Show new security in wheat eat insurance insurance urance ns A 11 now source of creale security is in now offered to county wheat growers who insure their crop with tile federal crop hidur alice n net corporation 1 13 11 1 T LeF lefavre Le Fevie ovre chairman of the county AAA coll cam this week farmers may ilse their insurance Ins contracts us as security to obtain money for planting phill ting operations next spring lie ho said TIKI tho grower glower who lias has himself of 70 per cent of a crop by paying lin lila prein premium litin for till risk insurance Is a much lunch better risk to creditors than tile wheat farmer fanner who liny has no assurance of tiny any Iti income colne declared lefevre tills this fact wits was given wide recognition in 1030 1039 by benka and other kotlier lending agencies A fanner may assign ills crop insurance contract its as security ty for tiny any loll 1011 loan tile amount of tile current years rental for the farni farm or till nn annual installment duo due amdor isidor it a purchase chaise mortgage or trust agreement lit in respect to the farm tho the committee chairman pointed out this alila vOli ill lit new source of 0 credit becomes to wheat growers lit at a time of year whon when they most need 1 just before planting time tillia when most wheat farina lire are producing no income under the present regulations of the insurance program farmers who are cooperating in ili the AAA farm program may pay the insurance ranco premiums by reque an all advance against payments to be earned in tile he agricultural Conqer conservation program tills this makes the security value of the insurance contract doubly valuable because there Is no immediate cash outlay lie he said farmers bl are realizing the value valtie of this program that protects their wheat crop against agai nsf every unavoidable li hazard azard 11 lie he said gald re he rits i f from loin last year show ghow that ono one out of every four far farmers who had bad insurance on oil their crop collected collect ea an all indemnity I 1 know of no hotter better way to stress the value of the insurance pr program than by by those f figures rebr flary Z lias has been set as aa the closing late date on oil which applin applications aaion s for insurance covering the spring wheat planting for harvest arvest li in 1040 1940 will be accepted in the county office all applications must be executed before that date efevre urged all wheat growers to contact their county committee tit at once if they desire insurance on their coining wheat crop crap |