VI -Lancaster Farmings Saturday. August 16.1969
Farmers Will Lose Right To Run
Own Business, Co-op Leader Says
Fanners will lose another
measure of the right to say how
their own business is to be i un,
unless the House-passed tax re
jioim bill is amended by the
Senate.
That's the opinion of a farm
business leader, Kenneth D. Na
tion, executive vice president of
the National Council of Farmer
Cooperatives Naden referred to
;i little-publicized section tacked
unto the tax bill during final
delibeiations by the House
Wavs and Means Committee.
The pioposal would dictate
the amount of a coopeiative’s
earnings that must be returned
to a faimei in cash each year.
Xt also would state when the re
maining pationage icfund cer
tificates must be redeemed Re
funds not paid in accordance
with the new lequuements
would be subjected to a cin
rent coipoiate federal income
tax I
‘Aside fiom laising havoc
with the financing plans of
many small farmer coopera
ftives, the bill breaks new
/■pound in permitting govern
ment to set policies that oidin
auly aie entrusted to a faimei
ftlected boaid of directors,”
Waden declaied
Ovei the years, farmers
have agreed to take only
pait ol then annual share
of eamings in cash, de
ferring the rest to provide work
ing capital for the cooperative
This gave them considerable
equity in the business, without
taking any money out of their
pocket It was an expression of
Opportunities
For Volunteers
Volunteei woik can piovide
the change ot pace a homemakei
mav need fiom hei daily loutine,
accoidmg to William M Smith,
Ji extension specialist in uual
sociology at The Pennsylvania
State Umveisity
Homemakei s volunteei then
seivices foi many different lea
sons and can choose fiom jobs
that lange from donating money
to self-commitment and long
houis of woik
A. homemaker can be a 4-H
or scout leadei 01 woik with'
othei youth gioups, be a hospi
tal visitoi, help eldeily citizens
adjust, tutor young people, or
teach a foods class foi newly
marneds If she enjoys paint
ing she might choose to volun
teei her talent in training in
terested adults and young
ai lists.
Not only does volunteer work
offer a legitimate service for
someone in need, but also it can
piovide a meeting ground for
peisons with similar inteiests,
f)i Smith says
What may be volunteer work
tooay for a woman can lead to
a piofessional interest later The
homemakei who enjoys hospital
volunteer woik might decide to
tiam foi a nurses aide 01 a piac
- ical nuise
Many volunteer jobs can be
'lone right at home, reminds Dr.
umith The homemaker, who is
tied down with young children
01 othei responsibilities, might
' onsidei becoming a volunteer
(dler foi a chuich or organiza
tion 01 do emergency baby sit-'
ting
Before she decides to take on
volunteer woik, a homemakei
must be suie she can handle
■ioth the job and hei family She
vi 11 need to set hei own prion-
on what kind of volunteer
aelp she will give, with what
ige gioup, and how much time
s he can devote to the, job, Di
.smith adds.
their belief in the long range
benefits of a strong and healthy
cooperative. They realized too
that a cooperative is the only
type of business that gives them
any patronage refunds cash
or otherwise.
“The Internal Revenue Act of
1962, passed after lengthy hear
ings and debate in both Houses,
supposedly settled the coopera
tive tax issue. It provided that
at least 20 percent of a patron
age refund would be paid in
cash to enable the farmer to pay
income tax on the total amount
allocated to him ”
Late in July, the Ways and
Means Committee departed fiom
its announced agenda on tax re
fem and took up the plan to
impose stiffer rules on coopera
tive financing As finally pass
ed, the bill would requite the
(Red Rose
j DAIRY FEEDS
On pasture .., and in the bam ...
your cows NEED MINERALS!
THESE DEALERS CAN SERVE YOU WITH YOUR NEEDS
Walter Binkley & Son E. Musser Heisey & Son
Litit * R. D. #2, Mt. Joy, Pa.
Brown & Rea, Inc.
Elverson Supply Co.
Elverson
Henry E. Garber
R. D. 1, Elizabethtown, Pa,
L. T, Geib Estate
Manheim
I. B. Graybill & Son
Refton Strasburg
20 percent cash payout to be in
creased by 3 percent a year,
building up to 50 percent after
10 years. It would require the
retained capital to be redeemed
within 15 yeais.
The proposal was included in
a mammoth tax reform bill
passed Thursday by the House.
It reached the floor under a
rule barring amendments and
was passed easily.
Naden concluded: “We are
hopeful that the Senate Finance
Committee will remove the co
op section when they take up
the bill after the August recess
We think they will see that (1)
it is not true tax reform. It will
not bring any more nor any less
revenue to the Treasury, and (2)
it is not a bill to help farmeis.
Ic is opposed by every organiza
tion that represents farmers
“It is a bill sponsored by bus
inessmen who are in competition
with farmer cooperatives Its
aim is to weaken that competi
tion and in doing so, weaken the
maiketmg and bai gaming powei
of farmers
Red Rose Free-Choice Mineral is recommended where there is
heavy use of corn silage. Red Rose Super Mineral is designed for
dairy herds where legume roughage is fed. Be sure include
Red Rose Minerals in your feeding program,
Atgleo
FEED YOUR COWS
the hest yew knew hew!
Red Rose Dairy Feeds . . . and Red Rose Supplements . . .
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Heistond Bros.
Elizabethtown
Red Rose Form
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David B. Hurst
Bowmansville
Martin's Feed Mill, Inc.
K. D. 3, Ephrata, Pa.
Mountville Feed Service
Mountville
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yotrumv£/i
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Musser Farms, fne.
Columbia
Musser's Mill
The Buck
Chas. E. Sauder & Sons
Terre Hill
Ammon E. Shelly
Lititz
E* P. Spotts, Inc.
Honey Brook
H. M. Stauffer & Sons,
Inc.
Witmer
fining