OCR Text |
Show POTATO LOANS ARE AVAILABLE A potato loan program for producers pro-ducers and dealers, covering 1948 late-crop Irish potatoes, was announced an-nounced today by G. Frank Nelson, member of the Utah state committee com-mittee of the production and marketing mar-keting administration. Loan rates for Utah to either a producer or dealer, on potatoes suitable for storage and properly stored in approved permanent storage are: on U. S. No. 1 potatoes, po-tatoes, $1.40 per cwt. and 45c per cwt. on U. S. No. 1, Size B and U. 'S. No. 2, 1 inches minimum diameter, potatoes. Mr. Nelson stated that while the loan program supplements price support by providing needed harvest-time financing, participation in the loan program will be wholly voluntary - and will not affect eligibility for price support. To obtain a loan, a producer must be certified by his County AAA committee as eligible to participate par-ticipate in 1948 potato price support sup-port operations and his certificate of eligibility must be in full force and effect. The eligibility certificate certifi-cate includes a provision that the producer must have remained within, his acreage goal and a requirement re-quirement that only the better grades of potatoes be offered for sale in commercial markets. |