CONTENTS 178 Leach, Hon. Jim, a Representative in Congress from the State of Iowa........ Lester, Sam, president, Southern Middle Tennessee Federal Land Bank Asso- Lightfoot, Hon. Jim, a Representative in Congress from the State of Iowa......... Marlenee, Hon. Ron, a Representative in Congress from the State of Montana Nichols, Jim, commissioner of agriculture, St. Paul, MN.. Penny, Hon. Timothy J., a Representative in Congress from the State of Page 60 169 103 71 181 43 143 80 105 38 Roberts, Hon. Pat, a Representative in Congress from the State of Kansas....... 29 129 Schuette, Hon. Bill, a Representative in Congress from the State of Michigan.. 52 157 Slattery, Hon. Jim, a Representative in Congress from the State of Kansas Skelton, Hon. Ike, a Representative in Congress from the State of Missouri...... 58 166 90 214 Prepared statement Prepared statement Smith, Hon. Virginia, a Representative in Congress from the State of Nebras ka..... Smith, Jo Ann, president, National Cattlemen's Association Stangeland, Hon. Arlan, a Representative in Congress from the State of 55 161 82 209 26 123 106 SUBMITTED MATERIAL Hart, Hon. Gary, a U.S. Senator from the State of Colorado, statement. McEwen, Hon. Bob, a Representative in Congress from the State of Ohio, statement. 237 241 Taylor, Oris O., O. Taylor Enterprises, Guthrie, OK, statement.. 243 SEPTEMBER 12, 1985 English, Hon. Glenn, a Representative in Congress from the State of Oklahoma, remarks of........... 282 Jones, Hon. Ed, a Representative in Congress from the State of Tennessee, opening statement.... 249 WITNESSES Bush, John, farmer, Valentine, NE.................................... Gray, Robert J., director, policy development, American Farmland Trust... Prepared statement 274 254 293 Hill, J. Elden, president and general manager, Eastern Idaho Production 266 Prepared statement 314 Huenfeld, Fred, president, National Organization for Raw Materials. Williams, E. Morgan, president, National Cooperative Business Association, presented by Stewart Kohl, executive vice president and chief operating officer.... 252 Prepared statement 286 Willis, Tommy, executive vice president, American Agriculture Movement......... 250 OCTOBER 30, 1985 Bereuter, Hon. Doug, a Representative in Congress from the State of Nebraska, statement 374 Prepared statement 375 Coleman, Hon. E. Thomas, a Representative in Congress from the State of 328 de la Garza, Hon. E (Kika), a Representative in Congress from the State of Letter of November 15, 1985, from Donald E. Wilkinson, Governor, Farm Glickman, Hon. Dan, a Representative in Congress from the State of Kansas, Page 364 366 329 Gunderson, Hon. Steve, a Representative in Congress from the State of Wisconsin, opening statement. 330 Prepared statement 332 Jeffords, Hon. James M., a Representative in Congress from the State of 336 Prepared statement. 336 Jones, Hon. Ed, a Representative in Congress from the State of Tennessee, opening statement.... 327 Smith, Hon. Virginia, a Representative in Congress from the State of Nebraska, statement. 373 Stangeland, Hon. Arlan, a Representative in Congress from the State of 372 WITNESSES Bellamy, Glenn, senior vice president, Ameribanc, Inc Prepared statement Carson, Robert A., chairman of the board, First South Production Credit Prepared statement Ewing, Ky P., Jr., partner, Vinson & Elkins, representing Grassroots: the National Association of Farm Credit System Stockholders and the Federal Land Bank Associations of Texas Stockholders' Defense Fund, accompanied by Don Neal, chairman, defense fund; and Luman Holman, executive director, Grassroots....... Prepared statement Gerhart, Bud, chairman, Agriculture-Rural Committee, Independent Bankers 490 696 494 707 479 664 450, 459 Prepared statement 647 Gilfoil, James Henry III, director, First South Production Credit Association ... Roll, James A., senior vice president, Federal Farm Credit Banks Funding 417 Prepared statement 596 Seaberg, Roy A., Jr., chairman of the board, Farm Credit Banks of Texas 491 Prepared statement 700 Smeal, Frank, general partner, fixed income division, and member, Management Committee, Goldman, Sachs & Co... 454 Prepared statement 656 Swackhamer, Gene, president, Farm Credit Banks of Baltimore, and member, 422 Prepared statement 623 Tubbs, Alan, immediate past chairman, Executive Committee, agricultural bankers division, American Bankers Association ................ 