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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 16, 1961)
Thurs., March lfi, Herald & News 1!ir,1 Pas 9- Klamath Falls Regulations For Farming Loans Eased WASHINGTON (UPIi - Agri culture Secretary Orville L. Free man has eased the regulations which apply to government farm operating loan.'; for small farmers. The effect of the move is to make loans available to a number of farmers who could not qualify for this type of government credit in the past. The loans involved arc made by the Farmers Home Adminis tration (FHA) to pay farm op crating expenses. They can be used to buy livestock and equip ment, fertilizer, tractor fuel, and other farm and home operating needs. The loans are approved! only for farmers who can't get' credit from normal commercial or co-operative agencies. In the past, small farmers have! been able to get these loans only under one of two conditions. The farmer had to have a full, family-size farm operation, or he had to have an outside job to supplement his farm income. The new regulations drop these requirements. Loans can now be made to small farmers who can use the money to increase their farm income and who have the ability to repay their debt. The loan can be made even if the farmer doesn't yet have a full, family-sized farm or an off-the-farm job. This applies, for instance, to young farmers who expect to get enough additional land soon to qualify as family-sized operators. It applies to farmers on small units who expect in the near future to get supplementary non farm jobs. It applies to farmers! nearing retirement. In the past, these farmers were not eligible for FHA operating loans. Now, they are. FHA expects to loan a total of $232 million in operating funds in the year ending June 30. About $52 million of that amount was still available for loans this week. Not all of the $52 million will be available to the newly-eligible borrowers,, however. Much of it will be needed for farmers who were already eligible before to day's change in the rules. Freeman conferred in Washing ton Tuesday with spokesmen for the American Soybean Associa-i tion. Freeman said later he is still trying to get information! from the soybean industry before finally deciding on the 1061 sup port price for the crop. j Freeman met with Charles Simpson of Waterville, Minnesota, and George Straycr of Hudson, Iowa. Simpson is president of the Soybean Association, and Strayer is executive vice president. The Agriculture Secretary ear lier had said he planned to set the 19fil soybean support at $2.30 a bushel, up considerably from the 1960 support rate of $1.85 aj bushel. The Soybean Association has said Freeman's proposed rate is too high, and Simpson said Tuesday that although his asso-j ciation does not want to throw any roadblocks in the secretary's path, growers are' concerned about surpluses. In the long run, Simpson said, growers don't want! supports put so high that they'd lead to a surplus buildup. The Agriculture Department says that the surplus carryover of soybeans at the end of the! current marketing year will be i down to 10 million bushels, or less. When the marketing year be gan last fall the carryover was 23 million bushels. This means thai farmers will market the entire I960 soybeans crop without meeting the full demand for their crop. About 13 million or more bushels from earlier crops will have to be drawn out of storage to meet demand during the cur rent season. The I960 crop of 559 million bushels was the second biggest in history. , Third Student . ATHENS. Ga. (AP The Uni versity of Georgia, which ended 175 years of segregation by ad mitting two Negroes in January, now is considering the application of a third Negro. Dean O. B. Huff of the graduate school said the application of At lanta music teacher Mary Fran ces Early is getting routine pro cessing.. Saved Money MOXTLIGNOV. France 'API Suzanne Papaut worked long hours in the little inn she ran and lived frugally for years on only bread and milk. Villagers felt sorry (or her. When she died recently at the ace of 73. villagers found she owned several estates and had hoarded gold coins worth more than $;on.oon. u,.i.r m Jrfwi i G-E's newest ' '-Trr' Irish Special 219.95 fiSfeFSKgy g J f - 1 4 tM V I ' lhsapti toM WeSSSBMimir' 1 "celebrity" . r4' vi; & 1 lwPM:;Ji portable TV 4 . Ji-' : : Only U M J j ' J -F " iT 4 V ' USED MAYTAG I C(l W' I ' I 1 JbJ " 7W j '! X 0- the Irish!" "'" 80 j ' . I rr"T-2 o-"ush button tTT' USED HOFFMAN '"'S?ESfNTSE I :r-.J!s 30" RANGE v AU f i. ,11 17" Table Model TV TA,tw Regular : -MM ! fPWili CONSOLE TV f:0'Floe Special- MI I'.'JIi $50 - Nov 1 35 I :i mjrt'j-L dP II For Irish "Lovers Of Music" f K -A j n ' 1 Ms 11 "THE WESTP0RT" stereo y I PE': f Ps. NEW! I PXX, air I ' 'I X. ' I Used 6 cu. Ft. 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