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Show 30 Per Cent Acerage Cut Required For Crop Loans Secretary of Agriculture Hyde Announces Regulations Regula-tions Under Which Funds for This Year's Farm Operations Op-erations May Be Obtained Reduction of 30 per cent in the acreage planted to cash crops will be required this year of farmers who procure crop production loans, Secretary of Agriculture Arthur M. Hyde announced today in making public the regulations governing the J 933 loans. In making available for crop production pro-duction this year $90,000,000 of Reconstruction finance Corporation Corpora-tion funds, Congress specified that the Secretary of Agriculture might require, as a condition of any loan, "that the borrower agree to reduce his acreage or production program cn such basis, not to exceed ex-ceed 30 per centum, as may be determined by the Secretary." The Secretary's regulations, however, stipulate that acreage reduction will not be required of farmers who, in 1933, plant no more than 8 acres of cotton: 2Vz acres of tobacco; to-bacco; 40 acres of wheat; 20 acres of corn; Vk acres of truck crops; 8 acres of potatoes; 30 acres of rice; 8 acres of peanuts. Farmers seeking crop production produc-tion loans this year are advised to obtain application blanks and copies co-pies of the regulations in their home counties, rather than from Washington. Field agents of the Crop Production Loan Office are now designating representatiies in each farming county to inform prospective borrowers of the requirements re-quirements governing loans and to distribute application blanks and other necessary forms. These a-gents a-gents will assist farmers in filling out applications, without charge. Accompanying the required 30 per cent reduction in acreage planted to cash crops, above the established minimum, the 1933 regulations re-gulations limit the amount available avail-able to any farmer to $300. In 1932, crop production loans were made to 507,632 farmers, averaging averag-ing $126 each. No loan in excess of flOO will be made to any applicant appli-cant who is in arrears on as many as two previous loans made by the Secretary of Agriculture. As last year, interest is fixed at 5V4 per cent, to be deducted when the advance ad-vance is made. All notes are due on or before October 31, 1933. Advances Ad-vances to borrowers may be made in installments, the regulations state, inasmuch as expenditures for crop production are usually made over a considerable period. One million dollars of the $90,-000.000 $90,-000.000 funds is available for livestock live-stock feed in drought or storm stricken areas. Charging a fee for the preparation prepara-tion of borrower's application is expressly forbidden this year in Section 3 of the Act of Congress authorizing the crop production loans. Congress further declared these loan funds "to be impressed with a trust to accomplish the purposes provided for by this resolution re-solution and it shall be unlawful for any person to make any material ma-terial false representation for the purpose of obtaining any loan cr to assist in obtaining such loan or to dispose of or assist in disposing of any crops given as security for any loan made under authority of this resolution, except for the account ac-count of the Secretary of Agriculture, Agricul-ture, and for the purpose of carrying car-rying out the provisions of this resolution. Teeth for Section 3 are provided in a clause which orders a fine not exceeding $1,000 or imprisonment imprison-ment not exceeding six months, or both, for any person found guilty of violating the above provisions. The remaining regulations announced an-nounced by Secretary Hyde are similar to those in force last year. An absolute first lien on all of the crops grown by the borrower in 1933 is required by the act. In counties where fertilizer is not commonly used, the rate of loans must not exceed $3 an acre for . general field crcps, and $12 an acre for truck crcps, including potatoes. po-tatoes. In counties where fertilizer is commonly used, according to the testimony of representatives of the Department of Agriculture, the rate must not exceed $6 an acre for general crops, $10 an acre foi tobacco, an $20 an acre for the truck crops, including potatoes. Not to exceed $1 an acre of loans made at any of these rates may be used for repairs and miscellaneous of crop production other than seed, fertilizer, feed for workstock, and fuel and oil for tractors. Special prevision is made for additional ad-ditional loans within the maximum maxi-mum allowed per farmer for the purchase of spraying and dusting, to protect crops from insects and diseases; for payment of water charges, electric power, etc. necessary neces-sary to crop production on irrigated irrigat-ed land; for production expenses including employment of hand labor, la-bor, on sugar beets, sugar cane hops, and rice. Loans may also be made this year for summer fallowing, fal-lowing, not to exceed $2.50 ar acre for acreage not in excess ol that planted in 1932, provided s first lien is given on all crop growing, or to be planted, growr and harvested In 1933 sufficient to cover the advance. In addition to -the reduction required re-quired this year in acreage of cash crops, borrowers must agree to plant a garden for home use and a sufficient acreage of feed crops to supply feed for their livestock. Acreage taken out of cash crop production may be planted to any scil-building crop. Loans' will be made, the regulations regula-tions further declare, "to farmers who are unable to obtain loans for crop production during the year 1933 from other sources. These loans may be made to such individuals indi-viduals as are found by the Secretary Sec-retary of Agriculture to have acreage ac-reage fit for seeding and who are without means to purchase the supplies necessary for crop production pro-duction during the year 1933. No loans will be made to any applicant appli-cant who has a means of livelihood liveli-hood other than farming. Loans will not be made for the purchase cf machinery or livestock, or tor the payment of taxes, debts, or interest on debts. Loans will not be made for the feeding of livestock other than workstock used in crop production." An application for a loan, accompanied ac-companied by the necessary crop lien, will be passed on first by county advisory committees. If the county committee and the field inspector in-spector certify the application, it will be forwarded to one of the several regional field offices for final approval and disbursements. The location of the regional offices and the States served by each, is as follows: Washington D. C. for Maine, New Hampshire, Vermont, Massachusetts, Massa-chusetts, Connecticut, Rhode Island, Is-land, New York, Pennsylvania, Michigan (for all counties east of Lake Michigan) Ohio, New Jersey, Delaware, Maryland, Virginia, West Virginia, North Carolina, South Carolina, Georgia and Florida. Flor-ida. Memphis, Tennessee for Alabama, Ala-bama, Arkansas, Louisiana, Mis-si-sippi and Tennessee.. St. Louis, Mo. for Indiana, Illinois, Illin-ois, Kentucky, Missouri, Kansas, Oklahoma, and Eastern Colorado to a line running west of Larimer, Grand. Summit, Lake, Chaffee, Fremont, Custer, Huerfano, and Los Animas counties. Dallas, Texas for Texas, New Mexico and Arizona. Minneapolis, Minnesota for Iowa. Minnesota, Nebraska. North .Dakota. .Da-kota. Wisconsin, Montana, Michigan Michi-gan 'for these counties included in the Northern Peninsula), Wash--lyton. Oregon, and Idaho ''noith if and including Idaho county). Salt Lake City, Utah for California, Cali-fornia, Nevada, Utah, Wyoming, Tdaho (portion south of Idaho county) and Western Colorado, to . line running east of Jackson, Routt, Eagle. Pitkin, Gunnison, Sagauche, Alamosa and Costilla counties. Anyone wishing to learn more details relative to federal crop leans will do well to call on Petei C. Peterson, Jr., field representative representa-tive at Ephraim. |