The Farmer and the New Day Volume 3

The Farmer and the New Day Volume 3

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ... 1913 to study agricultural credit and cooperation, was expressed by the former Premier of Italy, Luzzatti, when he said: "We have capitalized character." That is, a community of farmers of very moderate means, if they know one another and are willing to back one another, can borrow a great deal more money and on far better terms if they act together, than the different individuals in that community can do if each acts alone. There is an irrigated valley in the West in which the farmers own property probably worth ten million dollars. Yet each individual is obliged to borrow money on the best terms he can get as an individual. The farmers of this valley are really or may become practically a unit, a corporation. As such, they should be able to borrow strictly in accordance with good business terms all the money they need for improvements or for making the crops. They can do it only as they form a real community. They must act together to the last man. They must be willing to pool their business interests, to take some business risks together. Probably American farmers will be rather slow in applying this principle but it is fundamental, nevertheless, and lies at the foundation of a permanent system of rural credit, which in turn is almost essential to a permanent agriculture. SOME OTHER APPLICATIONS OF THE COMMUNITY IDEA The farm community may produce its own supplies to a considerable degree. It may partially feed itself. It may build its own houses, make its own furniture, have its own laundry, can or preserve its own surplus fruit, produce its own butter, meat, eggs and poultry, bake its own bread; it may even do its own sewing! Now the question whether the community will do these things or not is purely one of economy. If it more

Product details

  • Paperback | 86 pages
  • 189 x 246 x 5mm | 168g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236545664
  • 9781236545664