Show I FIli Announces New oc f Loans A new program of small loans coupled with farm management assistance is now open to farm families with limited incomes in inI Uintah and Daggett Counties I Riven II 11 Spencer County Suo Su- Supervisor for the Farmers Home HomeI I Administration said Tuesday I I Mr l Spencer said farmers in Uintah and Daggett Counties c can n participate in the program to develop elop higher returns from their farming operations LOANS UP to 2500 arc avail avail- available n able hie to farm families with limo lim 1 fed incomes who cannot qualify for financial assistance under regular loan programs of Farm Farm- cry Home or vale vate lenders Opportunity loans are aimed at helping farm and rural families lies earn more income through their r own enterprises Mr Spen Slen said 1 Loans to farmers operating sm small ll limited income farms may be used to purchase live live- livestock stock machinery and i p meat construct or repair farm buildings pay annual lag ing expenses for seed feed and fertilizer refinance real estate debts and purchase land The loans also may be used to buy share in small cooperatives that serve rural people Loans are repayable over periods of up to 15 years They carry an Interest rate of 4 per cent To qualify for loans to finance agricultural enterprises an ap ap- ap applicant must be a farmer and have earnings that are arc too low to cover er basic family living needs In addition he must be unable to obtain credit dit through other sources including regular loan programs of the Farmers Home Administration Farmers Home tiers tion county supervisors will as as- as assist borrowers in planning farm operations and management of loan funds In addition to loans for farm farm- farming ing Farmers Home Administration tion may now make loans for nonagricultural enterprises that will produce added income THE AGENCY also adminis- adminis administers administers other rural economic op- op opportunity opportunity programs i n 1 g loans and technical assistance for small cooperatives serving rural families who have limited income and little debt carrying ability Additional information on loan programs under the Economic Opportunity Act is available at atthe atthe the Farmers Home Administration Administration tion office in the Hatch Building at 95 South Vernal Avenue |