Show NEW CREDIT SECURITY OFFERED WHEAT GROWERS A now new source of credit security is is now offered to iron county wheat growers who insure their crop with the federal crop insurance corporation J M palmer chairman of the county AAA committee reported this week farmers may use their insurance contracts as security to obtain money for planting operations next spring he said the grower who has assured himself of 75 percent of a normal crop by paying his premium for all risk insurance is a much better risk to creditors than the wheat farmer who has no assurance of any income declared mr pelmer this fact was given wide recognition in 1939 by banks and other lending agencies insurance A farmer may assign his crop contract as security for any loan the amount of the current I 1 years rental for the farm or 1 i an annual installment due purchase flidr r a mortgage or trust tru gre arcement er cement ement in respect to the a the commatee comm itee chairman n farr cut T this h i s comparatively source of credit beco becomes mes new avail 0 availably abl to wheat growers grower s at a time when alc most need it they just before k ca planting time when most uk 0 farms are producing no in income conle at under the present regulation the insurance program fa fam who are cooperating in in the i f aak AA farm program may pay the ansur 1 once ance premiums by requesting esting advance against payments to aa S earned in the agricultural cn program this nil maj 3 the security value of t the h e insurable hinsum c contract 0 n t t d doubly 0 ubi 1 y v valuable edl u a b le beca t there h e r e is n no 0 immediate r ani aate cash lay he said february 29 has been set as ih closing date on which aepli for insurance covering shrift sprin wheat planted for 2 harvest ha in im i will be accepted in the county of j flee fice all applications must be ex a buted before that date mr pal ma urges all wheat growers to conrad conta their county committee at 0 once nce t desire insurance they on cheit ti coming wheat crop |