Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-04-04
$6O,OOO,OOO For
Emergency Crop
Loans Available
Field Supervisors Operating In
Counties Ready To Aid
Maryland Farmers

Emergency Crop and Feed Loans
from the $6O,OOO,OOO fund appropri-
ated by Congress is now available
it was announced last week by
]. X. Doughton, general agent Of the
Farm Credit Administration Of Balti.
more. The announcement was made
following official notification from
VIM. l. Myers, governor of the Farm
Credit Administration in Washington.
These loans, Mr.. Doughton said,
will be made only to farmers who are
unable to obtain elsewhere, supplies,
feed, or the necessary credit to pur-
chase such items, and not to any ap-
plicant who can obtain credit from
any other source, including produc-
ton credit associations.
Field supervisors, operating under
S. M. Thomson, of the Emergency
Crop and Seed Loan Office of the
Farm Credit Administration of Bal
timore, will accept applications for
loans.
The Field Supervisor for the West
ern Shore counties, including Mont
gomery, Howard and Baltimore, is
Donald Clark, Box 247, Silver Spring,
Md.
According to Mr.. Doughton, the
maximum amount of an emergency
crop loan this year is $500, the min
imum $40. In the Baltimore district
an applicant for an emergency loan
of $3.50 and above must clear through
the production credit association un-
less loan is for fruits and vegetables,
in which case dividing line is $500.
and above.
Loans will be made only to appli-
cants who are cooperating directly
with the production control program
of the Agricultural Adjustment Adj
ministration and who are not propos-
ing to increase their 1886 production
in any way detrimental to the sue
cess of the program. A statement to
this effect is contained in each loan
application.
Mr.. Doughton said that although
the maximum emergency crop loan
to one farmer is $500, no loan for the
growing or harvesting of crops may
be made in an amount greater than is
actually needed in each case to pur-
chase seed and fertilizer necessary
for production. This fund is appropri-
ated specifically for emergency pur-
poses and must be used to assist the
maximum number of such needs, he
said.
1t was also pointed out by Mr..
Doughton that considerable part of
the funds must be used to assist
farmers whose operating resources
have been depleted temporarily as a
result of the drought last summer.
In addition to the purchase of seed
and fertilizer, loans will also be made
for following and for the production
ond purchase of feed for livestock,
but not for the purpose of purchasing
livestock or machinery, or for the
payment of taxes, debts or interest on
debts.
As in the case of loans for crop
production those for the purpose of
growing or purchasing feed for live
stock must correspond to prevailing
cost Of feed, seed, fertilizer or other
items in the section in which the lean
is made. Loans for the production or
purchase of livestock feed will be
limited to the amounts required until
the time when the borrowers pas
turage, forage, or grain crops are
available, and may not exceed $40
per head per month for horses and
mules; $3.50 for cattle, $50 for sheep
$.35 for goats, $1.00 for hogs, and
$1.O0 per acre for forage crops.