U.S. Senate approves 3-year
WASHINGTON, D.C. - The
Senate Committee on Agriculture,
Nutrition, and Forestry approved
last Wednesday a three-year ex
tension of the farm and rural credit
programs of the Fanners Home
Administration.
In the Committee approved bill,
farm operating loan levels would
be increased to |1.6 billion for
fiscal years 1983,1964, and 1965. In
addition, the Committee agreed to
continue the FroHA limited
resource borrowers program and
the Business and Industrial (B&I)
loan program at limited funding
levels.
The Committee legislation,
patterned after the Ad
ministration’s S. 2314, followed
FARMERS HOME ADMINISTRATION FUNDING LEVELS (In billions)
FYI9BI FY1982 Senate
Actual Authorized Dfooosed
848 1 37 1 6
813 825 775
Program
Operating loans
Ownership loans
Emergency Disas
ter
Business & In
dustnal 652
Water and waste 750
Community facility 260
Don Bare milk s 60 registered Hols terns at Double
Springs Farm m luim aster ami « arms each one unh
TB7 before she freshens
"High producers need worming as much, or
more than, average cows,” says Don Bare
"A cow that’s capable of doing 80 to 100
pounds a day after freshening is going to be
under an awful lot of stress. And •<" she’s
stressed by worms, too, there’s not much
chance she’ll give you that kind of
production
“We proved it on our milking line We
didn’t know what some of our cows could
really do until we began worming
with TBZ®bcfore they freshened."
“Amazing heifers..
“Our first-calf heifers were
coming in from 14,000 to
16.000 lb before we began
worming. Now many
TBZ PREFRESHENIN6 DAIRY WORMER
extensive hearings in the Sub
committee on Agricultural Credit
and Rural Electrification, chaired
by Senator Paula Hawkins (R-
Fla.).
Senator Jesse Helms, chairman
of the Committee, commended
Senator Hawkins for “completing
a very difficult task under severe
economic circumstances.” Helms
expressed concern about increased
funding m certain areas of the bill
and about the continuation of
FmHA programs, which do not
benefit farmers.
“In the area of farm operating
loans, the Committee action forged
by Senator Hawkins is important
to American farmers and ran
chers. However, I am concerned
5 112
such sums
300
375
130
TB/ (thiabendazole) i\ a registered
trademark of \fertk & Co fnt
extension on farm credit
such sums
400
300
130
Almost all cows
worms. That’s why
ling our 18,000 lb
withTßZ has proved
ly profitable...”
suis Donald Hare I jam aster. PA
of our heifers are doing 18,000 and up
People are amazed when we tell them how
much they milk Worming doesn’t do it all,
of course, but we're sure it helps ”
“TBZ gives us the simplest worming
program on the market. We worm just one
time per lactation - before freshening We
just put pellets with TBZ in front of them,
on the grain, and they cat it right up
“All in all. TBZ has proved really
profitable
that increased funding in many
areas of this bill may contribute to
an increased federal budget
2Sfi?}t, which will exacerbate
problems farmers face with in
terest rates,” Helms said
The following is a summary of
the items considered by the
Committee:
—Farm operating loans. The
Committee approved a three-year
authorization of farm operating
insured and guaranteed loans at a
level of $1.6 billion. The Ad
ministration bill (S. 2314) provided
for a level of $1.51 billion for each
of the next three years.
—Farm ownership loans. The
Committee approved a three-year
extension of the loan authorization
for farm ownership loans at a level
of $775 million, the same as the
request in S. 2314.
—Basinets and Industrial loan
program. The Committee ap
proved a compromise agreement
presented by Senator Hawkins
providing $4OO million for
guaranteed B&l loans in each of
the next three years. The Ad
ministration proposed to eliminate
“TBZ...simple program”
“Our records show it pays off ”
Your dealer, feed supplier,
and veterinarian have TBZ in
a feed or dosage form that fits
your management. Start your
prefreshening worming
program with TBZ
now.
Faming, Saturday, May 15,19*2-019
the program
In order to make the program
more accountable, the Committee
proposed to raise the equity
requirement on loan applications
to 20 percent instead of the current
10 percent; to decrease the present
90 percent federal loan guarantee
on loans to 80 percent to ensure
proper loan making and servicing,
and to require a high unem
ployment.
—Limited resource borrowers
program. The Committee ap
proved a Hawkins’ proposal to set
aside 15 percent of farm operating
and farm ownership loan funds for
beginning or disadvantaged far
mers.
The Administration had
proposed to eliminate the distinc
tion between limited and non
hmited resource borrowers.
Present law requires that 20
percent of the funds be set aside for
this purpose.
A provision was also adopted
that would require limited
resource borrowers to repay the
subsidy on interest rates when
they dispose of property obtained
Check With Me First
For Ail Your Needs
New • Additions • Repairs •
Carpentry • Masonry • Concrete
Large or Small
with low-interest loans
—Emergency Disaster loan
program The Administration had
proposed to cap the disaster
program at $1.5 billion The
Committee agreed to a provision to
continue the authorization for the
program providing for "such sums
as may be necessary ’’
—Water and waste program.
The Committee agreed to the
Administration proposal to
authorize the water and waste
disposal loan programs at $3OO
million and $l3O million for
community facility programs.
The Committee approved bill
also includes a provision to
establish the rate of interest on
water and waste disposal loans at 5
percent for communities below the
80 percent statewide non
metropolitan income level. The bill
also provides an intermediate rate
of interest of 7 percent for com
munities between 80 and 100
percent of the state-wide non
metropolitan median income level
—Alcohol Production Facilities
Program. The Committee agreed
to eliminate the alcohol production
facilities loan program. However,
the Senators agreed to include
language in the report providing
that a portion of the Business and
Industrial loan funds will be made
available for alcohol production
applications if they meet the
regular requirements of the B&I
loans.
—Purchase of Crop Insurance.
The Committee adopted a
provision that would authorize the
Secretary of Agriculture to require
FmHA borrowers to purchase crop
insurance of any type where
available, on crops that will be
used as substantial security for a
loan
Five-Year review of
Borrowers. Under the Committee
proposal, a thorough review of any
borrower who has received FmHA
farm operating loans for the
previous five years would be
required to determine his financial
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