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Show County Agent Outlines Changes in Livestock Loans Changes in the special Livestock Emergency Credit Program are now in effect in Utah, according to Kenneth W. Carrell, County Supervisor of the Farmers Home Administration. Admini-stration. The program, originated under the Emergency Livestock Live-stock Credit Act of 1974, will continue to be administered through county offices of FmHA, the U.S. Department of Agriculture rural credit agency. Under the program, FmHA guarantees loans made by banks and other commercial lenders to help farmers and ranchers continue in various lines of livestock production through a period of adverse economic conditions. The bill (Public Law 94-35) signed June 16 by President Ford, amended terms of the program established last year and extended its duration through Dec. 31, 1976. Major changes in the program are: ---Farmers and ranchers assisted by loan guarantees must be primarily engaged in agricultural production, and livestock operations must account ac-count for a substantial portion (at least 25 per cent) of their gross income, working time or investment. Previously FmHA required that more than 50 per cent of gross income or time be devoted to livestock operations. opera-tions. County Supervisor Kenneth W. Carrell said further information infor-mation about the program can be obtained from the Moab FmHA office located in the City and County Building, the 4th Monday of each month. |