raps ■ Texas A&M ■ ■ ■ ■
The Battalion
March 25, 1982/Page IB
Section B
staff photo by Sumanesh Agrawal
A little more to the left!
Lisa Hartman, a sophomore Geology her Aerobics class. Stretching be-
major from Dallas stretches her fore running helps prevent injuries
muscles before a two-mile run in to muscles.
Farmers say they need relief
Interest rates damaging
United Press International
WICHITA, Kan. — With the
one-two punch of high interest
rates and low farm prices forc
ing more farms into bankruptcy,
farmers told a National Farmers
Union hearing that they need
help.
Farmers and agricultural
leaders from across the state said
Tuesday they can’t hold out
much longer, during a hearing
sponsored by the National Far
mers Union and the Kansas Far
mers Union.
George Stone, president of
the National Farmers Union,
said the major culprit forcing
the rising number of farm mort
gage foreclosures is high in
terest rates. In fact, Stone said
many farmers are paying as
much as 46 percent of their in
come toward interest payments.
“For every dollar in net farm
income, there’s $10.60 cents
they owe,” he said. “We cannot
survive on high interest rates
and low prices.”
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Stone said he wasn’t expect
ing any new information to arise
from Tuesday’s hearing, but
said the testimony gathered
there would be distributed to
consumer groups, the Reagan
Administration and members of
Congress “who don’t fully
understand the situaiton.”
The hearing at the Airport
Hilton was the second of nine
hearings around the country,
with the first held Monday in
Lubbock, Texas.
“Our purpose is to get infor
mation,” Stone said, “ and in
form people about the real situa
tion on the farm and the de
pression we’re in.”
Besides the farmers who
spoke at the hearing, several
agricultural leaders and agribu
sinessmen submitted statements
Tuesday on the plight of the
Kansas farm, including Bob
Showalter, president of the Hes-
ston State Bank; Harland E.
Priddle, secretary of the Kansas
Board of Agriculture; and John
Strunk, a member of the Andale
Coop Board of Directors.
Among the farmers speaking
at the hearing were Tom Giessel
of Earned, Joel Daniels of Gar
den City and Bill Leonard of
Hugoton, who all testified that
Kansas farmers are going broke
and need help in the form of
higher prices for their products.
Said Stone, “We need some
relief.”
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