If Thomas defies the bank, he won't get his usual crop loan next year.
The interest farmers paid for the availability of crop loans more than paid for the program.
However, "on the first milling season in 1920 the planters paid up not only their crop loan but their original debt to the Bank."
And by the way,' he says, 'you going to need the usual amount for a crop loan next year?
Pineapple, which lately bloomed in production due to the government assistance on crop loan, has made farmers to plant most of the coco-based areas.
That was their crop loan, and the money was spent on seed, fertilizer, labor, and other expenses.
I certainly wasn't supposed to know about their crop loans and debts.
The poor people who labored in the fields didn't make enough to pay their crop loans.
My father was probably worried about the crop loan, a debt that would now be impossible to repay.
The crop loan would be "rolled over" until next spring, and they would deal with it then.