April 4, 2001

Mr. CONRAD. Mr. President, in response to my colleague from New Hampshire, when he uses the figure of 200 percent in North Dakota, what he is taking is a year in which there were two emergency packages paid in the same year: one for the previous year, one for the current year. So it is not an accurate picture of what is occurring.

The Senator is right that agricultural spending has increased. It has increased in response to a crisis. It has increased in response to the lowest farm prices, in real terms, in 75 years.

I put up the chart that shows what has happened to farm prices. They have gone straight down since the last farm bill has passed and the prices that farmers pay have escalated, escalated, escalated, creating a huge gap between the prices they pay and the prices they receive. If we do not respond, we will see tens of thousands of farmers forced off the land.

Talking about a value question, this is a value question. It has nothing to do with our farmers doing something wrong or being somehow incapable of competing. But they are up against the hard reality of what the Europeans are doing. The Europeans are outgunning us 30 to 1 on export support for agriculture--30 to 1. On support to individual producers they are outgunning us almost 10 to 1. That is the reality of what we confront here.

The Senator from New Hampshire can say ``tough luck, you are all down the road here,'' but I do not think that is the response of the American people. I think the American people say if this is what our competitors are doing, we ought to fight back. We ought to level the playing field. We ought to give our farmers a fair, fighting chance.

I know there are other Senators waiting for time. How much time does the Senator from Iowa need?