(4) No blending of grain with similar grain of 



different moisture content could be permitted, 



V -''^J. i 



(5) The grain must meet such other specifications 

 for quality as may be agreed by the buyer and 

 the producer. 



Representative Glaser concluded his testimony by 

 saying that LC 11 would provide a vehicle for producers 

 to market a unique grain, *^ '-' 



Randy Johnson, Montana Grain Growers Association, 

 spoke in opposition to the bill. He said the bill was 

 unnecessary because the current grain marketing system 

 was adequate. Mr. Johnson further stated that the 

 payment of premiums provided a mechanism to assure that 

 a buyer received a desired product. 



Holding of Foreclosed Land by Banks (LC 476) 



Senator Neuman explained the purpose of LC 476, 

 which would allow state-chartered banks to delay 

 liquidation of foreclosed agricultural land for up to 10 

 years following its acquisition. He said LC 476 could 

 potentially help stabilize the value of farmland at a 

 time when a great deal of land is coming on the market 

 due to foreclosures. 



Chris Olson, Financial Division, Montana Department 

 of Commerce, testified that state banking regulators 

 presently had the option to extend the period in which 

 banks could hold foreclosed property. 



John Cadby, Montana Bankers Association, stated his 

 organization's support for the bill. He said, while 



101 



