Tuesday, June 10, 2008

Loan Rate Cut

The Department has withdrawn its $7 cut in the loan rate for this year because the political pressure they were receiving. They are having a meeting with industry representatives on June 20th to discuss the issue so it is not dead but is for the year postponed. This has saved growers in the southeast a $7 cut for this year.

We cannot rest on our laurels though. They are still really working this issue and we need to continue pressure to kill it for good.

We still need growers raising sand about it and telling Congress and USDA to stop this. It was never Congress' intent and they need to hammer that point home down the street at USDA.

No comments: