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Cheaper credit for North Carolina farmers urged
An agriculture policy meeting in Raleigh urged cheaper and more adequate farm credit and greater diversification to secure cash basis farming. A survey by Dr. G. W. Forster showed tenants paid up to 71 percent interest on supplies from time merchants, while owners paid about 6 percent on bank loans. The group favored county or district credit corporations backed by Federal Intermediate Credit Banks to extend longer term loans at 6 to 8 percent, with capitalization of at least 10 000 dollars to start.
MENTIONED IN THIS ARTICLE
Einterprise Bureau
Sir Walter Hote
J. C. Baskerwill
Raleigh
North Carolina
Farm Hands Club
School of Agriculture
State College
State Department of Agriculture
North Carolina Bankers’ Association
C. A. Johnson
Tarboro
G. W. Forster
Coastal Plain
Forster