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Article: Soybean Association says marketing loan needed for soybeans. (American Soybean Association)
- Article from:
- PR Newswire
- Article date:
- December 8, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SOYBEAN ASSOCIATION SAYS MARKETING LOAN NEEDED FOR SOYBEANS
ST. LOUIS, Mo., Dec. 8 /PRNewswire/ -- The Gramm-Rudman-Hollings automatic budget cuts, due Dec. 16 would hit soybean farmers particularly hard, warns American Soybean Association (ASA) President Wayne Bennett.
"Unless an alternative package of budget cuts is agreed upon before the deadline, the soybean loan rate will plunge to $4.14 per bushel with signficant reductions in target and loan rates for program crops," says the Lonoke, Ark., soybean farmer.
"Soybean farmers could live with the Senate Agriculture Committee's Budget reconciliation package providing the package ...