Kankakee Valley Post, Volume 11, Number 3, DeMotte, Jasper County, 5 December 1940 — FSA TENANT PURCHASE PROGRAM PROVIDES LOANS [ARTICLE]

FSA TENANT PURCHASE PROGRAM PROVIDES LOANS

Approximately 15 applications have been received so far this year in Indiana for every loan possible with available funds under the Farm Security Administration’s Tenant Purchase program. This was announced today by Ralph A. Warring, Jasper County FSA Supervisor, following word received from the state office at Lafayette. He pointed out that sufficient money had been allocated to the state this year for an estimated 100 loans in the 26 eligible counties. Up to the time the county committees began consideration of applications, a total of 1626 had been received. “Applications will be accepted throughout the year,” Mr. Warring explained. “However, those received after the committees began consideration probably will not be investigated until next year.” The. Tenant Purchase program provides for 40-year, three per cent loans to a limited number of farm tenants and laborers for the purchase of family-sized farms. Operation of the program each year is confined to counties designated by the Secretary of Agriculture These are designated on the basis of farm population, prevalence of tenancy, and geographical distribution. This is the fourth year the program has operated in Indiana. Four counties w'ere designated the first year, six the second, nine the third, and seven this year. Since the program first started, 3780 applications have been received in the state. Including estimated loans for this year, a total of 260 applications have been, or will be approved for loans. Jasper County has been in the program one and one-half years. During that time, a total of 163 applications have been received. That number, Mr. Warring said, includes 39 received this year. During the past year, seven loans were made. Added to that is an estimate of four loans to be made this year. “That means that, altogether, there are about 14 applications for every available loan in this county,” he said