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Show 'F.S.A. Has $970,000 To Lend Needy Farmers For This Year's Program : The Farm Security Administration has 5970,000 this year to lend i needy farmers in Utah, to continue con-tinue the rural rehabilitation program pro-gram which has brought an average aver-age gain in net worth of 32 per cent, as shown in a recent FSA survey, to each of 4,266' previous I borrowers in the state. ! State allocation of the new funds was announced yesterday by De Vaughn Jones, FSA rehabilitation rehabili-tation supervisor in Washington County. Mr. Jones said that ample funds are available for either new or supplemental loans i to farmers in this county. ! Standard rural rehabilitation loans are made by Farm Security 'Administration to farmers who need tools, feed seed or other j supplies and equipment to carry on farming successfully. Money ;is also available for community j a n d cooperative service loans, , which enable groups of farmers ! to buy heavy machinery or live-j live-j stock sires to use jointly. Repayment Re-payment is scheduled for periods of from one to five years, at 3 to 5 per cent interest. According to Mr. Jones the distinctive dis-tinctive feature of all FSA loans is that they are made on the i basis of character. The borrower's j experience, initiative and willingness willing-ness to work out sound plans for future operations are considered in determining his eligibility for I a loan. "We cannot lend to farmers j who find other doors to adequate credit still open to them," the ! FSA supervisor said. "Consequently "Conse-quently those who come to us for help would generally be considered consid-ered poor credit risks by regular j business standards. I "The fact is, our borrowers are not only raising their incomes, net worth and living standards, but making a good repayment record as well." Mr. Jones urged prospective applicants ap-plicants for loans to write or visit his office in the E. B. Snow building, at St. George, Utah, as soon as possible. |
