Soybean group demands six embargo actions * ST. LOUIS, Mo. The relief from the Soviet em- Amencan Soybean bargo without the need for Association has demanded costly soybean reserves or the U.S. Department of other government subsidies Agriculture take immediate In a telegram to Secretary action to provide soybean of Agriculture Bob growers and consumers Bergland, ASA recom- THE NEW . ■non horses MORE HORSES MORE IRON More usable power at the PTO, drawbar, 3-point hitch, and remote outlets The 4840 above at 180 hp is the biggest of the NEW IRON HORSES But it shares all its family traits with four smaller brothers the 155-hp 4640 130-hp 4440 110-hp 4240 and 90-hp 4040 They all have the same build husky Stop m for details on their individual engine chassis and power tram measurements We II be happy to answer all your questions on the tractors with more horses and more iron WAIVER OF FINANCE CHARGES TO MARCH 1, 1980 ON NEW & USED JOHN DEERE TRACTORS & IMPLEMENTS FINANCE JDFP LANDIS BROS. INC. Lancaster, PA 717-291-1046 ADAMSTOWN EQUIPMENT INC. stows mwfflr 215-484-4391 PIKEVILLE EQUIPMENT INC. , nP C n nF r,u r Oyster Dale Road 1 „ Oley RD2, PA New Holland. PA 215-987-6277 717-354-4191 Q ISIP NEUHAUS'ES INC. RD2, York, PA 1-83 Loganville Ext 3 717-428-1953 or 235-1306 mended implementation of six programs to provide short and long-term relief from the effects of the Soviet embargo which could save U.S. taxpayers $l5-$2O million for soybeans alone. Grinders built for tractors over 100 hp Team a high horsepower tractor and a 700/750 Gnnder/Mixer and you’ll spend less time grinding Save more time for other jobs John Deere engineers designed the 700/750 Mixers to work with trac tors up to 155 horse power with 1000-rpm PTO to keep rations moving See us soon for a John Deere 2 or 3-ton Mixer ROBERT E. LITTLE INC Zieglerville, PA 215-287-9643 STANLEY A. KLOPP INC. Bernville, PA 215-488-1510 KERMIT K. KISTLER INC. Lynnport, PA 215 298-3270 FOSTER EQUIPMENT SALES Elmer, NJ 609-769-1535 “As you know, ASA has consistantly supported federal policies which allow farmers to receive their income from the market place rather than from federal subsidies,” ASA President Allan Aves said in a telegram to Agricultural Secretary Bob Bergland. “We still oppose a federally-financed soybean reserve program. This embargo, however, has created a severe economic hardship on soybean growers and we therefore request immediate gover nment action.” ASA recommended the following six programs: Increase by at least $298 million in the current fiscal year Commodity Credit Corporation export credits to finance exports of soybean products to developing nations. Increase Food for Peace (PL4BO) funding to allow increased export of soybean products to needy people in developing nations. Implement the in termediate-term credit provisions of the Agricultural Trade Act of 1978 which would allow 3-10 year loans to foreign customers so they could construct processing and M.S. YEARSLEY & SONS West Chester, PA 215-696-2990 AGWAY INC. Chapman Equipment Center Chapman, PA 215-398-2553 I.G.’s AG SALES Silverdale, PA 18962 215-257-513$ Lancaster Farming, Saturday, January 19,1980—ASS storage facilities for agricultural commodities. Make CCC export credits available to the People’s Republic of China so soybean exports to that natiort can be maximized. Request Congress to grant USDA authority to establish a $5 billion revolving fund for CCC export credits. Increase soybean market development funding through USDA’s Foreign Agricultural Service by $1 million this year, $2 million m 1981 and $3 million m 1982 m order to help soybean growers develop new or expanded markets to replace the lost Soviet market. During the current fiscal year, FAS investment in soybean market develop ment activities totaled $2.8 million. Announcement of the six pomt plan was one of several initiatives made by the American Soybean Association leaders last week in the wake of President Carter’s an nouncement of the embargo of gram and soybean ship ments to Russia. ASA immediately called on the Commodity Futures Trading Commission to suspend trading for two days until important questions could be answered regarding government actions that would be taken to reduce the impact of the embargo on farmers. oOraio Handler by OMAHA STANDARD For over 50 years Omaha Standard has been build ing quality and honest value into a complete line of steel and wood gram bodies All Omaha Standard bodies and hoists are built tough because they're engineered to work harder and last longer Look over our big selection of power-up, power-down hoists full line of rugged gates the toughest platforms in the business and our new extra capacity 52 inch steel sides Omaha Standard the most respected body and hoist at work on the farm today FARMERSyiLLE EQUIPMENT (U/J RD4, Ephrata, PA * 717-354-4271 Hours; Mon., lues.. Wed.. Fri. - 7:30 to 5:30 Thurs. till 9:00; Sat. til 3:00 In a telegram to the CFTC, ASA President Allan Aves said the action was necessary to “prevent mass confusion and panic reaction that would create havoc m agricultural markets and result m great economic hardships for farmers and others at home and abroad. The request to the CFTC was subsequently acted upon and trading was suspended at all. regulated futures exchanges last Monday and Tuesday. “The loss of the Soviet market will cost the U.S. about $2 billion in agricultural sales m 1980,” Aves says. “Agricultural exports are good for the U t S. economy and all Americans. We believe these six programs will save taxpayers millions of dollars in storage costs, will help U.S. soybean growers by re-selling the 45 million bushels originally sold to the Soviets, and help soybean growers in the long run by developmg new or expanded soybean markets to replace the lost sales to the Soviets.” “The CCC purchases of gram and soybeans has helped the grain com panies,” he said. “But this huge quantity of grain and soybeans that will cost more than $2OO million per year to store still hangs over the farm markets and will hurt all farmers by lowering their prices,” he said. Omaha Standard
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