Show Improved ved Farm Lands in Uintah Basin Mortgaged d For Improved farm lands lands- of Utah are mortgaged to the state to the extent extent extent ex ex- tent of approximately 4 per cent of or their assessed value according to the records of the office of at John T. T state land laud commissioner and holder of the mortgages The statement prepared by Mr indicates the distribution of ot the themore themore themore more than of state funds und under r his control among the farmers farmers farm farm- ers of the state It reveals that Daggett county which has only worth of I improved Improve farm Carm lands according to the county assessor has obtained two twenty loans from rom the state land grant funds totaling which is 42 21 per cent of the total value of the security available for such loans in the county The funds in Mr l charge when invested in mortgages on farm lands must be secured by first mortgages totaling not more than 50 per cent of the actual actual ac ao- value of ot the land In question In practice where possible the land seeks to have havethe havethe havethe the face value of or the mortgage some somewhat somewhat some some- what less than 50 per per cent of ot the actual actual actual ac ac- ac- ac selling value of the property In order to protect the state funds In his control in case it is l found necessary necessary necessary sary to m make ke additional investments on the same loans in order to protect the states state's title by paying up taxes or water assessments that might otherwise otherwise otherwise other other- wise become delinquent Credit Absorbed It If the valuation on improved farm farmlands farmlands lands made by the assessor of at Daggett Daggett Daggett Dag Dag- gett county is correct therefore residents of that county coulty have received received received re re- re- re about all the credit that It Is possible for the state to advance to them until they acquire title to more improved farm lands There is a a 3 total of at two twenty loans negotiated negotiated negotiated between the state land board and Daggett county On the other hand Morgan count county county coun coun- t ty residents have been the slowest according to the records to take advantage of the opportunities for obtaining 6 per cent money afforded b by the state land grant funds The records show that there Is one loan of oC secured by farm lands in Morgan c county The Improved farm Carm farmlands farmlands lands of ot Morgan county are valued at so that only 58 of 1 per percent percent cent of that total Is mortgaged to the state r Other Districts Active The tabulation as a whole indicates Indicates Indicates Indi Indi- cates that it Is the farmer of the outlying districts for the most part who has bas taken advantage of ot the terms offered by the state land boards of or the past Dast Daggett county is the shining example to prove such sucha a arule rule but bat in itt San Juan county some two thirty-two loans loang are of record totaling total total- totaling totaling ing or 30 7 per percent cent of ot the he total assessed valuation of at Improved Ved farm lands In San gan luau Juan county which Is Kane county farmers farmers' have e obtained obtain obtain- ed loans from the state totaling per cent of at the assessed valuation of at their holdings and other counties rank lank in this regard as foll follows ws' ws Tooele Too Too- ele dc 12 7 per cent Rich 12 5 per percent percent percent cent Beaver 1175 per cent Duchesne Duchesne Duchesne Du Du- chesne chesne 11 1156 1156 56 per cent Millard per cent ent and Wa Washington 1016 per per cent For some some reason re reason son Wayne Vayne county has anI only two loans totalling 1 22 per cent of its improved farm farmland farmland land value but but- Its neighbor Garfield Garfield Gar- Gar field runs true to form as an outlying outly ing county with ith 8 90 per cent Morgan nn County Low Morgan county Is the anI only o one e named In the list with less than 1 per cent of its improved farm land value mortgaged to the state but Weber county has only per cent so mortgaged Cache county 1 12 Utah 1 27 Summit 17 Davis Da 1 88 Sanpete 2 46 Juab 2 29 9 Salt Lake 3 30 07 7 and Piute 3 32 2 Carbon county like Morgan county county coun coun- ty has only on one loan of record to the state but it is for 8 due to a foreclosure on bonds and subsequent subsequent subsequent quent negotiations negotiations and this represents represents represents 7 74 4 per cent of at the assessed valuation of or Improved farm lauds lands In Carbon county count Boxelder count county has land landowners landowners landowners owners who have tak taken n advantage of or the states state's financial offers Salt Lake and Uintah 90 each Duchesne 82 Millard 76 and the other counties In smaller numbers The list as prepared prepared prepared pre pre- pared b by Mr shows the following following following fol fol- fol- fol lowing distribution of at the loans on improved farm lands and the assessed assessed assess assess- ed valuation of at all property so classified classified clas clas- sifted in the respective counties Number Anoint Amo nt Assessed valuation Perot Per Per- ot or loans of at loans or of Improved damn arm cent cent- Count County in county count in county count lands In county age Beaver 61 S S' S 1175 Boxelder 1 Cache 53 Carbon 1 Daggett 22 Duchesne 82 00 1158 Davis 29 Emer Emery 17 Garfield 39 Grand Iron 23 3 70 6 65 5 Juau Juab 24 29 Kane 6 20 Millard 76 10 Morgan an 1 00 58 Flute Piute 5 32 Rich RIch 38 Sanpete 46 00 Summit 4 17 Salt Lake 90 San Juan 32 Sevier 45 57 Tooele 37 1374 7 Utah 67 90 66 Weber 14 7 Wayne 2 Wasatch 59 Washington 39 1016 Totals 65 1037 00 tJ |