the Senator from New Mexico and the Senator from Idaho alluded to what fair market prices are. If you live in Idaho--the Senator from Idaho mentioned he tried to establish a fair market price--the price is $1.35 AUM if you lease lands for grazing from the U.S. Government. But if you lease lands for grazing from his home State of Idaho, you have to pay $4.88 for the same thing, and in New Mexico, it is $3.54. The average that States charge for the same thing we get $1.35 for is $5.58. Why are the States so much smarter than we are? If you rent in the private sector, the national average is $11.20. The Senator from Idaho said we are trying to separate the rich from the poor. Nothing of the kind. These people I am talking about-- Anheuser-Busch, Newmont--I do not think they argue they are poor, they cannot afford to pay more, for example, than what his State would charge. If they are poor, if people who have 5,000 AUM's, which is all this amendment covers, if they are poor, who are these 97 percent below them? We do not touch anybody except people like Anheuser-Busch, Newmont Mining, William Hewlett, J.R. Simplot, the biggest corporations, wealthiest people in America. I do not blame them. I would get land for $1.35 before I would lease it from the State of Idaho for $4.88, or lease it from somebody who owned land for $11.20. All we are trying to do is say, if you want this land, fine, we will give you 5,000 AUM's at this ridiculously low price.
Dale Bumpers: “the Senator from New Mexico and the Senator from Idaho alluded to what fair market prices are. If you live in Idaho--the…”
Editor's note · Context
Discussing grazing land lease prices and their implications during Senate debate.
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