Show H. H E. E Peterson Tells Tens r Aid to Farmers Brought Big Returns A 21 per cent increase in annual net income has been averaged by bythe bythe the small farmers in Utah who arc receiving ing loans and farm farmand farmand farmand and home management assistance under the department d of agricultures agriculture's jure's jures rural rehabilitation program it was announced today by Laur Laur- Laurence Laurence Laurence ence I. I Hewes Jr regional director director director tor oJ of the Farm Security Adminis Adminis- tra tion Utah borrowers earned a anet anet net income of 1084 1034 during 1940 as compared with in the year before they borrowed from Farm security Mr Hewes said The figures also show that Utah borrowers borrower increased their average I net and above all debts including their obligations to the government government government-by by 28 per cent since coming into the program These figures mean that borrowers in Utah have added a a total of to the wealth of their communities and have h ve increased ed their total incomes by Mr Hews Hew s said Naturally Naturally Naturally ally this growth in purchasing power and nd prosperity has been re re- reflected reflected re- re reflected on the books of merchants and other businessmen of the state Utah borrowers are arc rapidly re repaying re- re repaying repaying paying their rehabilitation loans and already have paid back 2102 on loans totaling al- al although though much of the money does docs not fall due for fo four or five fie years Mr Ir Hewes said The farm and home man man- management manI management plans which encourage I farmers to get et away from croo one farming arming by by- by raising more of their own food and feed for livestock re resulted suited in the th average e Utah family on the program producing worth of goods for home consumption consumption tion ion as with before they came into o the program i This i included gallons of milk per family fa mil pounds of meat mca and quarts of vegetables am and fruit canned for the winter This increased production o of food did not add to the supply in inthe inthe inthe the commercial market but simply meant a better diet better health and a raising standard rd of living fo for these families Mr Hewes said The Thic farm farm- debt adjustment service ervice available to all farmers re re- re resulted suited stilted m in ii debt de t reductions totaling representing a scale down of per cent for Utah farmers As a direct result in back taxes had been paid to local govern go menta Eighteen loans totaling have been made in the nast Dast three thre years to enable Utah farmers f to purchase farms under the Farm S Se Sc Security Tenant Purchase program Mr Hewes reported This year 10 K such loans Joans' arc are expected to b be made Mr Hewes announced a field su sur survey survey vey showed there arc Pare 1966 Utah Uta families who are eligible and i in need of rehabilitation loans but bu who have been unable n ble to get them because of limited funds In view of the fact that th the borrowers were unable to gc get adequate credit elsewhere and that tha many of them were formerly on r re I lief we feel the past years year's record I is a tribute to their honesty and industry Mr Hewes concluded There is ample evidence that the great majority of them arc are getting back on their feet and becoming permanently perm len self The progress as contained in the above report is very typical of the progress being made by Davi Davis county borrowers borro ers announced Henry E. E Peterson Farm Security Administration Supervisor |