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F.H.A. Offers Large
Supply of Credit
Virginia farmers will be able to tap the largest supply of supplemental credit in history this year through the Farmers Home Administration, State Director Richard A. Goodling announced today.
“We project that more than $8 million will be available to Virginia farmers in fiscal year 72, as a result of cooperative efforts between the Farmers Home Administration and commercial lenders,” he stated. The cooperative effort involves having the commercial credit source and Farmers Home Administration make simultaneous loans to a borrower, with the private lender having first claim on the security. “The farm ownership program is aimed to reach $4.3 million of government money, with private lenders participating at a level of
VILLAGE SHOP
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