HORSE SALE
WEDNESDAY, MARCH 7,157312 Noon
2 miles East of Intercourse along Rte. 340.
2 Trailer Loads of Kentucky Work Horses and Mules,
6 pairs Sorrels, Gray and Black, also singles.
Draft Horses from 1300 lbs. to 1800 lbs.
Sorrels, Grays, Roans, Blacks. Mares in foal to Jacks
and Belgians and Geldings. Walking and pleasure
horses.
Several Hunter prospects and carriage horses. Tack
Sale 11 A.M. Horses 12 Noon. Drivers Hitched 9:30.
PAUL Z. MARTIN
717-354-6671 Res.
768-8108 Stables
Next Sale March 21
"AUCTION"
SATURDAY, MARCH 10, 11:00 A.M.
Sale order by Mr. & Mrs. C. Harry Davis
DIRECTIONS - Oxford, Chester Co., Pa. from Oxford for
approx. 1 mile, toward Maryland Line on Old US 1 to
Wedgewood Road, turn right, first farm on left. WATCH FOR
SIGNS!
Complete Dispersal of a Grade Dairy Herd consisting of 17
Holsteins and 5 Guernseys (6 fresh with calves at their side, 2
of these Ist calf Heifers), 2 Springers, and others in various
stages of lactation. Health charts within 30 days of sale.
DAIRY EQUIP. Surge pipeline (3 yrs. old) with 4 units, 250
ft. of glass line, 125 gallon hot water heater and SS washing tub
with hot water booster, Surge auto tank washer, Esco 325
gallon milk tank, double SS wash tubs, misc. other SS items
such as buckets and strainers; dehorners, almost new Stewart
clippers and etc. FIELD EQUIP. Allis Chalmers equip, con
sisting of a Model CA tractor, 2-bottom plow, 2-row cultivator,
2-row com planter, mtd. grain drill, single row com picker,
mtd. disc harrow, 303 hay baler, 829-9 ft. mower-conditioner
and rake, Bradly flail chopper, New Holland 616 corn chopper,
Ford side mtd. sicklebar mower, New Idea 200 manure
spreader, Brillion seeder, spring and spike tooth harrows,
Chattanooga 9 ft. cultipacker, field sprayer and wagon. BARN
EQUIP. Badger silo unloader for 14 ft. silo, New Idea hay
elevator, 12 ft. grain auger, 2 wheel cart, circular saw and
misc. surplus.
FOOD SERVICE by the “LADIES of OXFORD GRANGE”
TERMS-CASH unless credit has been or can be established
with us. Payment by cheek will be expected by the un
dersigned auctioneers only if accompanied by current credit
reference from your bank.
Jim Boswell & Associates, Auctioneers.
Box 457, Unionville, Pa. 19375 Phone 215-347-2467
PLEASE CLIP AND SAVE.
SHADYVIEW ACRES
Holstein Dispersal
TOES.,
Located on the farm south of Palmyra, Lebanon County,
Penna. Turn south off Bt. 422 in Palmyra at the Nancy
Lou Restaurant and proceed one mile to the farm.
38 COWS
60 REGISTERED
Herd average of 11,907 milk 436 fat
Records of a few animals to be sold:
Lynn 4-3 = 14,861 - 604 -4 1
Sal 5-0 = 15,430 - 509 - 3.3
Beth 5-9 = 20,536 - 698 - 3.4
Lilac 5-4 = 15,257 - 565 -3 7
Rita 3-7 = 17,166 - 545 -3 3
Daughters of the following sires selling;
Romandale Reflection Marquis
Paclamar Astionaut
Penn State Star Man
Harmony Crest Ivan Connie
Penn State Star Dust
Crescent Beauty Triumphant
Special Mention. Bed Holstein - a daughter of Ravenglen
Reflection Adonis from a dam of 3-3 - 23,447 - 857
DHIA records
Sale under cover
Emboe 350 gal. tank, DeLaval 73 pump and motor, 2 De-
Laval units and a 50 lb. DeLaval pail.
