Jasper County Democrat, Volume 20, Number 12, Rensselaer, Jasper County, 9 May 1917 — MONEY FOR FARMERS. [ARTICLE]

MONEY FOR FARMERS.

[National Crop Improvement Service.] Many of our farmers will not have money enough to put in a maximum crop. This should not be the case. Of course, during this war excitement it is pretty hard to get onyone to do anything but run around in circles, but the greatest business problem we have is to finance our farmers so that they can get the maximum results for themselves and for our community. We believe that if the banks will ask young farmers and tenants who have not established their credit, to make a statement regarding what they want to do with the money, that they will take very little risk in advancing whatever money any farmer will intelligently use this year. It is true that the federal reserve banks will re-discount farmers’ paper, but they do it entirely on the credit of the bank asking for the re-discount. We believe that our business men would be very glad to pro-rate any loss that any bank would make in extending loans to any. farmer who wants to increase the production of his farm even though his land may be mortgaged -all that it can stand. Especially in those counties where county agents can advise and O. K. the project, our bankers should have no' hesitancy in furnishing whatever money may be required. There is very little risk because the world is short of food and everything will be high for this year and probably several years to come.