447, 453 Prepared statement 636 Tucker, Ray Moss, chairman, Legislative Committee, Farm Credit Council 414 586 Wilkinson, Donald E., Governor, Farm Credit Administration, accompanied 337 Prepared statement 507 SUBMITTED MATERIAL Articles of Incorporation of Farm Credit System Capital Corporation 389 727 OCTOBER 31, 1985 Jones, Hon. Ed, a Representative in Congress from the State of Tennessee, opening statement... Page 733 Madigan, Hon. Edward R., a Representative in Congress from the State of 765 WITNESSES Alexander, Hon. Bill, a Representative in Congress from the State of Arkan sas.... 784 Prepared statement 887 Barker, Norman H., president, National Milk Producers Federation. 828 Prepared statement 941 Billington, Jim, National Association of Wheat Growers. 833 734 Prepared statement 875 Bredemeier, Mark J., general counsel, Gulf & Great Plains Legal Foundation.. Casper, Barry M., director, Crisis in Agriculture Project, Carleton College 842 958 Cline, Lloyd, National Cotton Council 834 Dailey, Richard, Family Farm Organizing Resource Center. 846 Prepared statement 970 Delano, Robert B., president, American Farm Bureau Federation.. 815 935 Elkin, Irvin J., president, Associated Milk Producers, Inc................ 830 947 Humphrey, Hubert H. III, attorney general, State of Minnesota 788 890 McLaren, Derryl, on behalf of the National Corn Growers Association, National Association of Wheat Growers, National Cotton Council, National Cattlemen's Association, National Grange, and National Wool Growers Association 831 Prepared statement 949 Miller, Tom, attorney general, State of Iowa.. 792 Morgan, Ben F., executive vice president and chief executive officer, Dairymen, Inc., and chairman of the board, National Council of Farmer Cooperatives...... 817 Prepared statement 937 Naylor, Frank W., Jr., Under Secretary, Small Community and Rural Development, U.S. Department of Agriculture. 754 Prepared statement 885 Niese, Rene E., treasurer and trust administrator, National Farmers Organi Saunders, Tom, board member, Wisconsin Farm Unity Alliance and the Sledd, Roger B., attorney, on behalf of directors and stockholders, Fourth 866 Prepared statement 1057 Wellstone, Paul, on behalf of Daniel Levitas, Prairiefire Rural Action and 845 SUBMITTED MATERIAL Abele, Ted, president, American Agrinomics Management Co., Inc., statement Bullock, J. Bruce, professor and chairman, department of agricultural economics, University of Missouri-Columbia, statement... 996 1001 Gill, John, grain farmer and seed processor, Platte County, MO, statement 994 Page Rosenstein, Larry M., attorney, Levin & Rosenstein, letter of October 31, 1985 1061 Stephan, Robert T., attorney general, State of Kansas, statement....... NOVEMBER 21, 1985 795 H.R. 3792, a bill to amend the Farm Credit Act of 1971, and for other purposes. 1175 Report from U.S. Department of the Treasury 1244 1246 Coleman, Hon. E. Thomas, a Representative in Congress from the State of 1066 de la Garza, Hon. E (Kika), a Representative in Congress from the State of Texas, opening statement... 1069 Letter of November 21, 1985, from Roy A. Seaberg, Jr., chairman of the board, Farm Credit Banks of Texas. 1080 Jeffords, Hon. James M., a Representative in Congress from the State of 1070 Jones, Hon. Ed, a Representative in Congress from the State of Tennessee, opening statement... 1065 Madigan, Hon. Edward R., a Representative in Congress from the State of 1070 Stallings, Hon. Richard H., a Representative in Congress from the State of 1068 Stenholm, Hon. Charles W., a Representative in Congress from the State of 1067 Weaver, Hon. James, a Representative in Congress from the State of Oregon, opening statement...... 1070 WITNESSES Duncan, Marvin, Senior Deputy Governor, Farm Credit Administration...... Naylor, Frank W., Jr., Under Secretary, Small Community and Rural Development, U.S. Department of Agriculture... 1076 1074 Sethness, Charles O., Assistant Secretary, Domestic Finance, U.S. Department of the Treasury.. 1071 Prepared statement 1147 Sims, Douglas D., president, St. Louis Bank for Cooperatives, St. Louis, MO, member, Legislative Committee, Farm Credit Council, accompanied by Gene L. Swackhamer, president, Farm Credit Banks of Baltimore, Baltimore, MD. 1077 Prepared statement 1161 Wilkinson, Donald E., Governor, Farm Credit Administration 1074 Prepared statement 1158 SUBMITTED MATERIAL Bensch, Carl, chairman of the board, Federal Land Bank Associations and 1166 Jensen, Robert, chairman, and Howell Hughes, president, Springfield District 1170 O'Toole, J. Denis, director, legislative operations and senior legislative coun- 1173 1080 |