Request Line: (870) 277-1080 [email protected]
Text Your Gift to KLEK1 to 44-321 LEARN MORE

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Cotton, Boozman Ask SBA for More Feedback on Rule Harming Poultry Producers

Written by Press Release

March 6, 2020

FOR IMMEDIATE RELEASE

Contact: Caroline Tabler or James Arnold (202) 224-2353

March 6, 2020

 

 

 Cotton, Boozman Ask SBA for More Feedback on Rule Harming Poultry Producers

Washington, D.C. — Senators Tom Cotton (R-Arkansas) and John Boozman (R-Arkansas) today led nine of their colleagues in sending a letter to Small Business Administration (SBA) Administrator Jovita Carranza expressing concern over a new rule that will make it more difficult for poultry growers to access SBA loans. Specifically, the Senators are concerned that while the SBA is accepting comments on the rule until April 10, 2020, the provisions targeting poultry farmers are slated to go into effect on March 11, 2020, before the SBA has time to fully evaluate the comments submitted. The Senators ask the SBA to extend the comment period for the interim rule in order to better understand its potential impact on the poultry community.

 

The letter is also signed by Senators Cindy Hyde-Smith (R-Mississippi), Doug Jones (D-Alabama), Roger Wicker (R-Mississippi), Kelly Loeffler (R-Georgia), Thom Tillis (R-North Carolina), Richard Burr (R-North Carolina), David Perdue (R-Georgia), Joni Ernst (R-Iowa), and Jim Inhofe (R-Oklahoma).

 

The text of the letter can be found below or by clicking here.

 

Background

 

On February 10, 2020, the SBA released an Interim Final Rule (IFR) establishing a review process whereby SBA would review farmer contracts and make an “affiliation” determination – whether that farmer was “affiliated” with a chicken processing company, thus ineligible for SBA assistance through loan guarantees – based on a set of criteria newly announced in the Interim Final Rule. This would substantially affect the operations of many small, family farms across the country. Importantly, the comment period for the IFR closes on April 10, 2020, but the effective date of the poultry-related provisions goes live on March 11, 2020. This letter requests that SBA extend the effective date to October 1, when the remainder of the rule’s provisions goes final.

 

March 6, 2020

 

The Honorable Jovita Carranza

Administrator

United States Small Business Administration

409 3rd Street SW

Washington, DC 20416

 

Dear Administrator Carranza:

 

We write to respectfully express our concerns with the United States Small Business

Administration’s (SBA) Interim Final Rule entitled Express Loan Programs; Affiliation Standards (Docket No. SBA-2020-02128 / RIN 3245-AG74), published in the Federal Register on February 10, 2020. Due to our concerns with the underlying policy changes, specifically those made to 13 C.F.R. §121.301(f), included in the rule and their potentially significant impact on poultry farmers in our states, we urge SBA to extend to October 1, 2020 the effective date of the above-referenced Interim Final Rule. We do not agree with the decision to make the effective date March 11, 2020, prior to the end of the comment period on April 10, 2020, and we believe that an extension is a more appropriate course of action that will allow SBA a meaningful opportunity to review and consider all comments.

 

Access to capital is one of the most significant barriers to entry for farming, which is why Congress specifically included agriculture in the SBA’s mandate. Unfortunately, the Interim Final Rule, as currently written, could adversely affect many independent, small, family farmers that raise broiler chickens and turkeys across the country. Our constituent farmers deserve to have their voices heard prior to the implementation of a rule that will result in a significant impact on their livelihood. With the current state of the farm economy in mind, we urge SBA to take the necessary time to consider the potential significant impacts this rule would have on the sustainability of our family farm operations. 

 

We appreciate your attention to this matter and look forward to your response.

 

Sincerely,

 

###

Original article source: http://www.cotton.senate.gov?p=press_release&id=1335 | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council

0 0 votes
Article Rating

Related Articles

Cotton Statement on Passing of Joe Morgan

FOR IMMEDIATE RELEASEContact: Caroline Tabler or James Arnold (202) 734-0430 November 22, 2020   Cotton Statement on Passing of Joe Morgan Washington, D.C. — Senator Tom Cotton (R-Arkansas) released the statement below after Joe Morgan, a Read more

Cotton Praises Change Allowing Labeling of Israeli Goods

FOR IMMEDIATE RELEASEContact: Caroline Tabler or James Arnold (202) 734-0430 November 19, 2020   Cotton Praises Change Allowing Labeling of Israeli Goods  Washington, D.C. — Senator Tom Cotton (R-Arkansas) released the statement below after the administration announced that Read more

Our Pilgrim Fathers

A great American anniversary is upon us.  Four hundred years ago this Saturday, a battered old ship called the Mayflower arrived in the waters off Cape Cod.  The passengers aboard Read more

Cotton, Colleagues Urge Administration to Change Israeli Goods Labeling Policy

Washington, D.C. - On Monday, Senator Tom Cotton (R-Arkansas), along with Senators Ted Cruz (R-Texas), Kelly Loeffler (R-Georgia), and Marco Rubio (R-Florida), sent a letter to President Donald Trump urging Read more

Comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Pin It on Pinterest