Bill Allowing Farm Loans Signed
Associated Press
WASHINGTON —
President Reagan today signed a bill providing $1 billion to the Agriculture Department, allowing it to resume making price-support loans to farmers after a nearly weeklong cutoff.
The action sent emergency money to the Commodity Credit Corp., which went broke last week and forced federal officials to halt loans to producers for their newly harvested crops. The Agriculture Department immediately gave local offices the green light to resume loan-making.
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