HD37 - The Feasibility of the Creation of an Agricultural Linked Deposit Program

  • Published: 1990
  • Author: Joint Subcommittee
  • Enabling Authority: House Joint Resolution 381 (Regular Session, 1989)

Executive Summary:
House Joint Resolution No. 381 established a joint subcommittee to examine the feasibility of creating an agricultural linked deposit program targeted to agricultural diversification in Virginia. The subcommittee was directed to (i) review the state of the agricultural industry in Virginia and the reasons behind the need for agricultural diversification, (ii) analyze the current agricultural credit situation in Virginia and its effect on farmers' willingness to diversify, and (iii) consider the creation of an agricultural linked deposit program to encourage diversification. The subcommittee was composed of six members: J. Paul Councill, Jr., Glenn B. McClanan, and Mitchell Van Yahres, from the House Committee on Agriculture; Frank W. Nolen, and William A. Truban from the Senate Committee on Agriculture, Conservation and Natural Resources; and S. Mason Carbaugh, Commissioner of the Department of Agriculture and Consumer Services.