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6,183 farmers, representing o.o per cent of the farmers in the state, who made farm real estate loans in an aggregate amount of 712,363,000. The prosperity of the state’s farmers is shown by the fact that only $28,177,000 in real estate loans were outstanding at the begining of this year.
“The total of all bank-held farm debt in Virginia on January 1, I960, was $54,331,000.’’
Mr. Brown noted that one of the brightest aspects of the present farm debt situation is the small size of the average loan, indicating the service that banks are “rendering to the owners of small farms in particular. The ave
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