i char 
ges 
47.65 
Abstract of title 
75.8 
13.1 
9.9 
6.1 
12.2 
12.0 
13.0 
29.4 
57.1 
39.1 
27.41 
3.37 
2.49 
1.58 
.56 
1.35 
4.92 
1.07 
4.15 
1.92 
Extra abstracting 
Title insurance 
Surveying 
Affidavits 
Legal papers and fees for filling them out 
banks and national farm loan associations. . . 
those 
made by the land 
48.82 
3.53 
100.00 
Table IV. — Relation of the land dank and Xational Farm Loan Association 
charges and the costs in connection with the title to the amount secured on 
Federal farm loans of different sizes. 
Per 
cent 
Num- 
ber of 
mort- 
gages 
Per Total 
land 
Per 
Size of 
Total 
cost of 
mort- 
cent : land 
bank 
cent 
Size of loan. 
aver- 
age 
mort- 
cost of i bank 
loan and 
is of ! asso- 
Title 
costs. 
and 
asso- 
ciation 
title 
costs 
are of 
aged. 
gage. 
gage. 
amount ciation 
charges 
mort- 
ofloan. charges. 
are of 
gage. 
mort- 
gage. 
SI to S1,000 
347 
530 
$747 
1,815 
S36.01 
41.28 
4.82 
2.27 
S10. 90 
16.37 
S22. 38 
23.63 
1.46 
.90 
3.00 
1,001 to 2,500 
1.30 
2 501 to 5 000 
483 
205 
3,705 
6,392 
50.43 
68.09 
1.36 
1.07 
24.39 
35. 55 
23.86 
29.60 
.66 
.56 
.64 
5'001 to 7,500 
.46 
7 501 to 10 000 
187 
9,186 
16, 231 
82.74 
.90 
52.01 
27.32 
.57 
.30 
13 
120. 23 
.74 
90.04 
27.91 
.45 
.17 
1,765 
3,541 
50.84 
1.44 
24.21 
24.64 
.68 
.70 
1 While 310,000 is by law the maximum which may be borrowed by one person from Federal land banks, 
larger loans are evidently secured on what some borrowers consider to be one farm. This might be the 
result if two or more persons owned distinct parts of what may be operated as a single farm, each owner 
obtaining a loan on his part of the farm from the Federal land bank. 
The prospective purchaser of land who plans to buy with money, 
part of which he borrows from a Federal land bank, should give due 
consideration to the possibility of delay in the completion of nego- 
tiations for a loan. Cases have occurred in which prospective buyers 
have made deposits on land to secure a contract of sale, which con- 
tract they have forfeited because they were unable to complete the 
purchase, money which they depended upon Federal land banks to 
furnish being held up for one reason or another. Frequently, delay 
is clue to failure to comply with the requirements of the Federal land 
