Lancaster farming. (Lancaster, Pa., etc.) 1955-current, January 06, 1973, Image 9

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CALL
EDGEFIELD FARMS
Box 207 Quarry ville RD2
Ph. 786-3897 or 786-3591
★ AIR-O-MATIC FANS
★ SPUTNICK
★ BRAY BREEDING
CALENDAR
A WEAVERLINE CARTS
FARM SHOW SPECIAL
THIS IS IT, the one week of each year we sell at such
low prices that we drive our business consultant crazy.
Farmill will give away an eight foot Cardinal Junior elevator. Drawing will be
held Friday of Farm Show week at noon. Register at the Farmill booth. We will
also receive bids and sell to the highest biddera sixteen foot Cardinal Junior
elevator complete with motor. Register your bid at our booth.
Our new display at the Farm Show will include the new Cardinal Reconstitutor
for corn, Cardinal Junior elevators, one bucket elevator, Butler feed bins, augers,
etc.
Special discounts will apply to steel buildings, feed bins, Cardinal grain han
dling equipment and will apply only to orders taken at the Farm Show. Our booth
is in the poultry section.
B
3
Farmers, who saw im
provements made in their credit
services in 1972, can expect still
greater advances in the coming
year.
Such progress was indicated by
E.A. Jaenke, Governor of the
Farm Credit Administration, the
agency which supervises
nationally the $lB billion farmer
owned Farm Credit System.
In his year-end report,
Governor Jaenke called 1972 a
significant year for U.S.
FREE DOOR PRIZE
SEE YOU AT THE FARM SHOW.
FARMILL CONSTRUCTION
& REPAIR
SOUDERSBURG, PA. 17577
PHONE 717-687-7659
Can Expect Better Credit Service
Farmers
agriculture for it marked the
beginning of improved credit
programs for farmers and new
lending efforts of the Farm
Credit System to finance rural
development.
“The results of these new
services are loans more closely
matched to farmers’ needs and a
small but significant start in
helping meet the farm com
munity’s financial needs,”
Jaenke stated.
AGRI-BUILDER
In addition to expanded credit
BUTLER
Lancaster Farming, Saturday, January 6,1973—-
services for farm operators, the
new programs include loans for
non-farm rural homes, loans to
open seas fishermen and to
cooperatives serving fishermen.
and loans to rural electric
cooperatives on a concurrent
basis with the Rural Elec
trification Administration.
The most significant improved
program, said Jaenke, was in
farm loans through Federal Land
Banks. Past law limited Land
Banks to advancing only about
one-half of a farm’s market
value. But the new law provides
flexibility in tailoring loans to
each farmer’s individual needs
and repayment capacity.
Congress launched these new
and expanded efforts, Jaenke
said, with passage late last year
of new charter legislation for the
System. Implementation of the
program has been taking place
throughout the year.
Under study throughout the
System now are methods in
which it could finance certain
businesses which perform
custom services for farmers,
such as custom harvesters, and
the extent to which it could
participate in financing rural
community needs through the
recently passed Rural
Development Act.
Rural home loans under the
new Act can be made by both
Federal Land Banks and
Production Credit Associations.
These organizations have made
home loans in the past but only
for farm homes. Now the loan
program is opened up to non
farmers to build, buy or remodel
homes in the countryside The
program has been activated by
the Banks and Associations in
varying stages since last sum
mer. In that time, about 600 rural
home loans have been made with
in 1973
advancements totaling $l2
million.
Under the Act, fishermen, as
basic food producers, become
eligible to borrow from PCAs and
cooperatives whose membership
is made up of fishermen are
eligible to borrow from banks for
Cooperatives. The loan program,
which is just getting underway,
shows 44 loans to fishermen and 2
loans to fishing cooperatives.
Loans made total nearly $5
million.
The System includes the
Federal Land Banks and local
Associations, the long-term
mortgage lenders; Federal In
termediate Credit Banks and
local Production Credit
Associations, the short and in
termediate term lenders, and the
Banks for Cooperatives which
finance farmer and, now, fishing
cooperatives.
Keep Holiday
Meats Fresh
Gifts of food are always
welcome during the holiday
season but if you received more
than you can eat at one time,
Extension consumer specialists
at The Pennsylvania State
University say you need to store
hams, smoked turkey, smoked
fish and other smoked and
processed meat like sausage as
fresh meats. Refrigerate them
immediately and use them as
soon as possible But if you can’t
use them within a short period of
time, freezing will preserve them
for a while. It’s best to use ham
and some of the sausages by the
end of two months Quality begins
to deteriorate after that time,
although they may be safe to eat
You can store canned hams for
an indefinite period m your
refrigerator but it’s best not to
freeze them
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