Show FEDERAL LOANS TO TURE CURE TOTAL berkeley oalif t may 22 tn in the first year of its existence which will lie be marked by the late of hay 27 the farm credit administration through all its a agencies lias has loaned ond ind its twelve land banks have anve made over farm arm mortgage loans this is the statement neade by G governor over nor willi williat I 1 myers Al of the administration in 41 i special article written tor for 1 I western r banners Fan anglers antlers ant ners lers a publication of 0 the credit agencies here off the presses today in its first ati st years work ending 27 itlie ithe has hd had to face two ix problems it lind to t provide im mediate mei liate new financing for american farmers far to t help overcome abe effects ot of ithe worst al depression in history at the same time it has I 1 been been charged with the task of building a complete and coherent system of cred it it for a 11 system that bouli provide sounder anddore and more serviceable service alile credit md and a system that would ile be more understandable to the farmer who needs credit tb tbt t great financing program hns has 1 necessarily required a large laree expansion of t federal credit institutions relating litins re to anil and the or 01 elimination of ft agencies insulted tea to t a 11 permanent and complete system when the T CA was organized orsa nied 0 year ago aeo governor Gorer nor myers continues con and wide alip farm mort v situation spread foreclosure action t the country required the most dimmed late artion action the 12 feder federal it land banks supplied most of 0 th that at acion havins having ills buried by tar far ahe largest part ot of the more than a billion and it a half hair which has rone gone arora tile the credit agencies asen cies into ag agricultural channels tills this program lias has required a large lare I 1 expansion of oc credit institutions ing to agriculture and ve tile beor re antra tion of agen agencies cles insulted to the tern sera 4 sixteen years of 0 experience land hanks banks in has stood the ithe good cord stead in carrai carrying thru the tell ren dancing program iy ay I 1 y providing new loans tor for mortgaged fed farmers fanned s nt at re deuced rates rater of and on more leral lili iberal i eral terms of repayment ithe land banks have saved aved thousands of tann ers ani ani 1 l rs from foreclosure tho 1 road to and set tarn credit on recovery |