Vernal Express | 1959-04-16 | Page 10 | FHA Borrowers Make Farm Plans Section

borrowers t county farmers who borrow from the Vart partners ners hiom administration have campli competed led making their farm Ipg plans plana for this year dur agthe past arce month all borrowers borr owera hayft ed their 1000 farni farm and home rec re corda adu these theae records show chow ed 0 what had bad been planned and what had been op on the basis of 0 the records the families able to determine the strong and weak points in their opera tlona ilona and recognize further improvement that could be c made anade in their operations rations i it takes hakea careful planning to make anake the best use tise of credit but uch such planning is time well spent said gerald the he agea cys loisil county sup up er vIsor anyone who plans plana to borrow money should nak ask him self belf the theo following questions mr advised lo 10 do I 1 have bave the necessary money management farming or business experience to get full advantage from use of the money I 1 I 1 plan to bor row I 1 2 will the items hems I 1 plan to buy help rn me increase my in coie N 1 havi have enough income to repay the money v carry on my farming fanning or bustness operation sand and provide do an adequate living for my family 3 1 t f r 4 will I 1 be able to borrow a little more it an emor emergency gency arises rw 4 5 1 5 am I 1 obtaining credit from too many sources 6 0 M D I 1 havo have sufficient clent col lateral later ivl to offer 3 7 am I 1 borrowing the he right amount of 0 money 8 0 do I 1 know kaow exactly what I 1 plan to do with the money f 0 hlll wll the money be ivall aue when I 1 need it 10 will I 1 have money to re pay the loan at the time the payments are aue ilk hurt as well as a help credit Is 1 only valuable when it la Is used to finance a aund loudd operation and credit Is 1 only one of the elements needed for success