Bill Clinton: “Thank you very much. As I said, we do intend to review the agricultural rules. Let me comment very briefly on the bank…”

“Thank you very much. As I said, we do intend to review the agricultural rules. Let me comment very briefly on the bank loan issue. Along with a number of other farm State Governors, back in the mid-eighties we had a meeting in Chicago--I never will forget this-- Governor Edgar's predecessor hosted it, and we tried to work through reform in the farm financing system. Congress acted on that, substantially what we recommended, but it was 4 years later and 255,000 farmers later. I believe that the regulators have the authority to give the banks the flexibility to do what you suggest, but I will check to make sure. [Representative Minge expressed congressional support for the administration's efforts.]”