The birthplace of the nation’s Farm Credit Bank began on April 10, 1917, when A. L. Stockwell, a farmer from Larned, put up 280 acres of his farm to use as collateral in a loan.
In 1916, Congress had just passed the Federal Farm Loan Act and it was then signed into law by President Woodrow Wilson. The purpose of the Federal Land Bank was to make long-term rural estate loans to ranchers and farmers.
Wichita was granted the first charter in what would be 12 charters nationwide. Its district would include not only Kansas, but Oklahoma, Colorado and New Mexico. The first association to be granted a charter went to the Pawnee County National Farm Loan Association in Larned.
And A. L. Stockwell was the first farmer to qualify for a loan.
Digital Access For Only $0.99
For the most comprehensive local coverage, subscribe today.
Question: There is a Kansas State Historical Society marker that tells this story, where is it?
Answer to Sunday’s question: On April 27, 1935, Congress passed the Soil Conservation Act, prompting conservation practices such as crop rotations, terraces, waterways, windbreaks, wetlands, no-till farming, buffers, watershed dams, rangeland management, ponds and nutrient and pest management.
Check back at Kansas.com on Tuesday for the answer to today’s question.