Show New Loans To Aid Farms A new program of small loans coupled with farm management management management man man- assistance is now open to farm families with limited incomes in Sanpete County Maynard C. C county supervisor for the Farmers Home Administration said today Farmers in Sanpete County can participate in the program program program pro pro- gram to develop higher returns returns returns re re- re- re turns from their farming op Loans up to 2500 are available avail able to farm families with limited incomes who cannot qualify for financial assistance under regular loan programs of Farmers Home Administration tion or private Opportunity loans Joans are aimed aimed aim aim- ed at helping farm and rural families earn more income through their own enterprises Loaned to farmers operating operating operating ing small limited income farms may be used to purchase purchase pur pur- chase livestock machinery and equipment construct or repair farm buildings pay annual annual an an- nual operating expenses for seed feed and fertilizer efi- efi real estate debts and purchase land The loans also may be used to buy shares in small cooperatives cooperatives cooperatives cooper cooper- that serve rural people Loans are repayable over pe pe- rinds of up to 15 years They carry an interest rate of 4 8 41 8 1 per cent To qualify for loans to fi finance finance finance fi- fi nance agricultural enterprises an applicant must be a farmer fanner farm farm- er and have earnings that are too low to cover basic family living needs In addition he must be unable to obtain credit through other sources including regular loan Joan programs programs programs pro pro- grams of the Farmers Home Administration Farmers Home Administration tion county supervisors will win s I assist borrower in planning J farm operations and management management management manage manage- ment of loan funds In addition to loans for farming Farmers Home Administration Administration Administration Ad Ad- ministration may now make loans for nonagricultural enterprises enterprises enterprises en en- that will produce added income The agency also administers other rural economic opportunity opportunity opportunity programs including loans and technical assistance for small cooperatives serving rural families who have limited limited limit limit- ed cd income and little debt carrying carrying car car- ability Additional information on loan programs under the Economic Economic Economic Eco Eco- Opportunity Act is available at the Farmers Home Administration office in Post PostOffice PostOffice Office Building Manti ManU |