Harry H. Bachman - Auctioneer
Ebcnsole & Bachman - Clciks
Arthur Kunkle - Pedigrees
Complete
MARCH 20,
12:00 SHARP
75 HEAD 75
15 GRADES
Herd is TB and Blood tested
Catalogs available
Lunch available
Conditions by Simon Bucher
1973
37 HEIFERS
37 test
Farm Credit System Lending
Totals *16.8 Billion
American farmers and their
cooperatives continued to in
crease borrowings through the
lending units of the Farm Credit
System during calendar year
1972, according to figures
released today by the Farm
Credit Administration.
The amount of loans made
during the year totaled $16.8
billion, a 16.7 percent increase
over the $14.4 billion made in
1971. Loans outstanding at year
end stood at $18.3 billion, a 12.3
percent increase from the $16.2
billion outstanding a year earlier.
Both loans made and outstanding
were new highs for the System.
Federal Land Banks, the
System’s long term farm real
estate mortgage lenders, showed
the largest percentage increase
in loans made among the three
units of the System. Loans made
jumped from $1.6 billion during
1971 to $2.3 billion last year, a 44.9
percent increase. Land Bank
loans outstanding at December
31, 1972 were $9.1 billion, an in
crease of 15.0 percent from the
$7.9 billion outstanding a year
earlier.
FCA Governor E.A. Jaenke
attributed the substantial in
crease in Land Bank lending to
several factors, among them
provisions in the Farm Credit Act
of 1971 which permit the Banks to
increase the proportion of a
farm’s value they can finance.
This change emphasizes a
borrower’s management ability
and repayment capacity in
PUBLIC SALE
Farm Equipment, Complete Orchard
& Packing: Equipment & Supplies
Monday, March 12, 1973
Located RD 1, Mt. Joy, Pa., 3 miles Southwest
of Mt. Joy Route 141. Turn Northwest off Route 141
on Musser Road to Gibble Road along Kraybill
Church Road. Watch for Sale Signs.
69 C2O CHEV. PICKUP TRUCK WITH 4 SPEED
54 CHEV. TRUCK % TON STAKE
AC 160 DIESEL TRACTOR FULLY EQUIPPED
900 HOURS
AC D 10 TRACTOR
M.F. 85 TRACTOR WITH LOADER
A.C. 3 B. trip plow, A.C. 7 ton wagon with bed,
A.C. 7 grass mower, A.C. post hole digger, Woods
offset rotary mower, M.H. spreader with P.T.O.
M.H. 3-pt. com planter with Gandy applicator 3
disc harrows, 3-pt. cult., '3-pt. fork lift, T snow
blade. Century fork lift, two wheel trailer, potatoes
equip., portable gas tank with pumps, John Beam
!M. 36 500 gal. speed sprayer with motor, John
Beam 200 gal. high pressure sprayer, 2 35* refri
gerator truck trailers with units, Niagara apple
grader with two-way belts, 18’ irrigation tower &
® alum. & galv. pipe, irrigation pump
1500 gal a mm. with motor, S.S, 200 gal cider
tank with unit, portable cider tank, apple bagger
hyd. skid mover, 5000 apple crates, peach baskets!
packing supplies, 16 heavy alum, apple picking
ladders & other ladders, apple picking bags, peach
straps, pruning shears, scales, 10’ produce case
cash register, bee supplies, 20’ filter hose, Homelite
portable pump, air compressor, 12 ton hyd. jack.
McCulloch chain saw, 1 ton chain hoist, wrenches
tools, sledge hammers, wedges, axes, oil drums’
dinner bell, skids, alum, scoop shovels, galv. stock
tank, gas heater, chicken equipment, and many
other items too numerous to mention.
Don’t miss this sale!
