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Show Poor economy, high interest lessened. John Moore, of Federal Land Bank, reiterated the problems farmers have" as they face increased interest rates and low commodity prices. Both PCA and the Federal Land Bank are part of the Farm Credit System and they get their money from bonds. When bonds are high, interest rates rise. Moore added that "credit restraints" have resulted in their ability to finance "only bonafide agricultural projects." In prior years they have been able to loan money to a farmer for almost any purpose. Both men indicated that the cash flow squeeze has resulted in a demand for refinancing of short term loans and a renewal of other loans. When agriculture drops, the whole economy drops. This is especially true in this area where agriculture is one of the basic industries. in-dustries. With the changing of the times, farming has also taken a change. The small family farm with a few cows,- a few chickens, a pig and a few acres is almost a thing of the past. Farming has become large and specialized. By JANET H. WEAVER Record Correspondent Agriculture like every other business is feeling the effects of a sluggish economy and high interest rates. But, as was pointed out by Jerry R. Moon, manager at Production Credit Association, the farmer also has to contend with "depressed prices and uncontrollable un-controllable variables such as hail storms, frost, drought, etc." Moon indicated that this is a difficult time for . farmers, but that there is hope on the horizon. The past year has seen prices go d down for sheep and hay, while cattle prices have been declining for . the past two or three years. The law of supply and demand has worked ' against the farmer in the Southern Utah area. This has been particularly true as the demand for hay from California has |