WHEREAS, to show their appreciation for the colony's success and to take stock and give thanks for their own gifts and blessings, and in spite of tremendous adversity, the settlers in Virginia found time to celebrate the first Thanksgiving in America at Berkeley Plantation on December 4, 1619; and
Congressman Morgan Griffith (R-VA) today joined a crowd of coal miners and other friends of coal at the Stand Up for American Energy Jobs Rally on the west side of the U.S. Capitol Building. Griffith was one of many lawmakers to address the rally. An excerpt from his remarks:
"Several years ago, the President said, ‘When I was asked earlier about the issue of coal, you know, under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I'm capping greenhouse gases, coal power plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.'
The Land Contract (LC) Guarantee Program is a valuable tool to transfer farm real estate to the next generation of farmers and ranchers. Guarantees will be offered to the owner of a farm who wishes to sell real estate through a land contract to a beginning or socially disadvantaged farmer or rancher. The guarantee reduces the financial risk to the seller. FSA offers two types of guarantees:
Prompt Payment Guarantee - A guarantee up to the amount of three amortized annual installments plus the cost of any related real estate taxes and insurance.
Standard Guarantee - A guarantee of 90 percent of the outstanding principal balance under the land contract. The guarantee period is 10 years and the contract payments must be amortized for a minimum of 20 years.
The purchase price of the farm cannot exceed the lesser of $500,000 or the market value of the property. For additional information you can read the Land Contract Guarantee Program Fact Sheet.