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News in Frederick, Maryland

07 Feb 1985

Page 7

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News February 7, 1985 Page 7 old newspaper archives

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Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Feb 07, 1985

Page

7

Local farmers face mixed outlook amid farm debt squeeze

Frederick County farmers and lenders say the region remains insulated from nationwide farm debt pressures yet see a gloomy multi year outlook. They critique the Reagan administration plan to write off bad loans with guarantees and question Stockman's stance. Dairy overproduction and high support prices are cited as factors, with calls for gradual price reductions and consideration of program interactions in the 1985 farm bill.

MENTIONED IN THIS ARTICLE

Frederick County David Stockman Farmers Home Administration Farm Credit Association of Frederick Frederick County National Bank Terry Schultz Frederick Fmha Stockman Congress Crum Steve Kerr House Agriculture Committee Brunswick Kerr Reagan Federal Commodity Credit Corporation CCC Wto
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Farm credit plan draws mixed praise from governors and bankers

Iowa Governor Branstad hailed assurances of more federal aid from Agriculture Secretary Block as part of a plan offering at least 650 million in farm loan guarantees and loan-write down options to ease payments. Critics called it inadequate, saying cash-flow tests remain too high and more relief is needed while states consider their own funding to aid distressed farmers.

MENTIONED IN THIS ARTICLE

Des Moines Iowa Terry Branstad Agriculture John Block Washington Thomas Olson Lisco State Bank Nebraska Independent Bankers Association Committee On Farm Banks Block Don Hopwood Petersburg Ilinois Bankers Association Agriculture Credit Committee Hopwood First National Bank of Don Avenson Midwest Leo Wagner Iowa Farm Bureau Tom Harkin Iana Branstad Wes Ehrecke Iowa Bankers Association Cooper Evans Tom Daschle S.D Avenson
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Also Mentioned on This Page

Don Rough Frederick Production Credit Association John R. Block Clyde C. Crum Capitol Milk Producers Farm Credit Nevin S. Baker FCNB Rough Operi Lnee En the News Midwest Coal Friendly Calvary Aers Gee Age Aoa Brian Gillispie Pennsylvania Pennsylvania House West Main Street Middletown Maryland OTM Tongem I Tavastercol Orl FBI The Parsons Co North Market St
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