Show new program meets local needs A si special ettal program ot of farm and nome home improvement loans designed to help jarm farm families improve thel standards of living through better housing and a irener hold on their land was announced tor for kane county count 1 by rell F argyle local ilita tibal supervisor tor for the farm S security administration mr mir argyle said last week that the PHI fill program will provide credit for farmers who must chave have more secure tenure additional land or oi general property development in order to gear their production to food for freedom denion ds and troim axom improved farm pric es as tile the jie newly y available loans are made only in selected counties the aim at solution of problems which land use planning committees commonly cite as major handicaps handicap oo to family size farmers in these arpas areas individual farm aul home im provement pro loans may run its as high as 14 4 5 0 afi itji and a aae re payable pay atile in from I 1 46 f to to 46 4 y e a r s 1 a at t 3 per er cent lift interest or on the unpaid balance A marible repayment schedule allows the borrower to pay more one year and less leas another in line with actual nit earnings fill FHI funds may bo be used i specifically to 1 refinance He finance nance real estate indebted ness except where tile the debt Is IB awo owed to a federal agency 2 construct or lin improve prove farm arm buildings 3 purchase addia addit additional tonal land to build up the econ economic otille size of unit necessary for successful fanni farming hig 4 purchase water rights or stock in irrigation companies pay tor for participation ici lel pation in irrigation or land drainage projects or finance the development of such facilities also redeem liens on oil irrigation water rights or stock 5 Pur purchase eliase materials and buy or rent equipment for land development 6 redeem or purchase farms arms under foreclosure or those which have been foreclosed within the last 18 months provided the tanner farmer still ilias a chance to regain ownership certain other types of aid are provided by the FHI program but mr argyle pointed out that the use to which funds will hi be e put when a loan Is made like the eligibility ot of each farmer applying for a loan must be determined on an individual basis masic qualifications are the farm ers need for this type of credit and ills his inability to obtain it from any other source the farm security supervisor expressed ills his belief that ilia farm and home improvement program authorized ifor kano kane county would meet definite needs of many small farmers in julg area find and invited those who may be eligible to apply for loans at the earliest opportunity |