Recent Progress of the Norwegian Agricultural and Forestry Credit Society: Significance for American Farm Forestry

In Norway the farm woodlot forms part of the total farm credit base, whereas in this country the loan value possibilities of farm woodland have been ignored. Census data showing the large values in forest products removed each year from American farm woodlots indicate that the wooded portion of a farm has considerable loan value. The snccess of the Norwegian credit society here described snggests to our forest extension specialists and others that an early start be made in the determination of how credit facilities may be extended in this country. The assurance that loans may be obtained on woodlots if properly managed should encourage an owner to view the practice of forestry in a more favorable light.