Show farmers home adm office to close loile J bailey supervisor for san juan and grand counties announces that the farmers home administration office in monticello will wil close on oil june 27 this action is necessary to meet the appropriations cut now pending in congress all PHA business for the two cou counties cities w will i I 1 I 1 hencel henceforth arth be handled through the price office joe W atan tv supervisor in id price will make pe periodic ridic trips into grand and san juan counties to service present accounts counts uc and to make new loans if and when funds are available house action on the department of agriculture tion bill eliminates direct loans for farm purchases fo for which veterans have applications cn an c n file with the hero here is also ia a cut of a third in the funds for farm operating loans nation wide denand de band for farm loans lias has developed among veterans who became eligible to participate in the program under sec 1 b of public law the GI hill bill of rights farms purchased ander thiis program must be bought on the basis of their longtime long time naming arning capacity veterans across the nation also have heavily creased increased in ir the demand for farm operating loans made to farmers who cannot get credit from private sources during the first 10 months of the present fiscal year more than applications for new loans were received by the of them from veterans with loan funds exhausted in most states of the veteran applications were still on an file although preference was given to them wherever possible not more thanG new operating loans ean can be made under the reduction in operating continued on page four F S A office continued from page one I 1 loan funds prescribed by house action to meet the cut the is preparing to close county offices fie es and has given dismissal notices to more than employees in utah nine county offices will be cl sed brigham city ogden Co coalville alville monticello castle dale nephi parl aitch beaver and roosevelt remaining employees will service 5 outstanding loans to utah borrowers these will total forty four employees in utah have re dived 30 day separation notices nationally the reduced staff will service more than borrowers wh ahse se obligations to j the government total part of the security for these loans has come from the assistance and farm ardi home planning and in on the farm guidance toward improved farm practices given borrowers by personnel in utah the made loans totaling during the first ten months of the present fiscal year sixty cne percent of the funis funds fun is went to veterans As of april 30 applications application for loans were on file of them from veterans direct loans totaling for the purchase of farms havi have been male in uh jah dundei the program has bas been elita by house action applications from veterans alone total four hundred and twenty one operating loans totaling V sac have bee beebi i made in U uh and applications is are on file the bill passed liv by tile the houss house rp re due duces fun bunas as bior v or hiis tiis aliis type of 10 loan an to ahe point that an average of only two new loans per county can be made during the next fiscal fi Ecal year almost all of the af pf proposed ro posed funds will be needed to meet the credit requirements of present borrowers |