OCR Text |
Show Seed Loan Office Opens The Pyramid has just received wcrd that anyone desiring an emergency emer-gency federal seed loan should get in touch with one cf the following men: L. P. Nelson of Mt. Pleasant; Pleas-ant; Peter Sundwall cf Fairview; John S. Blain of Spring City. Other: Oth-er: are bsing chosen for Moroni and Fountain Green. According to the regulations under un-der which the crop loans are to be made this year, any farmer who secures se-cures a loan must obtain a statement state-ment from the county production council, where one exists, that he does not intend to increase his acreage ac-reage or production in violation of the Agricultural Adjustment program. pro-gram. In counties where a county production pro-duction council has not been set up, before any application for a loan will be considered the farmer who is applying will have to give satisfactory satis-factory evidence that he is cooperat-ling cooperat-ling with the production control program pro-gram of the Agricultural Adjustment Adjust-ment Administration. The maximum amount of an e-mergency e-mergency crop loan that may be obtained by any one individual is $250, the minimum is $25. Applications for loans in any a-imount a-imount frcm $25 to $150 may be accepted ac-cepted by the emergency crop loan office provided the farmer does not ihave sufficient security to obtain a loan elsewhere. ' A farmer applying for $150 or more must first make application to the Production Credit Association for a loan from it. Rejection of this application by the Production Credit Association will be considered suffl-Icient suffl-Icient evidence that other credit is :not available and the applicant may then make application to the emergency emer-gency crop loan office. |