Friday, June 6, 2008

Loan Differentials

I am not yet sure that farmers have figured out that they need to be screaming bloody murder. The Department has just made this change and it makes absolutely no sense. Yet, a USDA Assistant Secretary yesterday told Congressional Staffers that farmers support the move, it is just the grower associations that are causing him problems.

Farmers need to call the Secretary of Agriculture and their Congressman and Senators and let them know that we don't support a $7 cut in our price. Contracts are based on loan rate. Cut the loan and the contract price tied to the repayment rate will also go down.

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