Show EMERGENCY liVESTOCK I FEED LOANS AVAilABLE Loans to farmers and stockmen for forthe forthe the purchase of feed or s seed d for for for- forage forage age crops are now available In Grand county which has been designated as asan a an ah emergency emergency urea according to Dan L Capener field supervisor who as as m in Moab Monday These loans will be made from funds under an act of congress approved June 19 WhIle here SuperVisor Capener con con- with members of the county committee which consists of C S Thomson D E Bald in W Vt R Mc- Mc McConkle McConkle Conkle ard Dale M Forms for use in making applications are areno nois no avaIlable at the office of Mr Thomson at the Moab Garage Mr Capener gave the ing follo ex- ex explanation of the governments government s plan to assist and farmers m in the thought ht area Loans win will be administered by the emergency crop loan section of the Farm Credit administration and will willbe be made to applicants sho ho because of drought do not have the necessary feed to maintain their livestock and must buy feed or produce a forage crop and who have not the funds or available credit to obtain such feed or undertake the production of a forage crop cron The amount loaned to purchase feed for livestock WIll be limited td tc a maxi maxi- maximum maximum mum for each head and the loans for production of forage crops will be limited to a maximum amount per acre such loan limits being in determined Ed according to the lost of feed or the cash cost of forage craps in inthe inthe the various drought areas The mini mini- minimum minimum mum amount of a loan or athance IS 25 for eIther purpose Loans will not be made to pili p chase feed for livestock acquired since April 1 1934 Security for the drought relief reller loans will consist of the borrower s non non-dis- sory note a accompanied by a agreement signed by each chattel mort mortgage age hen holder except there here the lien ts js a credit lon regIonal agricultural credit corporation federal land bank the of agriculture or the tho nor of the th Farm Credit Credi admin In Ili announcing these unusually lib lib- exal elal security arrangements which dO dOnot not require borrowers from the drought relief fund to give chattel or waivers Governor r Myers stated that loans ill b advanced m in monthly in in- in installments in amounts sufficient to feed the approved number of livestock for tor one month Further advances will not be made to any borrower who fails taUs to observe good faith by encumbering his feed or crops or by alving his rights to them after ho he hohas has obtained a drought relief loan ox 01 advance The promISsory notes given by bar bor- el s as security for drought relief loans wIll mature November I 1 1935 with interest at the rate of 5 per percent percent cent per annum Interest on the loan maturity will wUI not be at atthe atthe the time the loan is made Loans will not be made to applicants whose principal business is the corn com commercIal mercIal feed and fattening of livestock for market not to any applicant whIch Is a corporation unless Its princIpal business is Loans L may not be made tor purchase of feed for live live- livestock stock or for producing forage cropS I outside the desIgnated emergency I drought areas nor for feed for live live- livestock I stock stack that have been moved into a I drought mea since April I 1 1934 |