FARM TRENDS I Continued from Page 1| Although the use of loan funds relative to income is expected to increase as a source of financing, rising real estate prices, high livestock and gram prices, and Costs hundreds of dollars less...unsurpassed in heavy, down, tangled hay... Cut/ditioner It s a simple machine, with fewer moving parts Cuts 7 feet wide Conditions Makes windrow or swath When you can't cut hay with a sickle bar, Cut/dition it' Non stop Plug free See N. G. HERSHEY & SON Manheim LANDIS BROS., INC. CHAS. J. McCOMSEY Lancaster &SO NS Hickory Hill, Pa. KINZER EQUIP. CO. Kinzer LONGENECKER FARM SUPPLY Rheems ROY H. BUCH, INC. Ephrata, R.D.2 BUY 1974 MODUS AT 1973 PRICES YOU'VE SEEN THE REST now see THE BEST Dari-Kool Direct Expansion Bulk Milk Tanks THE FASTEST COOLING BULK MILK TANK ON THE MARKET (ilfil'• A ■ _ w ALL MODELS IN STOCK Ice-Bank Milk Coolers also Available NEW MODELS IN STOCK 450 gal. 1250 gal. 600 gal. 1500 gal. 800 gal. 2000 gal. 1000 gal. USED BULK TANKS 300 gal. Zero 800 gal. Esco &u- A. L. HERR&BRO Quarryville STOLTZFUS FARM SERVICE Cochranville, Pa. A.B.C. GROFF, INC. New Holland 650 gal. Esco SHENK'S FARM SERVICE 7 Day Week, 24 Hour Service RD4 Lititz, Pa. high prices for used machinery will sharply increase the value of farmers’ equity in physical assets again this year. Realized net farm income for the sector is forecast at $24 billion for 1974, down $2 billion from the unprecedented 1973 record. Reasons for the slight decline in prospect include lower farm program payments and rising production expenses. If output of grain and livestock falls below expected levels or exports increase, net income could equal or exceed the level achieved in 1973. On the other hand, should export demand slacken sharply during the latter part of 1974, gram prices would undoubtedly decline and income would be reduced more than indicated. The projected $11.9 billion increase in debt ex cluding CCC nonrecourse loans is a record volume and exceeds the 1973 record by $2.5 billion. Farmers will readily be able to obtain these funds. Rural banks experienced a rapid growth in deposits m 1973 and can be expected to increase their funds available for lending in proportion to deposit growth. PCA’s and the Federal land banks can be expected to sharply increase their demands on central money markets, and farm real estate sellers and other in dividuals probably will increase their lending in line with the rise in real estate prices. On the other hand, FHA is restricted by law to $7OO million in direct, insured and guaranteed loans. Thus, its share of the increase is expected to be relatively small. Also, in surance companies depend on repayments of out standing policy and mortgage loans, increases in income, and reallocation of investment portfolios for WHITE WASHING DAIRY WHITE - Dries White - Does Not Rub Off Easily - No Wet Floors • 1$ Compatible With Disinfectant Also BARN CLEANING SERVICE Available With Compressed Air MAYNARD L. BEITZEL Spraying Since 1961 Witmer, Pa. &U-. 0 A sturdy hinged arm supports lha milker unit at the desired height throughout milking The support arm reduces drop-oil to a minimum WE GIVE FREE DEMONSTRATIONS ON Sales, Parts & Service with 717-392-7227 AUTOMATIC TEAT CUP DETACHERS AUTOMATIC TAKE OFFS Ph. 626-4355 Lancaster Farming, Saturday, Mar. 23,1974 funds. Their contributions to the increase in farm sector lending will be relatively low. Regionally, .prospects in 1974 are generally favorable for increased production and only slight income declines. Planted acreages may rise 8 percent, indicating farmers expect sufficient supplies of fuel, fertilizer, credit and other critical items. Milk producing areas of the Northeast and the Lake States should prosper. Milk prices have advanced strongly and feed costs should moderate as the year wears on. Cattle feeders in the Southern Plains, the Corn Belt, and other feeding areas suffered losses in parts of ,1973 and currently face unfavorable feed and cattle price ratios. However, they may find feeder cattle prices and feed costs in a better balance with ex pected fed cattle prices late in 1974. Farmers in all regions were reported in excellent financial condition at the end of 1973 and will be able to obtain the huge volume of credit they need for farming in 1974, both real estate and other, and probably at interest rates no higher than in 1973. Hoke Estate Is Eastern Distributor M. K. Hoke Estate, Inc. of Manheim, serving the farm industry for 60 years, has been appointed as the Eastern warehouse and distributor for Superior Equipment Co., a division of Tiffany Industries, Inc. M.K. Hoke Estate, Inc. is , headed by Barry L. Hoke, a grandson of the company’s founder, as president, along with Elmer Hostetter, vice president and sales manager; Herbert K. Geist, secretary, salesman; and Henry E. Deemer, treasurer and accountant. M.K. Hoke Estate, Inc. is now enjoying new and ex panded sales divisions covering six states, in cluding Pennsylvania, New Jersey, Delaware, Virginia, One Man Can Milk More Cows Per Hour ...And Do A Better Job Of Milking... • An Electronic Sensing Device Helps Prevent Over-Milking And Under-Milking • The Milker Unit Is Gently Removed From The Udder • The System Washes In Place After the operator prepares the udder and puts on the milker unit the rest of the milking procedure is automatic An electronic sensing device con stantly monitors the milk flow Thirty seconds after the milk flow drops below Vi pound per minute the vacuum shuts off The milker unit is then gently re moved from the udder A hinged sup port arm quietly retracts the unit out of the operators way ready for milking the next cow The Detachers wash m-place along with the balance of the rmlkmg system New York and Maryland. Among the firm’s ac tivities are layout and equipment for farm and commercial grain storage and handling systems; pre engineered steel buildings for farm storage and feedlot installations; and buildings for commercial use. Frank Z. Beard, with more than 50 years of active service with the company, will continue to call on many of the local farmers and farm service companies. Representing the Superior Grain Handling systems along with Beard (in the Lancaster County area) are Samuel Hossler of Manheim, serving Lebanon County, and C. Cott Jacobs of York, serving York County. Boots & Saddles Elect Officers The Boots and Saddles 4-H Club held their first meeting on March 8. The pledge was recited by the members present. The minutes of the last meeting and the treasurer’s report were read and approved. The following were elected officers for 1974: Ray Camean, president; Neal Ehrhart, vice president; Debra Heidig, secretary; Cheryl Gernert, treasurer; Lashon Bussell, corresponding secretary, and Cindy Burkey, news reporter. New members were ac cepted into the club. The next club meeting will be held on April 12 at the Farm and Home Center. The upcoming horse show was discussed. It will be an open show, and will be held on April 27, 9:30 a.m., at the Lancaster Riding and Tennis Club. Washing Leather Gloves After checking the label to make sure leather gloves are hand washable, soak the gloves in warm sudsy water and slip them onto your hands. Gently wash the gloves as if you were washing your hands. Remove the gloves and rinse thoroughly in warm water. Do not wring or twist, but gently reshape the gloves, blowing into them to separate surfaces. Hang by a corner of the side seam, and dry away from sunlight and direct heat. Put them back on when they are completely dry, and polish by rubbing your hands over a soft clean cloth. 13
Significant historical Pennsylvania newspapers