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Show ducer is threatened with disaster dis-aster but cannot obtain financing fi-nancing needed to survive," Sen. Bennett explained. Corporations or partnerships partner-ships are eligible for the guarantee only if primarily engaged in the livestock business. bus-iness. "The Farmers Home Administration Ad-ministration has been authorized autho-rized to guarantee up to $2 billion in loans," said Sen. Bennett. "Each loan must be repaid within three years, although a two year renewal may be authorized." "The maximum sum any one borrower will be guaranteed guar-anteed is $250,000. Interest rates will be determined between be-tween the lender and borrower," borrow-er," he said. Federal Aid Is Available For Stock Producers Livestock producers can now get credit assistance from the federal Farmers Home Administration, a rural rur-al credit service of the U.S. Department of Agriculture, Sen. Wallace F. Bennett, R-Utah, R-Utah, said today. The agency will guarantee up to 80 percent of losses on loans made by private lending institutions to farmers farm-ers and ranchers who depend on livestock for the major portion of their income, he said. "The guarantees will be made when the live stock pro -i |