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Newspaper
Mount Dora Topic
Location
Mount Dora, Florida, United States of America
Date
Aug 02, 1934
Page
12
W. S. Myers, governor of the Farm Credit administration, reports foreclosures reduced to under 5 percent in the past year while farm holdings in May stood at 82,939,000 dollars, up about 2 percent from May 1933. He notes 1931 and 1932 each saw about 50 percent increases in bank owned farms. The farmer loan body emphasizes its policy.
UF College of Agriculture graduates were sought for leadership roles in progressive farming. Within two weeks after June commencement, more than half of the 1934 class had found employment.
The article defends foreclosing only on borrowers who fail to meet obligations while making honest efforts to manage income, pay expenses, and protect their security. It stresses fair treatment of those doing their best to fulfill debts and maintain financial responsibility.
Polk county and the state report a sharp rise in commercial fertilizer use with spring and summer activities. A total of 41 824 tons were applied in May across the region, reflecting increased agricultural input.
The report analyzes four operative periods of the season under a Control committee for fruit shipments. It compares auction and f.o.b. prices and volumes for oranges grapefruit and tangerines, noting price gains during control periods and declines when control ended. The data emphasize volume shifts, price margins, and the impact of injunctions on market behavior.
Hearings on alleged violations of the citrus marketing agreement and license were completed in Orlando in late July. Government attorneys outlined the Florida Control committee and its powers, examining witnesses on shipments beyond allotments and diversion to Chicago. Actions to be taken will be sent to Secretary Wallace for possible license revocation.
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