Show Farmers May fay Now I Secure Seed Loans I Word was BS re received hoed this week cek from State Manager Oeo Geo B S. S Glen Olen Glen of 01 the Federal Seed L Lean Lun an office to the effect that seed loans up to would QuId be made this spring beginning immediately All farmers farm larm ers era who contemplate the borrowing of money for lor production purposes this his spring may make application through the office of 01 Angus R. R Hovey field fleU supervisor under Mr Glen Olen or at the local office of of- fice The money to be loaned will carry caMj an Interest rate of 01 4 percent which is one percent less than has been charged during past years ears Mr Hovey novey states that all red tape lape will be cut as far lar as possible in order to expedite the time necessary necessary ne ne- for lor getting money to farmers farm farm- farmers ers who need it for the of 01 seed earl this spring Ten days dap s or two weeks will be ample time tim e In which to negotiate a loan These loans will Ill be made only 1 tc farmers who cannot obtain credit from irom any other source The money loaned will wUl be limited to the farmers farmer's farmers farmer's farmers farmer's farm farm- ers er's Immediate and actual cash needs for lor growing his 1937 crops or for the purchase of 01 feed for livestock and in no instance may exceed Farmers are not eligible for these loans if they can borrow from an individual production credit association as association association as- as bank or other concern Emergent Emergency crop and feed leed loans will win not be made to standard re re- clients of the Resettlement Resettle Resettlement ment Administration whose current cur cur- current rent needs are provided for by Re Re- settlement As in the past the security for lor these hese loans will consist of 01 a first lien on he crop financed If Il the loan is for lor the production of 01 crops and If it for the purchase of 01 feed for lor livestock then t first lien on the livestock to be fed led |