Banker criticizes ag secretary’s pork plan

An Iowa bank official says pork producers in the statewill NOT benefit from most of the bailout plans under consideration by statelaeaders. Norwest Bank vice president Thomas Ricke (ricky) testified beforelawmakers Monday. He criticized the state Ag Secretary’s idea to use10-million dollars of state money to “buy down” interest rates on porkproducers’ loans. He says one or two percentage points WON’T make enough ofa difference.