| Show FARM ACT SECTION CAN AID BORROWERS authorization tor for federal land bunks banks to assim up to in bonds with interest guaranteed by tile tho united states and either chango ux tile the bonds for foi first niort mort gagos on oil fauns or soil sell thoin and use the money amonoy to inake now loans to tarn fan bors nors Is ono of tho the ixil features fea turea of the farm farin mortgage see section of tile agricultural adjustment let att according to information issued by tile the farm farin credit llon which administers this section of tile ac acu tile tarin farin credit administration began functioning on oil may 27 as provided for lu in president dont booso volts executive issued marcil march 27 1933 tho irlia agencies to bo be consolidated soli dated under tinder tim now new administration farial include tile tho federal ciuni board the iho federal faun farin loan bureau which has jurisdiction over tile tho federal land ilind banks joint stock land banks banka and intermediate credit banks i tile tho regional agricultural credit corporations of the ilogon st ruction finando corporation and tile crop production loan division of tile united states dep department artmont of agriculture thy the tann farin mortgage section of tile tho filli farm ve tic makes it possible to louver tho the interest rates on both old and now loans and to pori alt borrowers generally to extend payment on oil tho the principal of their loans loana front from tile federal land banks and to loan money directly to farmers fannora ill districts where thero ire fire no national farm farin loan through which applications may bo be accepted it also alao provides for farm loan commissioners loans loana to bo be made direct to farmers from agents of tile the tann form loan commissioner toi loi bated at each of the 12 federal land bank districts applications for information or loans tinder tile now act tho the farm credit administration says should bo be made to the secretary treasurer of the national farm farin loan association in ili the county in ili which the applicants baim taim Is lo located ted or to the federal land bank serving hla his state otate in ili tile the absence of a loan association farmers should got get in touch with their county agricultural agent tho the federal land bank for this district Is at berkeley Call california forn |
