—Lancaster Farming, Saturday, June 12, 1965 16 Leasing May Be Important Tool In Money Management Specialist Says Financial management is a that has worked quite well business term that is being for some formers, jppiied more and more to In explaining how long agiiculture. Successful farm- term .financial leases work, ei -businessmen are finding McAllister says the farmer that thoiough knowledge of who is leasing makes regular the principles of financial payments for the use of an management can be more im- item for a specific period of portanl to their farming op- time The peuod is usually eiations than basic farm shorter than the expected life know-how. of the equipment or building Financial management is and shorter than the period more than keeping the bills over which the purchase could paid and meeting the annual be financed with a mortgage, obligation on the mortgage. At the end of the leasing \V. T. McAllister, farm man rgement specialist at the Uni versity of Delawaie defines it rs getting control of enough capital, land, and the other necessities of pioduction to rssuie successful competition with other farmeis Next, he says it is using available cap ital in the most productive way McAllister cites this exam ple of a faimer who has an extra $1 000 and is faced with the choice of applying it on the faim moitgage, or putting it into some income pi oducing enterprise By pay ing on the mortgage he gams p gi eater equity m the farm, and he saves $5O-S6O annually in inteiest chaiges But in vesting the SlOOO in the light jncome pi oducing project might vield a leturn many times this amount One way faimcis can gam control over moie capital is thiough financial leasing the use without ownership of taim buildings and equip ment This is a new develop ment in agncultmal planning USDA To Offer Summer Jobs To Youths 16 To 21 The U S Depaitment of Aigucultuie announced that H will hue “at least 1,150” ■boys and gnls foi the sum mer to piovide them with jobs and work expenenee, as ■ equested by Piesident John son in his Youth Opportun ity Piogiam 'Secietaiy of Agucultme Oiville L Fieeman said USiDA agencies aie to contact their local Slate Employment Se an ity Offices and begin hn mg immediately All positions aie to be filled “as early this month as possible ” The President has called on both public and private agen cies to piovide at least 500- 000 jobs this summer for boys and girls 16 to 21 yeais old jobs over and above any summei hiung that had been planned earliei Secietaiy Fieeman said prefeience will be given those “who need jobs the most because of educational 01 economic disadvantages” He said every consideration should be given to oppoitun ity foi equal employment ‘ie gaidless of race, creed, or coloi ” ‘ The goal is to keep boys and gnls who aie out of school foi the summei off the streets; to piovide those who need money to icturn to school this fall an oppoi tun ny to earn it, and to give woik experience to those who aie entenng the jab mar ket ” Mi Freeman said Boys and girls 16 to 21 cears old who would like to work foi the summer should sign up for 3obs at their lo cal State Employment Secui- <4 sa 100V.BS.NEI |||\ H \ a , , ui-CAi- o \ pl*b^« eo * \ g | \ ca , r ,«de protein 35 \ \ ft seed X I a i \B IfH-, f s ° \ >3 \ \"4 Ga^e^ lo1 * 5503 ndatc, 5* «t \ S sssrsss. i 1 Salt. Vto A-1- 0 f. v-eas Itt c * K&SS4 w>*SS» •*■*• 1H S3sBo____ Available Only Through The Contact Them For The New PARADISE SUPPLY Faradise period, the lease may be con* tinned nt a nominal rate, the farmer may buy the item for a specified amount, or the leased property may revert to the owner. The economist cites thesd advantages of financial leas ing: 1 It is 100 percent fi nancing with all cost includ ed in a package. 2 It conserves cash and protects other lines of credit. 3 It avoids tying up capital from which higher in come may be earned. 4 It may provide income tax advantages. 5 It enables the aggres sive farmer to expand his 4r 687-6292 CLEM E. HOOBER 768-3431 Intercourse business mors rapidly than Study a Isats contrast he could through convention- before signing It al financing methods. 'and consult a lawyer and a Farmers who consider leas- competent tax adviser before ing should realize that it is a making a decision, McAllister high-cost financing method, advises. McAllister says. This higher 1 cost may be justified since PEANUTS TOP POTATOES the leasor assumes more risk _ . , . than a mortgage holder. But “ or * experience to date suggests Potatoes in the United thaf it is not a good method es ‘ for a farmer who is already * n 1964, potatoes were in a poor financial position. 6 rown on 1,347,000 acres; He suggests that before Peanuts on 1,515,000 acres, leasing, a farmer should The P o^o acreage last study {he lease in terms of year, was the nation’s sm'all his own farming situation. since 1667, according te Compare the lease payments with principal and interest * * . * .* payments under alternative Sixteen million dairy cows methods of financing. reported in UJS. this year, lowest number in 65 years. QUESTION WIRTHMORE'S TOP SELLING DAIRY FEED? EXPLANATION: A. MOLASSES COATED PELLETS - To provide extra palatability for those cows with poor appetites. B. TOP QUALITY - Only the finest sources of protein supplements and whole grains. C. ECONOMICALLY PRICED - Because'of its large volume - accepted by dairy farmers everywhere. D, CONTAINS VITAMINS A & D - Conplete re- quirements for better breeding efficiency, repro- duction and growth of a dairy cow. E, HIGH IN ENERGY - Because of its ease of digestibility and quality ingredients. Following Dealers. Low Bulk Price. J. K. STAUFFER & SON Lawn and Bellaire 665-3121 - 367-2321 jyi*mwre -WHY IS 16 HI-CAL PELLETS TRY 16 HE-CAL NO¥j* YOU«IL AGREE,