Show i Bank BalIk Stockholders I 1 Meet in Salt Lake City It id la d' d j alt lt Lake City Stockholders n Wie the Federal Intermediate A ait Bank of Berkeley will it ir ir fl their 1973 a annual meeting he Jie Hotel Utah in Salt Lake F ft May 17 The rd cli a Berkeley is a cooperatively 7 fl 1 led Fd ed agricultural lending serving Arizona 1 1 I ornia Nevada and Utah i on the part fit Jit plays in farming George Georgea 4 a Anderson derson president I s i 1 jf Farms are larger and These Imore more machinery j tl have altered and Ind in- in d ased the service our co- co dative Farm Credit System T. T offers to members As any an mple our average size loan loanI I y Iii ay is about Just Justee Justee te ee ee years ago it was a bAlSO Also despite the fact that number of farms in America Decreasing decreasing we have been I. I the number of mems mem- mem 1 s served by 5 per year e expect to continue that trend j I ping Pg the coming year ierson lerson concluded 7 Y he he ie of Berkeley pro- pro es loan funds to its owners a production Credit its district These as- as 1 make short and in intermediate intermediate intermediate in- in term loans to farmers farmers farmers far far- mers and ranchers in their respective territories Utah Is served by two associations Utah LI Livestock and Utah Farm Their typical loan is for one year and is for the production of crops livestock livestock products Intermediate term loans with terms for periods up to seven years are also available Each is cooperatively owned by the farmers and ranchers who borrow from it They also elect their board of directors who set association policy and represent them at this annual meeting In 1972 the Credit Bank provided provided pro pro- vided million in loan fund to farmers and ranchers through PC s and another 96 million through six other financing institutions in the dis dis- |