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Show April 2002 Farm Farm service loans Continued from page 9 ticipate in a joint financing plan. In this program, FSA lends up to 50 percent of the amount financed, and another lender or the seller provides 50 percent or more. FSA will charge a reduced interest rate on the loan. You, The remaining balance may be obtained from a commercial lender or private party. Loans For Beginning Farmers And Ranchers The Farm Service Agency (FSA) provides direct and guaranteed loans to beginning farmers and ranchers who are ownerDown payment farm unable to obtain financing from, commercial credit ship loan program FSA has a special down paysources. Each fiscal year, the ment FO loan program to asagency targets a portion of its sist beginning farmers and direct and guaranteed farm ranchers to purchase a farm or ownership (FO) and operating ranch. This program also pro- loan (OL) funds to beginning vides a means for retiring farmers and ranchers. farms to transfer their land to A beginning farmer or a future generation of farmers rancher is an individual or enand ranchers. tity who: lb qualify: An applicant must make a cash down payment of at least 10 1. has not operated a farm or ranch for more than 10 years 2. meets the loan eligibility requirements of the program to percent of the purchase price. FSA may provide a maximum amount equal to 30 percent of the purchase price or which - heshe is applying 3. substantially participates in the operation 4. for FO loan purposes, does is whichever value, praised less. The term of the loan is 10 not own a farm greater than 25 years at a fixed interest rate of percent of the average size 4 percent farm in the county. ap- Maf Bt, & have used baling wire to attach a license plate. You have used a tractor front-en- d loader as roof for scaffolding repair. You Family weddings and special events are planned around spring planting and fall Your early morning and pigs. During a storm you check the cattle before you check the kids. Using the elevator involves a grain truck. You know the difference between field com and sweet com when they are still on the stalk. For friendly sales and professional repair, come to us first With superior selection and service as our goal, we work hard to get your tractor wheels back on the right track. &TOOL -- 1 - -- GRAKOS 280 E. Main, Price 687-534- 2 i ; i.. - i.. prayer covers, rain, cattle, GARY 163 South Main P.O. Box 1157 Huntington, UT 84258 , 11 A faxast If? WESTERN PAWN (435) Ranch Edition 637-610- 0 |