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The interest rate on direct loans is determined by the Farm Service Agency and does not exceed the federal cost of borrowing plus 1 percentage point. However, loans to limited resource borrowers can be made at significantly below market rates. The interest rate on guaranteed loans is negotiated between the borrower and the lender. [2]
Agricultural Marketing Act; Other short titles: Agricultural Marketing Act of 1929: Long title: An Act to establish a federal farm board to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, and to place agriculture on a basis of economic equality with other industries.
The Federal Farm Loan Act of 1916 (Pub. L. 64–158, 39 Stat. 360, enacted July 17, 1916) was a United States federal law aimed at increasing credit to rural family farmers. [ 1 ] [ 2 ] It did so by creating a federal farm loan board, twelve regional farm loan banks and tens of farm loan associations.
1937-1948 era Oliver Model 80 agricultural tractor. The Oliver Farm Equipment Company was an American farm equipment manufacturer from the 20th century. It was formed as a result of a 1929 merger of four companies: [1]: 5 the American Seeding Machine Company of Richmond, Indiana; Oliver Chilled Plow Works of South Bend, Indiana; Hart-Parr Tractor Company of Charles City, Iowa; and Nichols and ...
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Charles Campbell Worthington (1854–1944) was a successful businessman, owner of the Worthington Pump and Machinery Corporation. [1] In the late 1890s he began to spend an increasing amount of time at his country home in Shawnee on Delaware, in Pennsylvania on the banks of the Delaware River, about 75 miles (121 km) to the west of New York. [2]
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