A resolution relating to agricultural credit and the current liquidity problem facing agricultural borrowers that threatens the viability of agriculture, rural communities, and the national economy.

Summary

Declares the sense of the Senate that all agricultural lenders use every means to assure agricultural solvency. States that it is the further sense of the Senate that: (1) the Farmers Home Administration facilitate and fully implement all lending authority in law including the Emergency Livestock Credit Act of 1974 and other disaster loan program; and (2) the Farm Credit Administration use its good offices to the fullest extent possible to support and continue agricultural producers with necessary financial support including necessary refinancing; and (3) the Federal Reserve Board fully support those commercial banks which represent the largest source of agricultural production credit in their efforts to maintain their agricultural borrowers.

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• Introduced in Senate

  summary · EN · 18 December 1974

  Open at official source

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