Title: MARGINAL PRODUCTIVITY OF CREDIT FOR PROGRAMMED FARM ADJUSTMENTS AND FACTORS LIMITING THE USE

Is it possible for farmers on less-than-optimumfarm units to adjust their units to more economical scale? Is it profitable to use borrowed capital to make such adjustments? If so, is the necessary credit available? These are the major aspects of the problem covered by this project. The study included three groups of farms of less than opti-mum size in the Columbia Basin. The optimum family farm has been defined as ownership or control of 1600 acres of cropland in the wheat- summerfallow areas. The three groups studied were those having: (1) 240-560 acres, (2) 561-880 acres, and (3)881-1200 acres of cropland. The farms studied were all full-time units specializing in small grains, and using moldboard'1 type summerfallow operations. Half of the farmers in each group studied had a minor livestock Redacted for Privac