Oversight of the Availability of Agricultural Credit: Hearing Before the Subcommittee on Forestry, Resource Conservation, and Research of the Committee on Agriculture, House of Representatives, One Hundred Fifth Congress, First Session, February 21, 1997, Lubbock, TX. |
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Page 5
We look forward to working with you and the committee to implement the new
provisions of the 1996 farm bill as well as fashioning an appropriate eligibility
standard for borrowers who have received debt forgiveness in the past . I would
like to ...
We look forward to working with you and the committee to implement the new
provisions of the 1996 farm bill as well as fashioning an appropriate eligibility
standard for borrowers who have received debt forgiveness in the past . I would
like to ...
Page 7
If you are a delinquent borrower , whether you ' re a guaranteed borrower or a
direct borrower , if you are delinquent you are no longer eligible for FSA loans .
As of December 31 , 1996 there were about 20 , 953 delinquent direct borrowers
.
If you are a delinquent borrower , whether you ' re a guaranteed borrower or a
direct borrower , if you are delinquent you are no longer eligible for FSA loans .
As of December 31 , 1996 there were about 20 , 953 delinquent direct borrowers
.
Page 8
Limitations on guaranteed loans : There was also a revision to provisions of the
Agricultural Credit Improvement Act of 1992 . A guaranteed loan borrower has 15
years of combined direct and guarantee loan eligibility . Any year in which a loan
...
Limitations on guaranteed loans : There was also a revision to provisions of the
Agricultural Credit Improvement Act of 1992 . A guaranteed loan borrower has 15
years of combined direct and guarantee loan eligibility . Any year in which a loan
...
Page 12
We believe this would represent approximately 70 percent of the lenders that
have loan volume and loss ratio to be considered eligible to participate . As far as
just Texas and our borrowers and how the farm bill has affected those , we
believe ...
We believe this would represent approximately 70 percent of the lenders that
have loan volume and loss ratio to be considered eligible to participate . As far as
just Texas and our borrowers and how the farm bill has affected those , we
believe ...
Page 13
ducer eligible , there was the Emergency Loan Program which I think that we
funded $ 17 million through . We certainly felt like with our credit folks in the field ,
it was certainly better to work with the producer , get the emergency loan so he ...
ducer eligible , there was the Emergency Loan Program which I think that we
funded $ 17 million through . We certainly felt like with our credit folks in the field ,
it was certainly better to work with the producer , get the emergency loan so he ...
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Common terms and phrases
additional affected Agency Agricultural Credit agriculture allow amount application approval asked assistance authority bank bankers believe BENNETT better borrowers certainly Certified Chairman changes closed COMBEST committee complete concerns continue COOKSIE customers debt forgiveness delinquent direct loans director district dollars eligibility employees Exhibit Farm Bill farm loan farmers Federal feel FmHA give goal going Government guaranteed loan hearing hope implemented important improve increase interest issues it's Lender Program lenders lending limit loan program look loss loss claims Lubbock meet million operating owed packaging past payment percent person portfolio probably problems producers question received record reduced rules statement STENHOLM Subcommittee talking Texas Thank things understand USDA we're
Bibliographic information
| Title | Oversight of the Availability of Agricultural Credit: Hearing Before the Subcommittee on Forestry, Resource Conservation, and Research of the Committee on Agriculture, House of Representatives, One Hundred Fifth Congress, First Session, February 21, 1997, Lubbock, TX. |
| Authors | United States. Congress. House. Committee on Agriculture. Subcommittee on Forestry, Resource Conservation, and Research, U. S. Congress, House Committee on Agriculture, Subcommittee on Forestry, Resource Conservation and Research Staff, United States |
| Edition | illustrated |
| Publisher | U.S. Government Printing Office, 1997 |
| ISBN | 0160543339, 9780160543333 |
| Length | 164 pages |
| Export Citation | BiBTeX EndNote RefMan |