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Show RESERVE FEED LOANS, WHERE CONDITIONS PROHIBIT HAILING WASHINGTON, D. C. Sept. 17 Range livestock operators in parts of primary drouth areas where winter weather conditions will soon prevent transportation of 'reed may obtain funds to purchase pur-chase a 60-day reserve feed supply, sup-ply, according to a statement made here today (September 2) by George Susens of the emergency emer-gency crop and feed loan section of the Farm Credit Administra-ttion. Administra-ttion. Such advances will be secured by liens on the reserve supply of feed and on the" livestock live-stock to be fed. In addition to the reserve feed loan, .the stockman may apply for regular monthly allowances allow-ances and hold his extra two months' 'feed supply in reserve for emergency purposes when transportation may be cut off. Then, in cases where the monthly month-ly allowances are obtained without with-out interruption and the reserve supply retained through the winter, win-ter, the latter will take care of feeding needs in February and March and under such conditions no advances will be granted the borrower for those months. The monthly advances for feed for livestock in the primary drouth areas will continue to be made on the basis of the borrower's bor-rower's promissory note, as heretofore. here-tofore. These monthly feed loans, as well as those 'for reserve feed supplies, are advanced from the drouth relief fund appropriated in the Act of Congress aproved (Continued on last page.) i FEED LOANS (Continued from first page) June 19, 1934, and made only to applicants who are unable to obtain credit from other sources. The primary drouth loan areas now include almost 1200 counties coun-ties in 23 states. During the past months 123,000 applications for feed and forage loans and supplemental advance have been received, Mr. Susens said, and 109,000 loans disbursed for over $8. 200, 000. |