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A primer on farm mortgage debt relief programs during the 1930s

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  • Jonathan D. Rose

Abstract

This paper describes New Deal farm mortgage debt relief programs, implemented through the Federal Land Banks and the Land Bank Commissioner. Along with the Home Owners' Loan Corporation, the analogous program for nonfarm residential mortgage borrowers, these were the first large-scale mortgage debt relief programs in US history.

Suggested Citation

  • Jonathan D. Rose, 2013. "A primer on farm mortgage debt relief programs during the 1930s," Finance and Economics Discussion Series 2013-33, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfe:2013-33
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    References listed on IDEAS

    as
    1. Raymond J. Saulnier & Harold G. Halcrow & Neil H. Jacoby, 1958. "Federal Lending and Loan Insurance Programs for Housing," NBER Chapters, in: Federal Lending and Loan Insurance, pages 286-362, National Bureau of Economic Research, Inc.
    2. Howard H. Preston & Victor W. Bennett, 1934. "Agricultural Credit Legislation of 1933," Journal of Political Economy, University of Chicago Press, vol. 42(5), pages 1-6.
    3. Rucker, Randal R & Alston, Lee J, 1987. "Farm Failures and Government Intervention: A Case Study of the 1930' s," American Economic Review, American Economic Association, vol. 77(4), pages 724-730, September.
    4. Howard H. Preston, 1936. "Our Farm Credit System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(4), pages 673-684.
    5. Alston, Lee J, 1984. "Farm Foreclosure Moratorium Legislation: A Lesson from the Past," American Economic Review, American Economic Association, vol. 74(3), pages 445-457, June.
    6. Price V. Fishback & Jonathan Rose & Kenneth Snowden, 2013. "Well Worth Saving: How the New Deal Safeguarded Home Ownership," NBER Books, National Bureau of Economic Research, Inc, number fish12-1.
    7. H. C. M. Case, 1935. "Farm Debt Adjustments," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 17(2), pages 290-300.
    8. Price V. Fishback & Alfonso Flores-Lagunes & William C. Horrace & Shawn Kantor & Jaret Treber, 2011. "The Influence of the Home Owners' Loan Corporation on Housing Markets During the 1930s," The Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 1782-1813.
    9. Raymond J. Saulnier & Harold G. Halcrow & Neil H. Jacoby, 1958. "Federal Lending and Loan Insurance," NBER Books, National Bureau of Economic Research, Inc, number saul58-1.
    10. Alston, Lee J., 1983. "Farm Foreclosures in the United States During the Interwar Period," The Journal of Economic History, Cambridge University Press, vol. 43(4), pages 885-903, December.
    11. C. Lowell Harriss, 1951. "History and Policies of the Home Owners' Loan Corporation," NBER Books, National Bureau of Economic Research, Inc, number harr51-1.
    12. Fishback, Price V. & Rose, Jonathan & Snowden, Kenneth, 2013. "Well Worth Saving," National Bureau of Economic Research Books, University of Chicago Press, number 9780226082448.
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