European Stars And Stripes (Newspaper) - September 21, 1945, Darmstadt, Hesse                                Yank continues its question and answer series on the of Biff with a Sec Tion on what the Biff offers veterans who want to go Back to the by Max Novack yank staff writer the the other sections of the i Bill of the far loan provisions have brought a number of questions from yank Here Are some of the most frequently asked ques plus the pages in this series dealt with problems raised by the educational benefits and the Busi Ness loan provisions of the Bill of future pages will cover housing Loans and ment i was stationed in Canada for More than six months before shipping Over Here to i liked Canada and am thinking of the possibility of buying a Canadian farm tract and building a Home on it so i can have both a farm and a could i get a loan for this purpose under the i Bill while the Law does permit you to Combine your Home and farm on the one tract of you will not get a loan guarantee if you wish to set up your Home or buy a farm in a foreign no loan under the i Bill of rights will be approved if it is for a Home or farm outside the United its territories or How soon after i am discharged do i have to apply for my farm loan in order to make sure that i will not lose out on my right to this Benefit of the i Bill of rights you will probably have lots of time to look around for a sound investment after you get out of under the i Bill of a Veteran must apply for such Bene fits within two years after he is discharged or two years after the officially declared termination of the which Ever is it might be Well for you to remember that the was not officially out of the first world War until legislation is now pending to extend the two year period to six i already own a and when i get out of service i would like to modernize and improve my for i would like to buy some modern machinery and add to my livestock and generally repair the buildings on my farm to make up for the neglect from which they have suffered during the four years i have been in can i count on getting a loan guar Antee for such purposes you so Long As the Price you Are going to pay for the livestock and equipment does not exceed the reasonable Normal value As determined by you can expect the approval of the veterans administration for your guarantees will be granted if the funds Are to be used to Purchase machinery or or in altering or improving any buildings or equipment to be used in farming operations conducted by a will the veterans administration loan me the Cash with which to buy a farm or do i have to be Able to go out and get the Cash from a Bank before i can go to the veterans administration for their Okay on my farm loan the veterans administration does not loan any the Money must be borrowed from an outside for you May borrow your Money from a a Money lending Agency or an individual who is capable of servicing your All that the veterans administration will do for you is guarantee 50 percent of your loan up to does a Veteran have to pay a brokerage fee in order to get a farm loan guarantee under the i Bill of rights brokerage or similar charges May not legally be assessed against a Veteran for getting him a loan what is the maximum rate of interest which May be charged and who pays the interest on a farm loan the maximum interest is four percent a most of the interest has to be paid by the during the first year of a loan the veterans administration pays the interest on that part of the loan which it if you get a the a will pay the interest on or during the first year of the you will have to pay the other for that year and All the interest on the balance of the loan for As Long after As i am an aviation Cadet and i have been Reading about the farm and now i am wondering if it will pay me to be commissioned will i lose out on the loan provisions of the i Bill of rights by becoming an officer you will you will Hove the same right to the benefits of the i Bill of rights that any other Veteran both former enlisted men and officers Are entitled to these benefits so Long As they have had at least Days service and been discharged with something better than a dishonourable when i am discharged i plan to go to an Agri cultural College and learn something about farm before i entered the service i worked on a farm for Only a few and i feel i will need the additional training before i can a farm of my will the government permit me to go to school for a couple of years then help me with a farm loan under the i Bill of rights a Veteran May take advantage of two or More Bene fits of the you will be permitted both to attend school under the educational provisions of the i Bill of rights and apply for a farm by attending an agricultural school you will be Able to get enough knowledge of farming to meet the veterans administrations Rule that the Veteran must have some farming experience to qualify for a veterans administration regulations state that agricultural courses in schools of recognized standing will be considered in deciding whether a Veteran has sufficient knowledge about farming to make when i get my discharge i am planning on buying a farm with a Friend of mine who has not been in the Way we figure it is it certainly will take quite a bit of hard work to get a farm and the two of us should be Able to Supply enough manpower to overcome the difficulties of getting farm will the fact that As a want to team up with a no Veteran Hurt my chances of getting a loan guarantee it will the guarantee in such a Case would apply Only to your loan and could not exceed 50 percent of your under no circumstances could such a loan cover any part of the interest of a we have had so Many Bull sessions on the i Bill of rights that i am convinced that none of us know what we Are talking about any for some of the boys insist that a vet eran can get a farm loan Only if he picks a farm of a certain the Way they put it is unless the farm is under 10 a vet cannot get a loan Are they right they Are there is no limit o the size of the farm which a Veteran can since a farm loan is to some extent based on anticipated the prop erty would normally Hove to be Large enough to produce a when i got out of the army i took a Job in a local i have been saving my Money and now i would like to put the Money into a farm with the help of a loan under the i Bill of i dont want to give up my Job in the garage and i would like to get a tenant Farmer and put him on the i figure i could drop out to the farm a couple of times a month and see How things were if i do will i be Able to swing the loan you Wil the form must be personally directed and operated by you if you want the benefits of the i Bill of you can hire All the help you you dont have to live on the you must be in a position to supervise the farming i already own a farm and when i get out i plan to put it Back into can i get a loan under the i Bill of rights to be used to pay my operating expenses on the farm until my first crop comes in the Law limits the purposes for which funds May be used under a such funds May not be used for working or operating a Veteran who operates a farm is treated As a person in business for himself and May in the form of unemployment the difference Between what he earns from the farm and a month up to a maximum of 52 the unemployment compensation should help you keep your farm in operation until your first crop comes i am planning on buying a truck farm with the Aid of a i Bill of rights the location of my farm would be such As to make it easy for me to deliver my vegetables to local markets i to do that i will need a would part of the loan Money be okayed to buy a car but Only if the automobile is necessary and is actually to be used in the conduct of your farming opera where do regular army men stand so far As farm Loans Are concerned will i have to leave the service in order to be Able to take advantage of the loan provisions of the i Bill of rights you while both regulars and selectee Are entitled to these a Man has to be a Veteran before he becomes eligible for the provisions of the a mfg 5