Lancaster farming. (Lancaster, Pa., etc.) 1955-current, May 24, 1975, Image 20

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    20—Lancaster Farming, Saturday, May 24. 1975
ICwdnuad trom Put 1)
Walter Dumlak, Schencc-
Udy, N.Y.
Feature Story: 2 - Fred L.
Marshall, New City, N.Y.; 2 -
Norman J. Smith, Bridgeton,
N.J.; 3 - M.M. Smith, Lan
caster, Pa,
Newsletters: 1 - William
Quinn, Syracuse, N.Y.; 2 -
Dominic Marini, Henson,
Mass.; 3 - Jered K. Tyson,
Gettysburg. Pa.
Judges tor the various
categories were:
Radio - Bob Detry, WLAN,
By Kintzer, WGAL, and Ed
Wickenheiaer, WSBA.
News Photo and Colored
Slide Feature - Grant
Heilman, Lititz, and Dick
Wanner, Lancaster Far
Direct Mall and Personal
News Column - James
Sumner, Inter-State Milk
Producers Cooperative, and
William Schultz, Lancaster
Intelligencer Journal.
Feature Story and
Newsletter - John Kimbark,
Pennsylvania Farmer, and
Gary Martin, Sperry New
Outlook for Com, Soybeans
than expected- The fact is,
1973 was a unique situation,
caused by the failure of the
Peruvain anchovy catch, a
poor U.S. soybean harvest, a
short corn crop the
preseding year and the
demands for feed grains by
emerging livestock in
dustries in Russia, Japan
and other countries with a
rising standard of living.
The situation is not the
same today. This year
livestock production is down
in the U.S. and abroad,
Peruvian fishmeal
production is on its way back
up, Brazil has a rapidly
expanding soybean output
and palm oil production is on
the increase in both Aisa and
One way to know what the
supply situation for your
crop will be come harvest is
to check crop intention to
plant reports. McAllister
also recommends growers
look at crop outlook in
formation, of which much is
available from both
government and private
sources. Especially helpful
is to follow the movements of
the future commodity
markets for the crops you
are considering. This is one
measure of what a large
number of people believe the
supply-demand situation is
going to be in the future and
who back up their ex
pectations by buying or
selling futures contracts.
Just what is the outlook for
soybeans in 1975-76? In
dications are that the supply
is going to be up and that
prices will be lower than
they have been in the
precious two to three years
(Continued on Page 21|
Uncertainty over the corn
and soybean outlook (or 1975
is a major concern of
Delaware fanners. At one
time U.S. soybean and
Peruvian fishmeal were
about the only major source
of vegetable oil and protein.
This is no longer the case.
University of Delaware
extension agricultural
economist, W. T. McAllister,
says growers need to take
into account changing world
demand and supplies of feed
grains and soybeans as they
make their cropping
decisions. Many farmers are
still deciding what crop to
plant on the basis of the last
couple of years. With more
than 20 percent of our com
and 50 percent of our
soybeans being sold in the
world export market, a more
sophisticated approach to
crop planning is needed in
today’s economy. Conditions
in so many other parts of the
world affect the market
outlook for American
agricultural products now
that production planning for
best returns requires that
some thought be given to all
the factors that could affect
export demand.
This is particularly true
with soybeans. Two years
ago soybeans hit a market
high that still has growers
somewhat starry-eyed. Even
though the price of a bushel
of beans has declined con
siderably since then, many
growers are expecting such
prices again in 1975 and
beyond. These expectations
get built into land values,
land rent, machinery pur
chases and other costs that
could put farmers in a
squeeze if prices are lower
(As low as 20Vlb. act Nit. fob plant)
Ideal for side dressing
Apply after planting with herbicides
for Broadcast or Planter
New • Low Prices
Authorized Dealers:
RD2, Mt. Joy, PA
Phone 653-1568
HAROLD B. ZOOK (Liquid Nit. service)
Lancaster, PA
Phone 394-5412
2313 Norman Rd., Lancaster, PA Ph. 397-5152