Smyrna times., 1938-09-22
FARM LOAN FOR
THE FARMERS
Made Available to Tenants by
the Farm Security Ad-
miniStratiOn
FUNDS ARE LIMITED

Funds for loans to enable worthy
farm tenants, share-croppers and
farm laborers who are without
credit or resources to purchase
farms of their own are now avail
aOle in Delaware, it is announced
here by Mr.. Alan O. Tbert, Assist
ant to the Regional Supervisor of
Rural Rehabilitation, Farm Secur-
ity Administration, United States
Department of Agriculture. Ap-
plications are now being received
for consideration at the Dover FSA
headquarters. The sum of S29,-
085 has been allocated to Delaware
for this purpose during the current
fiscal year, which began July 1st.
This amount will be sufficient for
loans to purchase seven farms, Mr..
Ebert believes. Since there is only
a limited amount Of money for this
program throughout the United
States 100000 last year and
$25,OOO,OOO this year-loans will be
limited in each state to certain
counties designated by the Secre-
tary Of Agriculture, he explained.
These counties are chosen on the
basis of prevalence Of farm ten
ancy and availability of good
farms. In Delaware, Kent County
was chosen last year and this year
the program has been extended to
Sussex. Applications will be ac-
cepted only from residents of these
two counties. A State Farm Sc
curity Advisory Committee, serv-
ing on a volunteer basis, helps in
the operation of the program in
Delaware, Ebert states. There is
also a Farm Security Advisory
Committee for each county in
which the program operates. Ben
jamin G. Deputy, Rural Rehabilita-
ton Supervisor for Delaware, serv-
es as Executive Secretary for the
Kent and Sussex Committees,
which must approve all applica-
tions in their respective counties
before any action may be taken
The whole purpose of the Bank
head-Jones Farm Tenant Act" Eb-
ert stressed, ''is to eliminate the
rapidly growing evil of farm ten
ancy in this country. One can see
the seriousness Of the problem
when it is realized that the num-
ber of farm tenants increase by
about 10000 yearly in the United
States. The program is not de-
signed to help city people move to
farms" Farm tenants, sharecrop-
pers, and farm laborers in Kent
and Sussex Counties who wish to
make application, Ebert advised,
should direct their requests to Ben
jamin G. Deputy, Rural Rehabili-
tation Supervisor, Farm Security
whose Office is in
the Parke Building, South State
Street, Dover Farm Security Ad-
tenant purchase loans
are for a period of forty years at
three percent interest. Repay
ments will be variable from year
to year based on crop and market
ing conditions, and are so amor
tized that the borrowers average
yearly payment, including both in
terest and principal is 4.3 percent
Of the sum borrowed Such elastic
credit is something new in agricul-
tural financing, according to Ebert.
During the past fiscal year S11, 500
was allocated to farm tenants in
Kent County for the purchase of
three farms. Governor Richard @.
McMullen recently presented the
first of these loan checks to Ernest
v. Blendt at a ceremony held near
Smyrna on the farm which Blendt
formerly tenanted and was enabled
to buy with the loan granted him
by the Farm Security Administra-
ton. Members of the Kent Coun-
ty Farm Security Advisory Com
mittee are John G. Tarburton,
John M. Roe, and Ham
mon E. Coverdale, all Of Dover.
The Sussex County Farm Security
Committee, recently ap-
pointed by Secretary Of Agricul-
ture Henry A. Wallace, includes E.
Laird Kratz, Chairman, Green
wood; Claude Ellis, Seafrd; Malloy
G. Vaughn, Lewes. Mr.. Ebert
states that applications for farm
loans should be turned in
soon if they are to receive consid-
Grafton tnis wear.