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Show Last Day For Making Decisions Under Loan Program - April 30 April 30 is a date farmers should ma.rk on their calendars, J. Vern Hopkin, chairman of the State Production and Marketing Market-ing committee, said recently. That's the last day for making several important decisions under un-der the government loan and purchase-agreement programs. For one thing, Mr. Hopkin explained, April 30 is the day loans mature for 1949 crops of wheat, barley, oats, rye, and dry beans. April 30 is also the last day farmers may notify the county PMA committee that they want to deliver 1949 grain which is covered by a purchase agreement. And April 30 is the maturity date for loans on 1948 grains which were resealed under un-der loans last year. If farmers prefer to reseal under un-der loans or to transfer from a purchase agreement to a loan on their 1949 crops of wheat, oats, rye, or barley, April 30 is the last day farmers may so notify the county PMA-office. If farmers do not pay off loans before the maturity date, or if they do not notify the county PMA office that they want to reseal their 1949 grain, the Commodity Credit corpora-, tion may (1) call for delivey of farm-storage grain at any time during the 60-day period following the maturity date of the loan, and (2) take possession of warehouse-stored grain. Mr. Hopkin warned farmers that they a,re responsible for maintaining the quality of farm-stored farm-stored grain which is under loan. If farm-stored grain is higher in quality at the time of delivery than when it was placed under loan, any increase in the loan value will be paid to the farmer. If the grain is lower low-er in quality but still within the loan range, the farmer will have to pay the difference. If the grain is below . the loan grade, the farmer will have to pay back the difference between the loan and the market price gf the grain delivered. |