C22—Lancaster Farming, Saturday, November 8,1980
WASHINGTON, D.C. -
Secretary of Agriculture Bob
Bergland announced this
week that more than 1000
temporary employees have
been hired by the Farmers
Home Administration to help
process applications for
disaster assistance and
adequately service existing
loans by farmers.
“New estimates by
Farmers Home Ad
ministration and the
Agricultural Stabilization
ami Conservation Service
indicate that farmers will
need over >6 billion in
federal emergency credit
and other assistance from
the department in fiscal year
1961,” Bergland said. “The
greatest need will be in
FmHA, where these tem
porary employees will
work.”
“An estimated |5.1 billion
in credit will be provided by
FmHA to help producers
who have major crop and
livestock losses from
drought and other disasters
this year.
“Payments to fanners
from ASCS programs will be
an estimated |1 billion in FY
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Part-timers to help FmHA process loans
1961, up from $270 million in
1980, largely because of
reduced crop yields and a
shortage of livestock feed
supplies in many areas,”
Bergland said.
As of this week, FmHA has
hired and trained more than
1000 of the 1228 new em
ployees who will work
temporarily at county of
fices with large numbers of
loan applications.
In fiscal 1980, FmHA made
more than 53,000 emergency
disaster leans for a total of
over |2 billion, most because
of the drought and hot
weather.
“Because crops are still
being harvested, the actual
losses by fanners cannot be
determined,” Bergland said,
therefore the full extent of
emergency financial
assistance will not be known
for some time. This is true
for many farmers in the
South and Southwest who are
still trying to salvage hard
hit crops of peanuts, com,
soybeans, grain sorghum
and cotton.
“We will find a way to
provide adequate farm
credit to meet fanners’
needs,” Bergland said. Our
policy is that if a farm en
terprise has a chance of
making it, we’ll stay with the
farmer.”
The ASCS emergency feed
aid program paid out $23.4
million to US livestock
producers during fiscal 1980
to buy 1.25 billion pounds of
feed (equal to 22.3 million
bushels of com). During
fiscal 1961, an estimated $250
to $3OO million will be
distributed to farmers under
this program. Low-yield
disaster payments, which
totalled $219 million in fiscal
1900, are expected to reach
an estimated $720 million in
fiscal $961 because of this
year’s reduced crops.
Eligible farmers unable to
obtain credit elsewhere are
usually eligible for Fanners
Home Administration
emergency loss loans at 5
percent interest. These loans
are to be used to cover actual
disaster losses. Farmers
who are able to obtain credit
elsewhere are eligible for a
loan rate comparable to the
cost of money to the federal
government, plus up to one
percent.
ickef and your corn
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Phone 717-933-4114
Emergency loans for other
than actual losses are
available only to producers
unable to obtain credit
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“At the same time,”
Bergland emphasized, “our
purpose is to supplement
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