Show 4 Now Available For Farm Loans More farm construction with better homes for fa farm fa in families better shelter for livestock livestock livestock live live- stock and Improved storage fa fat for machinery and grain I That's the prospect in coming years says Carl G. G Brown county county county coun coun- ty supervisor for the Farmers Farmer Home Administration Recently as an recession anti-recession measure his agency expanded its farm fann housing loan program to the fullest extent possible under existing laws set up by Congress To be eligible now an applicant must own a farm that thai thatIs is in agricultural production and must plan to produce at least worth of commodities for sale and home use based on 1944 prices Many time part-time farmers who previously were ineligible can qualify under the expanded program Borrowers may use loan funds to build Improve or repair farm farmhouses farmhouses houses or other essential farm buildings and to provide water for farmstead and household use Mr Bown said that In addition addition addition ad ad- to financing major construction construction construction con con- the the loan funds can help meet many other needs for farm fann and farm fann home modernization tion such as adding bathrooms utility rooms better kitchens and many other improvements to ryn the home as u well as to farm service service ser ser ser- vice buildings While tenants I and farm fann laborers are not I ble the owner may DOrrow to do construction work or make 1 for them The loans Joans are made to farmers farmers farm farm- ers era who need credit t to finance building Improvements or repairs repairs repairs re re- re- re pairs but find that adequate credit Is not available through banks or other regular credit creda channels The Interest rate Is 4 per cent and loans may be amortized amortized amortized am am- over periods up to 3 22 years Mr Bown flown states that the agency agency ag ago ag- ag ency has million available nationally which can be used I over the next three years for farm housing loans He lie said there is no specified limitation on amount which can be loaned In my tny one state or community Practically all of the money will willbe willbe willbe be spent locally to purchase supplies supplies sup sup- plies at lumber yards and business business busi bad ness places and to hire skilled labor Additional information on this and other types of farm larm loans may n be obtained by writing to the County Supervised Box Price Utah Mr Bown Down will be beIn bein bein in the Grand county area June 3 to June 6 |