|
|
Article: Cooperative Farm Credit loans total $36.7 billion.(30 Years Ago ... From the May & June 1977 issues of Farmer Cooperatives)
- Article from:
- Rural Cooperatives
- Article date:
- May 1, 2007
CopyrightCOPYRIGHT 2007 U.S. Department of Agriculture, Rural Business - Cooperative Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Farm Credit System's loans outstanding on Dec. 31, 1976, totaled $36.7 billion, a 15.7 percent increase from $31.7 billion a year earlier. Farmers and their cooperatives borrowed a total of $34.6 billion through the lending units of the Farm Credit System during 1976, a 15-percent increase from the $30.1 billion borrowed in 1975, according to figures released by the Farm Credit Administration.