Lancaster farming. (Lancaster, Pa., etc.) 1955-current, January 27, 1973, Image 15

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    Nation’s Documents
The original copy of the
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now reposes under guard,
alongside the Constitution,
in Washington’s National
Archives building, where it
can be viewed any time the
building is open.
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RED ROSE FARM SERVICE INC.
MR. FARMER
HAVE YOU ORDERED
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SEED OATS, AND SOME
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HAVE YOU TRIED OR HEARD ABOUT WL 305 ALFALFA?
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Main Office
N. Church St.
Quarryville, Pa
786-7361
Farm Credit Service To Improve
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, Jaenke
called 1972 a significant year for
U S agriculture for it marked the
beginning of improved credit
programs for farmers and new
leading 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.
In addition to expanded credit
services for farm operators, the
new programs include loans for
non-farm rural homes, loans to
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Woodcorner Rd.
Lititz RD4, Pa.
Phone 733-4466
Buck, Pa.
284-4464
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
programs has been taking place
throughout the year
Under study throughout the
System now are methods m
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
Cattle Feeders
Parley Tuesday
A special cattle feeders’ day
has been scheduled by the
Cooperative Extension Service
for Tuesday at the Farm and
Home Center, 1383 Aracadia
Road
H
E
E
E
E
PJ
u
Six speakers will fill the all-day
program which includes lunch
and a question period at day’s
end. Agri-business firms related
to cattle feeding will exhibit their
products
Lunch reservations must be
made through the office of the
County Agent by Friday.
SPEAKERS’ TOPICS
Scheduled speakers are as
follows:
—9 30 a.m - “Cattle and Feed
Outlook”, Louis Moore, Ex
tension Economist
—10:15 am - “Labor Ef
ficiency”, Jesse Cooper, Ex-
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Lancaster Farming, Saturday, January 27.1973
in 1973
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
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 the 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
mortage 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
tension Farm Management,
—ll am - “Hormones and
Feed Additives”, Dr. Lester
Burdette, Livestock Extension,
1 30 p m - “Preventing and
Controlling Respiratory In
fections”, Dr Samuel Guss,
Extension Veterinarian,
—2 15 p m - “Livestock Waste
and Sediment Control
Regulations”, John P Durr,
Dept of Environment Resour
ces,
—2-45 p m - “Manure Storage
and Disposal”, Roger Grout,
Extension Engineer,
—3 30 p m - Questions
County Agent Max Smith said
the all-day meeting is being
conducted in place of several
evening meetings as in past
years
15