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Show Nearly $40,000,000 1 Loaned Farmers -. Neftrly $40,000,000 has been loaned Utah farmers through various rencies of the Federal Farm Credit dministration during the past u-ee years, Allen T. Sanford, State irector for The National Emergen-r Emergen-r council, reported Saturday in a ; unniary of F C A activities here. v This is slightly more than 1 per V. nt of the $3,704,000,000 which W. 'Myers of Washington, D. C, gov- I .nor of the Farm Credit Adminis-ation, Adminis-ation, announces his organization - as lent to American farmers since . ay, 1933. . - The Farm Credit Administration as built up facilities to make short-v short-v nn loans and loans to fanners' operatives, and the volume lent jrough these institutions is not far wrt of the amount advanced on ".''am mortgages through the land r anks over the entire country. ' m Utah, 1937 loans totaling $5,-32 $5,-32 200 have been made the past ' iree years through the Federal fj 'd Bank at Berkeley, Calif., and 1 1 36g loans for $6,304,400 through the Land Bank Commissioner. Short-term credit loans in this State totaled approximately $27,000 -000. The largest total in this amount is the $10,970,465 in loans to and discounts from private financial institutions in-stitutions made by the Federal Intermediate In-termediate Credit Banks. Production Credit associations have lent $7,012,171 to 889 borrowers, borrow-ers, and the Regional Agricultural Credit Corporation $7,063,615 to 1263 farmers, according to Mr. Sanford's latest figures. The 3006 emergency crop loans made in Utah total $284,-158, $284,-158, and the 4007 drouth relief loans made in 1934 and 1935 aggregated $1,752,497. "The largest part of the loans made by the Farm Credit Administration Adminis-tration were executed by the permanent per-manent institutions which obtain funds primarily from the sale of securities to the investing public. As the depression recedes loans by permanent per-manent cooperative institutions have far overshadwoed the emergency financing which characterized the early period of operations," Mr. Sanford San-ford said. G |
