Agricultural Economics Department
Mortgage, Farm Real Estate, Turner County, Agricultural Economics, Middleton Township, Hurley Township, Norway Township, Farm Management
Purpose of Study. – This study of the farm mortgage situation in Turner County is a part of a larger research project including also the counties of Brookings, Clark, Haakon and Hyde. The immediate purpose has been to determine the facts with respect to the actual farm mortgage situation as revealed by the records in the office of the register of deeds. It is expected that analysis of the data will give rise to certain findings and conclusions on the basis of which recommendations can be made for the improvement of the farm mortgage conditions. Such improvements must benefit both borrowers and lenders if they are to be permanent. Thus, greater safety for the lenders should result in lower interest rates for the borrowers. If the customary loan contract does not fit present needs of farmer borrowers a modification of the terms of the contract in the interest of the mortgagors should in the long run also redound to the advantage of the mortgagees.
South Dakota State State College of Agriculture and Mechanic Arts, Agricultural Experiment Station
Lundy, G., "Mortgage Loans on Farm Real Estate in Turner County, South Dakota, 1910 - 1930" (1933). Agricultural Experiment Station Circulars. 12.