Kent Conrad: “I say to my colleague, this equals about 10 days of expenditure in…”

On the recordDecember 5, 2006

I say to my colleague, this equals about 10 days of expenditure in Iraq, based on what we are told the supplemental will be and what is already in the budget. So this is modest compared to previous disaster packages. It will not make farmers whole. As I have indicated in the examples I have provided, farmers who had a 50-percent loss will still have a 28-percent loss in economic terms, even with this package. A farmer who has lost 75 percent, even with this package and with aggressive crop insurance, will still have a 28-percent loss as well. This is a defining moment for thousands of people.

Said by

Kent Conrad

Democratic · North Dakota

Source

govinfo.gov

Editor's note · Context

Discussing the economic impact of disaster relief for farmers.

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Kent Conrad: “I say to my colleague, this equals about 10 days of expenditure in Iraq, based on what we are told the supplemental will…”

Editor's note · Context