Farmers Home loans may face 20 percent cut in 1980
Budget sources say the Farmers Home Administration FmHA could see a up to 20 percent reduction in loan and grant authorizations for the 1980 fiscal year starting October 1 The agency leads rural development programs including loans for low income farmers to buy and improve farms consolidate debts and purchase homes Total 1979 80 operations were about 11 1 billion in loans and grants and current year projections exceed 13 3 billion through 1979 80 estimates remain unofficial.
MENTIONED IN THIS ARTICLE
Washington
Farmers Home Administration
Fmha
Agriculture Department
FIHA
FmHA Budget Cuts Target Agricultural Credit and Emergency Loans
The Office of Management and Budget plan envisions a sharp drop in agricultural credit operations from about $5 billion in 1977-78 to $2.9 billion in 1979-80, with weather and farmer finances cited. The Agricultural Credit Act of 1978 and the emergency loan program face reductions as well, including drought disaster loans expected to fall to about $578 million this year and next.
MENTIONED IN THIS ARTICLE
Office of Management and Budget Planners
Fmha
Congress
Carter
FIHA
Iowa Markets Show Mixed Rises For Steers Sheep Fares
Hog prices slipped up to 1 while interior and Sioux City markets fell from 50 cents to 1 dollar. Omaha stayed steady to 50 cents lower and Peoria declined by one dollar. Cattle on feed data suggested tighter future cattle supplies supporting steer gains.
MENTIONED IN THIS ARTICLE
Iowa
Interior
Sioux City
Omaha
Peoria
Iowa Cuts 250000 From Federal Soil Funds
Iowa announces a 250000 reduction in federal soil conservation funding for the current year. The state will receive 7039000 in ACP cost-share funds with 782000 for long term practices and 391000 reserved. New maintenance checks will apply to ACP projects over ten years and lime application funding is removed. Farmers must certify permanent seeding for five years to qualify.
MENTIONED IN THIS ARTICLE
Iowa
Agricultural Stabilization and Conservation Service
USDA
Roy Fagan
ASCS
the Gazette
Traditional uses win funds requested for conservation
Grundy County Supervisors rejected a request to allocate 25 920 for the Soil Conservation District. The district asked 25 000 for 50 percent cost sharing for terracing and 920 for information and education programs. Trustees argued to keep Rural Assistance Funds for traditional township needs like cemeteries and maintenance.
MENTIONED IN THIS ARTICLE
Grundy Center
Grundy County Board of Supervisors
Soil Conservation District
Soil District
David Beck
The
Gazette
Board of Supervisors
District Farm Bureau Meetings Across Northeast Iowa
District Six Farm Bureau County Commodity and County Action Committees meet 10 a.m. to 3 p.m. at Montgomery Hall Iowa City. District One gathers 11:30 a.m. to 3:30 p.m. at Luigi's Oelwein. Area Iowa State University College of Agriculture needs session 9:30 to 11:30 a.m. at Farmers and Merchants Savings Bank Manchester. Northeast Iowa extension area staff 12:30 p.m. at Farmers and Merchants Savings Bank Manchester.
MENTIONED IN THIS ARTICLE
Iowa
Farm Bureau County Commodity and County Action Committees
Montgomery Hall
Iowa City
Farm Bureau County Commodity and
Luigi's
Oelwein
Iowa State University College of Agriculture
Farmers and Merchants Savings Bank
Manchester
Clayton County extension budget meeting and Cedar Rapids forum
In Clayton County the extension council budget committee meets at 1 30 p m at the Elkader extension office. In Linn County John Emmons All Iowa Fair manager speaks at 7 15 a m to the Cedar Rapids Agriculture Executives Forum at Sambo s Restaurant Cedar Rapids. Government offices close for Christmas on Dec 25 and Dec 26.
MENTIONED IN THIS ARTICLE
Clayton County
Extension Council
Elkader
U.S. Department of Agriculture
Linn County
John Emmons
Cedar Rapids Agriculture Executives Forum
Sambo’s
33Rd Ave
Also Mentioned on This Page
Associated Press
Office of
C.R. Kitchen
Optometrist
Federal Soil
Cedar Rapids Senior Citizen and Handicapped Bus Service
Lear
Closeu
Iowa- Illinois
Ideas and Information Center
Orig
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