ergland reveals new crop program
WASHINGTON, D. C. - -
ecretary of Agriculture,
0 b Bergland, announced
ans recently to strengthen
, e marketing position of
rain fanners and to in
case the effectiveness of
i S Commodity Loan
rogram.
“The five-part program
SUTAN - LASSO
ATRAZINE
Apply Sutan Atrazine 18-6-G, with our Gandy
disk-mounted granular applicator.
Spray Sutan, Lasso & Atrazine or liquid
nitrogen with our sprayer.
Furadan and Dyfonate for root worm control.
Butyrac 118 for weeds in Alfalfa.
JONAS S. EBERSOL
l>/z miles North of Bird-to-Hand on Stumptown Rd.
See Your Local
Badger Dealer
A. C. HEISEY FARM
EQUIPMENT INC.
RDI Jonestown, PA
[7l7] 165-4526
SHOW-EASE STALL 6RUMELLTS FARM FISHER BROTHERS
CO- jam. «aa||f
523IMmM. HtthawsfifOrt Ph. 171712 U-2171
Lancaster, PA Quanyvile,PA * 162-3406
Ph. 299-2536 Ph. 766-7311
CARL L SHIRK ISAAC W. HURST U®® KREIDER
RDS RD2 PnfhnmriMe DA
Lebanon, PA East Earl, PA pi. 121519324700
Ph. 274-1436 Ph. [2ls] 445-5767 Ph. 1215] 932-4700
Seolcrete can paint your farm buildin
quickly and inexpensively
HYDRAULIC AERIAL EQUIPMENT
we are announcing will give
farmers the needed in
centives and assistance to do
a better job of marketing and
obtain better prices for their
crops,” the Secretary said.
Secretary Bergland an
nounced:
1. Establishment of a
farmer- owned food grain
Injector That
akes Sense.
BADGER VACUUM TANKS WITH IN
JECTORS give you a high-capacity effi
cient method of utilizing valuable liquid
manure • Unloading capacity is virtually
the same as normal top spreading. In
jectors feature heavy-duty toolbar with
3 adjustable, spring-loaded shanks to
penetrate soil • Injectors are mounted
REAR of tank. This prevents tires from
running over injected area, squeezing
manure out of the ground, reducing soil
permeability.
FARMING IS BETTER WITH BADGER
for J^ree
.estimate
reserve for the 1976 wheat
and rice crops;
2. An extension-until May '
31, 1977 - -for farmers to
participate in the loan
program for the 1976 wheat
and rice crops;
3. Increased price - sup
port loan rates for the 1977
feed grains and soybeans
crops;
4. Reduction of interest
rates - - effective April 1,1977
- - on commodity loans from
7 Vz to six per cent, and on
storage facility and drying
eauinment loans from 7 % to
seven per cent: and,
5. Increased amounts and
broadened coverage for
farm storage and drying
equipment loans, and
reduced down payment
provisions.
Hie reserve program will
accomplish three other
objectives, according to
Secretary Bergland. It will
insulate excess wheat and
rice stocks from the
marketplace, keep the
stocks in the hands of far-
CONTACT
John W. King, Salesman
Seal Crete, Inc.
(MAIN OFFICE)
RD2, Ephrata, PA
717-159-1127
mers, and hold these stocks
in readiness to meet U. S.
consumer needs as well as
export needs in the future.
FOOD GRAIN 1
RESERVES DETAILS
The three year extended
loans will be available on the
maturity date for the regular
loans on the 1976 production
of wheat and rice which is
stored on-farm and in ap
proved commercial
warehouses.
The Commodity Credit
Corporation will pay annual
storage in advance to the
farmers participating in the
reseal program. Storage
rates will be 20 cents per
bushel - -per year for wheat,
and 65 cents per hun
dredweight - - per year for
rice. Farmers will be
responsible for prepayment
of storage to warehousemen
for the extended period.
Farmers will be permitted
to repay the loan, sell the
commodity, and retain
earned storage under the
extended loan program when
the national average market
price reaches 140 per cent of
the current national loan
rate for wheat or rice, or
until expiration of the con
tract. Farmers will be
notified when the 140 per
cent level is reached. .
Storage credit will end
when the 140 per cent market
price level is reached. The
prices reach the 140 per cent
level, the repayment total
will be the loan principal,
plus interest, plus unearned
prepaid storage, either on
farm or in warehouse.
