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Heavier Burden Placed On Land Banks As Some Lenders Withdraw
Farmers face higher credit pressure as activity slows among some farm lenders. Thomas A Maxwell Jr, president of the Federal Land Bank of Omaha, told a regional conference that funds are being sought to meet agricultural needs across Iowa Nebraska South Dakota and Wyoming. He warned that rising bond costs push loan rates to six percent and that banks must absorb or pass on these increases. The meeting drew 100 managers and directors from 13 associations. 1967 will mark the Land Bank System’s 50th anniversary with the theme American Farmer Provider of Plenty. Loans exceeded 635 million by end July with projections toward 1 billion in 5 years.
MENTIONED IN THIS ARTICLE
North Platter
Federal Land Bank
Thomas A. Maxwell, Jr
Federal Land Bank of Omaha
Land Bank
Nebraska
Iowa
South Dakota
Wyoming
Maxwell
Nationwideederal Land Bank
Welle
Ile
Lic
Warren W. Sachs
College of Agriculture
University of Nebraskae R
Edward Baur
van Meter
Farm Credit Board
H. W. Frerichs, Jr
Federal Intermediate Credit Bank
Ivan Packard
The
Merle E. Betts
Omaha Bank For Cooperatives
A. C. Buffington
Wilbur Erickson
FLB
H. Odell Grafton
Wilsonville
Clyde L. Licking
Seneca