| Show FEED AND SEED LOANS AGAIN AVAILABLE loans to farmers and stock mei mea tor for the purchase ot of toed feed or seed or cirace crops are now available in emergency areas w including our own section from funds appropriated under an act 0 of congress approved june 19 1934 administered by the emergency crop loan section of the farm credit dai administration these loans will be made to applicants who because ot of drought do not have tile the necessary teed feed to maintain their livestock and must buy feed or produce a orage forage crop and who have not the ands or available credit to obtain such feed or undertake the production ot of a forage crop the amount loaned to purchase feed tor for livestock will be limited to a maximum for each lead head and the loans for or production of orage forage crops will be limited to a maximum amount per acre such loan limits being determined according to the cost ot of feed or the cash cost 0 of growing forage crops in the various drought areas the minimum amount of a loan or advance is 25 f tor or either purpose loans will not be made to purchase teed feed tor for livestock acquired since april 1 1934 security for the drought relief loans will consist of the borrowers promissory note accompanied by a disturbance non rion agreement signed by each chattel mortgage lien holder except where tie the lien holder Is a production credit association regional g agrico abric iTi tural credit corporation federal land bank the secretary of 0 agriculture or the governor of 0 tile the farm credit administration t 14 n in announcing these unusually liberal arrangements which do not require borrowers front tile the drought lelliet bellef fund to give chattel mortgages or waivers governor myers stated elated that all loans will be advanced in monthly installments in amounts sufficient to teed feed the approved number of livestock tor for one month further advances will not be made to any borrower who tails falls to observe good faith by encumbering his is livestock 1 ve stock feed or crops or by waiving his rights to them after he ha has obtained a drought relief loan or advance the notes given by borrowers borr will mature november 1 1935 with interest at the rate of 5 12 per annum interest on the loan will not be deducted at the time the loan Is made loans will not be made to applicants whose principal business is the commercial feeding and fattening ot of livestock for market nor to lo any applicant which la Is a corporation unless its principal business is farming loans may not be made tor for purchase of 0 teed feed tor for livestock or cr tor for producing forage crops outside the designated emergency drought areas nor tor for teed feed for live stock that have been moved into a drought area since april 1 1931 1934 forms tor for use in making applications are now available at the FERA ottice office in cedar city utah |
