Farm Credit System aid moves forward with approval in sight
Grant T. Lucas argues Congress should accelerate Farm Credit System relief while noting its own reforms have improved efficiency and loan handling. He cites restructuring of 32,000 borrowings totaling 3.7 billion, cost cuts, and mergers as evidence of progress, yet warns that high debt and non earning assets threaten capital without federal help.
MENTIONED IN THIS ARTICLE
Grant T. Lucas
Ceres
Calif
Farm Credit System
Farm Credit Council Board of Directors
Farm Credit Corporation of America
Sacramento District
Credit System
Budget act trims farm price supports amid deficit cuts
Farmers face smaller corn and wheat target prices and a 22 cent per hundredweight milk assessment under the 1987 budget compromise. Deficit reductions under Gramm Rudman would have been harsher, sparking criticism from Rep. Gunderson and praise from Sen. Kasten for steering dairy policy away from larger price cuts. The debate emphasized the need for a stable national agriculture policy rather than frequent Farm Bill shifts.
MENTIONED IN THIS ARTICLE
Gramm-Rudman
Robert Kasten
R-Wis
Senate
Wisconsin
Gramm- Rudman
The Writer's Notebook 1987 Reflections by Jim Massey
Jim Massey reviews 1987 highlights in agriculture and state politics for The Country Today. He cites property taxes stray voltage dairy policy and diversification as recurring themes likely to shape 1988. He notes people he met at fairs and a pledge to continue weekly discussions with rural Wisconsin readers.
MENTIONED IN THIS ARTICLE
The
Country Today
Iowa
Wisconsin
Dim Massey
Madisonm
Crawford
Dane
Grant
Green
Lafayette
Richland
W. Division St
Dodgeville
Sharlene McGlynn
Richland County
Michael Porter
Fennimore
FFA
Grant County
Also Mentioned on This Page
FCS
By Grant T. Lucas
System Credit
Congress
Federal
Pieter F. Graaskamp
Thomas D. Lawin
Arnold J. Hoffman
Dad
Ron
Commodity Credit Corporation
House
Patrick Leahy
D-Vt
Senate Ag Committee
Steve Gunderson
Midwest
E. Kika de la Garza
Rep. de la Garza
Minneapolis
the Writer's Notebook
By Jim Massey
Dairy Task Force
America
Farm Press Roundup
Illinois
Agri-News
Illinois Agri-News
la Salle, Ill
Carol Brookings
World Perspectives, Inc
Minnesota
University of Minnesota
Phil Harein
Harein
the Land
Mankato, Minn
Parsons, Kansas
Oklahoma State University
Italy
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