Loans of Production Credit Associations to Minnesota Farmers

Abstract

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 are realized.