Farm Bureau calls for end
PARK RIDGE, 11. The general farm organization end of the US. embargo of
lead of the nation’s largest has called for the immediate gram to the Soviet Union on
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to Russian grain embargo
the grounds that it is inef
fective and damaging both to
American agriculture and to
the nation’s economy.
Robert Delano, a Virginia
gram producer and
president of the three million
member-family American
Farm Bureau Federation,
accused Carter and ad
ministration officials, in
cluding Secretary of
Agriculture Bergland, of
failing to keep faith with
farmers in protecting them
as promised, against pnce
drops caused by the market
intervention.
Delano noted that
Bergland refused to exercise
his authority to declare a
paid land diversion to
remove cropland equivalent
to the 17 million metric tons
of embargoed gram sales.
He said that present
depressed prices are ex
pected to decline further this
fall when new crop gram is
added to the unsold
carryover stocks.
The farm leader reminded
Carter that Bergland
promised farmers: “If you
wait, we will make sure you
don’t take a loss.”
“We have waited for three
months. It is past the best
time for the adrmnstration to
act in keeping this promise,”
Delano said.
The Farm Bureau
president added that
“farmers are hardest hit
among citizens making
economic sacrifices at a
TO EM HERR
M SUPPLY
DIRECTION!
FARM I. HO)
F*«MtMOMr SUPPLY
IF WILLOW STREET
1 MILE SOUTH Ol
Lancaster Fanning, Saturday, April 5,1980—C39
time when soaring inflation
and near impossible credit
conditions have caused a
cash-flow crisis m rural
America.
“Prices for corn, wheat,
and soybeans have fallen m
the country and will remain
depressed as long as a large
tonnage of these com
modities is held by the
government.
“We gave reluctant
support to the boycott on the
basis of national security,”
Delano said, adding that
very little supportive
security action has oc-
Emergency farm loan
bill signed by President
WASHINGTON, D.C.
President Jimmy Carter has
signed into law legislation
authorizing up to $2 billion m
additional emergency farm
loans to financially strapped
farmers who might other
wise be forced out of
business due to sagging farm
prices, tight credit, and high
interest rates.
The 'President had earlier
threatened to veto the
legislation, which was
authored by U S.
Congressman Tom Harkm of
lowa. The bill extends the
Economic Emergency
Assistance loan program,
which was due to expire in
May, and authorized up to an
additional $2 billion in
emergency farm loans under
the program
Carter had earlier ob
lected to Harkin’s bill
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curred.
“These security measures
should have included the
severing of all business and
cultural contacts and ties
with the Soviet Union, other
than those diplomatic
contacts necessary to
resolve the current situation.
“This should include
cancellation of the contract
to televise the 1980 Summer
Olympic games; full
enlistment of allies in
backing expanded sanctions
and public rejection of the
Salt Two treaty,” Delano
concluded.
because it did not raise in
terest rates for loans under
the program to “prevailing
market rates.” Instead, it
continued the current “cost
of money to the government,
plus up to one per cent rate.”
Harkm argued Congress
should continue the “cost of
money” rate, which is
substantially below current
market rates, because
farmers are facing low
prices, tight money supplies,
and high interest rates, a
combination Harkm
described as “potentially
disastrous” for the farm
economy.
Congress voted to contmue
the current “cost of money”
rate, and sent the bill to the
President last week. The
President signed it into law
Sunday
ivery