Legislation to ensure that farmers and ranchers will continue to have access to loan guarantees was introduced recently by U.S. Sen. Herb Kohl, D -Wis. Sen. Chuck Grassley, R-Iowa, is the lead Republican co-sponsor of this legislation.
The Farm Service Agency loan guarantee programs contain a limitation on the number of years a borrower is eligible to receive a loan guarantee. The Kohl bill would waive implementation in order to allow farmers to access loan guarantees that help cover operating expenses. Congress …
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