Show i I I I I Farm Help I Agencies Unite Get et New Name Manti Nov 1 The The Farm Security Administration office for Sanpete Co today became a field office of the newly created Farmers Home Administration Administration Admin Admin- i and Benjamin F. F Hulme formerly formerly formerly for for- merly Supervisor was named interim Supervisor The signalized the merger today of the Farm Security Administration and the Emergency Crop and F E ed Loan division of the Farm Credit Administration into the new Farmers Home Administration which will carry carryon on from where the theother theother theother other agencies left off Mr Hu Hulme e said that the consolidation consolida consolida- tion of the two agencies will not curtail curtail curtail cur cur- tail services For the time being all and offices will continue in operation as before but under a new name and with new loan policies which greatly expand their services to Sanpete County farmers The new Farmers Home Administration Administration Administration Adminis Adminis- Mr Hulme said will do every everything everything everything thing that its two predecessors did and these things besides 1 Give priority to veterans of all wars Special eligibility was formerly given only to World War Var II H veterans 2 Make year 40 loans at 3 3 percent interest for the enlargement of undersized undersized undersized under under- sized farms or for development or improvement of type family-type farms 3 Make term long-term low-interest low loans to disabled veterans for the en enlargement enlargement enlargement en- en of undersized farms or for development or improvement of fam fam- type ily-type farms 4 Make operating loans of up to in any anyone one year Hitherto such loans could not exceed 2500 Mr Hulme s said loans will be made only to borrowers who are unable to obtain adequate credit at reasonable rates and terms from other sources He said Congress defined reasonable rates rales as those prevailing in the community community community com com- b but t not exceeding five percent |