Show Local farmers use Real estate Loans during year County farmers increased the use of operating and real estate loans available through the Farmers Home Administration during tho fiscal year ending June Jay S. the agency's county supervisor reports loans of all types totaling were closed during the This compares to advanced during the 1956 Most of demand oame from farmers who expended their operations in order to make full use of their labor and increase efficiency of their farming according to on loans outstanding during the year totaled have been appropriated by Congress to continue all the loan services for the coming In addition the Agency will continue to make real estate loans with funds provided by private lenders and insured by the Fitzgerald also added that funds for Farm Ownership type loans were very limited and that the demand for this type of money in Duchesne County could not be Operating loan funds were advanced to purchase additional machinery and quality livestock and meet annual operating Costs for machinery and for other farm and home operating needs and to refinance chattel Real estate loans made by the agency fell into three farm soil and water conservation and farm Farm housing loans were made to farm owners for the construction and repair of farm houses and other essential farm build- Soil and water loans were made to cany measures for soil and to develop water system V irrigation and ownership loans were mad tj buy family-type undersized develop and refinance i The local Farmers Hone ministration committee ay prove each loan application b fore funds can be A are approved as only if other lenders adequately supply their credit tj and only if prospects are able for their being able to prove farming operations their expected to refinance loans other landers as soon as are in a position to do |