From Where We THE FUTURE FARMER OF AMERICA He believes first of all that he lives in the greatest country in the world, and he willingly accepts his share of responsibility for keeping it great. He believes in working for what he gets and he feels that he is entitled to receive a just reward for what he produces He detests begging and wants no handouts nor gratuities, He is self reliant, but at the same time cooperative and willing to help others. He is not afraid because he depends upon himself and he has faith in his initiative and ambition. Fear seldom finds a foothold in an active free thinking mind. He respects the rights of others and he expects others to respect his rights. If his rights are threatened, he is not afraid to fight, He has honest pride in his Chapter, pride in his accomplishments and pride in the success he has won Above all he is proud to be an American. Shop For Credit: The Money You Save Will Be Your Own! “A farmer can no longer stay in business on the basis of 'hard work, willingness and honesty. He must have ability in financial management as well as farming.” Those words were written , probably prior to 1957 in University of Rhode Island Extension Service Bulletin No. 175. Automation as we know it today was an infant at that time; therefore, considering the costs of mechanical farm hands and the larger sums farmers deal with today, that ad vice becomes even more meaningful. Capital in modern farming is more and more frequently being substituted for labor with the aim of increased effi ciency. There are four ways a farmer can get capital to invest in his busi ness: (1) by gift or inheritance; (2) save from earnings; (3) marry it; or, (4) bor row it. We’re talking here only about the latter method. Regardless, of the source of credit local hanks, Production Credit Assn., credit unions, life insurance companies, FHA or suppliers the borrower should be aware of the cost of that credit, and he should shop for money just as he would for merchandise. In discussing shopping for credit we’re omitting, but not ignoring, the important decision that should precede that step determining whether, and by how much, the added capital will increase your net income The experts caution, “added debt is usually sound only if the loan will enable you to make more money with it than you could without it ” That can be determined, or at least estimated, by budgeting your added costs and anticipated returns over the years during which the added capi tal investment will be used. Interest rates are expressed in many, and often confusing, ways. There is simple interest, interest paid in ad vance; interest calculated on the month ly, or annual, unpaid balance; interest stated as a discount rate with the prin cipal to be paid at the end of the loan period; and a method that is becoming increasingly popular with lenders, the add-on, installment typ.e Space here is too limited for a detailed discussion of these many meth ods of interest calculation, but the bulle tin mentioned above, or an updated version, can be obtained from the Univ. Lancaster Farming Lancaster County’s Own Farm Weekly P. O. Box 266 - Lititz, Pa. Offices: 22 B Mam St. Lititz, Pa, Phone - Lancaster 394-3047 or Lititz 626-219 1 Don Timmons, Editor Robert G. Campbell, Adver tising Director Stand;.. AS I KNOW HIM . . . . Raymond C. Firestone President THE FIRESTONE TIRE & RUBBER COMPANY of R. I. at Kingston, R I. Literature on this subject may also be available through the county agent’s office. Cost of credit exists in two forms: as a dollar cost, and as' a percentage cost. For example, you may be borrow ing a small amount of money at a rela tively high rate of interest, but your cost may be low in terms of dollars be cause of the small sum borrowed. In a recent issue of Keynotes, a publication of the Pennsylvania Credit Union Assn, i an example was given of an installment loan. It was suggested that dollar cost of credit could be determined in a few simple steps: (1) add all the costs in volved down payment and total monthly payments; (2) subtract the price of what you are buying; (3) the difference will be your dollar cost of credit. Example: a refrigerator costs $3OO and can be paid for by making a $l2 down payment and 18 monthly pay ments of $17.92 each. If you add the $l2 down payment to the total monthly pay ments (18 X $17.92) you get a total cost of $334.56. Then, subtracting the cash cost of the refrigerator ($300), you have a dollar cost of credit of $34 56. To figure the percentage credit cost we pass on a formula learned in a farm management class once upon a time Actual Annual Rate Of Interest equals ‘ Tot. Cost X # Payments of credit in 1 year Vi amount Tot. # X Payments Plus 1 i Total cost of credit is the difference between the face value of the note and the amount of money actually received for your use) received Using the refrigerator example above, we can substitute in the formula and find the true annual rate of in terest: $34.56 (tot. cost X 12 (# payments credit) in 1 year) $l5O {Vz cash 19 (tot # pay value of refrig.) X merits, plus 1) equals 414.72 equals 14.6 percent true annua] rate of interest. 2850 This handy formula can be used with practically any method of charging interest, and may be helpful in deter mining your true costs when shopping for money. What Do YOU Think? The Reader Speaks . . . Lancaster Farming Gentlemen: I have moved to Lubbock, Texas, with the DeKalb Agri eultmal Association. Inc. and Established November 4, 1955. Published every Satur day by Lancaster-Farmmg. Lit t Pa Second Class Postage paid at Lititz, Pa and at additional isfesassssa therefore request that you stop my subscription to the Lancaster Farming. I enjoyed receiving your paper during my two years in living at York, Pa Your paper does a wonderful iob in seivmg the farm people of the Garden Spot Lubbock, Texas, is in the heart of the niigated cotton and sorghum area of the High (Continued on Page 5) What Christ Means Lesson for February 21, 1965 ' meets the modem eye. Messiah B«ckcround Scrlptnn: Matthew 18. 