Salt Lake Telegram | 1934-07-04 | Page 14 | Feed Finance Data Are Given

FEED FINANCE DATA ARE GIVEN District Supervisor Explains Relief Plan Operation Operation Op Op- Ij- Ij FARMINGTON Loans FARMINGTON-Loans Loans to farmers and nd stockmen for the purchase of ofed feed ed or seed for forage lorage crops are now available in all counties which have been een designated as emergency areas according to Joseph L L. Mabey district dis- dis supervisor of the farm credit administration I Loans will be made to applicants who ho because of drouth do not have havethe havethe the ic necessary feed to maintain their livestock and must buy feed or produce pro pro- duce uce a forage crop and who have not the he funds lunds or available credit to obain ob ob- tam ain tain such feed or undertake the production production pro- pro of ot a forage crop he pointed out ut Security for the drouth relief relict loans will vill consist of the borrowers borrower's promissory prom prom- note accompanied by a non non- disturbance agreement signed by each chattel mortgage e lien holder except where here the lien holder is a production tion on credit association regional agricultural agricultural agri- agri cultural credit corporation federal land and bank the secretary of agriculture agriculture ture ure or the governor of the farm credit administration The promissory notes given by borrowers bor- bor rowers as security for lor drouth relief loans will mature November 1 I 1935 with ith interest at the rate of 5 2 1 per percent percent cent ent per annum Interest on the loan until maturity will not be deducted at t the time the loan is made Loans will not be made to applicants applicants cants ants whose principal business is the commercial feeding and fattening o of livestock for market nor to any applicant ap ap- which is a corporation uness unless unless un un- un- un less ess its principal business is farming Forms for US use In making applications applications ions are now available at the F FER FERA E BA R B RA A offices in drouth counties in the state tate Mr Mabey announced Tuesday at t Farmington