Excerpt from Statistics of Farms, Homes, and Mortgages: Ownership and Dept, Summary for 22 States and Territories
Every family is regarded as occupying a farm or a home not on a farm, and as hiring such farm or home, or owning it free of incumbrance, or owning it subject to incumbrance. In the class last named, and in no other, account has been taken of the incumbrance, its rate of interest and object, and the value of the farm or home.
Habitation proprietorship. - Table 1, in which farm and home families are consolidated, shows that of the families of the 22 states and territories there are or per cent of the total, that hire their farms or homes, and or per cent, that own them. Of the families that own, or per cent, have farm or home incumbrance, and or per cent, are free of incumbrance. In 100 families, on the average, hire their farms or homes, own with incumbrance, and own without incumbrance.
Farm proprietorship. - There are farm families, which are per cent of the total number of families. Of these or per cent, own and or per cent, hire the farms cultivated by them, while of the owning families or per cent, have incumbrances on their farms and or per cent, have no incumbrances. The average 100 farm families are composed of that hire, that own with incumbrance, and that own without incumbrance. These figures are presented in Table' 2.
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