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Show April 2002 Farm & Ranch Edition 9 Loans give youth chance at business By PATSY STODDARD Emery County Progress The U.S. Department of Agriculture's Farm Service Agency has youth loans available for youth in the Castle Valley area. These loans are available to e 0 to youth income establish an earning project. Lori Brady is the FSA 10-2- years-of-ag- loan officer for the Emery Carbon office. She said, These loans are available to youth in Emery and Carbon counties. This is a rural program for communities with a population under 10,000. We can loan up to $5,000 for the project. We have many cowcalf operations, also kids who have bought a steer, pig, or lamb to raise for the stock show. There are any number of projects these loans could be used for. We have someone doing lawn maintenance, a boy who breaks horses, and a boy with his own composting business. One boy used his loan to seed an alfalfa field and when he sold the hay he paid back the loan. Another youth restored an old car to resale. The loans can be used to purchase animals, equipment STEEL and supplies. To rent or purchase needed tools and also to pay for operating expenses. These projects really teach the youth responsibility. They have to do record keeping, keep track of their debt repayment and depending on the project they keep track of production expenses, production yield, price per pound for their animal and many related items. This is an excellent program, they have up to seven years to repay the loan. A lot of the success of the program participants has been the amount of parental support they receive. The youth should facilitate their project with a club, FFA organization, vocational teacher or their parents could support them in their project. Each project is supervised. This program also depends on how ambitious the youth 4-- H Daine Behling started his own composting business with help from Agency youth loan program. They worry about it and make sure their payments are taken care of. To begin the procedure they will fill out an application, we will work out a budget to see if it cash flows; we do not give under secure loans. For example, if they buy a cowcalf, then the animals are used as collateral. The parents sign an are. If they are working for themselves they have a tendency to work harder, they are more dependable, reliable and responsible. I have had kids with a loan payment coming due and they will call me and say, I won't be getting my check for the stock show until next week. R00FIMGSIDING BURGUNDY BRONZY ; r" agreement to support the youth. The youth submits an BARM DOOR SYSTEM "DO IT YOURSELF" SLIDING DOOR SYSTEM usrmtssiaia-ucwfwm- t unnwumamtatsrua BLUE tmn 4ri24'UI6TH (17.M m Covers 2 after lap B (n Sncktt t BUY NOW!! Ywr IhMi (Npjb tag vaar-iririr-it'-k Present this od to get these prices METAL better shoppers and budget their money. I've always thought a Continued on page 10 More Milan you think. More options. More services. More of your needs met. Call your Farm Bureau agent today to discover your options. Farm Bureau Financial Services. . . more than you think. Home Life Annuities Commercial Farm & Ranch IRAs Auto " one time savings YMH Y0V HflD worth. It teaches them to be CMMi $111 n "EC0N0-RI- outline of the project. The youth do the planning, one boy worked for his father in exchange for hay; it teaches them how much their labor is the Farm Service HEED (801 ) MFTAIMAST 768-333- 2 KB . Q Si financial Farm Bureau Insurant e Investments slrvio-- s |