The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-06
U. S. GIVES AID
TO | OF EVERY
FOUR FARMERS
Government Data Reveals
FCA Leading Agency
for Assistance.
Copyright. 1898. BY United press)

Copyright. 1885. by United Press)
WASHINGTON, May 6.-Approxi-
mately one Of every four farmers in
the United States depends on gov
eminent financial aid, either
through loans or direct grants, in
his efforts to derive a satisfactory
living from the soil, government
statistics revealed today.
Most of this assistance is from the
Farm Credit Administration, with
the Resettlement Administration
supplying the remainder. AAA and
soil conservation benefits we're not
included in compilations leading to
the one-in-four figure.
If either AAA or soil conservation
benefits had been included, the
number of farmers receiving gov
eminent aid would have been we'll
over so per cent. Nearly 100000
farmers participated in the various
AAA programs, and officials expect
the number participating in the new
soil conservation program will be
nearer 100000.
100000 Mortgage Loans Outstanding
Latest census bureau estimates on
the number of farm operators in
the country placed the total at g.
100000 in 1885. Thus, nearly SO
per cent of the farmers participat-
ed in the AAA production control
efforts, and approximately so per
cent are expected to cooperate in
efforts to curb soil erosion.
FCA has approximately 100000
mortgage loans outstanding, plus
some 100000 short-term crop loans.
RIA numbers slightly more 100000
farmers on its rehabilitation rolls,
bringing the total for these two or
CARNATIONS to 100000, or about
One-fourth the nations farm popu-
lation. There is practically no over
tapping of loans made by the two
agencies.
The 100000 mortgage loans made
by FCA all are of standard long
term mortgage character, similar to
the Holes mortgages on private
homes. Most of them are cases
where banks, because of tight credit
conditions generally, refused to adj
vance money, but where the owner
has demonstrated reasonable |
chance for making a financial sue
cess Of the farm.
Loans on Short Time
FCA's 100000 crop loans are made
Tor terms ranging from six months |
to year in cases where the farmer |
needed the money immediately-to
buy seed, equipment, fertilizer, or
other necessary materials-and was
unable to secure the money from
private sources. The loan consti-
tutes lien against the coming crop.
The total value of these FCA
loans is about $3,317, 100000. This
figure, however, also includes loans
to 1900 farm cooperative organiza-
tions, to aid farmers in marketing
crops and purchasing supplies.
Resettlement's 100000 rehabilita-
ton clients all are farmers who were
unable to make a financial success |
on their own initiative, and CORE
spond to relief cases in cities.
Direct Grants Made
When they first apply to RIA fer
aid they are put on a direct grant
basis, with resettlement supplying
sufficient cash for them to purchase
the necessities of life. After a short
period on grants, each rehabilita-
ton client is placed on farm, if he
is not already on a workable one,
and given loan of sufficient money
to get started. The loan is made |
on condition that he must comply |
with management program sup
piled by RIA. specifying how he
shall farm his land.
RAs rehabilitation program start !
ed last summer, and will extend, on
the basis of present funds and au-
thority, until June 80. 1t has $118,- |
100000 at its disposal for the pro-
gram, of which $16,000,000 is for
grants and $102, 100000 for the loans.
Approximately 100000 of the 6co,-
600 'Rehab" clients now are on a
loan basis, the other 100000 still re-
ceiving grants. The peak load for
the program has not yet been
reached, and officials expect this
peak will not come until next
month, when they expect the total