—Lancaster Fanning, Saturday, February 12, 1966
6
• Money Tolk
(Continued from Page 1}
dairy or other highly spe
clniized farm enterprise with
« steady source of income
would he required to make
regular payments from milk
or egg sales.
Whipple discussed con
tracts as a form of money
use for the farmer. For ex
ample. Whipple said, if a‘
man wanted to build a lay
ing house for 6.000 birds
and also had to buy the
birds, he would have to tie
up a consideiabie amount of
capital He might wish to re
duce his investment by con
tacting In that case he
would generally be required
to furnish only the building,
equipment and labor. The
contractoi would supply the
birds, feed, medication, etc
"A good contract,” Whip
ple said, ‘‘has to be good tor
both parties Al\va\s examine
it closely to be sure \ou haie
a true contract "
He illustiated a “non
true” conti act as a poultry
an angement wherein the
poultryman might draw a
wage At the end of the con
tiact peuod if sufficient
money wasn’t earned by the
operation to cover the wage,
the pouXrjman has to pay
back some ot the excess
amount he diew as wages
“Alwais examine a con
tract in adiance to be sure
jou can Ine with it when
puces are low as well as
high,” Whipple warned
Contract production is be
coming popular with farm
eis, Whipple said, because it
reduces their investment in
poultiy and livestock He
piedicted this form of oper
ation would become increas
ingly populai as the young
ei generation gets into farm
ing
FHA supei visor Hoover
explained how a farmer can
use the governmental Farm
ers Home Administration as
a ■source o<f ciedit
“FHA does not compete
with pm ate sources of ci Bef
it, ’ Hoovei said “it supple
ments them in that it deals
onh with faimeis who can’t
qualify toi pi irate cieflit ’
To qualify toi an FHA
ROHRER’S
These
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• Cert. Cayuga Alfalfa Clover
• Cert, Buffalo Alfalfa • Pennsylvania Red
• Cert. Du Puits
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• Pennlate Orchard
• Cert. Vernal Alfalfa Grass
• Cert. Narragansett • Viking Trefoil
Alfalfa • Climax Timothy
• Cm-t. Saranac # Cert. Russel Qats
Alfalfa
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Dekalb Corn - - - - SUDAX
Alfalfa & Red Clover available Pie-inoculated
P. L BOHIIEB & BRO.. HC.
SMOKETOWN
• NFU
(Continued from Page 1)
son: and Leon H. -Keyserling,
former chairman of Presi
dent Truman’s Council of
Economic Advisers, and cur
rently president of the Con
ference on Economic Prog
ress.
The convention will also
be highlighted hy the final
address of Janies G. Patton,
A’PU president. Both Patton
and vice-president Glenn Tal
bott are retiring, and dele
gates will ballot to fill these
two top spots in the 64-year
old farm organization.
loan, as tor any other, he
said, the applicant must be
of good character, be experi
enced in his field, and must
haie a reasonable chance for
success through use of the
borrowed capital.
PHA objectives, Hoover
said, aie to assist the fam
ily farmer, both those with
adeciuate-sized operations for
full-fime opeiation, and those
engaged in part-time farming.
He described the variety
of leans PHA has available.
These range from farm op
erating loans to long term
loans for buying farms or
erecting buildings He ex
plained that PHA has also
gone into “rural housing
loans” designed to help rural
non-itarm. as well as farm,
people The service has now
been extended to include
loans to community associa
tions for water development,
p'ollution contiol, sewage and
leereation facilities
“lit is difficult for a young
fella to get into farming to
day.” Hoover said. “It is
practically impossible unless
he has some exceptional as
sistance ”
He cited such instances of
“exceptional assistance” as be
ing able to borrow a very
large percentage of his need
ed capital by having an ex
ceptionally good buy avail
able, or by renting a farm at
a reasonable rate not at
the going inflated rate ot
most leal estate
The session was model at
ed by Ivan Stauffer with in
ti eductions of the speakeis
by school dn ectoi Miles W
Frv
TOP
Clover
Ph. Lane. 397-3539
• County FFA,
(Continued from Page 1)
WeAVer, Garden Spot Ofiap
ter. Other 19G6 officer* are:
Kenneth Rohrer, • Manor
Chapter, vice president; Adam
Zimmerman, Grassland Chap
ter. secretary; Gerald Hess,
Warwick Chapter, correspond
ing secretary; William Frey,
Solanco Chapter, treasurer;
Tom Zartman, Cloister -Chap
ter, reporter; Jay Fisher,
Manheim Chapter, ■ sentinel;
Leon Rutt, Elisabethtown
Chapter, chaplain; 'Roger
Stoltztus, Pequea Chapter,
parliamentarian.
Several committee reports
were made by chairmen, it
■was reported that the vojley.
ball tournament will be held
the neek of February 28, and
the basketball tournament
the week of March 14.
The group voted to estab
lish a committee to set up a
chapter meeting schedule for
the balance of the year. Ger
ald Hess, corresponding sec
retary, was named chairman
of the committee and will be
assisted by the Warwick
Chapter delegates.
Another committee, headed
by William Frey, treasurer,
will audit the chapter books.
He will be assisted by the
Solanco Chapter delegates.
By schools, FPA membeik
receiving the Red Rose De-
gree are
WARWICK ‘
Paul M Brubaker, Ronald
E Kline, Gerald L Hess, J.
William Risser
ELIZABETHTOWN
James E. Sehwanger, Leon
Rutt
PEQUEA VALLEY
•Sanford Hostetter, Roger
Stol.tzfus, Eddie Rohrer, Mar
vin S Weaier.
LAMPETER-STRASBURG
Lloyd Neff, Robert Weaver,
•Marlin Groff, Robert L Har
msh.
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Ben G Noli. Carl Fahne
stock, Jay Fisher, Carl R
Siegnst.
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