THE AMOUNT OF CAPITAL required to operate a farm has
increased greatly in the last half century. This has been especially
true in recent years with rapid and far-reaching changes in technology
and mechanization. Farmers today have large investments
in power-driven machinery, improved livestock, and other equipment.
Seeds, feeds, sprays, and fertilizers require additional operating
capital. While these improvements increase returns, the
outlays they involve often have to be made long before returns
Berg, Sherwood O.; Koller, E. Fred; Jesness, O. B..
Loans of Production Credit Associations to Minnesota Farmers.
Minnesota Agricultural Experiment Station.
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