The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1918-12-19
FEDERAL SEED
GRAIN LOANS
FACTS REGARDING 81 :
LOANS FARMERS SHOULD
KNOW.

Wheat for 1919 must be in the
Federal Seed Grain Loan Office
at Great Falls, Montana, not
later than February 1st. 1919.
In order that farmers may know
we'll in advance of the seeding
season whether or not they are
to obtain aid from this source,
and that the work of handling
the applications may not be ex-
tended indefinitely, this early an
nouncement of the closing date
is made by the United States
Department of Agriculture,
Seed Grain Loan Office, at
Great Falls, Montana.
Farmers, bankers, and county
agents are urged to act prompt
" so that all applications may
be completed within a specified
time and a rush at the last mo-
ment avoided.
First. Loans will be made at
the rate of $500 per acre on not
to exceed one hundred acres.
The amount available for loans
to North Dakota farmers is
about $550,0O0.00. That portion
of funds set aside for North
Dakota that was not used in
making loans on fall rye is avail
able for loans on spring wheat.
No loan will be made to any
farmer who has unencumbered
real or personal property suf-
ficient to secure a loan of $4,000
Third. Application may be
made through any bank in
Bottineau County, or through
the County Agent, Mr.. J. M.
Humphreys at Bottineau, or
through the Secretary -Treasur-
ers Of the Federal Farm Loan
Associations, Mr.. j. L. Page OF
Westhope, and Mr.. J. 7. Neville
at Bottineau.
!. Fourth. The money will be ad-
vanced as a loan on the crop OF
spring wheat sown. No loan will
be made in excess of $500 per
acre, nor on more than one hun
dred acres, nor on other crops
Except rye), so that the maxi
mum loan to an individual is
$5OO.OO. A person who has bor-
rowed on fall rye may borrow
an additional amount on spring
wheat provided that the aggre-
gate amount does not exceed
one hundred acres in area nor
$5OO.Q0 in amount.
Fifth. Loans will be made only
to land owners and homestead
ers who can give an unconditlon-
al mortgage on the crop. No loan
can be made on crops which are
to be grown on rented land, on
lands that are being farmed by
power Of attorney, or otherwise
than the owner.
Sixth. The applicant must
agree to use seed and methods
of farming approved by the De-
partment Of Agriculture.
Seventh. Applications for
loans must be made on the regu-
lar forms supplied to banks and
county agents, must be COM
pletely filled out, signed by the
applicant and sworn to. The par
ticular acreage that is to be
sown. not to exceed one hundred
ac,,c- -,arst be described in the
application. 1t must De approved
by the banker through whom
the application is made, and
through whom the loan will be
closed. The application will then
be delivered to the county agent,
who will turn it over to the COM
mittee designated to approve
seed grain loan applications in
the county. This committee will
determine whether or not this
applicant is entitled to the loan.
After approval by the county
Committee the application will
be forwarded to the Federal
Seed Grain Loan Office, FEEDER
al Building, Great Falls, Mont
aana, FOR approval. When ap-
proved by representative Of the
Department Of Agriculture a
certificate Of approval will be is
sued by the Federal Land Bank
of st. Paul to the effect that the
money will be advanced when the
crop is sown and the necessary
certificate Of planting, note and
mortgage are executed and de-
liyered. This certificate Of ap-
proval will serve as 9 basis Tor
q temporary credit at the local
bank Id aiding the applicant IN
80 yrYI.... IT. nnxN