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 7
There was a provision in the law that all borrowers would receive at least 3 more
years of eligibility under a transition rule . At this time , computer system
limitations because of reorganization prevent a determination of the number of
borrowers ...
There was a provision in the law that all borrowers would receive at least 3 more
years of eligibility under a transition rule . At this time , computer system
limitations because of reorganization prevent a determination of the number of
borrowers ...
Page 12
... and how the farm bill affected our producers and what - have - you , it seems
like there was an arbitrary cold rule there made that ' s going to disallow some
folks from borrowing money with no reflection on are they in a current situation ?
... and how the farm bill affected our producers and what - have - you , it seems
like there was an arbitrary cold rule there made that ' s going to disallow some
folks from borrowing money with no reflection on are they in a current situation ?
Page 15
That was done at a time and it followed the rules . A farmer who followed the
rules at the time should not now be penalized for following the rules at the time .
That was a real concern that I had . Now , I must say also , we think we have to be
...
That was done at a time and it followed the rules . A farmer who followed the
rules at the time should not now be penalized for following the rules at the time .
That was a real concern that I had . Now , I must say also , we think we have to be
...
Page 21
Since everybody is being paid by the same taxpayer , everybody ' s working
under the same rules , everybody ' s salary , everything is the same , we ought to
just eliminate that . It was ridiculous to me that it was ever an issue to start with ,
but it ...
Since everybody is being paid by the same taxpayer , everybody ' s working
under the same rules , everybody ' s salary , everything is the same , we ought to
just eliminate that . It was ridiculous to me that it was ever an issue to start with ,
but it ...
Page 27
Since everybody is being paid by the same taxpayer , everybody ' s working
under the same rules , everybody ' s salary , everything is the same , we ought to
just eliminate that . It was ridiculous to me that it was ever an issue to start with ,
but it ...
Since everybody is being paid by the same taxpayer , everybody ' s working
under the same rules , everybody ' s salary , everything is the same , we ought to
just eliminate that . It was ridiculous to me that it was ever an issue to start with ,
but it ...
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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