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Story
July 11, 1940
Farmers Independent
Bagley, Clearwater County, Minnesota
What is this article about?
In Q1 1940, Federal Land Bank of St. Paul financed $1,019,000 for Minnesota farm purchases, an 85% increase from 1939, covering 306 farms (90% more) including 25 new loans of $151,000.
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Farm Purchases Up 85 Per Cent
Financing obtained through the Federal Land Bank of St. Paul for the purchase of Minnesota farms amounted to $1,019,000 in the first three months of 1940—an increase of 85 per cent above the financing for similar purposes in the first three months of 1939, says a statement from the land bank this week.
This includes new loans for the purchase of farms, purchase money mortgages, and sales contracts. There were 25 new loans for the purchase of farms, totaling $151,000 in the 3-month period this year in addition to other new loans. Total purchases in this state were 306 farms, a gain in numbers of 90 per cent.
Financing obtained through the Federal Land Bank of St. Paul for the purchase of Minnesota farms amounted to $1,019,000 in the first three months of 1940—an increase of 85 per cent above the financing for similar purposes in the first three months of 1939, says a statement from the land bank this week.
This includes new loans for the purchase of farms, purchase money mortgages, and sales contracts. There were 25 new loans for the purchase of farms, totaling $151,000 in the 3-month period this year in addition to other new loans. Total purchases in this state were 306 farms, a gain in numbers of 90 per cent.
What sub-type of article is it?
Economic Report
Agricultural Statistics
What keywords are associated?
Farm Purchases
Minnesota Farms
Federal Land Bank
St Paul
1940 Financing
85 Percent Increase
Where did it happen?
Minnesota
Story Details
Location
Minnesota
Event Date
First Three Months Of 1940
Story Details
Financing for Minnesota farm purchases through the Federal Land Bank of St. Paul reached $1,019,000 in Q1 1940, up 85% from Q1 1939. This included 25 new loans totaling $151,000 and other loans. Total farms purchased: 306, a 90% increase.