—Lancaster Farming, Saturday, April 15~ 1972
18
Approved Proposed
Regulations for Farm Credit Act
Federal Board
The Federal Farm Credit
Board has announced approval of
proposed regulations under
which the Farm Credit System
will provide the new and revised
lending programs for farmers
and rural residents authorized in
the Farm Credit Act of 1971.
The Board, top policy-making
body for the System, said the
regulations would be printed in
the Federal Register this week
Once printed, there will be a 30-
day waiting period for comments
from interested persons The
Board said it will meet in May to
review comments on the
proposed regulations received
Tool up
now
for the best
com weed control
you ever had
For the best corn weed control, ram or shine, mount an
economical spray rig on your tractor and mix the Sutan
in the soil with your disc as you work corn ground for
planting
This puts your best corn herbicide in the only place
an herbicide works right in the soil where weeds
..if==!> sprout. No gambling on ram to make it
work, no loss from sun, wind or erosion
on the surface
See us now about tank, pump,
I q ■ nozzles hose control column, pipe or
brackets to develop a sure weed con
■uctih mine l trol system You’ll be repaid for it all in
a better yield on the first field of com
you plant.
AVAILABLE FROM YOUR
USS AGRI-CHEMICALS Dealer
ENOS BUCKWALTER
Lancaster
from the public and give final
approval. The district Farm
Credit Bank boards, in the
meantime, will establish detailed
lending policies and should then
be set to begin promptly the
services authorized by the Act.
Board chairman Millard F.
Dailey, Red Lake Falls, Minn.,
said the Federal regulations
“reflect the intent of Congress in
passing the law - to place
maximum authority at the local
level within broad, national
guidelines.” He noted that the
Banks and local Associations of
the System have been entirely
owned and capitalized by their
farmer-borrowers for the past
three years, and the laws and
regulations open new areas for
increased borrower participation
and control of the System.
At the same time, Dailey said
the regulations “emphasize the
high degree of coordination
necessary between the System’s
three lending units to properly
carry out the mandate of
Congress m meeting farm and
rural credit needs. This coor
dination is particularly im
portant in the new areas of loans
for rural housing and farm
related businesses,” Dailey said.
The Act, passed and signed into
law last December, is a complete
rewrite of the laws dating back to
1916 which governed the System.
The System includes the Federal
Land Banks and local Federal
Land Bank Associations, Federal
Intermediate Credit Banks and
local Production Credit
Associations, and the Banks for
Cooperatives
Principal new features of the
Act are authorities for Land
Banks and PCAs to make loans
for both non-farm rural housing
and for farm-related businesses
such as custom harvesters or
crop sprayers
It also authorizes Land Banks
to increase the amount they can
loan on a farm and gives both
farm lending organizations
authority to increase the number
of financial related servies they
can provide for their farmer
members. For the Banks for
Cooperatives, it defines a
cooperative in which 80 percent
of the voting control is held by
farmers as eligible to borrow.
Ail units of the System operate
under Federal charters and are
supervised by the Farm Credit
Administration, an independent
Federal agency. National
policies for the System are set by
the Federal Board which consists
of 12 members who are appointed
by the President from among
candidates nominated by the
three units of the System. The
thirteenth is appointed by the
Secretary of Agricultural and
serves as his representative.
Can you look
them square
in the eye
#
...and be 100% sure they are on the
most productive feeding program possible?
Maybe you can Maybe not Eitner way we
can tell you with our free dairy herd analy s
We call it the Doubt Remover Just give us the
facts about your herd Our nutrition experts will
analyze your current feeding and offer you a
new recommended program, if neeo<=d
We may say. “No change needed in our
opinion " On the other hand, you could get a
program that better balances your forage and
feed Or one that shows you how increased or
decreased feeding will pay you more profit
Walter Binkley & Son
Lititz
Brown & Rea, Inc.
Atglen
Elverson Supply Co.
Elverson
L. T, Geib Estate Q, r. Mitchell, Inc.
Manheim Refton, Pa.
I. B. Groybill & Son Mountville Feed Service
Strasburg Mountville
E. Musser Heisey & Son Musser Forms, Inc.
R. D. #2, Mt. Joy, Pa. Columbia
WEED and FEED
WITH
LIQUID NITROGEN
and HERBICIDES
The most efficient and sure way to fertilize and
control weeds in your corn fields.
Less trips over the fields.
Modefn equipment to serve you.
RICHARD R. FORRY
AUTHORIZED AGRICO DEALER
2020 Horseshoe Rd., Lancaster, Pa. 17601
Phone 717-397-0035
SPECIALIST IN YOUR FIELD—
In the meantime however, try one sure
feed that works for everyone Red Rose
Medicated Milk Replacer After colostrum it
gives calves more nourishment than dam's
milk, gives you more dam’s milk to sell
But for your free dairy herd analysis,
feeding program, and maybe more-profit
write us now Unless of course, you’re 100%
sure Dairy Herd Analysis, John W. Eshelman
& Sons, 244 N Queen St, Lancaster, Pa. 17604
Heistand Bros.
Elizabethtown
Red Rose Form
N. Cfairch *St, # Quarryville H * M * Stauff ® r & Sons '
Inc.
Witmer
David B. Hurst
Bowmansville
|R«clßoaa|&l
|WUR^|EEOS^J^J
E. P. Spotts, Inc.
Honey Brook
Martin's Feed Mill
Ephrata, Pa,
Chos. E. Souder & Sons
Terre Hill