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Show SEED LOANS FOR THE FARMER Any farmer in Utah who is in need of a seed loan for spring planting is eligible to make application to the federal government for aid, according to a communication received Saturday from C. VV. Warburton, director of extension work for the United States department of agriculture, by Director William Peterson of the Utah State Agricultural College. "Loans in your state will bo made from an office to be located locat-ed in the very near future in Salt Lake City, said Director War-burton. War-burton. "This will probably be known as the Farmers' Seed Loan oll'ice." There was no indication of the proposed personnel of the office, Director Peterson said. Director Warburton pointed out the fact that the legislation .this year authorizing crop production loans to be 'made to farmers farm-ers who are unable to obtain crop production credit from other sources, the only condition being that preference is to be given to those who had crop failures in 1931. Government printing presses are now turning out application blanks, notes, mortgages, and other necessary forms and these will be made available in the counties of Utah where there is need for seed loans, Director Peterson has been advised. Necessary supplies for the applications will be sent directly to the county agents where they will be readily available to farmers who are seeking aid. Applications will be examined by a county seed loan advisory committee who will be designated by the extension service ser-vice of Utah. In many cases the same personnel will be retained as that which made up the committees for the feed loans. "We are uncertain yet just how much money will be available avail-able for loans this year," said Director Warburton. The Act definitely de-finitely authorizes $50,000,000. . Last year 47,000,000 was loaned to farmers in the drouth and storm areas of the United States." Each borrower is urged to keep1 his loan down to a minim'um although the maximum loan has been increased from $150 to $400. The amount of the loan will be based on the acreage of specific crops to be planted by the borrower in the spring of 1932 and on the requirements of the individual borrower for supplies necessary in the production of these crops. The interest rate to be charged by the government in all cases will be 512 per cent. In counties in which fertilizer is not commonly used the maximum loan per acre will be $3 for all crops except truck crops, on which a maximum rate of $12 is allowed. Where fertilizer is necessary for crop production' the maximum rates are $6 for all crops except truck crops, the rate for this is $20 per acre. Not to exceed $1 per acre of loans made at any of these rates may be used for repairs and miscellaneous expenses of crop production other than seed, fertilizer, feed for work-stock and fuel and oil for tractors, advises Dr. Warburton. Special provision is made for additional loans for the purchase pur-chase materials to protect crops from insects and plant diseases where spraying or dusting is necessary. These loans will be at rates not to exceed $4 for truck crops. Loans will not be made to persons who did not engage in farming in 1931 nor to minors, Loans for summer fallowing are not authorized, the regulations state. Any farmer who desires to obtain a loan will make application applica-tion on a form provided by the county agent or the committee appointed ap-pointed to act within the county. n . |