If the contract is broken by
a farmer selling the com
modity before the market
prices reach the 140 per cent
level, the repayment will
also include all storage
payments made, plus in
terest.
MEMO
HAY, STRAW
and EAR CORN
SALE
EVERY MONDAY
AT 11 A.M.
EVERY WEDNESDAY
12:00 NOON
NEW HOLLAND SALES
STABLES. INC.
Phone 717-354-4341
0
Lloyd H Kreider Auct
[WESTERN OFFICE]
Box 365, Martinsburt, PA
814-793-3716
Lancaster Farming, Saturday, April 16,1977 —
USDA will call in all loans
when the market price
readies 175 per cent of the
current national loan rate. If
a loan is not repaid within 30
days after the call, all
storage payments made,
plus interest, will be added to
the loan indebtedness.
Emergency release for
sale will be authorized if the
commodity is endangered
(fire, flood, damage to
structure, ect.) or if con
tinued warehouse storage
space is no longer available.
All current wheat and rice
support loans are eligible for
this program, but a ceiling
on the total quantity of wheat
and rice under the extended
reseal program will be
imposed in the future.
Secretary Bergland said
the reserve program gives
farmers a stronger hand
than they had under past
reseal or extended loan
programs. “At the same
time,” he said, “the reserve
program provides for an
orderly and equitable
handling of excess wheat and
rice stocks.”
“This program also
assures consumers and
foreign buyers of sup
plementary stocks when
prices reach certain levels,
while retaining maximum
flexibility for marketing
decisions x by farmers
themselves. This reserve
program removes the un
certainty about the flexibilty
of objectives so prevalent in
past reseal or extended loan
programs. We hope that this
farmer-owned reserve with a
maximum quantity
restriction will encourage
other countries around the
world to share in main
taining worldgrain reserves.
We have no intention of
becoming the world’s
granary, Secretary
Bergland stated.
With the announcement,
wheat and rice fanners will
be able to obtain loans on
their 1976 production through
May 31, 1977. With the
continuing softness in grain
/shivvers/ CIRCU-LATOR
Circu-Lator transforms your drying bin into a totally
automated Continuous Flow System with drying
capacities of 1,600 to 6,000 bushels of corn per day (25
percent -15 percent) depending upon bin and fan size.
It dries high moisture grain (30 percent and above)
with ease, and operates around the clock without
babysitting.
With the Circu-Lator, your entire bin becomes a
surge tank—fill it as fast as you harvest. When ad
jacent storage bins are full, the Circu-Lator becomes a
high capacity Recirculating Batch Dryer which may
be rapidly filled to the eaves.
Check into the Circu-Lator. See why the Best Con
tinuous Flow System is Also the simplest and least
expensive.
NORMAN B. LEAMAN
Willow Street, PA 17584
PH: 717-464-3688
markets and the uncertainty
of weather during the
coming critical growing
period for 1977 crops, the two
month extension will give
farmers additional time to
decide if they want to use the
loan.
Loan rates for feed grains
and soybeans grown in 1977
are being increased over
those announced October 13,
1976. The wheat loan rate
remains at $2.25 per bushel.
The new loan rates for grains
and soybeans are:
Com $l-75
Soybeans $3.50
Sorghum $1.70
Barley $1.50
Oats $l.OO
Rye $1.50
According to the
Secretary, the chance in the
loan rates is being made to
prevent a disastrous decline
in farm prices and income if
favorable weather occurs for
crop production this sum
mer. Although the wheat
loan rate remains at $2.25
per bushel, wheat will have
target price protection at
$2.47 per bushel. The new
feed grain loan rates will be
above the 1977 target prices
of $1.70 per bushel for com,
$1.62 for grain sorghum, and
$1.39 for barley.
Addressing the issue of
acreage allotments,
Secretary Bergland said
USDA is proposing alter
natives in new farm
legislation which would
eliminate them. The
Secretary added, “I urge
farmers to carefully look at
demand prospects and
market alternatives in
planning their operations
this spring, rather than
basing planting decisions to
build a history for future
allotments.”
COMMODITY LOAN
DETAILS
Effective this month, the
yearly rate on outstanding
1974-76 crop commodity
loans is reduced from 7
per cent to six per cent.
[Contimitd on Page 111)
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