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the land value as being the primary factor, “We will not finance a ten-acre lot with a $200,000 house because the value is in the house.”
Henry attributes this stringent lending policy to the fact that a ten-acre tract of farmland does not generate a lot of agriculture. The other factor controlling loans on rural housing is that only 15 percent of the Federal Land Bank monies can be loaned out for these projects.
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90.1%