Show i LOANS The Home Administration loaned over four-fifths of one million dollars to and livestock men In Oar-field and Kane counties since the Panguitch office opened on I. The exact amount Is These same farmers who borrowed this money to purchase beef dairy herd farm carry out soil and water conservation through land level-ver night storage for Irrigation and stock develop and improve farmstead water purchase livestock feed and farm and for other farm Ing have paid back to the ns of June or 77 percent of the total amount they With the Interest added they have paid hack or percent or the amount they This would mean that Home of the money borrowed is not yet For in the in loans with five year repayments were made to these mentioned These loans were made to farmers livestock men who were unable to obtain satisfactory credit from any other What has It cost to operate program out of the Panguitch offic The employee hired February 1935 to June cost the government approximately or less than the total amount of Interest taken In other the cost of operating this program has not cost the government cause the Interest paid In by the borrowers has more than paid the operating expenses of the also the operating expenses are less today than they used to There are only two full-time employees where there used to be five Not only Is the money loaned to farmer through the Farmers Home Administration being paid back with interest and the Is paying Its but there are other benefits accruing to the tanners and livestock men in area through them being aide to receive guidance In their farm and home operations as well as being able to get in farming and Many now have better livestock and equipment as well n more productive The businessmen directly and have agriculture so goes The money loaned and the Increased income of the borrowers has gone largely to Increased business of business pay taxes and water assessments and Improve the living conditions of many There have been failures with the Farmers Home Administration For the State of this has amounted to approximately one and one-half For the Panguitch office the percent figures for failures have not been accurately but It Is estimated to be about the same as the state lime are farm operators in and Kane counties that have been benefited by the Farmers Home Administration compared with farm operators in the two This Is 61 percent of the total farm Most of the former borrowers are now successfully operating their farma without the need for this type of On June there were 93 farm operators who were receiving some assistance from the Farmers Home Administration This is 18 percent of lie total farm operators in Garfield and Kane Year U. S. Census of Agriculture shows farm operators in Garfield county and in Kane |