Drought Program: Hearing Before the Committee on Agriculture, House of Representatives, Eighty-third Congress, Second Session. August 6, 1954

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U.S. Government Printing Office, 1954 - 46 pages

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Page 46 - July 14, 1953, authorized loans (which are made at 3 percent interest) in any disaster area declared by the President under Public Law 875 (42 USC 1855), if the Secretary finds that an economic disaster has also caused a need for agricultural credit that cannot be met temporarily by regularly established lending institutions, including the regular programs of the Farmers Home Administration.
Page 29 - I think if you will look into it you will find that there was a great deal of wool exported to the United States.
Page 46 - Secretary finds an economic disaster has also caused a need for agricultural credit that cannot be met for a temporary period from commercial banks, cooperative lending agencies, the Farmers' Home Administration under its regular loan programs, or other responsible sources.
Page 46 - Statutory authority is section 2 (b) of Public Law 38, as amended by Public Law 115, 83d Congress, 1st session. 3. Special livestock loans These loans may be made until July 14, 1955, to established producers and feeders of cattle, sheep, and goats, in any area of the United States. The disaster loan revolving fund is available for this purpose. The statutory authority is section 2 (c) of Public...
Page 46 - Loans are also made at 5 percent interest to bona fide fur farmers where necessary to protect the Government's interest in existing loans outstanding (62 Stat.

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