OCR Text |
Show ceed $400.00 nor shall a loan be so made in the calender year which together with the unpaid principal of prior loaans made that year, shall exceed $400.00 in amount. Thus a borrower who has obtained ' a maximum loan and who has re-J re-J paid all or part of it may reborrow rebor-row to finance his farming oper-! oper-! ations unil the maximum of $400.00 ' is again reached. I The rate of interest is four per cent a year. Loans are secured by ' a first lien on the crops, or, in case j of feed loans, a first lien on the livestock. Mr. Finch pointed out that the availability of these small loans is of special interest to farmers who are trying to increase production of pork, dairy and poultry products and certain vegetables, such as tomatoes, to-matoes, 'corn, peas and beans for canning purposes, in cooperation wilili the Department of Agriculture's Agricul-ture's "Food for Victory" campaign. cam-paign. Information regarding the loans and application forms may be obtained ob-tained at the office of the county O U Farm Credit To Be Extended To Food For Victory Campaign "To the maximum, extent which the authorizing act of Congress will allow, the Emergency Crop and Extension Agent at Preston, or by writing to S. J. Finch, Field Supervisor, Super-visor, Box 108, Pocatello, Idaho. The Spokane district of the emergency crop and feed loan office of-fice comprises the four northwestern northwest-ern states of Idalio, Montana, Ore-j Ore-j gon and Washington. Feed Loan Section of the Farm Credit Administration is making an 'all out' effort to assist in the 'Food for Victory' program by lending to farmers whose financial requirements require-ments are not large but who are unable otherwise to obtain reason; bly adequate credit," according to E. J. Finch, field supervisor, Pocatello, Po-catello, for the emergency crop and feed loan office. Loans are made for the production produc-tion of all cash crops, including vegetables and fruit. Loans are also al-so made for the purchase and production pro-duction of feed for livestock. No loan made to any borrower shall ex- |