Forestry Loan May Be

Forestry Loan May Be

Answer To Problem

Where can I borrow money to buy or improve'woodlands? That’S an oft-asked question, says W. A. McElfresh of the forestry department at Virginia Polytechnic Institute..He points to several sources of forestry loans, both large and small. The loans are made, not only for forest land, but on land for forest industry or for forestry, equipment. The interest rates run from 5% to 7 percent, which is close to the interest charges made on most term loans. McElfresh says the first place to check about a forestry loap is with your local bank. If the bank cannot make a loan, it may recommend a person or organization that handles such loans. Large loans may be handled by insurance companies, mortgage companies, or loan associations.

Another place to look for a loan is through the Farmer’s Home Administration. F H A loans may be used to buy land, plant trees, build fences, control forest pests, etc. These 3 percent loans are carried for a long as 40 years, except machinery loans which are made for 7 years only because of mechanical depreciation. In some cases payment on the loan can wait as long as 15 years before the first payment is made. This gives time for the land to become productive and help pay its own way.

Some type of security is needed to back your loan. It may be a property mortgage, farm mortgage, or other suitable collateral. If you want a FHA forestry loan you must present an inventory forest management plan prepared by a competent forester. The plans should show what is now in the forest, what management is planned for the future, and what products can be produecd.

Addition information about forestry loans is available from the Department of Forestry and Wildlife, VPI, Blacksburg.

Now Is Time

To Plant Bulbs

You can’t have an everchanging succession of flower blooms from bulbs next spring if you don’t do something about it now.

R. W. Gray of the department ‘'fef horticulture at Virginia Polytechnic Institute, says ntfta; is the time to plant bulbs for next spring’s enjoyment. To get the best results, use good healthy bulbs of flowering size. Choose a good planting spot. The soil should be well drained to prevent rot.

Don’t skimp on soil preparation. Add soil conditioners of peat and sand if needed. Plant bulbs where they will get sun in the early spring. Remove seed heads after bulbs flower. Fertilize with x/2 pound per 100 square feet with a nitrogen fertilizer after leaves appear.

Some of the more popular bulbs for spring include daffodils, tulips, hyacinths, crocus* iris, snow drops and scillas. Daffodils are among the most adaptable bulbs because they demand little care, are dependable and hardy, and bloom year after year. They can be selected for blooming dates, so you can enjoy them for about six weeks each spring.

Few flowers offer as much opportunity in color harmonies as do tulips. Watch where you plant them. They are not usually effective when planted in one thin line, nor do they gjye a good effect when scattered singly in a border. Five to 25 bulbs of the same variety make effective groups. Tulips combined with daffodils and grape j hyacinths make attractive combinations.

Hyacinths lack the charm and

the office of the Chfmber of

Commerce.