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The clipping this text was read from
The clipping this text was read from

the previous five years —either the farmer’s or the county average. Loans are made for up to seven years at three per cent interest.

Mrs. Yancy emphasized that applicants for FmHA loans don’t actually have to be turned down by a commercial lending institution before they become eligible for assistance. All that is needed, she explained, is a letter from the farmer’s normal credit source.

She reported that a number of applications had been

81.7%