Record #:

32313

Author(s):

Not Given

Abstract:

Farmers are being hurt by the credit squeeze imposed by North Carolina’s six-percent interest ceiling. Large and small-scale North Carolina farmers have traditionally financed their machinery and equipment, and borrowed for living costs against their crops, through financial institutions. Because higher interest rates in other states are luring away low capital, private credit to farmers is said to be increasingly unavailable in North Carolina.

Source:

We the People of North Carolina (NoCar F 251 W4), Vol. 27 Issue 3, Mar 1969, p25-40, por

Subject(s):

Farmers--Economic conditions; North Carolina--Economic conditions