Thank you, Mr. Chair, and I want to thank everyone for being here today.
I have a couple of specific questions. One of them concerns the cash advance for livestock. This was raised by a constituent of mine, so I just wanted to get some information on it.
The information is that the program money comes off any of the cash advances. It's my understanding that does not happen with grain, and my constituent was asking why that is. When the cash advance program takes inventory as collateral, why do they then also take the program money and apply it back against that advance, particularly in a time when producers are having a tough go of it?
I also want to follow up on that after I have an answer.