Iowa Farm Loan Guarantee Plan Faces Committee Scrutiny
Iowa lawmakers study moving a $2 million loan guarantee fund from Social Services to Agriculture to aid about 60 young farm families. The subcommittee weighs how loans are backed, whether operating costs may be included, and how many acres or farms the fund could cover with a 90 percent guarantee and a 20 million loan ceiling.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
State Department of Social Services
House Agriculture Committee
Social Services
Robert Ray
Department of Agriculture
Agriculture
Robert Lounsberry
Minnesota
Subcommittee
Agriculture Committee
Subcommittee Studies Farm Loan Guarantee and Bond Options
The panel examined a tenfold increase in bed and board guarantees tied to ten loans, sufficient to back 57.5 farms of average size, net of 90 percent guaranteed loans. Lounsberry backs any aid, seeking a first step to spur bank lending to young farmers. A second idea would use bonding authority from the Iowa Housing Finance Authority for low interest farmland financing, though it requires more state resources. The subcommittee ordered further study with no final decision.
MENTIONED IN THIS ARTICLE
Wayne Bennett
Galva
Iowa Housing Finance Authority
Keokuk County Extension elects new officers
SIGOURNEY Rex Cha cey of Ollie was named chairman of the Keokuk County Extension Council. Other officers elected include Kevin Greiner Keota as vice chair, Ron Ward Sigourney as secretary, and Leland Grove Keswick as treasurer.
MENTIONED IN THIS ARTICLE
Sigourney
Rex Chacey
Ollie
Keokuk County
Dyersville
Loren Voelker
Ryan
Delaware County Dairy Herd Improvement Cooperative
Mike Gienapp
Hopkinton
Leon Vaske
Manchester
Eugene Werner
David Clemens
Phil Weigel
Earlville
Don Reth
Tractors Rally Toward Washington As AAM Plans March
Texas farmers with more than 500 tractors gathered at three Virginia camps near Washington to stage a diesel powered push on Congress and the Carter administration. They aim to disrupt traffic Monday while lobbying Capitol Hill for full farm bill implementation and higher price and loan supports.
MENTIONED IN THIS ARTICLE
Washington
Texas
Congress
Virginia
American Agriculture Movement
Gerald McCathern
AAM
McCathern
Capitol Hill
Auctions and sales listings for February events
Auction and sale schedule announced with multiple events on Saturdays and Tuesdays. Listings include machines, hogs, breeding stock, and miscellaneous items with locations described by directions and days. Notable historical note marks Fritz Kreisler’s birth on this date in 1875.
MENTIONED IN THIS ARTICLE
Fritz Kreisler
Cedar Rapids Chamber Seeks Honored Farm Family Noms
Family nominations are open for the Cedar Rapids Marion Area Chamber of Commerce Honored Farm Family Award. Nominations due February 23. honored at a March 19 recognition dinner at Stouffer's Five Seasons Hotel Cedar Rapids Iowa.
MENTIONED IN THIS ARTICLE
Cedar Rapids-Marion Area
Chamber of Commerce
Cedar Rapids
Stouffer's
Five Seasons Hotel
Agriculture Bureau of the Chamber of Commerce
Professional Park
Third St
Iowa
Linn County Soil Conservation District Meeting
The Linn County Soil Conservation District will meet Monday at 7 30 p m at the district office 990 50th St Marion.
MENTIONED IN THIS ARTICLE
Linn County Soil Conservation District
50Th St
Marion
Noe and Sons and West Grove Stock Yards Suspended
The USDA suspended John P. Noe owner of Joe Noe and Sons and West Grove Stockyards for violations of the Packers and Stockyards Act. Both businesses are out of operation. The 30 day suspension began Jan 11 and continues until he proves insolvency is resolved.
MENTIONED IN THIS ARTICLE
Chicago
U.S. Department of Agriculture
West Grove
Packers and Stockyards
Joe Noe and Sons
West Grove Stockyards
John P. Noe
Also Mentioned on This Page
Young Farmer
Ken Sullivan
Ment of Social Services
State
Agriculture Department
Lounsberry
Highway 13
Strawberry Point
Mexico
Science
American Association For the Advancement of Science
U.S
Scottsdale, Ariz
Farm and Industrial Equipment Institute
Monticello
Eugene H. Adams
Packers and Stockyards Act
Adams
Davenport
Christi Schnieter
Jones County
Cheryl Hall
D.C
E.G. Reed
West Texas
Mach
Russ Wright
van Horne
Raymond Taylor
Onslow
A.W. Martin and Sons
Fayette
Misc
Clarence Hansen
Areca
S. E
EPA
AMC
AMC i Concord
Duffy Schamberger Motors, Inc
Collins Road
New
Langhurst Motors, Inc
Seventh Ave
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