April 2013

A Primer on Farm Mortgage Debt Relief Programs during the 1930s

Jonathan D. Rose


This paper describes New Deal farm mortgage debt relief programs, implemented through the Federal Land Banks and the Land Bank Commissioner. Along with the Home Owners' Loan Corporation, the analogous program for nonfarm residential mortgage borrowers, these were the first large-scale mortgage debt relief programs in US history.

Full paper (Screen Reader Version)

Keywords: Loan modification, farm mortgages, New Deal, Great Depression

PDF: Full Paper

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Last Update: June 26, 2020