Madison County GaArchives News.....ANNUAL PAID-OUT MEETING FOR NEGRO FARM OWNERS February 15, 1946
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Christine Crumley - Brown http://www.genrecords.net/emailregistry/vols/00013.html#0003050 January 15, 2006, 11:29 am

Danielsville Monitor February 15, 1946
 MADISON COUNTY AT ANNUAL PAID-OUT MEETING 
FOR NEGRO FARM OWNERS.

   Madison County will be represented by James Power, Negro borrower of the 
Farm Security Administration, as the first annual paid-out meeting for new 
Negro farm owners to be held in Fort Valley, on February 21st, Rex. B. Ivia, 
County Supervisor announced yesterday.
   The meeting will be held at the Fort Valley Normal and Industrial School.  
Approximately 22 paid-out borrowers are expected to attend.  A meeting for 
white paid-out borrowers was held in Atlanta during January.
   All of the paid-out borrowers purchased their farms under terms of the 
Bankhead-Jones Farm Tenant Act, through which loans are made by the FSA for 
the outright purchase of farms and improvements.  The borrowers have a maximum 
of 40 years for repayment of the loans at three per cent interest, but FSA 
encourages borrowers to make advance payments and to pay out at the earliest 
possible date.
   Following is a thumb nail sketch of the borrower who will attend from 
Madison County: 
      James Powers -- Sharecropped 10 years, standing rent 5 years, moved 3 
times, enrolled in Rehabilitation program in 1939.  Purchased farm in 1939, 
net worth then $743.00, final payment 11-1-45, net worth now $6,675.00.  Wife 
head of missionary work in Carlton negro church.  Canned  648 quarts this 
year.  Canned 50 quarts year before first loan.  Made 100 bushels sweet 
potatoes and sold 500 fryers this year, cured 900 lbs. meat.  Has 
3 good milk cows.  Has year around garden, carried out soil building program.  
Estimated monthly expenditures in normal channels of trade before enrollment 
in FSA, $15, present monthly buying power, $55.

Rex B. Ivia
County FSA Supervisor


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