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Show Loans to Veterans for Farm Purchases And Operating Costs Reach High Peak Setting a new high in Farm Secur- ity administration loans to veterans, 6,400 ex-servicemen were financed in purchase of farm operating equipment or family farms within a two-month period, according to figures released by department of agriculture. The loans, made during March and April, constitute nearly a third of the total number the agency has approved for veterans during the last two years, FSA Administrator Admin-istrator Dillar B. Lasseter announces. an-nounces. Declaring that the agency expects the record lending to continue. Lasseter Las-seter reports that more than 20,000 veteran applications now are being processed in county offices. More than 16,000 veterans already have received FSA assistance. Approximately Ap-proximately 1,000 of them obtained farm purchase loans under terms of the Bankhead-Jones farm tenant act from an earmarked fund set up by congress. The rest have loans to buy machinery and livestock live-stock or for other operating needs. Soaring real estate prices and lack of productive farms for sale have handicapped veterans in their quest for farms, Lasseter says. |