Reagan vetoes farm credit relief amid debt fears
President Reagan vetoed a farm credit relief package tied to an African famine aid measure calling it a massive new bailout that would enlarge the deficit. House leaders pressed for a vote, while Senate and farm state Republicans signaled relief efforts may still move forward. Dems staged a symbolic bill-signing and a farm lobby march to the White House as political stakes rose.
MENTIONED IN THIS ARTICLE
Reagan
Senate
House
Robert Dole
Minnesota Governor Signs 25 Million Farm Aid Bill
Governor Rudy Perpich signed a 25 million farm aid measure hailed as a landmark state effort to ease farm finances this year. The package funds 15.8 million in low interest operating loans and 9.2 million to refinance debt, with interest subsidies shared by state and lenders. Supporters say up to 8,000 farmers could benefit. loan limits reach 75 000 and up to 100 000 with debt guarantees. The plan relies on federal action for a full solution while critics warn it boomerangs to banks and may overlook true farmer need.
MENTIONED IN THIS ARTICLE
Minnesota
Rudy Perpich
U.S. Farmers Home Administration
Neis
House Agriculture Committee
United States
Reagan
Also Mentioned on This Page
Washington
Congress
Mr. Reagan
Geneva
Jim
Wright
Texas
Dole
Capitol
White House
Tom Daschle
D-S.d
Edward Madigan of
Illi
Gov. Perpich
Minnesota House
Democratic-Farmer- Labor
State Senate
Sail
Brn Laan
Airyland Saar
Mar
John Deere Kettle Grill
John Deere
Sunrano Seals
P.S
John Deere G
Idea
Kverneland
Brady
Becter
N.holland
Fox
Ford
Haybine
Ak. Oontien
New Holland
Meyers
J.D
Mae
P.t.co
Dairyland Implement CO
Sheldon
Wisconsin
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!