Local ag lenders, farmers to testify in Greeley next week

GREELEY – The panel charged with overseeing the Troubled Asset Relief Program — also known as TARP — will be in Greeley next week to hear from local lenders and agricultural community representatives.

The Congressional Oversight Panel will hold a field hearing on July 7 to learn about the commercial farm credit market. The Helping Families Save Their Homes Act of 2009 requires the COP to issue a report analyzing commercial farm credit and use of TARP funds to restructure loans. The report is slated for release on July 21.

A panel of witnesses to testify at the hearing include:

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• Mike Flesher, executive vice president for Farm Credit Services of the Mountain Plains;
• Bryan Cook, farm loan manager for Weld County Farm Service Agency;
• Lonnie Ochsner, senior vice president at New West Bank;
• Marc Arnusch, owner of Marc Arnusch Farms; and
• Les Hardesty, owner of Cozy Cow Dairy and chairman of the Dairy Farmers of America Mountain Area Council.

The field hearing will be held on Tuesday at 10 a.m. at the Weld County Centennial Center, 915 10th Ave. in Greeley.