Years of lending to farmers has given Mike Weasel the patience of Job in dealing with everything from pestilence to flood. But the sputtering effort to develop a national secondary market for long-term farm real estate loans has really tested him.

Mr. Weasel, a veteran farm lender who heads the ag loan pooling effort for Huntington National Bank, Springfield, Ohio, admits that, though he is a believer in the future of the loan market overseen by the Federal Agricultural Mortgage Corp., he is frustrated by a lack of progress in the seven-year-old effort.

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