[Congressional Record Volume 152, Number 136 (Wednesday, December 27, 2006)]
[Extensions of Remarks]
[Page E2242]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




SUSPENSION OF LIMITATION ON PERIOD FOR WHICH BORROWERS ARE ELIGIBLE FOR 
                         GUARANTEED ASSISTANCE

                                 ______
                                 

                               speech of

                     HON. CHARLES W. BOUSTANY, JR.

                              of louisiana

                    in the house of representatives

                        Friday, December 8, 2006

  Mr. BOUSTANY. Mr. Speaker, I rise in support of the bill, S. 4093. 
This bill will modify the expiration date of a provision of a farm bill 
dealing with farm credit so that it expires concurrent with the rest of 
the farm bill. Currently a provision of the farm bill dealing with 
guaranteed loans for farmers and ranchers expires on December 31 of 
this calendar year.
  The rest of the farm bill, however, does not begin to expire until 
December 30 of 2007. By passing this bill, we are ensuring that this 
credit program has the opportunity to be fully debated during the 
development of the next farm bill. Furthermore, should this provision 
expire in the next few days, it would create a hardship on the part of 
those farmers, ranchers, and lenders to whom it would apply.
  I ask my colleagues to support this bill so that this credit program, 
which is so important for America's young and beginning farmers, has 
the opportunity to be debated and reevaluated during the development of 
the next farm bill without causing undue hardship with limited notice 
to the farmers and ranchers that use this important program.
  I would also like to thank Michael Hare of my staff for his diligent 
work in the last week to bring this bill to the floor.

                          ____________________