Show emergency crop and feed loans field supervisors press release furnished particulars in regard to farm loans applications for emergency crop and feed loans for 1938 are now being received at the court house monticello utah by 0 P madsen field supervisor of the emergency crop and feed loan section of the farm credit administration the loans will be made as in in the past only to farmers who cannot obtain credit from any other source the money loaned will be limited to the farmers im meda e and actual cash needs for growing his 1938 crops or for the purchase of feed for livestock and the amount which ray may be loaned to any one farmer in 1938 may not exceed farmers who can obtain the funds they need from an individual production credit association bank or other concern are not eligible for crop and feed loans forn the emer emergency ency crop and feed loan section of the farm credit administration the loans will not be made to standard rehabilitation clients whose current needs are provided for by the farm Security Administration formerly known as the resettlement administration As in the past farmers who obtain emergency crop and feed loans will give as security first lien on the crop financed or first lien on the livestock to be fed if the money borrowed is to be used to produce or purchase feed for livestock where loans are made to tenants the landlords or others having an interest in the crops financed or the livestock to be fed are required to waive their claims in favor of a lien to the governor of the farm credit adminis tation until the loan is repaid checks in payment of approved loans will be mailed from the regional office of the emergency crop and feed loan section at salt lake city utah |