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(AAM 03 FEB 93 page #6) 



would happen to the nation's economy as a whole if every 

 farmer replaced just one worn-out tractor, or a worn-out 

 pickup truck? It would create jobs and taxpayers from the 

 local dealership all the way back to the miners who dig the 

 coal and iron ore out of the earth. If nothing else, higher 

 farm prices would make President Clinton's economic recovery 

 programs much easier. Agriculture is the solution, not the 

 problem, to this nation's economic problems. 



AAM has asked Mike Espy, the new Secretary of Agriculture, 

 to raise loan rates since that is at his discretion under 

 law. We are now asking this committee to make those higher 

 support levels law. 



AAM also requests this committee, along with your 

 colleagues, to look at tax incentives such as an investment 

 tax credit to help the aforementioned equipment purchases 

 proceed, the return of income averaging, a reduction in the 

 capital gains tax for long term capital gains, and the Crop 

 Sharing Hunger Relief Act which gives private citizen 

 additional tax incentives to purchase surplus agriculture 

 commodities and donate them to those in need. We urge this 

 committee to take a vital role in rural health care, and 

 other rural associated programs too numerous to mention at 

 this time. 



