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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 10, 1985
Page
7
The Agriculture Department says prices may stay low through the year, failing to ease the financial crunch on thousands of farmers. Some livestock producers report brighter times, but the ERS notes little hope for a near relief unless major weather problems curb production.
Washington AP The Federal Reserve Board liberalizes its loan requirements for agricultural banks to aid spring planting. The move complements Reagan administration programs while officials caution on liquidity. About 600 banks used the program last year and 4 146 of U S banks are agricultural banks. The administration aims to provide about 4.5 billion in farm credit this year.
About 200 members of the re established Populist Party met in Chicago to attack President Reagan's farm assistance veto. The gathering marked the party's revival based on late 19th century tenets. Separately in Chicago, Rev. Jesse Jackson linked hunger and farm credit worries at an Operation PUSH gathering.
Vice President Bush to announce Mali as the first recipient of a U S program offering free market style farm financing. Officials say the plan aims to end government controls and boost crop yields in drought affected countries. Bush will disclose the selection at a Bamako news conference during a seven day Africa trip.
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