The midland journal. (Rising Sun, Md.) 1885-1947, 1933-04-07
CROP LOANS
Charge For Helping Farmers
Apply For Loans Is
Prohibited

Farmers who apply for loans
this year from the $90,000,000
fund authorized by Congress
for crop production loans,
should refuse to pay any fees
for help in the preparation of
their loan applications, it was
declared by j. d. Hobson, Field
Inspector of the Crop Produc-
ton Loan Office, stationed at
Towson, Md.
The law as enacted by Con-
gress this year specifically pro-
hibits the charging of any fee
for the preparation of the ap-
plication, Mr.. Hobson explain
ed, and provides for fine or i'm
prisonment, or both, for any
person found guilty of assess
ing such a charge. Notarial
fees, however, are still neces-
sary, as are fees charged by the
county recording official for re-
cording the lien given as Sc
curity for the loan, and for
searching the records for prior
liens.
Prospective borrowers need
not write to Washington for
application blanks and detail
ed information about the loans,
Mr.. Hobson said, but may get
that material direct from him.
The application blank this
year requires a statement of
the amount of the loan desired,
the number of acres for which
seed and fertilizer are to be
purchased, the amount desired
for feed, and the amount desir-
ed for fuel and oil for tractors.
The application also requires a
statement of the amount of the
loan which is to be used for
making repairs or for the pur-
chase of other supplies. The
sum total of these several
items must not exceed the
maximum rates per acre speci-
fed in the regulations.
A legal description of the
land on which the crops are to
be planted is also required, to-
gether with a statement of the
acreage of crops grown by the
applicant in 1882, and the
yields obtained. The appli-
cant is required to file a state
ment of seed and feed on hand
at the time of applying for a
loan.
To obtain the loan, the ap-
plication blank stipulates, the
applicant must agree to use the
money loaned only for the pur-
chase of supplies necessary for
crop production in 1888 on the
land described. Prospective
borrowers must also state that
they have neither the means
nor the credit with which to
secure these production sup
plies, and that unless the loan
is. granted, they will be unable
to farm in 1888.
Significant differences be-
tween the 1888 and 1882 regu-
lations governing crop produc-
ton loans are that this year
the maximum permitted to any
one borrower is $500, and that.
to qualify for a loan, borrow
ers must agree to reduce their
acreage of cash crops 80 per
cent below their 1882 acreage,
provided their farming opera
lions are above a specified min
imum. AS in 1882, a first lien
on the 1888 crop is required.
Loans are to be repaid on or
before October 81, 1888. The
regulations make it unlawful
for any person to dispose of or
assist in disposing of any crops
given as security for any crop
loan, except for the account of
the Secretary of Agriculture
and provide for fine and i'm
prisonment for violation of
such requirement. The regu-
lations require each borrower
to agree to plant garden for
home use and to plant suffic-
lent acreage to provide neces-
sary livestock feed.
o. c4I 80 H. g. 1e