OCR Text |
Show pJiSStorage Loan program Extended Because of large crops in 1949 Tw-e carry-overs into 1950-a?d 1950-a?d the government's farm con-1 con-1 51, .finn loan program is be-' be-' tended for another year, M n2 to J- Vern Hopkin, Shi accvnian of the state Produc- chairnd Marketing committee. tlon r i einal program, an- Th6nred in June of 1949, was 3t" ""funded to make loans available ! through June of this year. H1 The farm-storage loan pro-". pro-". ic rmen to producers of and certain other storable grrni including wheat, corn, S 'Ste barley, r y e grain sor-EilS sor-EilS s soybeans, dry edible at 'and peas rice, peanuts, cottonseed, and fla. The loans are for the pur-J" pur-J" 0r construction of farm : c",n fqcilit''"? in fin arriont Li to exceed 85 per cent of the CO rost of the structure. Loans bear interest at the rate of 4 per ! iont Der year and are payable five annual installments or Sriipr at the farmer's option. |