O Tax Break allowed, or $235. However, the
(Continued from Page 1) tractor wasn’t large enough,
so in 1986 he traded it for a
iix years, so he claimed two- larger one, investing an adtli
birds of the investment credit t j ona i 54500
s:
t
WEEK AFTER WEEK - - MONTH AFTER MONTH - -
More and More Milk Producers Are Taking Advantage Of It.
Results Are Speaking For Themselves.
If you haven't 1 tried our GREEN PASTURES DAIRY FEEDS, give us a call and one of our
Dairy Specialists will stop and explain the program to you.
He'll give you an honest appraisal of the results you con reasonably expect.
4ft
</l * STOO^*
> Miller & Bushong, Inc.
Ph. Lancaster 392-2145
If You Can’t
Afford To Cartef
Your Bam .. *
Use
MARTIN’S
BfIRN-DRS!
• KtM* tan Jim anrf unitary
• Swaaltna lha sal
• Raaluui slippint
NAM H. MARTIN, INC.
Ilia Ml, ft.
Gap 4424148
Terre Hill 445-3453
New Holland 354-2112
Rohrerstown, Po.
Now his taxes arc doubly
complicated, McAllister points
out. Since he owned the trac
tor for four years, the farmer
qualifies for only one-third of
the total investment credit—
not the two-thirds he claimed
Therefore, on the 1986 tax re
port he must pay back half of
the investment credit he
claimed, or $ll7 50 A special
line, 14b. has been added to
the 1040 foim for (his pur
pose
The fannei's second piohlcm
is to deteimme the basis foi
figuring investment credit on
the new, larger ti actor he
bought The ba=is for this ci ed
it is the amount he paid over
and above the trade value of
the original tractoi (in this
case, $4,500) plus the unde
pieciated value remaining on
the old tractor Since there
were two yeais remaining of
the six-year life or one
thud of the original $5OOO
tractor, this remaining value
is $1367 The basis for detei-
Green Pastures
Dairy Program
(Area Code 717)
''Finest Service Anywhere"
Lancaster Farming, Saturday, February 11, 1967
• Crops & Soils
(Continued from Page 1)
bushels and plant population
averaged 20.700 per acre, Lueck
noted.
SOYBEAN REPORT
Leading oil the ail-day pio-
inining investment ciedil on
the new ti actor would be the
sum of $4,500 and $1067, or
$6187
If the life ol this new Uacloi
is six veais, the fannei could
claim two thuds of the full
seven percent investment cred
it allowance This ciedit—s2B7
in this example—would be le
ported on form 3468 and the
tax ciedit transferred to foim
1040, line 13
Take advantage of invest
ment credit, McAllister ad
vises. It may seem complicat
ed, but each dollar of (ax
credit is a dollar of tax you
don’t have to pay.
The
Is Really
Working!
gram Friday was John Yocum,
superintendent of the Field
Research Laboratory near
Landisvillc Yocum reported on
soybeans as a possible crop
for Lancaster County. Me re
lated yield data on 13 varieties
which wen* tested for a three
year period, and stressed the
lact that if area fanners could
obtain yields ol 40 bushels per
acie, soybeans could veiy like
ly compete with com as a
piolilable ci op
"It a taimei doesn’t need all
Ins land for feed production
for his livestock there may
well be a place lor soybeans
in the lotation,’’ Yocum said.
He added that soybeans are
more adaptable to dry condi
tions than corn, lor example,
and could possibly be planted
after barley was harvested, in
stead of leaving land idle Yo
cum also noted that the costs
of raising soybeans are general
ly less than those of com.
Other speakers on the pro
gram included. George Bergg
ren, agronomist. James Eakin,
chairman agronomy extension
section, Clarence Bryner, ag
ronomist. and Larry Click,
agricultural engineer. With the
exception of Lueck and Yocum,
the speakers were all fiom
Penn State University
FARMER PRICE LEVELS
STEADY IN JANUARY
HARRISBURG Price lev
els remained steady foi Penn
sylvania farmeis dining Janu
ary The ci op portion of the
January index of prices re
ceived wa» pushed upward by
inci eases in fuut and vege
table income Howevei, this
was offset bv a decline in the
livestock and livestock prod
ucts index resulting horn low
er dauy and poultiy prices.
Although meat animal prices
were geneially higher, hog
prices continued their down-
(Continued on Page 9)
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TOBACCO
MUSLIN
W. L. ZIMMERMAN
& SONS
Phone 768-3131
INTERCOURSE, PENN A.
5