—Lancaster Farming, Saturday, Nov. 9. 1974
22
PCA Members Hold Annual Elections
The Lancaster County
Production Credit
Association and the Federal
Land Bank Aaeodatlon met
Wedneeday, November 6th,
at the Plain and Fancy
Restaurant, Blrd*in*Hand,
(or their annual Director's
meeting.
Over 1000 pereons attended
the event that opened with a
luncheon (or guests and
personnel.
Chairman and Toast*
master (or the meeting was
Clarence G. Mase, RDI,
Lebanon director o( the
Federal Land Bank
Association. Mase gave the
welcoming address and
Introduced the speakers (or
the day.
Jacob N. Smith, Annville,
president o( the Federal
Land Bade Association, in
the area gave the annual
report (or that organization
explaining that demands to
purchase bad increased over
the past year.
“There are 3-P’s in our
organization that we are
going to take into account,”
be explained.
“They are persons, pur
pose and property”, Smith
continued.
Smith ended his report by
encouraging members to
contact the office when
Principle speakers at the luncheon
meeting of the Lancaster Production
Credit Association and the Federal
Land Bank Association held recently
included (from left) Clarence Mase,
questions arise and thanked
the members for their
support
Giving the annual report
for the Production Credit
Association was the
president of the directors,
John J. Long of Peach
Bottom.
Toastmaster for the event Carl
Brown, General Manager of the
organizations and guest speaker.
Rick Carpenter, representing the
Baltimore Land Bank Association.
Long stated that 1974 bad
been another outstanding
year with a noticeable
growth over 1973. He
stressed that everything in
the fanning industry was
increasing and would in
crease in the future making
monetary needs greater.
Long also thanked the
members for their support in
the past year.
Elected as director for the
Federal Land Bank
Association was Paul M.
Herr, RDI, Quarryville;
with John Gibble, Myer
stown and John J. Long,
Peach Bottom being named
directors for the Production
Credit Association.
Selected to serve as the
nominating committee
were: James Groff, Paul
Kreider, Tom Williams and
as alternate, William En
slow.
Following the elections,
Carl Brown, General
Manager gave the
manager’s report explaining
that the past year had seen
tremendous growth with 16
percent growth in the
number of loans with credit
demands increasing for the
next year.
Keynote’ speaker for the
event was Richard Car
penter, vice-president for the
Baltimore Land Bank.
Carpenter stated that the
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need for farm credit had
increased for four main
reasons which included the
Farm Credit act of 1971, need
for funds in all phases of
farming, increased costs of
supplies and the general
shortage of funds to in
stitutions.
“A strength is needed in
our local organizations to
help the fanner,” he ex
plained.
“The number of loans will
be increasing as prices go
high,” he explained to the
audience.
Carpenter stated that the
pillar of agriculture is still in
the family farm but will need
help in the future to remain
alive and strong.
Following the an
nouncement of the elections
of directors, the meeting was
adjourned.
New Team
This year’s howling league has
a team named the Holy Rollers
Of course it’s made up of all the
ministers in town
Tough Business
American businessmen have it
rough. They invent something
new and the Russians claim it’s
theirs while the Japanese figure
out a way to make it cheaper
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