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Exhibit 7-1

DELINQUENCY REDUCTION CONTINUED

RC 541 FCP Borr. TOTAL

Goal % DIC TEXAS 02/11797 50

1/96 20.0 45.2

2796 20.0 45.7 40

3/96 20.0 49.3

4/96 20.0 46.5 30

5/96 20.0 43.9

6/96 20.0 40.0 20

7/96 20.0 35.0

8/96 20.0 35.0 104

9/96 20.0 35.0

110/96 20.0 33.2 0

11796 20.0 32.8 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec dan_12/96 20.0 32.1

96 3 % Delinquency Goal

% Borrowers Delinquent

1/97 20.0 31.8

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Reduction in percent delinquent the last 12 months.

Exhibit 8-1

GUARANTEED LOAN TRACKING

FCP NON-ALP/NON-CLP APPLICATION TRACKING -- (ADAV)

TOTAL TEXAS
FEBRUARY 1997

Updated: 02/07/97

District # Comp # Comp # Comp # Comp%Comp
Appl Appl Appl Appl Appl

WO/Dsp Psb Fnl W/Dsp W/Dsp
< 31 Dsp < 31 <31

% Goal

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This report reflects we have processed 70.4% of guaranteed applications from non-certified (CLP), non-approved lenders (ALP) in thirty (30) days or less.

Exhibit 9-1

GUARANTEED LOAN, TRACKING CONTINUED

FARM CREDIT PROGRAMS GUAR
APPLICATION TRACKING MRS (ADAG)

TOTAL TEXAS

FEBRUARY 1997
Updated: 02/07/97
District # Comp # Comp # Comp # Comp%
Appl Appl Appl Appl Comp

WO/Dsp Psb Fnl W/Dsp Appl
< 15 Dsp < 15

W/Dsp
< 15

% Goal

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This report reflects we have processed 35.4% of applications from
ALP and CLP in fifteen (15) days or less.

This is not acceptable!

Exhibit 10-1

DIRECT LOAN TRACKING

FARM CREDIT PROGRAMS
DIRECT APPLICATION TRACKING - MRS (ADAI)

TOTAL TEXAS

FEBRUARY 1997
Updated: 02/07/97
District # Comp # Comp # Comp # Comp%Comp
Appl Appi Appl Appl Appl

WO/Dsp Psb Fnl W/Dsp W/Dsp
< 61 Dsp < 61 < 61

% Goal

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This report reflects 85.5% of direct applications are processed in sixty (60) days or less.

This is good!

39-584 97 - 4

Mr. Mike Mauldin

February 19, 1997

To Whom It May Concer,

We the undersigned are all actively engaged in farming in Lubbock County Texas. We would like to take this opportunity to address some of the problems we feel exist with the FSA Guaranteed Loan Program.

Some of the problems we feel exist are as follows:

1. We feel that the amount and redundancy of the paperwork involved with the application for FSA Guaranteed Loans is excessive. The same information is required in more than one place due to the nature of the forms. A prime example is the requirement for two identical financial statements in the packet. Some information that is required is essentially meaningless to the present day application of a particular farm. If a given farm has changed hands recently then the old production history of that farm may or may not have any real bearing on it's ability to generate a meaningful cash flow statement. Some information that is required is not under the control of the applicant (i.e. debt on collateral statements), therefore one form's failure to show up in the FSA's office in a timely manner has been known to delay an applicant's approval for weeks. This is not the only example. Lack of a recent Farm Plan billing statement has also delayed approval. It seems that sometimes one small piece of paper work is allowed to delay the approval process unnecessarily.

We feel that we are dealing with two lenders instead of one. It would simplify all this paperwork if FSA would accept the lender's certification that the information in the application is acceptable and complete enough for the lender to recommend prompt approval.

2. We feel the education requirements are for the most part unnecessary, too time consuminy and too expensive. Much of the curriculum has absolutely nothing to do with pertinent information that can help a borrower repay an FSA Guaranteed Loan. For example, the current "production school" deals wit suc! areas as environmental impact, elementary farm safety and time management. None of these directly affect cash flow and loan repayment ability. It has been our experience that when a production meeting has been offered, that truly gives information that addresses real day to day problems, attendance will happen whether it is required or not. Education that addresses pertinent local production practices can be beneficial. For example, last nionth a Peanut Production Seminar in the Idalou community was held. There was a large attendance. The person giving the seminar imparted very relevant information that was extremely useful in the real world of today's farming in the local conmunity. Education along these lines would be beneficial but it

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