| Show Land Bank Loan Plan Designed to Benefit Farmers Ranchers Harold M M. M Thompson manager of the Federal Land Bank Dank Association of Salt Lake City announced this week that a anew anew anew new loan plan developed by the Federal Federal Fed Fed- eral Land Bank of Berkeley was outlined outlined out out- lined to the land bank association managers managers man man- agers and appraisers at the meeting for personnel held recently in Oakland According to Mr Thompson the new Assured Loan Plan is designed to provide a Land Bank borrower at the time a new loan is made funds for his immediate needs and as well funds which may be foreseen to be needed at ata a future date THE FEDERAL Land Bank has regularly regularly re reo introduced new ideas to fit its long term loans to farmers' farmers and ranchers ranchers ranchers' ranchers ranchers' ranch ranch- ers' ers needs The provision for a variable interest rate was adopted in 1969 to meet the challenge of the unprecedented high money costs The new assured loan plan is foreseen foreseen fore fore- seen to be of particular benefit to farmers farmers farm farm- ers and ranchers in Davis Daggett Duchesne Duchesne Du Du- chesne Morgan Salt Lake Summit Tooele Uintah and Weber Counties who have undertaken a program of farm improvements or who for other reasons reasons rea rea- sons anticipate the need for increased amounts of long term financing over a period of time DIRECTORS OF the local association tion are Lee E E. E Thurgood president of West Point Frank W W. Bohman of Morgan Morgan Mor Mor- gan Bill Gedge of Riverton Elmer Moon of Duchesne and Dee Jenkins of Maeser |
