OCR Text |
Show Grand County Farmers Eligible for FHA Loans Sec. of Agriculture Earl L. Bulz has announced the designation des-ignation of Grand and San Juan Counties as an area where the Farmers Home Administration may make emergency em-ergency loans to eligible farmers. far-mers. As a result of the drought conditions during the past summer, the crop yields have been greatly reduced. Livestock Live-stock producers have suffered suffer-ed because of recent snows covering feed on winter ranges. ran-ges. Farmers and ranchers need emergency credit to continue operations, the agency agen-cy stated. Emergency loans are maaV to finance crop production, re place livestock, for other expenses ex-penses necessary to restore normal operations, and to repair or replace damaged dwellings or farm buildings. Applications are being received re-ceived at the county Farmers Home Administration office in Monticello, Borrowers must have suffered severe production produc-tion losses or property damage dam-age because of the disaster described. Farmers, ranchers, and rural ru-ral residents who borrow agree to repay their loans as soon as possible consistent with their ability. Loans ar-3 secured by liens as required to protect the governments interest. |