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Emergency Credit
Extended Northern
Virginia Farmers
Farmers in Northern Virginia Counties who have suffered property damage or livestock, poultry and crop losses from The Heavy March Snowstorm may apply for emergency credit assistance from the Farmers Home Administration, according to Stuart H. Barrell, the Agency’s local county supervisor.
Principal damage to farmers in Northern Virginia from the heavy snow storm includes loss of milk because of power failure and some damaged buildings.
Loans may be made to established farmers who suffered a production los sand are unable to obtain needed credit from local sources. These loans bear three percent interest and may be used by farmers to finance the purchase of grain and hay for livestock; fuel and other items needed to resume normal farming operations; replacement of livestock, poultry, equipment and buildings lost; and rehabilitation of flooded and silted fields.
Loans for production purposes are expected to be repaid from crops and livestock as sold, but loans for real estate and buildings may be extended over periods up to 20 years.
Further information on these loans may be obtained at the county office of the Farmers Home Administration located at 505 N. Main Street, Culpeper, Virginia.
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