The young man interested in farming, even though he starts as a hired hand, usually looks forward to the time when he will operate his own farm. He passes through a series of stages, the more important ones of which are tenancy; encumbered ownership; and finally full ownership, mortgage free.
Looking back upon the agricultural history of the Middle West, it is clear that this step by step advance of farmers has been well borne out by experience. The process has been general enough and sufficiently orderly to become known as the agricultural ladder.
"Farm tenure in Iowa: II. Facts on the farm tenure situation,"
Bulletin: Vol. 31
, Article 1.
Available at: https://lib.dr.iastate.edu/bulletin/vol31/iss356/1