Agriculture, Rural Development, and Related Agencies Appropriations for fiscal year 1989: hearings before a subcommittee of the Committee on Appropriations, United States Senate, One Hundredth Congress, second session on H.R. 4784 ....

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Page 112 - Act of 1936, as amended, and that such rural electric and telephone systems should be encouraged and assisted to develop their resources and ability to achieve the financial strength needed to enable them to satisfy their credit needs from their own financial organizations and other sources at reasonable rates and terms consistent with the loan applicant's ability to pay and achievement of the Act's objectives.
Page 188 - ... income. FmHA performed the lending through its county offices» with funds provided by the Office of Economic Opportunity, until 1971. The agency made nearly 65,000 loans to individuals totaling $109.3 million, and 1,476 loans to cooperatives totaling $21 million.
Page 188 - Act authorized loans for a shift in land use to outdoor recreational facilities built primarily to benefit rural people. The agency began to make loans to family farmers to set up farm-based recreation and other nonagricultural enterprises that would add to family income, and for association grazing ranges where family farmers and ranchers share the use of more grazing land for livestock production. A pilot program for rural renewal, delegated to FmHA, launched experiments in several States to develop...
Page 236 - The purpose of this act is to promote the national welfare by improving the economic stability of agriculture through a sound system of crop insurance and providing the means for research and experience helpful in devising and establishing such insurance.
Page 523 - Thank you, Mr. Chairman. If it meets with your approval, I would like to speak for just a few moments.
Page 196 - FmHA program levels requiring less than $1 billion a year of note marketing, sales were conducted directly from FmHA. From 1970 through 1973, as marketing requirements rose to more than $2 billion a year, the agency increased sales by marketing large blocks of notes to security dealers who in turn sold them to trust funds and other large investors. In 1974, FmHA discontinued the marketing of actual notes and introduced a new investment security instrument, the Certificate of Beneficial Ownership.
Page 188 - Rural housing was changed from a program of direct loans to one primarily of insured loans, and the population limit on towns served through FmHA was raised from 2,500 to 5,500. This opened the way for the annual volume of FmHA rural housing credit to rise from the $133 million level of 1965 to the multi-billion dollar level of present times. * The water facilities loan program was transformed into a loanand-grant program for both water and waste disposal systems.
Page 393 - Chairman, Members of the Committee: I am pleased to have this opportunity to speak to you today on the 1989 Budgets for the Food and Nutrition Service and the Human Nutrition Information Service.
Page 188 - USDA's Soil Conservation Service. The Economic Opportunity Act of 1964 established loans to low-income rural people for small farm improvements or nonfarm enterprises that would add to family income. FmHA performed the lending through its county offices with funds provided by the Office of Economic Opportunity until 1971.
Page 188 - States to develop better community facilities, improve homesites and housing, and attract new industry to underdeveloped rural areas. Rural renewal was discontinued as an experimental program in 1969. FmHA also was authorized in 1962 to make loans covering local project costs in areas designated for benefits of a resource, conservation, and development program which, like the small watershed program, is supervised by USDA's Soil Conservation Service. The Economic Opportunity Act of 1964 established...

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