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 2
... continue to face a great deal of scru- tiny , and I look forward to having an update on these programs , along with USDA's perspective on the impact of future statutory requirements on current borrowers . I think it will also be helpful ...
... continue to face a great deal of scru- tiny , and I look forward to having an update on these programs , along with USDA's perspective on the impact of future statutory requirements on current borrowers . I think it will also be helpful ...
Page 6
... continues to be a fiscally sound program , even here in Texas , with one of the lowest loss rates of any Federal loan guarantee program . Program losses in fiscal year 1996 nationwide was only $ 44.9 million . You asked about the ...
... continues to be a fiscally sound program , even here in Texas , with one of the lowest loss rates of any Federal loan guarantee program . Program losses in fiscal year 1996 nationwide was only $ 44.9 million . You asked about the ...
Page 8
... continue to work on that . Another big issue , of course , is training and in this sense , we're talking about training of our employees . As I read the testimonies through the package , one of the things that you hear continually is ...
... continue to work on that . Another big issue , of course , is training and in this sense , we're talking about training of our employees . As I read the testimonies through the package , one of the things that you hear continually is ...
Page 10
... continue to do that . I must say that we made a very conscious decision early - on last spring that we had to do some very serious and very intense train- ing for some employees , our employees , for legacy FmHA and for the legacy ASCS ...
... continue to do that . I must say that we made a very conscious decision early - on last spring that we had to do some very serious and very intense train- ing for some employees , our employees , for legacy FmHA and for the legacy ASCS ...
Page 13
... continue to work with them and train them . And we're going to continue to try to cooperate and encourage cooperation between all of our customers . Our second goal is to settle all guaranteed loan loss claims in a timely and current ...
... continue to work with them and train them . And we're going to continue to try to cooperate and encourage cooperation between all of our customers . Our second goal is to settle all guaranteed loan loss claims in a timely and current ...
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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...