Sale by
Bob Dimkelberger
Known by Donegal Orchards
Harold (Abe) Shaffner 653-5689
and C. H. Wdlgemuth, Auctioneers
Diffenderfer & Mummau, Clerks
determing amounts advanced as
opposed to past emphasis on
arbitrary lending limits. Jaenke
also noted a shifting in
borrowings by farmers from
short to long terms in 1972. This
was caused, he said, by a con
tinuing release of pent-up
demand for long term loans
postponed by extremely high
interest rates early in the 1970’s
and the belief held by farmers
last year that interest rates
would not decline appreciably in
the near future
The number of Land Bank
loans made in 1972, Jaenke noted,
increased 24 2 percent over 1971,
from 41,062 to 51,009. Such an
increase m the number of loans
made is particularly significant,
he said, especially in the light of
continued declines in total farm
population.
Production Credit
Associations, which provide short
and intermediate term credit to
farmers, made loans totaling
$10.4 billion, a 10.8 percent in
crease from the $9.4 billion made
during 1971. Loans outstanding
throughPCAs at year-end stood at
$6.6 billion, and 8.5 percent in
crease from the $6.1 billion
outstanding a year earlier.
PCAs obtain most of their loan
funds through Federal In
termediate Credit Banks which
also discount notes and make
loans to other financing in
stitutions. Last year FICB loans
and discounts made thorough
other financing institutions
of
11:00 A.M.
Food Stand
Lancaster Farming, Saturday, March 3,1973
in 1972
USDA Clarifies
Tax Form Use
WASHINGTON, Feb. 16-The
Department of Agriculture ex
plained today that it will not look
at individual income tax returns
of farmers under a new order
that gives the USDA access to
Internal Revenue Service
printouts of farm tax returns.
An individual farmers’ gross
income figures will be identified
by a computer as falling within a
broad range—such as $lO,OOO to
$20,000 gross income from far
ming, with similar broad ranges
of income from certain farm
commodities
“We do not want to see—and we
will not ask to see—specific data
on farmers’ deductions and net
income,” said Don Paarlberg,
director of agricultural
economics for the USDA.
“Furthermore, if one of the
employees of the agencies I
manage inspects a farmers’
return for any purpose, he will be
fired.
“Any one of a dozen neighbors
driving by a farmers’ place and
looking at the cattle, hogs or
crops and knowing about how
many acres the man farms will
know much more about a far
mers’ income tax returns than we
will,” Dr Paarlberg said.
The purpose of grouping far
mers into relative size is to up
date the lists of farmers that the
Department of Agriculture uses
for statistical work, such as
surveying farmers’ intentions. A
sample of these names will then
be sent survey material The
results of the surveys will then be
used to issue reports on such
things as livestock on feed, cattle
numbers and planting intentions.
“The whole idea is to deliver
better information to farmers to
use in their planning and
management If our survey lists
are better, the information that
we give farmers will be more
accurate And we can do it all for
less money If we have good up
to-date survey lists, we can do
more surveying by mail and
telephone calls; and less area
sampling will be required where
we have to hire people to go into
areas to sample certain farms in
person.
“When people understand that
farmers are going to get a better
service at less tax cost to them,
without revealing any con
fidential information, I think they
will see that it makes sense ”
totaled $693 million, with $253
million outstanding at year-end.
Both figures represent slight
increases from the previous year.
The Banks for Cooperatives -
which provide the majority of
financing for the nation’s farm
supply, marketing and business
service cooperatives - made $3.4
billion in loans, a 23 1 percent
increase from 1971. Loans out
standing at year-end increased
14.1 percent, from $2.0 billion to
$2 3 billion
The Farm Credit System ob
tains its loan funds primarily
through the sale of its bonds in
the nation’s private money
market. At the end of 1972, the
System had $l5 8 billion in
securities outstanding, an in
crease of 9.6 percent from the
$l4 4 billion a year earlier.
The Land Banks and PCAs
supply nearly one-fourth of the
credit used by farmers and the
Banks for Cooperatives provided
nearly two-thirds of the borrowed
capital used by farmers
cooperatives. The Farm Credit
Administration is an independent
Federal agency which supervises
the System
49