—Lancaster Farming, Saturday, July 3,1971
12
Pa. Marketers Discuss
At the recent meeting of the
Pennsylvania Egg Marketing
Association, President Sam
Berenson, who had just return
ed from Italy, reported that
some response had been receiv
ed from Congressmen from
Pennsylvania and all indicated
that there is no chance of an
extension on the provisions of
the Egg Products Act that goes
into effect July 1, 1971.
He stated that a strong hard
ship will fall upon many in
shell egg .marketing because
there will only be six plants in
operation in Pennsylvania He
said that preparations should
be made in advance regarding
the shell egg provisions due to
go into effect July 1, 1972 “We
must not wait until the last
minute if we wish to protect our
industry,” he said
Earl Hess appointed a com-
Allison Joins Pennfield
Alvin C. Allison has joined
Pennfield Corporation as Vice
President of Marketing and Dis
tribution, a new corporate office.
He is lesponsible for all mar
keting and distribution activities
of the company, as well as for
devloping new areas of business
and acquisitions
Prior to joining Pennfield, he
was Corporate Vice President
and General Manager of Fair
mount Foods, Inc., a large food
firm. Pennfield manufactures
agricultural and food products
which are distributed in the
northeast United States,
Allison is a native of Min
neapolis where he attended the
University of Minnesota He and
Mrs Allison will reside in Lan
caster
Annual Forest
Flights Begin
District Forester, Patrick
Lantz, Forest District 17 Bureau
of Forestry, recently announced
that the annual insect and
disease surveillance flights have
begun over the forested areas
of Berks, Bucks, Chester, Dela
ware, Lancaster and Montgo
mery Counties.
The aerial flights are de
signed to cover all the forested
areas of the District. Outbreaks
of disease and insect infesta
tions are located and mapped.
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mittee to study the U. S. Stand
ards as they will apply in 1972
The committee is made up of
Sam Berenson, chairman, Varna
Carpenter, Ray Sauder and Tom
Smith.
Regis Puhl, recently appoint
ed chairman of the member
ship committee, stated that he
has a number of ideas which he
will develop with the help of
other members and announce
them at the September meet
ing. Presently he feels that each
member should plan to get an
other member by September.
A report on the egg sandwich
contest indicated that thus far
59 requests have been received
for the winning recipe.
There is some indication that
national check-off legislation
may come with the possibility
of controls later.
Also a report that U. S. nutri
tions were about to recommend
Alvin C. Allison
Later, each mapped area is
checked on the ground by for
esters assigned to the counties
in which the damage is located.
The information is forwarded
to the entomology section in
the Harrisburg office for fur
ther action.
“Forest insects and diseases
account for a greater mortality
and destruction of trees, in
number and value, than do for
est fires. It is extremely im
portant that we do our best to
keep these pests under control,”
Lantz said.
Egg Act and Money Management
only three eggs a week as a
good diet level, but this has
been denied.
The P.E.M.A. vot°d to furnish
$2OO to match $2OO from the
Federation to provide a bro
chure to go with the Flip-Chart
Program of promotion. Tom
Smith was appointed by Earl
Hess to represent the P.E.M.A.
when working with the Depart
ment on the program.
FinanceJManagement
Kermit Birth presented an
excellent explanation of Finan
cial Management.cge said, “In
recent year?”management per
sonnel have been aware of the
need for improved methods of
evaluating the economic worth
of investments. Management is
concerned with the question of
how well alternative courses
of action affect profits.
“But before management can
use various techniques the
crucial problem in business
planning is to predict or fore
cast how costs and revenue will
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vary under each alternative
course of action. This entails
looking in the future because
each alternative is unique in its
effect on costs and returns.”
Birth discussed weaknesses
and strengths of various
methods used for ranking al
ternative decisions such as
urgency, payback period, sim
ple rate of return, net present
value of a future sum of money,
and yield on investment.
He pointed out payback con
siders only time required to re
cover initial investment; it does
not consider economic life of
the investment. It measures li
quidity not profitability.
The disadvantages of the
simple rate of return are simi
lar to that of the payback
method. They do, however, re
quire the same analysis of
changes in costs and yield on
investment techniques require.
Birth pointed out that both
the present value and the yield
of investment techniques con
sider the time value of money.
It considers the compounding
of interest annually.
He concluded by emphasiz
ing the necessity of carefully
evaluating how costs and reve
nues would change for the al
ternative investments and using
net present value or yield of
investment techniques to de
termine contribution to pro
fits.”
Egg Clearing House
Frank Urner and his associ
ate, Mr. Brown, gave a complete
explanation of the Computer
Egg Clearing House system of
buying and selling eggs. The
program is expected to get un
der way in July.
Should anyone desire infor
mation on this program they
may contact Frank Urner in
New York, or Egg Clearing
house Inc., A.I.G. Building, 150
Weldon Parkway, Maryland
Heights, Missouri 63043, phone
314-432-8853.
1
I
E. J. Lawless Jr