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Committee questions nominee on conservation programs, support for beginning farmers and farm loan limits
Summary
Members pressed Richard Fordyce on promoting voluntary conservation programs (CRP, EQIP), outreach to young and beginning farmers, and modernizing farm loan limits and processing to reflect rising capital needs.
Senators used the nomination hearing to seek pledges from Richard Fordyce on conservation program promotion, support for young and beginning farmers, and updating farm loan authority.
Chairman Bozeman and several members asked Fordyce to prioritize improvements in farm loan limits and loan-processing times, citing geographic variability in approval times and increasing capital intensity in agriculture. Bozeman said, "Approval times for farm loans vary greatly by state and county and can lead to unacceptable delays at critical times when producers are attempting to purchase…
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