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Show 10 Farm & Ranch Edition April Youth loans available Continued from page 9 snowconc business, vending machines, welding, or a sewhc ing business' would do'well.--Tprojects do not have to be farm related. These loans also help a youth to establish credit. They also learn to keep a checkbook. We check on the youth loans once a year with a balance sheet reconciliation and we also inspect the security, said Brady. Youth loan participant, Daine Behling, of Ferron, said, I am in my third year with my composting business. It was an easy way to get rid of manure and do something profitable with it, its easy to sell. I take hay, manure, grass dippings, tree limbs and put them in the pile. It takes eight weeks before it is ready to sell. The piles need to be turned every other day. I spray water on them every other day and also use a soaker hose. I used the loan to pour a cement pad to store the compost that is ready to be sold. I also bought a hopper, con veyor belt and a screen. I also have a bag sealer. I am going to start selling bags of the compost to nurseries, stores and to the general public. The compost is great for flower beds, lawns, gardens, anything in your yard. I sold everything I had ready this spring. Compost is better for your lawn than just putting straight manure on it Straight manure still has to be broken down and it will take nitrogen from the soil to break it down. With compost, it heats up to 170 degrees and breaks down the weeds and kills the seeds so you don't get weeds. With my new setup the compost will go into the hop- per, up the conveyor belt and into the screening cage. The cage rotates and the finer compost drops through and the bigger clumps stay in the cage. Then I will bag them to sell, said Behling. Lori Brady is ready at the FSA at to help with 381-23- 00 a loan for a project you've had in mind but didn't think you could afford. (f motors me. 2002 Farm service loans available balance cannot exceed A socially disadvantaged $759,000. Direct and guaranfarmer or rancher is one of a teed FO and OL principle group whose members have ance cannot exceed $959,000. been subjected to racial, ethnic, or gender prejudice beEmergency Loan Assistance Rum Operating Loans cause of their identity as memCarbon and Emery Counobreties have been declared a maof bers the without Eligible applicants may group tain direct loans for up to a gard to their individual quali- jor disaster area where eligible maximum indebtedness of ties. For purposes of this pro- family farmers may qualify for $200,000. The repayment term gram, socially disadvantaged FSA Emergency (EM) may vary, but typically it will groups are women, African tion loss loans due to losses not exceed 1 years for interm- Americans, American Indians caused by drought. Mormon ediate-term and Alaskan Natives, Hispan-ic- s, cricket and grasshopper infespurposes. Annual operating loans are genand Asians and Pacific Istation, freezing temperatures and high winds. The Secretarial erally repaid with 12 months landers. Direct and guaranteed loans Natural Disaster Determinaor when the commodities produced are sold. General pur- are made to applicants by FSA tion was Authorized October pose of this type of loan in- and include both farm operat- 25,2001. cludes normal operating ex- ing and farm ownership loans. Termination date for acpenses, machinery and equipcepting applications is June 25, real and loans estate 2002. Guaranteed ment, repairs debt. Some farmers obtain their The loan limit is up to 80 refinancing credit needs through the use percent of actual production Loans For Socially Disadvan- of loan guarantees. Under a losses, maximum indebtedness taged Persons guaranteed loan, a local agri- under the EM program is The Farm Service Agency cultural lender makes and ser- $500,000. vices the loan, and FSA guarJoint financing plan avail(FSA) can make and guarantee loans to socially disadvanloss antees it against up to a able for Farm Ownership loans maximum of 90 percent in taged applicants to buy and Beginning farmer or nonfarms and most cases. The total outstand- beginning farmer or randier family-siz- e ranches. Funds specifically for ing limit for a combined guarapplicants may choose to these loans are reserved each anteed FO and OL principle on page 11 FSAs loan programs are designed to help family farmers who are temporarily unable to obtain private, commercial credit. year. op-era-te 505 N. Main m T? Huntington 687-550- 0 (gQFIfi) (Whole and Cracked) KJeiy (Sulbes Vlefl ms 2505 N. Long St. Green River Come see us, we can order any used (95 or newer) vehicle Save $$$ Were Crushing Prices on the Competition! 1 -4- 35-564-3393 Call for prices and availability MMMM ed |