11,737

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draft of the committee there are many loopholes in it,

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there are a lot of young farmers who cannot own land them-

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selves and will have to depend on older farmers to rent

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them their farm.

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Those people who I define as farmers are retired

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people. They had "farms themselves. Under this, that farm

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would not classify. While there was a bona fide farm

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operation, sure the speculators get a deduction if they have

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a loss on their farm and can carry it. They would be just

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as bona fide as this retired farmer who is not farming and

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is using his investment to be farmed by a bona fide farmer,

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and therefore I would urge the delegates to defeat this

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amendment.

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THE PRESIDENT: Delegate Linton.

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DELEGATE LINTON: Mr. President, is an amendment

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to the amendment in order at this time?

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THE PRESIDENT: I don't know. What is the

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nature of the amendment?

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DELEGATE LINTON: I would propose that we use

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the language that Delegate Hanson has: "which classes

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shall include property operated as farms as defined by the