Show increase in farm I 1 credit an announced an ail increase in appropriations for farm operating credit for the fiscal year that began july 1 was I 1 an announced noun cod today by hent henry 3 E r I 1 jenkens county supervisor of alid farmers Fan ners home administration the amount for oRe operating rating doai loans is jn ili kane and garfield counties Is a one percent increase aver last years funds fund the agency Is also all to insure farm real 6 estate loans made by private lenders for direct farm farih ownership loans in the state money Is available a Vall ablo for veterans of world war II 11 direct or insured farm farin purchase loans are available to qualified farmers tenants share sharecroppers cro IV ard veterans who can find sound value farms and who cant jet get the credit r they need anywhere elso else loans are made or in ilk only on farms farma that wll will pay out in terms of their long range ea earning riling capacity ur aar jenkins I 1 bald ald rather than at relatively actively high farm prices I 1 lenders now have an assured market for the mortgages ort gages prom from now on they mayburn may turn over ovar the mortgages to the government atter after seven years and be paid in full it is felt these revis revisions lons in the bankhead jones joines farm tenant act will provide a greater incentive to private lenders to help farmery farmers buy farms fabins As formerly all types of loans will be accompanied by supervision ion in good farm practices and veterans will continue to receive I 1 preference |