Characteristics of Farm Mortgages Recorded January 1 through March 31, 1963

Van E. Eitel

No 320554, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: Farm mortgages recorded by the principal lender groups in the first quarter of 1963 averaged $14,320, carried an average interest rate of 5.65 percent, and were written for an average term of 17 years. The average size was 30 percent larger than in this period 2 years earlier. The average interest rate was lower by 0.14 percentage point and the average term was 0.9 year longer. These and other findings are from an analysis of the characteristics of about 53,000 farm mortgages recorded in approximately 1,600 counties in the United States during the first quarter of 1963. Data for this biennial survey were obtained by the Farm Credit Administration in cooperation with the Federal land banks and from managers of Federal land bank associations, county recorders, and others. The major life insurance companies also provided data on their farm-mortgage loans made in the period.

Keywords: Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
Pages: 12
Date: 1965-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:320554

DOI: 10.22004/ag.econ.320554

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