In your editorial (March 19), "Farms at Stake," you state that the farmers of America are in a serious economic state and must be helped. This is true; however, your suggestion of accelerating the processing of federal guarantees of commercial loans is not the solution.
Your solution is merely a suggestion of more of the same and is not an answer to this overwhelming problem. Accelerating of loans will help farmers this spring, but how about next spring, and the spring after that? Your own statistics reveal that simply cramming money down the farmers throats does not provide for improvement and in some instances may prove to be harmful.
Loans create problems for any kind of debtors, whether it is a company or our farmers. Loans discourage incentive. If the farmers can continue getting loans, why should they try to bring their farms out of debt if they do not need to?
Furthermore, this can continue into even further debt. Farmers will keep accepting loans year after year and not care if they are in debt because they have lost the incentive to bring their farms out of the hole and because they know they will get more money in years to come.