Lancaster farming. (Lancaster, Pa., etc.) 1955-current, March 04, 1972, Image 21

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    WE HAVE MOVED!
THIS IS OVR
WE ARE SET TO SERVE YOU BETTER IN 72
PRODUCTS
Premium Plant Starters
Bulk Blends
Anhydrous Ammonia
Liquid Nitrogen
Limestone
Aatrex-Lasso
Furadan
Complete Pesticides Line
Pro-Sil
Complete Liquid Fertilizer
if f BULK BLENDS ]
J [ ANHYDROUS AMMOMIA J'
2313 NORMAN ROAD
LANCASTER, PA.
WE CAN'T LIST ALL THE "DEALS" WE FEATURED BECAUSE A LOT OF THEM WENT LAST WEEK!
BUT, WE HAVE A NUMBER OF "BUYS" LEFT, PLUS WE'RE
10% DISCOUNT
AT LESS THAN 1972
AT LESS THAN 1971 PRICES
WE PROMISE YOU WE'LL GET TO YOU THIS WEEK WHEN YOU COME IN.
WE’RE WHEELIN’ & DEALIN’ . . .
International Harvester ■
S 3
1054 S. STATE ST. EPHRATA, PA. PHONE 733-2283
STORE HOURS: MONDAY-FRIDAY 8 A.M. TO 10 P.M. SAT. TILL NOON
»■—» <u Pm* {ytr m)
Horseshoe Rd. to Hartman Station
Rd. to Norman Rd. near
Conestoga Valley High School.
SERVICES
Crop & Soil Planning
Soil Tests
Custom Application
Applicator Rental
Trailer Spreaders
Custom Spray Service
Yield Checking
ORGANIC
PLANT
FOOD CO.
Ph; 397-5152
MUUffiBSMtl
HELD OVER - I WEEK
WE APOLOGIZE THAT WE COULDN’T HANDLE ALL THE PEOPLE WHO WANTED TO
TAKE ADVANTAGE OF OUR “SPECIALS” LAST WEEK... WE WERE THAT BUSY!
ON ALL PARTS ITEMS
USED EQUIPMENT BUYS
WHAT'S LEFT IS GOING
TOGO! □
1971 CADETS
Farm Credit
American farmers and their
cooperatives borrowed a record
$14.4 billion through the lending
units of the farm Credit System
during calendar year 1971, ac
cording to figures released
recently by the Farm Credit
Administration. The total
represents a 15.8 per cent in
crease from the $12.4 billion in
borrowings during the previous
year.
Loans outstanding from the
System on December 31, 1971
were $16.3 billion, up 10.2 per cent
from the $14.8 billion of a year
earlier.
Federal Land Banks, the
System’s long-term farm real
estate mortgage lending unit, had
loans outstanding of $7.9 billion,
an increase of 10.2 per cent from
$7.2 billion a year earlier. Loans
made were up 52.9 per cent - to
$1.6 billion from the $l.O billion
made in 1970. The large increase
in loans made represents a
willingness by farmers to return
to long-term borrowings now that
interest rates have receded from
their exceptionally high levels of
two years ago.
Production Credit
Associations, which farmers use
for short and intermediate term
credit, loaned $9.4 billion during
the year, up 13.8 per cent from
the $8.3 billion in 1970. PCAs had
loans outstanding at year-end of
$6.1 billion, up 14.6 per cent from
the $5.3 billion a year earlier.
PCAs obtain most of their loan
funds through Federal In-
(MARCH 6-11)
SALES & SERVICE
System Loans Up in 71
termediate Credit Banks. FICBs
also discount notes and make
loans to other financing in
stitutions. Last year the total of
these loans and discounts made
through “OFIs” were $641
million, with $239 million out
standing at year-end. Both
figures are about the same as a
year ago.
The Banks for Cooperatives -
which provide the majority of
financing for the nation’s farm
supply, marketing and business
service cooperatives - made $2.7
billion in loans last year, up 10.3
per cent from the $2.5 billion in
1970. Loans outstanding held
constant at $2.0 billion.
The Farm Credit System ob
tains its loan funds primarily
through the sale of bonds and
debentures in the nation’s money
markets. During 1971 the System
sold $13.0 billion of these
securities and at the end of the
year had $14.4 billion in securities
outstanding. The figures
represent increases of one per
cent in securities sold and 10.7
Beat the Bio O/fl
-Heart Attack H
GIVE... f HEART FUND |
RODINO SOME MORE FOR THIS EXTRA WEEK.
ill TREMENDOUS SAVINGS!
NEW & USED
TRACTORS J
IMPLEMENTS |Ete|§jat
MOTOR TRUCKS
SEVERAL GOOD BACKHOES
Lancaster Farming, Saturday, March 4,1972
SUE *
per cent in securities outstanding
from 1970.
The Land Banks and PCAs, the
two farm lending units of the
System, supply 21 per cent of the
approximate $65 billion of total
credit used by farmers. The
Banks for Cooperatives provide
about 60 per cent of the financing
for the nation’s farmer
cooperattives. In the past five
years, farmers’ total use of credit
has expanded at about nine per
cent annual rate.
The Farm Credit System is
owned by the farmers and
cooperatives borrowing from it
and makes loans throughout the
[United States. The Farm Credit
Administration is the supervisory
Federal agency of the System.
Mutation Mink
Minks in captivity have
been bred to produce fur
varying from white and pale
silver to darkest brown. Such
specially developed fur is
called mutation mink.
EQUIPMENT
971 PRICES
- 3514-D BACKHOE
- 3444-D BACKHOE
- 125-C LOADER
CRAWLER
iSi
21