Christmas on the Hustings

Reagan hands out election-year goodies to key voters

Between high interest rates and falling land prices, many farmers are in serious trouble, suffocating in a credit squeeze.

So what is the presidential candidate's solution?

During a campaign trip to rural Iowa, he outlined "a major initiative to assist farmers trying to cope with debt burdens." It was an emergency aid scheme of the kind Democrats are wont to suggest, involving a stretched-out repayment schedule for Government loans and federal guarantees of private credit. The package could cost as much as $1.3 billion.

And what does...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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