Says Farming Good Investment
Banks Urged
Agiiculturc is hero to slay
Its capacity foi meeting the
food and fiber needs of this
nation and of the world is un
limited, according to 0 E
Anderson, executive managei
of the Ohio Banker Association
Anderson told those attend
ing the annual Delaware Bank
ers Agricultural Forum at the
University of Delaware that the
best farmers and the best agn
Start raising more and better Calves
the Easy NURS-ETTE way
No moie canymg pails of waim water or hand mixing
milk replacer Just fill the hoppei of the NURS ETTE with
milk replacer and the NURS-ETTE will mix milk icplacer
and waim watei and keep it waim until calf muses the mix
(appiox 14 oz )
Then it will mix a fresh batch of water and replacer.
For more information contact
YOUNG BROS.
NURS-ETTE SALES AND SERVICE
Ph. 717-548-2462
Peach Bottom, R.D 1, Pa. 17563
the FUTURE is HERE with
REX
SELF-UNLOADING
t forage box BY
,v, "3 y LOCKE, N.Y.
FUTURE
THE BOX DESIGNED WITH THE A FARMER IN MIND
SIMPLE ... SMOOTH ~.
Worm Driven NO RATCHET
Main Apron
Worm Diiven
Beateis SAFE . . .
FINGER FORCED
STRONG ... FEEDING
Built with Good /"pfels” OFF THE LOAD)
N YoikOak
NO AUGER - NO
For
Smooth, Easy, Trouble Free
Handling Of Heavy Loads
Complete 14 foot box (16 foot overall) 2
beater 54" high, 7 ft wide inside
Reieise and Swinging Tailgate loi Bale Thiower
595 00 ext i a
Right oi Left Hand unloadei available
$1095. F. 0.8. Locke, N.Y.
KINZER EQUIP. CO.
I Your Equipment Center in Lancaster County
Box 23, Kinzer, Pa, Phone 442-4186
f Phone 768-8916
businessmen will achieve a
scale and method of production
that will enable them to make
a piofil undei almost any con
dition
On the other hand, the sub
marginal farmer is and always
will be more of a social prob
lem than an economic one, he
added The success or failure of
his operation is not based upon
RATCHET
to Consider Farmers
oppoi (unity but
gciial skill 01 I-
upon his mana
ick of it
The banker who docs not
iccogni/.e the difference be
tween these two opeialors and
the economic potential they
lepiesent in terms of bank
loans and deposits has pro
bably taken icfuge in some se
cure, arm mt of his own mak
ing, Anderson stressed. A rut
in which he can pass the time
as under-capitalized farm im
plement dealers move in and
out of inadequate facilities on
the edge of town and the young
men and women of the com
Lancaster Farming. Saturday. July 18. 1970
munily migiale to the big
cities.
In the laigei. big citv banks.
Anderson said llicic aie many
specialized jobs located on
deadend stieets In a smallei
rural area, the choice of “mink
lined” ruts may not be as large,
but theie’s still a choice and
most of them are based on the
theory that what was good
enough in the ’3o’s and ’4o’s
will be good enough in the '7o’s
If a bankei wants to preserve
his comfortable rut, he better
not hire a farm credit specia
list, emphasized Andeison "If
you do. xour bank max get the
leput.ilion of being the fanners’
fiicnd and farmers will be com
ing in expecting you to handle
then credit needs"
"Howexer. if vou make the
mistake of hiring a faim field
man. you can rectify that pretty
quickly by gradually bringing
him into the bank and assigning
him to general operations and
commeicial loans ”
Anderson also suggested that
bankei s in a rut concentrate
most of their attention on in
stallment loans for new car
purchases lathei than worrying
about agricultural loans
"Not only is the mtei est rale
comfoitably high on such lines
of ci edit, but you can be a
leal expeit on nidging your col
late! al because you too, can
buy a new cai each veai Fur
theimoie when vou icpossess
a cai vou can get iid of it a lot
easiei than a hay diyer or com
bine But the nicest thing
about that kind of lending is
that you don t ha\e to leave
youi desk, especially when the
weathei is bad” said Andeison
Statistics icveal that many
commeicial banks maintain yust
this type of philosophy he add
ed In 1969, commeicial banks
held less than SlO billion of
the 525 billion in total farm
credit outstanding for pi educ
tion purposes, and less than $4
billion of the $27 billion of
faim real estate moitgages
In addition, although banks
mci eased then volume of pro
duction loans by 134 per cent in
the last 10 years, Pioduction
Credit Associations have in
creased then share by 243 per
cent and merchants, dealers,
finance companies and other
lenders have gained 180 per
cent ovei the same period Only
the Federal Intel mediate Cred
it Banks and the Fai mei s Home
Administiation have increased
then total at a slowei late than
commercial banks
FARM WOMEN
SOCIETIES
Society 7
Miss J Elene Heiss, diiector
of Elene’s School of Chaim and
Self-Improvement, was the mam
speakei iccently at a salad
luncheon meeting of the Lancas
tei County Faun Women’s So
ciety 7
The luncheon, held at the
home of Mis John Denlmger,
16 Meadow Lane, Smoketown,
honoied the county officeis of
the Faim Society Mis Haiold
Eby, president, was in charge
A picnic will be held Aug 5
at Lampetei Paik foi all county
membeis and then families The
picnic will be henl in connection
with the bi-monihh county boaid
meeting
Also, the Faim women will
have a food stand at the flea
maiket to be held at the Paia
dise Memonal Paik, Sept 5
The next meeting will be held
Sept 12 at the home of Mrs
Ethel Rice, of Paiadise Lancas
tei City Police Detective Luther
Hemy will speak on the diug
pi oblem
*£SPOMS£
WM
27