OCR Text |
Show iTedy Tanners Are I Eligible For S. A. Loans 9 3 A fuodaraental chanrs in agrl- ouiturad credit poilcy has b tn In- t BUgurai9d by the res ttlement ad- i rtnUtratlon, which eartavdj toans x to bnpovrtjhrd farm famtllea In n effort to enabl? them to Decerns De-cerns self-supporting, according to C. O. Stott, gjOe direictor of rural ' rtmblUtaton. 8 Und r res ttletnent pollci a, each farm family granted a lorn must 3 aerea to follow approved farm serf norm; mam ay men; plans wortrd out by local ruperrisors In cooperarion with the local Kg-rloultural Kg-rloultural j nt. Wi'h th-'i plan, r sta tement makes ovrtoin in ai- , var3 of the ir.lization of tTery jjlauBlbl-. method of rratdng th? I farm pay and operating the home 8 ' ecanomlcall.r, Mr. 8fcf.t point" d out. 8 At th; mm? time, the r"cipi:nt B of the loan b given the ben en cf H thg faim'CTg knowl d?? of esper who ar:, ttiorcrughly faratiar with E agricultural ocndltior.s in his own R , county. M ' During th? erow'nj teascoi, the 3 farmer is expected to eon r with m ' hia county auptrv o.yr on prop r S eulUvaUon methods, while hi; wifo Is jriven 'T3ry aatKanca In th etjonomieal opera; Ion of the S home. Under this m thod, fine farmer net only j. a loan but h J , la g'vea exp.rt as latanoe in the j K'kng of hia crp 33 that ho may 'hs aide to r"py hia obligation. Farm own'ra, farm tenants, iai-cropper3, farm laborfra or 3 jrrxxm who, when lat employ d i- obtained the major portioa of S their Income frrm farming op r- B attarM, are eligible for loans ucd'T a yetlfneDt'a rural rehabilitation program prartd d they are the tftuU f destitute or low-tncome Jarra families nd tmabl- to ob-ttrfo ob-ttrfo credit at reasonable t-rms from recoynlaed federal or private oredi ay-rtrlea. Farm famlliefi, tudgrd capable of eq?erUne a farm is given aasiat-oob aasiat-oob and training, are being ex-tend'd ex-tend'd loams to enable them to I purorane tools, llveatock, seed, fMrll5r and other things nreded I an the farm. These families are Bvm up to five years to rpay J tasm for llvertock, farm machinery J wS ottv-r heavy equipment. Loans far rent, "rd, fertilzer ; and rubslstenoa are made on a itf-Ft-term bads of one or two B J ywm Interest on al loans ia at 9 tfvi rta of five per cent amnual'y. B Applications for loans fihculd I 1. "ado to the county resettlement 9 J oupervisor or to the county agri- 8 1 cultural agent. g |