—Lancaster Farmim
38
Agway reports
SYRACUSE, N.Y. -
Record use of Agway Inc.
products and services by
members resulted in the
cooperative’s second bilhon
dollar sales year, according
to Ronald N. Goddard,
executive vice president and
chief executive officer of the
organization.
Operating and financial
figures for the 1975-76 fiscal
year were reported to 5,000
member-stockholders and
guests on Oct. 28 at the
Agway annual meeting m
Onondaga County War
Memorial, here.
Sales from internal
operations for the business
year ended June 30, 1976,
were $1,019,758,000, about $l9
million more than the
previous year, he said.
Earnings, after taxes, were
$20.2 million, some $2.7
million more than the 1974-75
fiscal year.
Goddard noted that these
figures do not include sales
of two controlled sub
sidiaries, Texas City Eef
mng, Inc., and Curtice-
Burns, Inc. Consolidation of
these subsidiaries in the
audited statement raises
total sales to more than $1.4
billion, up $lOO million from
the previous year. It is on the
basis of Agway’s con
solidated statement that
Agway ranks 145th on
Fortune magazine’s current
list of the nation’s top 500
industrial corporations.
Agway Inc., a farm supply
and food marketing
cooperative owned by 118,000
member-stockholders,
serves agriculture in 12
northeastern states. Its
headquarters are in
Syracuse, N.Y.
Goddard said that the
shortages that had plagued
farmers since late in 1973
began to ease during the first
half of the past fiscal year,
followed by somewhat lower
prices in a number of cases.
“But,” he said, “inflation
is still very much with us,
and farmers will still have to
contend with the devastating
HEFTY
105 HORSEPOWER
FOR BIG FARMS
Deutzdoesit
isay doytz) W|t j l exc ( usive air-cooled diesel engine
Get the big jobs done in less time, with less
effort at less cost. Loaded with features as
standard equipment you'd expect to come as
optionals. Fully rated to give maximum p°r
formance under toughest conditions. N
Choose Deutz-the most carefully engineered
tractor in the world.
IB7G A 1976
fIRSI FOUR STROKE
CYCLE ENGINE
Saturday. Nov. 6. 1976
‘‘The free-enterprise system is the very foundation of the American way of life.”
Ronald Goddard
effects of increased costs of
labor, capital, and
production supplies.”
Other to the well
being of Northeastern far
mers are growth in govern
ment and a gradual erosion
of the free enterprise
system, according to God
dard. He called for restraint
by government in hiring,
spending, and in its in
volvement in business,
especially farming.
The Agway executive said
“the free enterprise system
is the very foundation of the
American way of life,” and
expressed concern about
pressures that could rob the
individual of control over his
own destiny while
strengthening the power of
the government.
“Farmers have always
been among the strongest
advocates and practitioners
of free enterprise,” he said.
Goddard added that
employees are being asked
for a “renewed commitment
to help members increase
their net incomes.”
“Farmers know they need
to practice dynamic,
progressive farm
management techniques,”
he said, “and Agway intends
to provide them with the
products and services they
need to do so.”
STAUFFER
DIESEL, INC.
312 W Mam St.
New Holland, PA
Ph. 717-354-4181
second billion dollar sales year"
Henry W. Brbus
“With only five per cent of
the nation’s population
working the soil,” Goddard
said, “95 per cent are free to
seek employment in industry
and other fields of business.
Thanks to farmers,
Americans eat well and
enjoy the highest standard of
living in the world.”
“The United States has
come a long way in the last
200 years,” the executive
added. “It can continue to
progress in the years to
come, if its people have the
will to make it go forward.”
George Steele, chairman
of the Agway board of
directors, in his report to the
membership, expressed
optimism for the future of
agriculture in the Northeast.
He added that, despite a
steady decline in the number
of farms since Agway’s
Services recognized
NEW HOLLAND, Pa. -
Sperry New Holland will
honor seven employees who
have completed 25 years of
service with the company
this month.
Those being honored are:
Albert C. Hake, 291 Old
Delp Rd., Lancaster,
engineering cost analysis
manager; 0. S. Baublitz, 682
W. Market St., Marietta,
buyer; Paul Schlouch, Box
678, R 1 Mohntown,
borematic heald operator;
L P. GAS
FARM HEATERS
L. B. White Co,
70,000 BTU Heater (direct fired) llPlj
Ideally suited as a portable (arm heater Weighs ==: *® r^
only 61 lbs and comes equipped with handle
for carrying between heating jobs Gas hose*
and regulator, heater-mounted thermostat and
automatic safety controls are standard Three
wire 110 volt cord is provided for electric ser
vice to quiet-operating fan motor Dimensions
11 w wide, 21Vt” long and 24" high
Model 34t —lf Gu Model 341 - Natural Gaa
■3 E. M. HERR EQUIPMENT, INC.
George Steele
formation, the number or
farmers joining Agway has
increased for each of its 12
years of existence.
Steele also said that
Agway is encouraging young
farmers to become more
involved in the cooperative
and in agriculture in
general. He added that some
50 young farmer couples
from across the
cooperative’s territory were
invited to the annual meeting
as special guests.
Steele, Goddard, and
Henry W. Bibus, vice
chairman of the board, were
all re-elected at the meeting
to serve as Agway’s three
top officers.
Steele, a Pocopson, Pa.,
dairyman, has served as
board chairman since 1971.
Prior to the founding of
Ruth Eicholz, Rl, Box 199,
Kinzers, data control clerk;
Edgar Eidemiller, 105 Vine
St., Terre Hill, industrial
engineer; Mervin
Burkholder, 80 Ashlea
Gardens, New Holland,
senior process engineer; and
Robert McCully, 366 Arbor
Rd., Lancaster, product test
director.
Each will be awarded an
inscribed watch or clock by
the company to com
memorate the anniversary.
ler^SST!?
•Gas hose included with LP Gas models only
Full Line Parts Dept.
WE SELL, SERVICE AND INSTALL
RDI, Willow Street, PA,
Agway, when he became one
of its directors, he served as
vice president of Penn
sylvania Farm Bureau
Cooperative Association, one
of Agway’s predecessors.
A member of the Agway
board since 1964, Bibus, a
Wrightstown, N.J.,
vegetable and grain grower,
was first elected vice
chairman in 1971. He had
been a director of
16&D00 BTU Heater (direct fired)
Powerful but quiet fan allows air move
ments up to 100 feet through 8' duct.
Heater best suited for inside-the-barn instal
lations. Gas hose*and regulator, heater
mounted thermostat, automatic safety
controls and three wire 110 volt electric
cord are all standard Weight 134 lbs. Di
mensions 24" long, 19" wide and 30" high
Model 40® —LF Gm Model 410 Notunl G
50,000 BTU Heater (direct fired)
Design AG A Certified" for permanent
stallationS. (Gas regulations and piping
provided with heater) Unit-mounted t
mostat and automatic safety controls
S standard Three wire HO volt cord is
/ vided for electric service to quiet-operai
> fan motor Weight 58 lbs Dimensions 1’
- wide, 21V4” long and 24” high
M«4«l 350—U Ca H>M 051—Gm
Lancaster Co.
Cooperative GIF Exchange,
another of Ag way’s
predecessor organizations,
for 18 years.
Goddard has been with
Agway since 1937. He held a
number of key positions in
the cooperative’s retail,
planning, and marketing
operations before being
named assistant general
manager in 1968 and general
manager in 1969.
u
717-464-3321