Show F S A community lo 10 loans ans available small farmers FurSt in F ur st t s I 1 form orm groups fr pr P r h se of machinery sin francisco may more than farm families in arizona nevada nerada california and utah have participated in farm y administration conr co arr unity runty loans for the improvement of their farms jonathan garst regional director dire clor announced today community service loans garst explained are made to small groups of low income farmers farmer 3 for the purchase of every type of farm equipment and purebred sires neighbors agreed to pay a nominal fee for the services thus made available loans run for five years or less at three per cent interest this type of loan garst said has made it possible for small farmers to enjoy the advantages of modern farm machinery and to improve their herds the low income farmer cannot operate on a mule and a plow basis and successfully compete in the markets taking advantage of the community service loan farmers in the four states have borrowed more than A total of loans have been made to small groups of three or four each group averages ten participants the fees agreed upon by the participants make the loans practically self liquidating garst pointed out A large proportion of the money thus borrowed has gone into trade channels through the purchase of tractors binder threshers thre disc plows ensilage cutters potato diggers sprayers sp and the like none of the borrowers was personally able to finance the purchase of such equipment utah led the four states in borrowers with community service loans and participants aside from heavy machinery purebred sires led the list of community services established the total borrowed by utah farmers was california farmers have borrowed arizona farmers nevada farmers additional funds are available for community service loans in the four states and applications are being received by farm security administration county supervise ors |