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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Sikeston Herald
Location
Sikeston, Missouri, United States of America
Date
May 12, 1955
Page
11
The article notes that farmer owned power co operatives were virtually unknown and large scale financing was difficult. It discusses the farm market for electrical appliances like stoves refrigerators and washing machines.
The REA has approved nearly 3 billion dollars in loans to about 1100 rural borrowers, including co operatives municipalities and a few commercial firms, expanding electricity to over 4.4 million rural customers. Average rural electricity cost is about 3 cents per kilowatt hour. Output per man hour has doubled due to electricity. The electrified farm leads modern household and farm power driven equipment sales. By 1956 a large portion of plans will be built. power needs will double by 1963 and triple by 1975. Citizens are urged to press Congress to resist curtailment of the REA program.
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