Metropolitan Life Farm Loans Support Wide U S Mortgages
Metropolitan Life Insurance Company's farm loan division holds mortgages on about 3.75 million acres across 25 states totaling 142.344 million dollars as of December 31, 1923 with 45 foreclosures in the year and only eight Minnesota farms foreclosed, reclaimed later. Robert Lynn Cox notes substantial ongoing loans in Iowa South Dakota Nebraska Kansas Mississippi Oklahoma Arkansas Missouri and other central north western and southwestern regions. He predicts a hopeful rise in farmer prosperity and a broader rural contribution to economic recovery.