OCR Text |
Show Local FHA Supervisor Notes Important Farm Credit Practices Royden V. Carter, local supervisor super-visor for the Farmers Home Administration, Ad-ministration, this week named four points that successful farmers farm-ers follow in making good use of credit His statement was part of a review of 12 years of experience 'n the farm credit field, and was made at a training meeting of Farmers Home Administration rounty committeemen held at Cedar City. First, a successful farmer olans every step he is going to take, figures costs carefully, and borrows only as much as he needs. Second, he considers both the 1 price and quality when buying, gets several cost estimates, and compares the relative value ol new and second hand equipment. Third, he borrows only to finance fi-nance money making enterprises. Fourth, he builds up a good credit rating. He plans his payments pay-ments to come due when income will be available for debt payment pay-ment He takes proper care of security property. He makes his payments when due. Mr. Carter said these credit principles gain yearly in importance import-ance as farming becomes more complex and farm costs increase. |