Reagan program nudges sale of foreclosed farms to help family farmers
Washington AP report says the Reagan administration will urge the Farmers Home Administration to be cautious in selling repossessed farmland and prioritize buyers who intend to keep land in production. The move aims to calm a jittery land market as farmland prices have fallen. The policy follows pleas from governors and lawmakers. The Dec 30 1983 inventory shows 2,088 farm properties totaling 487,653 acres, up from 1,873 holdings and 417,566 acres on Sept 30, 1983.
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Governors urge Reagan to aid farmers amid high rates and losses
Governors Terry Branstad of Iowa Jed Schanden of Montana and Marten Olsen of North Dakota met President Reagan after a session with Agriculture Secretary Block urging federal help for farmers beset by high interest rates falling land values and extreme weather They pressed for a Farmers Home Administration policy to keep farm land off the market and stabilize prices and asked Reagan to pressure Congress to improve export programs The discussion touched on shifting funds to operating loans and not selling repossessed property as part of a broader effort to ease credit strains facing farmers across several states.
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Crop plantings rise after 83's sharp cuts
Washington AP reports farmers returned to fields with vigor boosting 1984 crop plantings after last year's government cuts. Corn plantings reach 794 million acres, up 37 percent from 602 million in 1983, with total major crop plantings at 334.7 million acres, up 11 percent from last year though below 1982's peak.
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Agriculture Department
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