The Federal Farm Loan Act of 1916 (Pub.L. 64-158, 39 Stat. 360, enacted July 17, 1916) was a United States federal law aimed at increasing credit to rural, family farmers. It did so by creating a federal farm loan board, twelve regional farm loan banks and tens of farm loan associations. The act was signed into law by President of the United States Woodrow Wilson.
Read more about Federal Farm Loan Act: Background, Effect On The Rural Farmer, Structure of Implementation
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—Cardiss L. Collins (b. 1931)
“A farm is a good thing, when it begins and ends with itself, and does not need a salary, or a shop, to eke it out.”
—Ralph Waldo Emerson (1803–1882)
“Slight was the thing I bought,
Small was the debt I thought,
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—Paul Laurence Dunbar (1872–1906)
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—Angelina Grimké (1805–1879)