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Show Two Agencies Consolidate In Federal Farm Work The Farm Security Administration Adminis-tration office for Sanpete County Coun-ty today became a field office of the newly created Farmers Home Administration, and Benjamin Ben-jamin F. Hulme, formerly FSA Supervisor, was named interim FHA Supervisor. The re-christening signalized the merger today of the Farm Security Administration and the Emergency Crop and Feed Loan Division of the Farm Credit Cred-it Administration into the new Farmers Home Administration which will carry on from where the other agencies left off. Hulme said that the consolidation consoli-dation of the two agencies will not curtail services. For the time being all FSA and ECFL offices will continue in operation opera-tion as before but under a new name and with new loan policies poli-cies which greatly expand their services to Sanpete County farmers. The new Farmers Home Administration, Ad-ministration, Hulme said, will do everything that its two predecessors pre-decessors did and these things besides: 1. Give priority to veterans of all wars. Special eligibility was formerly given only to World War II veterans. 2. Make 40-year loans at 3V2 percent interest for the enlargement enlarge-ment of undersized farms, or for development or improvement of family-type farms. 3. Make long-term, low-interest loans to disabled veterans veter-ans for the enlargement of undersized un-dersized farms, or for development develop-ment or improvement of family-type family-type farms. 4. Make operating loans o up to $3,200 in any one year. Hitherto such loans could not exceed $2,500. Hulme said loans will be made only to borrowers who are unable to obtain adequate credit at reasonable rates and terms from other sources. He said Congress defined "reasonable" "reason-able" rates as those prevailing in the community but not exceeding ex-ceeding five per cent. |