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Show Fav Marshall Named To FHA Committee Fay Marshall of Minersville is the new member of the Farmers Farm-ers Home Administration county coun-ty committee, Royden V. Carter, Car-ter, county supervisor, announced an-nounced this week. Mr. Marshall's appointment was effective July 1. The committee com-mittee on which he will serve determines the eligibility of local farmers who apply for Farmers Home Administration loans. The new committeeman operates op-erates a beef cattle and dairy farm. Mr. Marshall succeeds James W. Low of Beaver, whose term expired this year. The other two members of the committee are Earl T. Smith, Beaver, and George C. Goodwin, Milford. Each agricultural county in the country has a similar committee com-mittee of three members who are responsible for determining loan applicants' eligibility, certifying cer-tifying the value o'f farms being be-ing purchased or improved thru Farmers Home Administration loans, and making recommendations recommen-dations on loan approvals and loan servicing actions. Each member is named for a three-year term and one appointment ap-pointment expires each year. A member completing his three-year three-year term cannot succeed himself. him-self. At least two of the members mem-bers must be farmers. The committee works with the county supervisor in connection con-nection with all types of loans. These include farm operating loans and loans to buy, improve, or enlarge efficient family-type farms in this area. They also include loans to farmers or their nonprofit associations to establish and carry On approved soil and water conservation practices including improving permanent pastures, leveling, soil erosion measures, farmstead water systems, irrigation, ditch lining, and many other conservation conser-vation practices. Most of the soil and water conservation loans and loans to buy or improve farms are made from funds advanced by private lenders and insured by the agency. Some of these loans, however, and all loans for, operating oper-ating farms, are from annually appropriated funds. The agency makes emergency loans in areas designated for that purpose by the Secretary of Agriculture. No loan of any type can be approved for an applicant whose credit needs can be handled han-dled adequately by other credit sources. The regular office staff of I the Farmers Home Administration Administra-tion serving Beaver County consists of the county super-i super-i visor and Mrs. Beatrice E. ! Spendlove, county office clerk. The office is located in Beaver. |
