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(Studio) Absentee ownership of Midwest farms reported.
REPORTER: Jessica Savitch
(Wayne City, Illinois) Farm near Wayne City, Illinois, owned by German family, featured. For. ownership of United States farms reported [Al BEASLEY - is not concerned with regard to purchase of farms by foreigners.] Positive effect on economy of town by purchases of German family reported Role of big Chicago banks in transactions noted. [President Illinois FARMERS UNION - believes fors. should report ownership of United States property.] Iowa law to this effect noted. Congress action re: subject anticipated.
REPORTER: Jim Cummins
- Cummins, Jim;
- Savitch, Jessica
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