Show County farmers use Credit finance Credit to purchase livestock and equipment and meet other farm operating costs helped 82 Duchesne County families increase their incomes In Lee L. county Supervisor of the Farmers Home Administration said that his agency made operating loans totaling to Duchesne county farmers during the 1964 fiscal year 1963 June Loans are made only to farmers who are unable to obtain credit from conventional lenders They may be used to buy machinery and seed and to pay other farm and home and to refinance debts Borrowers are also assisted in planning and reorganizing their farming operations to produce the highest return Interest rate in 5 to be repaid over a period of from 1 to 7 Chamberlain reported the operating loan program during period was of particular benefit to three groups of farmers in Duchesne Farmers who need credit to make major changes in their farm operations to do a successful job of 2 Young farmers who have an opportunity of taking over the farming operations of older farmers wanting to and Farmers working full or part-time at another job who need operating credit to realize the maximum return from their 1 limited farming operations Application for an operating loan may be made at Chamberlain's Post Office Regular office day is |