Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-03-23
MODIFICATION MADE.
IN Terms OF SEED
LOAN FOR FARMERS
RECEIVE INSTRUCTIONS WHICH
INCREASES LOAN ADvAN-
TAGES HERE

Under regulations received by the
field inspector. Il. A. Draper, that
part of the requirements for this
years seed loan which made it nee
essary, for q borrower to haye made
d payment on previous loans and
limited the amount possible for him
to receive to 800 is revoked.
The matter is now left to the re-
gional officers. Field inspectors are
instructed to consider applications
on the basis of the farmers ability
to pay in previous years. In other
words, where it was impossible for
him to make payments, due to crop
failures, as has been the case In
Sheridan county. new applications
will be considered without regard
TO former obligations.
However. If it il shown that the
farmer could have paid his loan,
either In full or in part, In previous
years, and did not do so, the 1893
application may be dis%approved, say
the instructions, sssince it is not the
desire TO continue TO finance those
who have no proper sense OF obI-
cation to the government" The fact
that Sheridan county farmers have
a record Of having paid back SO per
cen of government loans up to the
time when years of drouth made ii
impossible to do so would 0byious-
Iy remove them from the class of
those who do not meet their obi
cations.
Fees for searching the records In
connection with loans will be paid
by the crop production loan office.
As interpreted by the local com
mittee, the new provisions will en-
title each borrower to the maximum
loan OF $500 even though he may
have not paid something on the
past W years leans.
There has been no change made
In the waiver clause, although this
Is the condition which many Dor
rowers In this section are finding
most difficulty In meeting. Efforts
are being made In Washington to
secure n modification Of this re-
qnirement, and some information Is
expected by the field inspector most
any day regarding 1t.
Loans will be made for summer
following up Ito $3.50 an acre for
nm acreage not in excess of that
planted in 1893, provided a first
lien is given on NIL crops growing,
or to be planted, grown and harvest
ed in 1898 sufficient to cover the
advance. Loans may be granted for
rates lower than these limits. APP
plicants must state for what pur-
poses hey intend to use the funds.
Farmers intending to apply for
loans need not write to Washington
or regional offices, but may secure
the application forms from him. Mr..
Draper says. Loans viii be made
only to farmers who cannot secure
credit elsewhere. and who cannot
farm unless they a secure the
loan.
To have a loan application ap-
proved this year. a farmer must
agre to reduce his acreage 30 per-
cent under that grown i'm 1892. The
80 percent withheld from cultiya-
tion may be sown to soil-building
crops. A first lien on the 1888 crop
Ia required. Loans are due October
81. 1893.
The regulations make 1t 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 imprisonment for violation of
such regulation. The regulations re-
quire that each borrower agree to
plant a garden for his home use and
to plant sufficient acreage to pro-
vide necessary livestock feed.
A. II. Draper, field inspector,
stated Wednesday that 80 applica-
tions had been forwarded to the re-
gional office from Sheridan county,
practically all of which he believed
would meet requirements and be
promptly approved. The average ap-
plication was for about $275. Mr..
Draper expressed his surprise at the
number OF applicants who were ap-
plying for their first loan from the
government. almost a third Of those
already received
The Inspector said now that the
terms had been modified he ex-
pected both the committee and him
self to be kept busy considering ap-
plicati0ns.