S. HRG. 100-409 REFORM AND MODERNIZATION OF THE FARMERS HOME ADMINISTRATION, S. 1179 HEARING BEFORE THE COMMITTEE ON AGRICULTURE, ONE HUNDREDTH CONGRESS FIRST SESSION ON S. 1179 A BILL TO AMEND THE CONSOLIDATED FARM AND RURAL DEVELOPMENT ACT TO IMPROVE THE ADMINISTRATION OF FARMERS HOME ADMINISTRATION LOANS, AND FOR OTHER PURPOSES JUNE 9, 1987 Printed for the use of the Committee on Agriculture, Nutrition, and Forestry For sale by the Superintendent of Documents, Congressional Sales Office COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY PATRICK J. LEAHY, Vermont, Chairman JOHN MELCHER, Montana KENT CONRAD, North Dakota THOMAS A. DASCHLE, South Dakota RICHARD G. LUGAR, Indiana JESSE HELMS, North Carolina THAD COCHRAN, Mississippi RUDY BOSCHWITZ, Minnesota MITCH MCCONNELL, Kentucky CHRISTOPHER S. "KIT" BOND, Missouri DAVID K. KARNES, Nebraska CHARLES RIEMENSCHNEIDER, Staff Director JOHN PODESTA, Chief Counsel CHARLES CONNER, Staff Director for the Minority (II) CONTENTS 9 CHRONOLOGICAL LIST OF WITNESSES The exact number of interest buydowns on guaranteed loans Surplus and eligible property. Senator Daschle's complaint that FmHA was requiring borrowers who are renters to obtain signature of their landlord on the note Supplied table-Aging of Farmer Program Delinquent Amounts... Massey, James T., executive director, Farmers' Legal Action Group, Inc., St. Prepared statement with attachments. Memorandum-Recent decisions in the Coleman v. Lyng national class Court order halts farm foreclosures by FmHA, June 5, 1987. Court order, press release, June 3, 1987 Excerpt of opinion issued May 7, 1987, and memorandum and order; Al- Memorandum and order, dated May 7, 1987 Memorandum and order, dated June 2, 1987 Severens, Eugene, Center for Rural Affairs, Walthill, NE. "Strange doings at Farmers Home," article from the Atlanta Constitution Vogel, Sarah M., assistant attorney general, State of North Dakota... Paige, Ralph, executive director, Federation of Southern Cooperatives/Land Letter, dated May 21, 1987, from Gerald B. Murphy, president, Equity Control Bergstrom, Gary, president, the National Bank of Harvey, Harvey, ND. |