Political Quotes

“this amendment, as I stated, is designed to eliminate the subsidy appropriation for Farm Service Agency credit sales of acquired property and transfer this amount to subsidize the cost of additional farm ownership direct loans. The amendment increases the subsidy appropriation for farm ownership direct loans by $3,260,000 to fund an additional $21,777,000 in loans. This will fund an estimated total farm ownership direct loan level of $85,649,000 for fiscal year 1999 versus the $63,872,000 level now proposed by the bill. I have been advised by the Department of Agriculture that the Farm Service Agency credit sales loan obligations are currently lower than anticipated and the full amount requested for fiscal year 1999 will not be required. Any funding needed for credit sales of acquired property for fiscal year 1999 can be made available through the agency's loan programs. Given this, the amendment proposes to move this money to increase available funding for farm ownership direct loans.”