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
The delinquency rate was reduced from 23 percent of total direct loan borrowers
to 18 percent . This was accomplished simultaneously with the largest
reorganization USDA has ever seen . So , you can see that we did have some
improved ...
The delinquency rate was reduced from 23 percent of total direct loan borrowers
to 18 percent . This was accomplished simultaneously with the largest
reorganization USDA has ever seen . So , you can see that we did have some
improved ...
Page 6
We ' ve asked each FSA State Director in every State to develop a delinquency
reduction plan , some of which are very ... They have goals that they have to meet
in the next year in reducing the amount of outstanding delinquent dollars .
We ' ve asked each FSA State Director in every State to develop a delinquency
reduction plan , some of which are very ... They have goals that they have to meet
in the next year in reducing the amount of outstanding delinquent dollars .
Page 13
Also , the total dollar amount — and I can tell you that we ' re shooting for in
Texas to reduce our delinquency amounts by $ 100 million in 1997 . We certainly
had too many . Exhibit 8 - 1 will tell about the processing time , and also 9 – 1 and
10 ...
Also , the total dollar amount — and I can tell you that we ' re shooting for in
Texas to reduce our delinquency amounts by $ 100 million in 1997 . We certainly
had too many . Exhibit 8 - 1 will tell about the processing time , and also 9 – 1 and
10 ...
Page 14
Our third goal is to continue our reduction of our delinquent direct accounts . As I
said , our goal this year is to reduce it by $ 100 million . I might add that I think
already , we ' ve already reduced it by $ 40 million . Our fourth and possibly most
...
Our third goal is to continue our reduction of our delinquent direct accounts . As I
said , our goal this year is to reduce it by $ 100 million . I might add that I think
already , we ' ve already reduced it by $ 40 million . Our fourth and possibly most
...
Page 15
If you have a tremendous reduction in the value of those then , of course , you
have greatly skewed those . So , there were huge implications by not doing a
write - down provision . That was done at a time and it followed the rules . A
farmer ...
If you have a tremendous reduction in the value of those then , of course , you
have greatly skewed those . So , there were huge implications by not doing a
write - down provision . That was done at a time and it followed the rules . A
farmer ...
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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 |