Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-10
FARM BOARD LOANS.
TOTAL S46,SD5,OOO.
SoTe of Money Allowed Early
in August Is Being
Repaid.
BY the Associated Press.

| BY the Associated Press.
| The Federal Farm Board has loaned
or made available to agricultural mar
keting associations total of $46.805, 900
since the first loan was approved under
the agricultural marketing act three
months ago.
Board officials revealed yesterday
that some OF the money loaned early in
August already is being repaid While
the principal work of the board has
been to get funds into circulation
among qualified marketing associations,
machinery for receiving it again has
been set up.
The loans made have ranged from
s25 900 to the Arkansas Cotton Growers
Cooperative Association to between
S1o,0oo.0oo and s20,0o0.ooO made
Growers Exchange for the use of its
members. Much of the latter sum has
not been taken out of the boards
treasury. but it has been definitely set
aside for the use of the exchange
Fruit Growers Get First Loans.
Cotton, fruit and wheat have been
the principal beneficiarieS of $36,000,-
600. but other commodities have been
given substantial aid. The Idaho
honey producers received S135,000 and
the milk producers of Cleveland were
allowed $400. 900 while they were in the
midst of a price war" Rice producers
have been assisted materially, the board
having made several advances on
percentage basis.
The first two loans made by the
board went to fruit growers. The
Florida Citrus Growers Exchange re-
ceived $500, 900 to enable it to construct
cooling and heating equipment neces-
sary to meet Government regulations
against the fruit fly. Four million. five
hundred thousand dollars were made
available to the Sun Maid Raisin Grow
ers of California. At the same time
the board made arrangements for Cali
fornia banks to raise the total available
for advances to growers by the raisin
group to 100000.
Cotton has received nearly half the
amount so far advanced by the board.
Cotton cooperative organizations ap-
piled for and received a total of SIS
$4,000 in the three months, aside
from the $l0,O00,000 made available for
the cotton growers exchange.
Fruit marketing organizations have
received, or will receive, $12, 100000 as
the result of board action. OF this
amount $4.500,000 will come from Cali
fornia banks, largely as a result Of
like loan from the farm board.
Wheat loans have been slow, due
largely officials said, to the lack OF
central organization through which to
work The National Grain Corpora
ton has now been organized, and the
board expects a number of large wheat
loans in the very near future. Up to
the present $4,000 has been adj
vanced wheat organizations.
Livestock Growers Aided.
Livestock interests have had $1,000
900 made available to them. all through
the national producers feeder pool.
This loan will be of considerable as
sistance to corn growers as feeder cat
tie are generally moved into the corn
belt for fsttening
Loans from the board have been
roughly divided into two groups; COM
modify loans for making advances to
growers on actual products and facil-
tiles loans to enable organizations to
provide adequate facilities for storage |
and other methods of bringing products |
to the market in an orderly manner
A number Of central marketing or
are being PERFECTED under
the boards guidance. The principal
ones now pending are grain corpora
lions for the Northwest and livestock
for properly handling
cattle and swine. The board hopes
also to bring widely separated cotton
into one central organ
ization, and tobacco cooperative aSSo-
Citations have held conferences with
board members looking to a central or
ganization.