Garfield County News | 1931-09-04 | Page 5 | United States Offers Loans to Livestock Men

UNITED STATES OFFERS LOANS TO LIVESTOCK MEN feed loans up to but not nol exceeding 1000 in any instance are to be made of agriculture t to 0 by the department 0 farmers in the drouth stricken areas of utah and idaho to help carry their liv livestock estock through throng it the coming winter the loans to extend not moro more than a six month period the loans will be at the rate of 0 3 per head ot of cattle or horses and 30 cents per month for sheep the department la Is now I 1 in n correspondence pon dence with its representatives in both states determining the ina specific iiii both states counties in which loans loang shall be made deter determined n aln and when the counties are applications to farmers may make the farmer seed loan at grand forks N D on blanks which the office supply originally it had been the intention to jo blanket these loans over most of utah and all of southern idaho but realized that loans the department limited to 1000 would be of 0 little help to the large stockmen stoc kmen so the list Is to be revised to include only these counties in which the small owners predominate the big stockmen stoc kmen will be obligated to finance themselves through other I 1 than governmental channels each borrower from the government must give a lion lien on his livestock and sign notes maturing october 1 1932 in cases where livestock la Is already encumbered the holder ot of a prior lien hen shall have equal standing with ills his own in order fully to protect the government advance salt aalt lake tribune