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Article: Farm Service Fee Proposal Alarms Lawmakers.(funding for the Farm Service Agency)
- Article from:
- American Banker
- Article date:
- April 19, 2006
- Author:
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Encouraged by bankers, some Farm Belt legislators are blasting the President's plan to fund the Farm Service Agency with user fees, arguing that it would only jack up loan costs for borrowers who can least afford it.
Rep. Jerry Moran, R-Kan., sent a letter Monday to his House colleagues asking them to sign a letter to Agriculture Secretary Mike Johanns opposing a proposal in the Bush administration's fiscal 2007 budget to fund the Farm Service Agency's loan programs with user fees instead of a congressional appropriation. Eight senators signed a similar letter sent to Mr. Johanns last week.
"If an administration user fee proposal goes through, farmers ...