Cooperative Farm Credit loans total $36.7 billion.(30 Years Ago ... From the May & June 1977 issues of Farmer Cooperatives)

Rural Cooperatives | May 1, 2007 | Copyright

The Farm Credit System's loans outstanding on Dec. 31, 1976, totaled $36.7 billion, a 15.7 percent increase from $31.7 billion a year earlier. Farmers and their cooperatives borrowed a total of $34.6 billion through the lending units of the Farm Credit System during 1976, a 15-percent increase from the $30.1 billion borrowed in 1975, according to figures released by the Farm Credit Administration.

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