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The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
What is this article about?
At a district convention in Jamestown, N.D., on July 17, 1929, officers of the Federal Land Bank of St. Paul reported improvements in North Dakota farming conditions, including a 26% reduction in delinquencies and 38% fewer foreclosures compared to 1928, plus a 50% increase in farms sold in early 1929.
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BANK OFFICER SAYS
District Convention of Farm Loan Association Hears Favorable Report
Jamestown, N. D., July 17.-(AP)-
Progress in North Dakota farming conditions the past year were reported by officers of the Federal Land Bank of St. Paul at a district convention of the National Farm Loan associations here yesterday.
Holding that farmers are improving their position, George S. Gordhamer, treasurer of the bank, stated that in 1929 North Dakota shows a reduction of 26 per cent over 1928 in delinquencies of farmers' interest payments. "There were 38 per cent fewer foreclosures under way on June 30, 1929, than a year ago," he said.
"During the first six months of this year the bank showed an increase of approximately 50 per cent in the number of farms sold over the number sold in the same period a year ago," stated F. H. Klawon, president, who pointed out the same increase holds true in the number of acres sold and amount of money received.
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Where did it happen?
Domestic News Details
Primary Location
Jamestown, N. D.
Event Date
July 17, 1929
Key Persons
Outcome
26% reduction in delinquencies over 1928; 38% fewer foreclosures on june 30, 1929; 50% increase in farms, acres sold, and money received in first six months of 1929
Event Details
Officers of the Federal Land Bank of St. Paul reported progress in North Dakota farming conditions at a district convention of the National Farm Loan associations, stating farmers are improving their position with reduced delinquencies and foreclosures, and increased farm sales.