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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!