FARMS: Success Story

Farmer Joseph Wall, 34, stepped into the office of the Farm Security Administration at Guthrie Center, Iowa and—37 years before it was due—blandly paid the last installment on his $8,257 FSA loan. Last week the well tilled 80-acre farm and well tended stock, which Farmer Wall cautiously estimates are worth $20,000 at 1944 values, were free & clear of debt.

High Hopes and a Pair of Mules. Slim, ruddy Farmer Wall had come a long way since 1935. That year he rebelled at working any longer as a hired hand for $20 a...

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