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.U.S. Government Printing Office, 1997 - 164 pages |
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Page 7
... FmHA too . After 21 years , it's kind of hard for me to call myself something else . Limitations on direct operating loans : This was a revision to the original “ graduation requirement " contained in the Agricultural Credit Improvement ...
... FmHA too . After 21 years , it's kind of hard for me to call myself something else . Limitations on direct operating loans : This was a revision to the original “ graduation requirement " contained in the Agricultural Credit Improvement ...
Page 10
... FmHA and for the legacy ASCS , if you will - those employees to be involved in the agriculture credit . Because we felt like the only way that we were going to be able to make it more efficient , more timely , and give better service ...
... FmHA and for the legacy ASCS , if you will - those employees to be involved in the agriculture credit . Because we felt like the only way that we were going to be able to make it more efficient , more timely , and give better service ...
Page 14
... FmHA were probably greater than any of us had anticipated . We certainly struggled with it . But again , I'd point out the patience and the support that we've had from our customers . And I'd also like to say a big thank you to our ...
... FmHA were probably greater than any of us had anticipated . We certainly struggled with it . But again , I'd point out the patience and the support that we've had from our customers . And I'd also like to say a big thank you to our ...
Page 23
... FmHA . In actuality , there were less than 170 , I believe . We have about 50 vacancies . Now , I'll say this . Washington helped expedite that where we could fill some of those vacancies , but expediting is relative . It still took us ...
... FmHA . In actuality , there were less than 170 , I believe . We have about 50 vacancies . Now , I'll say this . Washington helped expedite that where we could fill some of those vacancies , but expediting is relative . It still took us ...
Page 24
... FmHA folks told us that it had been years since they had received training . I think training and education , it doesn't matter what field it is , that's an investment . And I think it's one that's really going to pay off for us . But ...
... FmHA folks told us that it had been years since they had received training . I think training and education , it doesn't matter what field it is , that's an investment . And I think it's one that's really going to pay off for us . But ...
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Common terms and phrases
1996 Farm Bill Agricultural Credit amount approval bankers BENNETT Bill Harmon Bob Bennett certainly Certified Lender Program Chairman Charlie Stenholm CONGRES CONGRESS THE LIBRARY Congressman COOKSIE county office county supervisor customers delinquent borrowers direct borrowers direct loans dollars eligibility farm credit Farm Credit System farm loan programs Farm Service Agency farmers and ranchers FASTRAK FBM program February 21 Federal FirstBank Southwest FmHA FSA Guaranteed FSA office FSA's going GRES GRESS guaranteed lending Guaranteed Loan Program guaranteed program Harold Bob hearing Hockley County improve LARRY COMBEST Levelland LIBRA LIBRARY OF CONGRESS loan officer loan portfolio look loss claim Lubbock MAULDIN million number of borrowers P.O. Box packaging paperwork payment percent PHILLIPS problems producers RARY received debt forgiveness RESS rules small business Spearman statement STENHOLM talking testimony Thank there's things THORNBERRY USDA
Popular passages
Page 39 - You come to us and tell us that the great cities are in favor of the gold standard; we reply that the great cities rest upon our broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic; but destroy our farms and the grass will grow in the streets of every city in the country.
Page 147 - In addition, there was less risk of losses associated with guaranteed loans than there was with direct loans. Specifically: • As of September 30, 1996, $3.6 billion, or about 34 percent of the total outstanding principal on direct loans ($10.5 billion), was owed by delinquent borrowers. This level of delinquency is an improvement from the $4.6 billion owed by delinquent borrowers, or about 41 percent of the total outstanding principal ($11.4 billion), at the end of fiscal year 1995. • Much of...
Page 33 - So, I think we have to look at that. I think we have to be very careful that we don't bankrupt these borrowers, and that we work with the banks that they are working with.
Page 96 - Congressmen of the committee, thank you for taking time from your busy schedule to meet us today.
Page 147 - VI of the Federal Agriculture Improvement and Reform (FAIR) Act of 1996 (PL 104-127, Apr. 4, 1996) made fundamental changes to the programs' loan-making, loan-servicing, and property management policies.
Page 34 - I tell you I've never seen that dossier in my life." "Fine, Mr. Rosen, if that's the way you want to play it. I'm afraid that, in that case, we're going to be spending a lot of time together in the next days and weeks. Would you like that?
Page 67 - Director has been required to develop a delinquency reduction plan, and has been given ambitious goals to meet in reducing the amount of delinquent dollars outstanding. We believe that the firm, fair, and empathetic approach being employed to address delinquencies will improve borrower success and reduce loan delinquencies and losses.
Page 162 - I trust that you will feel free to contact me if you have any questions or would like to discuss any of the above mentioned information.
Page 74 - We look forward to working with you to achieve the objectives of the loan programs and provide the assistance and service that family farmers so richly deserve.
Page 148 - ... Congress because the changes in title VI of the FAIR Act substantially addressed the problems that we have reported on in the past. While it is too early to gauge the impact of these legislative changes on the financial condition of the portfolio, we believe that, if properly implemented, they will go a long way to reducing the risk associated with the farm loan programs and to improving their operations. OTHER INFORMATION The Senate Committee on Agriculture, Nutrition, and Forestry and the House...