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Farm Loan—
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less than tour-tentns ol one per cent, which has been more than compensated by interest payments.” Recently, Secretary of Agriculture Orville L. Freeman called the Bankhead-Jones Act “One of the great landmarks in American agriculture. At! the time the legislation was> passed, two out of every fivefarmers were tenants and more were becoming tenants every day. Today, about 83 per cent of the nation’s farmers are full or part owners of the land they operate.” Compton observed that without these loans many of the farmers involved might have been forced off their farms jand into crowded cities. “With these**foarr»sy’ he iS?fi<#f^tiese' farmers have been able to live in and help build rural Virginia.”
Secretary Freeman announced recently that a 5-year national progress report, through fiscal 1967, shows that the average FHA borrower increased his gross income from $10,115 before his loan to $18,565 five years later. The Culpeper Office of the Farmers Home Administration serves the counties of Culpeper, Madison, Orange, Fauquier and Rappahannock. The office is locatetTat 608 S. Main Street. -
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