4 S ■ word Without meaning t® Devotional Jteadinc: Philippian* 2:1-11, 18 * " ora “ most men on the street. Christ TTNDER THE spreading shade has come to be a proper name. trees of a little mountain Most persons do not realize that resort called Caesarea Philippi, a when Peter said. You are the conversation occurred which has Christ (or You tire the Messiah had echoes and raised questions they mean the same) he was as for a good nineteen centuries, good as saying: You are not in The two men in the conversation any. class of mankind. There is ere Jesus of no one, absolutely no one, in the izareth and his same class as yourself. There ;out friend have been other healers, other imon Peter, Ac- teachers, other preachers; but no tally Peter was other Messiah, Once in history, nickname, and once an( * never again, once ami was during this never before; once the Messiah mversation that “? es - * bere b . e , n ° -us ff ave hi? This 18 the center of huiflan his* riend the name ***• s ° the Ci ?f J)r.Foreman Peter. He hadfff bas Slste L“ l i'f° T i c .,= been born Bar-Jonas,the same as labe ?> ciassify orpigeonhole Jesus our Johnson; Jesus gave him a He m a prophet, yet Cm he «ud) nyne which like all nicknames ™r e th an a prophet He was and gives an impression of the person, f a , way L S what he is like. What did Jesus that we can say about him ‘ say to Peter? What did Peter say At least this! to Jesus? And more important, But can’t we say more than what did Jesus and Peter mean this? Must we call Jesus only a hy what they said to each other? p i us .x, a mysterious additive to Protestants think one way about or( ji nar y humanity? Mystery he these questions, Boman Catholics m ay he; but there are some things another. Still, we are agreed on we can say “Messiah” means even one point. We see eye to eye though his full meaning eludes about what Peter said and meant. us . At least this: He speaks with The question the authority of God; he is the So let us stick to Simon Peter’s answer to, the question which Tcoiio aclrpfl Tp<sii<! an-nrnvori as *® a ®» God in man, he IS WnaC S. a ™' wants us to know ot him- Peter s a fJ® w > ?deed assured Alongside, this, there shines the probably astonished manthat “ 4’ his answer was the rieht one another meaning in the’ Simple title “Christ.” The name; in the* S Testament always. had the mtoSTS he was nleased to SQUnd - of Victory; God’s, victory surprised an ne- was. pleased to would at last he' won. by- tha think that for once he was right Eu rw;♦« twc *— the first time. Jesus started by Christians to this.da3y)er* 1,. heve that the great war between* asking who people thought he G d and evil wild not.be a draw; was. Jesus, knew he would strike ch ■ t “ m v it e . jt* str ueele people, ttwghM people, as hav-g^g mg more depths in his nature- O o G . . than could be seen with the naked: 0 eye. The simply answer: “People -(Based, on- outlines. <-oPTririited.by the Vnnw mmr name ic T«nc and tlivision of Christian Education; N«tional Know your name is Jesus ana council or the Chucche* ot chmt intho that you came from Nazareth; v, s. a. xcieasca by Community rxesa why shouldyou ask?” Jesus didn’t s “ vlce-) mean that; He meant: Whom do, I remind people of? Who is, so to speak, my spiritual twin brother? Jesus was not content with ask- Now Is The Time . . . To Plan For Forage Supply Many livestock producers have increased the number of cows or steers earned in their farm operation In many cases the farm is not large enough to produce all of the gram and loughage needed However, it is impor tant to produce the amount of hay and silage that is needed. Many successful dairymen are concentrating on producing a maximum amount of top quality hay and silage on the farm, even though larger amounts of grain and protein may be purchased. l To Maintain Proper Soil Acidity On most of our county soils some lime may be needed every 4 to 6 years; this will vary according to soils, fertilizer applications, MAX SMITH and crops removed For most farm crops a pH of 6.4 to 6 8 is desired For legumes a neutral'soil (pH of. 7.0) is desired. This is the reason that soils should be tested every rotation in order to keep the pH at the proper level More value from commer cial fertilizers will be realized with proper soil acidity. To Eliminate Rodents 1 stations as soon as- possible. Some farmers may think To Prepare Farm M*chi»ery that it costs too much to buy The good farm, manager no rat poisons to kill rats and doubt has already gone over mice. We maintain that it most of his farm. ma,dtinery costs too much to put up with and has it in good shape for them. Spring weather will soon the 1965 season. However, if be here and these rodents will this has been negteatotk we migrate to the fields and re- urge farmers to, give thasfflorae produce during the sutnmer; attention before the day, that next fall we will have a heavi- you want to use it. The,, farm er population of them. We machinery service man will urge every land owner to also be able to do a better make a special effort to elim- job if you give him ample mate every rat and mouse time on- the work. Rust con now and prevent greater loss- tinues to be the No. 1 enemy es from them. They are dan- o£ farm machinery a nd gerous to have around and ... , should be exterminated. Elim- therefore, a coat of paint will inate breeding .places and hel P stretch the life of this place a number of poison bait big investment. jd, of, mcooi m or imiah or. even. John the Bap« . (who alio wu dead). Jeius ide no remark about' the' peo* ie’e opiniona. He brought the question down to ground level: Who do YOU aay I am? That’* what counts. Jesua did not. want to be a question-mark only. Can Jesus be classified? Peter’s answer said more than
Significant historical Pennsylvania newspapers