The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-01-24
WILSON ANNOUNCES
LIBERALIZATION OF
FEED LOAN POLICY
FcA Authorizes Increase to
$3.50 for Cattle, IS for
Horses Per Month
Lberali1a ton Of the farm credi

Liberalization Of the farm credit
administrations emergency feed loan
policy was announced Thursday by
E. A. Wilson, FERA administrator fol
North Dakota, on advices from Wash
ington.
The FCA has authorized increase
OF the original maximum feed loan
OF 3 per head per month for cattle
to $3.50 and the original maximum
feed loan Of $3.50 per head per month
for horses to IS. Wilson said.
Wilson explained the increasine
cost Of stock feed was the reason fol
tho liberalization The lower loan
rate did not give the farmer enough
cash to purchase sufficient feed 70,
his livestock each month. he said.
Requested liberalization
DR.. H. L. Walster, director of the
drouth relief service, and Wilson re.
quested the liberalization when they
were satisfied the previous maximum,
loan was insufficient 1t present feed
prices.
Wilson pointed out that FCA's rul-
ing has had no effect on the maxi
mum feed advance which Is limited
to $25 per month per farmer.
As = result Of the new policy, Will
son said. many farmers who in the
past have been provided feed advances
only BY the FERA win now be able
to securef feed loans from the FCA.
The farmer with sufficient head OF
stock to obtain q $2s per month feed
loan under the new maximum rates
must apply for his loan 1t the emer-
gency feed loan offices Of the rCA
usually quartsred in the county seats
with or near the EEFsA offices, Will
son said.
Explaining the difference. Wilson
said that prior to the authorized in
crease in maximums Of loans, 1.-THE
farmer with four COWS and two horses
would at the original established rate
Of s. per head for cows and $3.50 fol
horses have been able to secure loar
of only so.
"Since the emergency feed loan Of
flee does not make loans Of less thar
SIS per month this farmer had to Sc
cure his fed from the FERA either
in the form Of cash for work perform
sed on work projects or in the form
Of relief orders.
Handed BY Dealers
Under the new liberalized setup
the same farmer Is able to obtain a
feed loan Of $18 for his cows and 81
Mr. his horses or q total OF $50 pei
month automatically making him elig-
ible for the FCA emergency feed loan
and automatically cutting him of
from FERA advances.
when emergency feed loans arr
approved by the local committee and
subsequently approved by the FCA
office in st. Paul. the farmer immedi.
ately receives . check with which tt
buy feed from the local dealer
The FE2A does not distribute any
feed directly to farmers, Wilson ex.
planned. All feed Is handled by loca
dealers. Hay and straw were pur.
chased by the FERA last summer anc
fall in order to insure supplies Of feec
for North Dakota farmers In thu
6routh areas irrespective Of whether
they had cash to buy such feed
whether they had secured loans from
the FCA or whether they had OBJ.
tanned feed advances from the FERA,
Wilson said.
On orders from Washington these
feed supplies later were turned ovel
to the North Dakota rural rehabili.
tation corporation. The corporation
in turn sold this feed to local dealer.
At cost, Wilson said.
Contracts were made between TIL.
corporation and the dealers limiting
the margin Of profit In order TO in.
sure feed for farmers at the lowest
possible price," Wilson declared.