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 3
As to whether or not we will have a system for production agriculture that will
allow us to receive credit under any shape , forms or fashion in this modern ,
international marketplace . So , this is what the subject , the beginning today . I
commend ...
As to whether or not we will have a system for production agriculture that will
allow us to receive credit under any shape , forms or fashion in this modern ,
international marketplace . So , this is what the subject , the beginning today . I
commend ...
Page 4
... period of time for those to be received . Those could be either submitted
directly to my office or they could be submitted directly to the Agriculture
Committee . This is an official committee hearing . It will be one in which
testimony is taken and ...
... period of time for those to be received . Those could be either submitted
directly to my office or they could be submitted directly to the Agriculture
Committee . This is an official committee hearing . It will be one in which
testimony is taken and ...
Page 5
However , the administration and Secretary also believe that the 1996 farm bill
went too far in several places in establishing a lifetime exclusion for borrowers
who have received debt forgiveness , and we will be submitting legislation to
correct ...
However , the administration and Secretary also believe that the 1996 farm bill
went too far in several places in establishing a lifetime exclusion for borrowers
who have received debt forgiveness , and we will be submitting legislation to
correct ...
Page 7
There are approximately 12 , 000 active farm loan borrowers who have received
debt forgiveness to date . ... Anyone who has ever received a write - off or a debt
settlement is barred from ever receiving any further FSA assistance , direct or ...
There are approximately 12 , 000 active farm loan borrowers who have received
debt forgiveness to date . ... Anyone who has ever received a write - off or a debt
settlement is barred from ever receiving any further FSA assistance , direct or ...
Page 8
It ' s important to note that a borrower only uses a year of eligibility if a direct or
guaranteed loan is received . If he didn ' t get any loan that year , then he doesn ' t
have to count that as a year of eligibility . Merely having a loan outstanding does
...
It ' s important to note that a borrower only uses a year of eligibility if a direct or
guaranteed loan is received . If he didn ' t get any loan that year , then he doesn ' t
have to count that as a year of eligibility . Merely having a loan outstanding does
...
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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