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