The Land Boom & The Farm Loan Crisis

Milton Lambert>NIU Collection>NIU Collection, Segment 13

The Land Boom & The Farm Loan Crisis,

duration 02:32
Mentions the importance of food and farmers, centrality of the farm economy to the country's survival. Milton reflects on the previous overextension in farming, recounts land prices during the boom and the economic in viability of turning a profit. Availability of credit for equipment, land, etc. Then, interest went to 16%. It affected everyone.