SPEAKER INDEX CONTENTS INSERTS CASPARY 11 27 28 31 34 39 42 43 46 48 49 CHAIRMAN 1 3 5 8 11 14 17 20 22 25 26 27 28 32 33 36 38 41 44 46 50 CLAYTON 33 34 GLAUB 14 31 36 37 39 41 43 44 45 46 GUTKNECHT 38 39 40 41 HAGUE 8 25 26 27 30 39 44 47 48 HOLT 23 36 38 40 41 42 LUCAS 36 37 38 MORAN 44 45 46 PENICK 6 27 30 39 41 42 43 45 47 48 PETERSON 28 POMBO 32 33 SMITH 41 42 43 44 STENHOLM 2 46 47 48 49 50 URMSTON 17 40 VROOM 20 32 40 49 50 CONTENTS SPEAKERS INSERTS OPENING STATEMENT OF HON. LARRY COMBEST, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS PAGE 1 OPENING STATEMENT OF HON. CHARLES W. STENHOLM, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS PAGE 2 STATEMENT OF JAY PENICK, PRESIDENT AND CEO, NORTHWEST FARM CREDIT SERVICES, ON BEHALF OF THE FARM CREDIT COUNCIL PAGE 6 STATEMENT OF TERRY M. HAGUE, CHIEF EXECUTIVE OFFICER, FARMERS EXCHANGE BANK, ON BEHALF OF AMERICAN BANKERS ASSOCIATION PAGE 8 STATEMENT OF JAMES E. CASPARY, PRESIDENT, FIRST NATIONAL BANK OF CLIFTON, AND CHAIRMAN, INDEPENDENT COMMUNITY BANKERS OF AMERICA PAGE 11 STATEMENT OF TED L. GLAUB, PRESIDENT OF AMERICAN SOCIETY OF FARM MANAGERS & RURAL APPRAISERS OF JONESBORO, AR PAGE 14 STATEMENT OF DEAN URMSTON, EXECUTIVE VICE-PRESIDENT, AMERICAN SEED TRADE ASSOCIATION PAGE 17 STATEMENT OF JAY J. VROOM, PRESIDENT OF AMERICAN CROP PROTECTION ASSOCIATION PAGE 20 STATEMENT OF JAMES S. HOLT, AGRICULTURAL ECONOMIST, MCGUINESS, NORRIS, AND WILLIAMS, ON BEHALF OF THE NATIONAL COUNCIL OF AGRICULTURAL EMPLOYERS PAGE 22 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING