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Farmmortgage indebtedness shows further decline

Farmmortgage indebtedness shows further decline The current issue and full text archive of this journal is available at www.emeraldinsight.com/0002-1466.htm Farm-mortgage AGRICULTURAL FINANCE REVIEW indebtedness CLASSIC Farm-mortgage indebtedness shows further decline Donald C. Horton Agricultural Economist, and E.J. Engquist, Jr Associate Agricultural Economist Farm-mortgage indebtedness in the United States continued to decline during 1935 and 1936. The total outstanding fell 1.9 percent in 1935 and 3.3 percent in 1936. The volume of farm-mortgage debt was estimated at $7,254,821,000 on 1 January 1937, compared with $7,500,489,000 a year earlier, $7,645,091,0000 on 1 January 1935, and with $9,214,278,000 on 1 January 1930[1]. The reduction of $245,668,000 during 1936 compares with a decline of $144,602,000 in 1935. The percentage decline during the year 1936, was almost as great as the annual average percentage decline for the 5 years 1930-1934. The trend of farm-mortgage debt and the mortgage holdings of principal lending groups are shown in Table I and Figure 1. The proportion of total farm-mortgage debt held by the Federally sponsored credit agencies has continued to rise. On 1 January 1937, the Federal land, banks and the Land Bank Commissioner held 39.8 percent of the estimated farm-mortgage debt, as compared with 38.1 percent a year earlier, 32.7 percent http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Agricultural Finance Review Emerald Publishing

Farmmortgage indebtedness shows further decline

Horton, Donald C.; Engquist, E.J.
Agricultural Finance Review , Volume 69 (1): 8 – May 8, 2009
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0002-1466
DOI
10.1108/00021460910960435
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Abstract

The current issue and full text archive of this journal is available at www.emeraldinsight.com/0002-1466.htm Farm-mortgage AGRICULTURAL FINANCE REVIEW indebtedness CLASSIC Farm-mortgage indebtedness shows further decline Donald C. Horton Agricultural Economist, and E.J. Engquist, Jr Associate Agricultural Economist Farm-mortgage indebtedness in the United States continued to decline during 1935 and 1936. The total outstanding fell 1.9 percent in 1935 and 3.3 percent in 1936. The volume of farm-mortgage debt was estimated at $7,254,821,000 on 1 January 1937, compared with $7,500,489,000 a year earlier, $7,645,091,0000 on 1 January 1935, and with $9,214,278,000 on 1 January 1930[1]. The reduction of $245,668,000 during 1936 compares with a decline of $144,602,000 in 1935. The percentage decline during the year 1936, was almost as great as the annual average percentage decline for the 5 years 1930-1934. The trend of farm-mortgage debt and the mortgage holdings of principal lending groups are shown in Table I and Figure 1. The proportion of total farm-mortgage debt held by the Federally sponsored credit agencies has continued to rise. On 1 January 1937, the Federal land, banks and the Land Bank Commissioner held 39.8 percent of the estimated farm-mortgage debt, as compared with 38.1 percent a year earlier, 32.7 percent

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Agricultural Finance Review – Emerald Publishing

Published: May 8, 2009

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