Current Soybean and Oilseeds Situation: Hearing Before the Subcommittee on Wheat, Soybeans, and Feed Grains of the Committee on Agriculture, House of Representatives, One Hundredth Congress, Second Session, February 2, 1988

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Stranica 118 - Farmer receives support payment based on difference between target and market price. He receives market price for the sale of his crop and when he repays the loan he may retain loan proceeds equal to difference between the loan rate and the market price if prices are below the loan rate. Income is generated by marketing the crop not storing it. Farmers' total crop receipts from all sources are the same under both options.
Stranica 118 - The marketing loan does not dictate higher or lower prices. Prices adjust until the market is cleared. There Is no government stock takeover except those desired for food security. Producers receive Income support payments and will retain loan support equal to difference between loan rate and market price. Producer Income 1s generated by marketing the product.
Stranica 117 - US agricultural products in domestic and foreign markets and change our role as a residual supplier in the marketplace. In doing so it must assure more orderly marketing of US products and relieve the burden on US farmers of having to make all of the production adjustments to bring world supply and demand into balance. It must maintain farm income and protect the economic well-being of the farmer. It must ensure a dependable, high quality supply of food and fiber at reasonable prices to the American...
Stranica 35 - ... National Council is a nationwide association of cooperative businesses which are owned and controlled by farmers. The membership of the National Council represents about 90 percent of the nearly 5,800 local farmer cooperatives in the nation, with a combined membership of nearly 2 million farmers. Three years ago in preparation for the debate on farm legislation to replace the expiring Agriculture and Food Act of 1981, the membership of the National Council sought a legislative proposal which...
Stranica 35 - I want to thank you again for the opportunity to testify before you today and to present several of our concerns relating to our family planning, population research and regulatory activities.
Stranica 41 - Thank you very much. [The prepared statement of Mr. Burritt appears at the conclusion of the hearing.] Mr GLICKMAN. Thank you all for your testimony.
Stranica 32 - I want to thank you for giving me this opportunity to testify before your distinguished body, and particularly in connection with the important work we are doing involving the elderly in this country.
Stranica 118 - Prices adjust until the market 1s cleared. There Is no government stock takeover except those desired for food security. Producers receive Income support payments and will retain loan support equal to difference between loan rate and market price. Producer Income Is generated by marketing the product. Acreage programs are used to maintain supply/demand balance in given year. Because of greater market price flexibility, participation rates are higher and acreage programs more effective. Farmer receives...
Stranica 4 - I hope that our legal analysis of these matters will be of use to the subcommittee, and I will do my best to answer any questions that you may have.
Stranica 5 - Webb, but due to sudden illness he has asked to be excused and he has left his testimony here. So without objection, his statement will be made a part of the record at this point.

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