Wednesday, Sept. 25, 1985
University Daily Kansan
Nation/World
7
Amendment gets bipartisan support
The Associated Press
TOPEKA — U.S. Reps, Jim Slattery and Fat Roberts have joined Rep Dan Glickman to give bipartisan support to an amendment to be offered later this week to the 1985 farm bill being debated in the House of Representatives, Slattery's office said yesterday.
Glickman unveiled the proposed
amendment last Friday in Washington. Slattery and Roberts, two of Glickman's fellow Kansas congressmen, along with Reps. Arlan Stangeland of Minnesota and Tom Dashcle of South Dakota said yesterday that they would co-sponsor the amendment.
Glickman, Slattery and Daschle are Democrats. Roberts and Stangeland are Republicans.
The amendment would establish a recourse marketing loan program and establish targeted deficiency payments in the wheat and feed grains sections of the legislation.
Attorneys general seek farm loan reform
The marketing loan provision would permit farmers who have their grain under government loan at a fixed loan rate to repay the loans for less than the original loan if market prices fell below the original loan
DES MOINES, Iowa — Eleven Midwestern attorneys general yesterday accused Farm Credit Admin-
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fisherman Donald Winkelson d treating farmer borrowers like adversaries and called for immediate changes to assure farmers fair treatment.
The group, led by Atty, Gen. Tom
of town, sent a letter to
Wilhelm of town.
lending agencies to provide farmer borrowers better explanations of the terms of their loans, notify farmers of changes in policy within the system's lending institutions and practice more forebearance with borrowers who are delinquent in their payments.
Hartigan, Ill.; Mark Meierheny,
S.D.; Robert Stephan, Kan; Bronson
Lafollette, Wis.; Robert Spire, Neb;
William Webster, Mo.; Linley Pearson,
Ind.; and David Armstrong, Ky.
level. If a farmer took a loan on his wheat at $3.14 a bushel and the market price of wheat fell to $2.80, he could redeem his grain for the lower price.
Also signing the letter were Attsy.
Gen. Hubert H. Humphrey III,
Minn.; Nicholas Spaeth, N.D.; Neil
Also under the amendment, targeted deficiency payments would be set at $4.50 a bushel on the first 15,000 bushels of wheat and at $4 on additional production. Corn would be targeted at $3.10 a bushel for the first 30,000 bushels and $2.80 on additional production.
Miller said that his office was now receiving an average of five complaints each day that farm credit system institutions have failed to adhere to their own policies in lending and foreclosure practices.
The Reagan administration opposes the marketing loan program and Agriculture Secretary John Block has refused to employ it although he is in the authority. The congressmen's amendment would order him to use it.
"This amendment is a bold step to help family farmers." Slattery said in announcing his support of the Glickman proposal. "The marketing loan provision sends a message to the international market that American farmers will be competitive.
Man indicted in scheme is released by magistrate
KANSAS CITY, Kan. — A U.S. magistrate yesterday denied the federal government's request to hold without bond a man indicted with 11 others in a nationwide bacteria-growing investment scheme.
United Press International
The man, Christopher J. Mancuso, 27, of Las Vegas, Nev., was released after posting $100,000 to the New York Post. S. Magistrate Gerald L. Rushbell.
Mancuso was among 12 people indicted on charges they defrauded 27,000 investors across the nation of more than $80 million. They were charged Sept. 11 by a federal grand jury, with 63 counts each of mail fraud and one count each of conspiracy in the operations of Culture Farms Inc. of Lawrence, Kan.; Activator Supply
Co. of Pahrump, Nev.; Cleopatra's Secret Inc., of Nevada; and other corporations.
The firms were involved in the sale of "activator kits" used by consumers to grow milk-based bacteria cultures for resale to the firms, ostensibly for use in cosmetics.
Assistant U.S. Attorney Richard Hathaway and U.S. Postal Inspector Bob Schick had requested Mancuo be held without bond until his trial. Rushfelt ordered Mancuo to again appear in court Jan. 20.
In July, a state judge shut down the companies, upholding a cease-and-desist order by the state securities commissioner that accused Culture Farmers and Activator Supply of conducting a pyramid sales scheme.
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