Show Operating credit being used by local Farmers to aid Approximately farms use service This is the time of year when Duchesne County farm families plan the steps they need to Increase the efficiency of their farming operations during the coming farm reports Jay S. Farmers Home Administration county Approximately farm families in the county are operating their farms with loans obtained through the Farmers Home The agency advances' operating credit primarily to help eligible farm make improved use of their land and labor resources on family-type farms and make needed changes in their farming Most of the changes call for adopting better farming practices and improving the efficiency of their farming The Joans help farmers pay for seed and other farm and home operating needs including refinancing chattel Operating loans run from 1 to 7 years at 5 percent The average operating loan in Duchesne County is approximately said the bulk of the operating loan money in this area is being used for equipment and Many of the changes in farming systems are resulting in better more dependable a higher production of grain and and a better balanced farming Before an operating loan for adjustment purposes is the applicant and the county supervisor agree on the proposed longtime At the beginning of each farming year while the loan is being the family with Fitzgerald's help makes annual plans for the best use of the farm income and to determine additional credit A year-end review of the past year's successes and mistakes guides the family and the county supervisor when they get together to plan for the year coming Fitzgerald said he can make operating loans only to families who live or acquire land and labor resources needed to help them improve their and who are not presently able to turn to private or cooperative lenders for adequate financing of the type they All borrowers graduate to conventional credit as soon as they |