| Show Regulations Under Which Crop Loans May Be De Obtained S Secretary of A Agriculture Hyde an- an announces announces an announces Regulations under which Funds Fond for this Years Year's Farm Operations may be Obtained Reduction of 30 per cent in the willbe acreage planted crops will be required this year of farmers who procure crop production loans ArthurM S Secretary of Agriculture Arthur M Hyde announced today in mak mak- mak- mak in ing making makin public the regulations govern govern- in- in inthe govern in tb the tho 1933 loans In making available for crop I 1 I production loans this year of Reconstruction Finance specified Corporation funds Congress Agriculture fied that the Secretary of ture might require as a condition of any loan that the borrower agree ee to reduce reduce Jus his Ar or I production program on such such basis not to exceed 30 per as may be determined by the secre secre- tary secretary The secretary's regulations however however stipulate stipulate- that acreage re- re re reduction will not be required ot of farmers who in 1933 plant no nomore nomore nomore more than 8 acres of cotton 26 2 acres of tobacco 40 acres of wheat 20 acres of corn 2 acres of truck crops 8 acres of pota pota- t toes potatoes es 30 acres of rice 8 acres of peanuts production Farmers seeking crop tion this year ear are advised to obtain application blanks and cop cop- ies copies of the regulations in their home counties rather than from Washington Field agents of the Crop Production Loan Office are arenow arenow arenow now designating representatives in each farmin farming county to inform prospective borrowers of the re- re requirements requirements re requirements governing loans and to te blanks md and other necessary forms form These agents will assist farmers in fill fill- fill in ing filling fillin out applications without charge Accompanying the required 30 per cent reduction in acreage plan planted ed to cash crops above the established minimum the 1933 reg regulations regulations regulations limit the amount available to any farmer to In 1932 crop production loans were made to farmers averaging each No loan in excess of will be made any applicant who is in arrears onas on as two pre pre- previous pre previous previous loans made by the secretary of agriculture a As last year inter inter- interest interest interest est is fixed at 5 per cent to tc be deducted when the advance is made All notes are aro due on or be- be before before be before fore October 31 1933 Advances to borrowers may be made in in- in installments installments in installments the regulations state inasmuch as expenditures for cro crop production are usually made overa over overa overa a considerable period One million dollars of the 90 90 90 funds is available for live live- livestock livestock livestock stock feed in drought or storm stricken areas Charging a fee for the tion preparation of a borrowers borrower's application is expressly forbidden this year in Section 3 of the Act of Congress authorizing the crop production loans Congress further declared these loan funds to be impressed with a trust to accomplish the pur purposes purposes po poses s provided for Ly by this resul- resul tion resul-tion tion and and it shall be unlawful for any person to make any material false representation for the pur- pur purpose pur purpose pose of obtaining any loan or to assist in obtaining such loan or orto orto orto to dispose of or assist in disposing ing of of any crops given as security for any loan made under authority of this resolution except for the account of the Secretary of Agri Agri- Agriculture Agriculture Agriculture culture and for the purpose of carrying out the provision of this resolution Teeth for Section 3 are provided in a clause which orders a fine not 1000 or imprisonment not exceeding six months or both for any person found guilty of violating the above provisions The Th remaining regulations an- an announced announced an announced by Secretary Hyde are arc similar to those in force last year An absolute first lien on all of the crops grown by the b borrower in 1933 is required by th the act In counties where fertilizer is not commonly used the rate of loans must not exceed 3 3 an acre for general field crops and 12 an acre for truck crops including potatoes In counties where fertilizer is corn com commonly money used according to to the tesi- tesi tesi-mony tesi mony of representatives of the de- de department department de department of agriculture the rate must not exceed an acre for gen gen- gen gen- general general eral general eral field crops 10 an acre for tobacco to- to tobacco to tobacco bacco and 20 an acre for truck crops including potatoes Not to exceed 1 an acre of loans made at any of these rates may be used for repairs and miscellaneous expenses ex- ex expenses ex expenses of crop production other than seed fertilizer fede for work stock and fuel and oil for tractors Special provision is made for additional within loans loans within the max max- maximum maximum maximum allowed per for farmer farmer for the purpose of materials for spraying and dusting to protect crops from insects and diseases for payment of water charges electric power etc necessary to crop production on irrigated land for production expenses including employment of hand labor on sugar beets sugarcane sugar sugarcane sugarcane cane hops and rice Loans may also be made this year for sum sum- summer summer summer mer fallowing not to exceed d an acre for acreage not in excess of that planted in 1932 provided a first lien tien is given on all crops growing or to be planted grown and harvested in 1933 sufficient to coyer cover the advance In addition to the reduction required re- re re required this year in acreage of ot cash crops borrowers must agree to plant a garden for homo home use and anda anda a sufficient acreage of feed fed crops to supply feed for their livestock Acreage taken out of f cash crop production may be planted to any building soil building crop Loans will be made the regula regula- regulations regulations regulations further declare to farmers who are unable to obtain loans for crop production during the y r 1933 from other sources These loans may be made to such indi indi- individuals individuals individuals as are found by the Secre Secre- Secretary Secre- Secre Secretary Secretary tary of Agriculture to have acre acre- acreage acreage n age e fit for seeding and who are without means to purchase the supplies necessary for crop pro pro- production production pro production durin during t the o year 1933 No loans will be made to any applicant applicant applicant cant who has a means of livelihood other than farming Loans will not of machinery ma- ma machinery ma machinery be made for the purchase se chinery or livestock or for the payment of or taxes debts or inter inter- interest interest interest est on debts Loans will not be made for the feeding of livestock other than used in crop production An application for a loan ac- ac accompanied accompanied ac accompanied companied by the necessary crop lien will be pass passed d on first b by committees If advisory county a the county committee and l the llA fi field l I inspector certify the application the of it will be forwarded to one several re regional ional field offices for final approval and disbursement of the regional offic office The location TIt TIt-l I L Utah for Cal California ornia Nevada Wyoming Idabo portion south Routh Color Color- of Color Color- Colorado Colorado Idaho Idaho county and Western east ot of running line ado to a 11 Jackson Routt Eagle Pitkin Gun Gun- Gunnison Gunnison and Alamosa nison Costella counties is is- is Salt Satt Lake Lake City Utah |
