Show Farm And Home Improvement Loans By FHI Basic Qualifications for Loans Are Inability to Obtain From Other Sources and Desire to Become Self Sufficient A special program of farm and home improvement designed to help farm families improve their standards of living through better housing and a firmer hoid on their was announced for Duchesne county by Ernest M. rehabilitation supervisor for the Farm Security Morrison said today that the FHI program will provide long term credit for farmers who I must have more secure ad-I land or general property i development in order to gear their i production to Food lor Freedom demands and benefit from improved farm The newly-available loans are made only in selected They aim at solution of problems which Land-use Planning committees commonly cite as major handicaps to family-size farmers in these Individual Farm and Home Improvement loans are limited in j amount to an appraisal price bas-ed on the lands value for agricultural and are payable in from 15 to 40 years at 3 per cent interest on the unpaid A variable repayment schedule allows the borrower to pay more one year and less in line with actual net FHI funds may be used specifically Refinance real estate except where the is owed to a federal Construct or improve farm i homes and Purchase additional land to build up the economic size of unit j necessary for successful Purchase water rights or stock in irrigation pay for participation in irrigation or land drainage or finance the development of such also to redeem liens on irrigation water rights or Purchase materials and buy or rent equipment for land de- j Redeem or repurchase farms under or those which j have been foreclosed within the j Last 18 provided the farm-j er still has a chance to regain Certain other types of aid are j provided by the Fill but Morrison pointed out that the use to which funds will be put when a loan is like the eligibility of each farmer apply-j Ing for a must be determined on an individual Basic qualifications are the farmer's need for this type of his inability to obtain it any other and his desire to become self sufficient on a family type farm capable of producing the American standard of The Farm Security supervisor expressed his belief that the Farm and Home Improvement program authorized for Duchesne county would meet definite needs of many small farmers in this |