Cheyenne State Leader in Cheyenne, Wyoming

European Mortgage Systems for American Farmers

The article compares German and European land banks and mortgage bonds with American practice, arguing for a government supervised nationwide or federal mortgage system. It cites Frederick the Great and Landschaften models, noting how long term bonds and corporate farming groups lowered risk and interest. It discusses potential forms for the United States such as state land banks, national mortgage bonds, and a federal oversight to expand productive farming, reduce foreclosures, and promote intensive cultivation.