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Show Wheat Growers To Be Aided by Hie Government The following statement is given out by the Treasury department and the Department of Agriculture: Acting upon the urgent representations representa-tions that many wheat growers in certain cer-tain sections of the west who have lost two successive crops by winter-killing and drouth have exhausted" their resources re-sources and may be compelled to forego fore-go fall planting and. in some cases, to abandon their homes unless immediate imme-diate assistance Is extended, the president, presi-dent, on Saturday, July 27, placed at the disposal of the Treasury department depart-ment and the Department of Agriculture Agricul-ture the sum of $5,000,000 to enable them to furnish aid to that extent. The at work formulating plans for making i loans under this authorization and 1 complete details will be announced within tho next few days and opera- tions begun. It may be slated generally that the ' federal land banks in the district affected af-fected will be designated by the sec- I retary of the treasury as the financial ! agents of the government to make the1 loans of agriculture, through Its special spec-ial oflicers, including the county agents, will ascertain the needs of the individual farmers and determine tho feasibility of the planting. ! The primary object of this fund is not to stimulate the planting of an in- , creased fall acreage of winter wheat ' or rye in the severely affected drouth , areas, or even necessarily to secure planting of a normal acreage, but rath - i er to assist In tiding the formers over the period of stress, to enable them to remain on their farms to plant such an 1 acreage as many be determined to be wise under all the conditions, with a view to increase the food supply of ' the nation and to add to the national security and defense. It is distinctly not intended to be used to stimulato i the planting of wheat or any other ; grain where" such planting work is not i wise from any agricultural point of I view nnd where other activities are 1 safer. It is not Intended that this fund shall be used to make loans to farmers who have banking collateral and can otherwise other-wise sccuro loans. The recent action of tho war finance corporation, indicating indi-cating Its willingness to make advances advanc-es to banks and trust companies which have made loans to farmers and cattlemen, cat-tlemen, should case the general financial finan-cial situation and in a large measure enable bankers to extend accommodations accommoda-tions to farmers having such collateral. collater-al. Banks are urged to avail themselves them-selves of the offer of the war finance corporation. This fund, because of Its limited amount, will be used necessarily principally prin-cipally in connection with tho fall planting of wheat or of preferred sub - , stllute grain in the areas Involved, i This will not include consideration of cases of individuals who do not intend to, or who can not engage in, fall seeding who might otherwise be compelled com-pelled to abandon their homes and make great sacrifices; provided sufficient suf-ficient funds are left after considering the pressing fall planting needs. , The loans will probably not be niada , for more than $3 an acre, and it Is likely that a maximum of 100 acres in some localities and of 150 in others will be established. In addition to paying pay-ing a reasonable rate of interest, each farmer will be required to contribute to an insurance fund out of the pro-; pro-; ceeds from the sale of his crops if his operations are successful; 1 |