Canada: SASKATCHEWAN: Mortgage Manners

Over the years, Saskatchewan wheat farmers had spent many a sleepless night worrying how to meet the mortgage. On an average, they had to net $12 an acre before they showed a profit. In 1927, they averaged $18.91, but in 1932 the yield skidded to $4.76, which spelled wholesale defaults and forced sales.

By 1944, when Premier Thomas C. Douglas' CCF regime came to power, the province's wheat farmers were sitting pretty, netting $20.03 an acre on wheat, and rapidly reducing their debts. But the socialist CCF figured that this was too good to...

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