Show 1 ederae land bank commissioner loan P period extended importance to farmers of this part of the state of the bill recently passed by congress and signed by the president extending the period for making land bank commissioner loans to june 1 1942 may be seen from some figures supplied by charles parker president dent of the federal land bank of berkeley the authority to make commissioner commissioner loans would have I 1 e ended february 1 1940 if the law had not been enacted extending this authority from may 1 1933 to january ast 1st of this year utah farmers obtained loans from land bank commissioner funds mr parker said A portion of these were straight commissioner loans and the rest were what we call joint loans that is loans in which the federal land bank and the commissioner missioner join to make a loan to the farmer in many cases it is impossible for the land bank alone to make a loan large enough to meet the farmers needs because it is limited by law to making loans not ex exceeding ce eding one half the value of the farm together with one fifth the insured value of the building I 1 i this limitation is overcome when conditions warrant making part of the loan through the commissioner comi i missioner ncr for such loans may be I 1 made up to 75 per cent of the total value of the farm and buildings utah farmers borrowed over of commissioner funds during the past six years and while this is a little over one half of the total loans made to utah farmers through the land bank it was vas a vital factor since other wise it would have been impossible to have helped them |