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1252370
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6/16/75 - Signing Statement for the Emergency Livestock Credit Act of 1974
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1252370
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document
title
6/16/75 - Signing Statement for the Emergency Livestock Credit Act of 1974
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President's Speeches and Statements Reading Copies (Ford Administration)
Reading Copies of Presidential Speeches and Statements
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Livestock
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Legislation
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1252370
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16
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1975-06-16
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6
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1975
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16
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1975-06-16
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6
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1975
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The original documents are located in Box 10, folder "6/16/75 - Signing Statement for the
Emergency Livestock Credit Act of 1974" of the President's Speeches and Statements:
Reading Copies at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 10 of President's Speeches and Statements: Reading Copies at the Gerald R. Ford Presidential Library
SIGNING STATEMENT
FOR
THE EMERGENCY LIVESTOCK CREDIT ACT OF 1974
JUNE 16, 1975
- I -
I AM PLEASED TO SIGN INTO LAW TODAY S. 1236,
EXTENDING AND AMENDING THE EMERGENCY LIVESTOCK CREDIT ACT OF
1974, WHICH WAS DUE TO EXPIRE ON JULY 25, 1975.
THIS ACT
WILL CONTINUE IN MODIFIED FORM UNTIL THE END OF 1976 THE PERIOD
WITHIN WHICH LIVESTOCK PRODUCERS CAN OBTAIN GUARANTEED
FINANCING FROM OUR PRIVATE SECTOR.
- 2 -
ALTHOUGH LIVESTOCK PRODUCERS ARE JUST NOW
BEGINNING TO RECOVER FROM A SERIOUS COST-PRICE SQUEEZE,
THEY HAVE BEEN GOING THROUGH VERY TROUBLED TIMES FINANCIALLY.
FARMERS AND RANCHERS, ESPECIALLY THOSE WHO RAISE BEEF
CATTLE, HAVE BEEN HARD HIT BY LIVESTOCK PRICES WHICH HAVE
FAILED TO KEEP PACE WITH RISING COSTS OF FEED AND OTHER ITEMS.
- 3 -
A CUTBACK IN THE SUPPLY OF LIVESTOCK WOULD, OF
COURSE, RUN CONTRARY TO THE LONG-TERM INTERESTS OF THE
AMERICAN CONSUMER.
TO AVOID THIS AND TO PROVIDE NEEDED
RELIEF TO OUR FARMERS AND RANCHERS, THE EMERGENCY LIVESTOCK
CREDIT ACT WAS ENACTED IN 1974.
- 4 -
THE BILL I AM SIGNING TODAY NOT ONLY EXTENDS THIS
LAW BUT EXPANDS IT IN THE LIGHT OF THE EXPERIENCE WE HAVE GAINED.
I AM CONFIDENT THAT, WITH THIS ASSISTANCE, THE
LIVESTOCK INDUSTRY WILL CONTINUE ITS PROGRESS TOWARD ECONOMIC
HEALTH, THUS BENEFITING PRODUCERS AND CONSUMERS ALIKE.
END OF TEXT