Show Support of banks i Aids Long-term loans Local banks and other private lenders are increasing their stake in the Farmers Home Administration's program of long-term loans to qualified farmers to buy or improve family-type farms or establish good soil and water conservation Jay S. Farmers Home Administration pointed out this This agency is authorized to insure farm real estate loans that are made from funds advanced by insurance or other institutions having money to Since the recent change in the money activity by investors has greatly During the past 6 the national monthly volume of new insured loan business has risen from approximately to a For either a direct or insured loan the farmer pays per cent If the loan is the lender or investor gets a clear 3 percent and the Government guarantees payment of both principal and The full guarantee and the money market change have put many local banks in position contribute to a stronger local agriculture by helping farmers otherwise unable to buy or improve their Fitzgerald After a period the private lender may sell the insured note to the Government for the amount of principal and interest may arrange for later or may hold until the note is fully In case of the Government stands ready to take the note over with no loss to the The Farmers Homo Administration takes care of all collection and servicing |