ATTENTION FARMERS... FREE ESTIMATES ON RODENT CONTROL RODENTS carry diseases which can endanger the health of your flocks. Your business is raising the flocks. Ours is protecting them. Since 1928 Pest control is too important to trust to anyone else NO. I REASON FOR NO-TILL. No matter how you slice it, No-Till age farming is more economical than conventional farming and every bit as productive. The secret is a super-efficient herbicide called ORTHO Paraquat CL. It kills on contact with extraordinary speed and destroys an exceptionally broad spectrum of unwanted weeds and grasses. After spray ing with Para quat and your recommended residual herbi cide, you sim ply plant com or soybeans A i-' If!. 1 iw \S } iMmt 1278 Loop Rd. Lancaster, Pa. 17604 717-397-3721 Commodity dealer defends market WEST LAFAYETTE, Ind. The U.S. gram marketing system remains the world’s commodity trading ben chmark despite some problems, a gram company official said here today. Ted Rice, vice president commodity research. Continental Grain Company, told a conference on agricultural trade sponsored by Purdue University that “many of the problems of grain marketing are caused by factors beyond the control of the system.” “We cannot, for example, blame the system for low grain prices or low farm income,” he explained. “These are caused by either excessive supplies or poor demand, both related to the vagaries of weather, political actions and other developments which can right into the stubble of a proceed ing crop. There is no tillage in volved. You save time, labor, and since No-Till is a once across the field operation, significant fuel costs. For best results, apply Para quat with ORTHO X-77" Spreader. DANGER: Paraquat is highly toxic if swallowed and should be kept out of the reach of children. To prevent accidental ingestion, never transfer to food, drink or other containers. Read the label carefully and follow all directions, danger statements and worker safety rules. Restricted Use Pesti cide. Use all chemicals only as directed. Chevron s Ortho PARAQUATCL *V IUT HI i MfwßO'N LHfVMO U i, k t nrf ' r l .i T 1 Rt ' ) \ny *. y 1/ p( i T ORlf * N< against neither be predicted nor controlled by the system.” Rice defended the system against the charge of creatmg unstable grain prices. “Marketing monopolies, such as the Canadian and Australian wheat boards, may have a common price to producers through their pooling arrangements, but the boards may sell on un stable and fluctuating world markets.” Said Rice, “If a farmer is content with average pnces, I would suggest he try to market an equal share of his crop each month... or better still, each week.” Rice def med the role of the system in developing export markets supplying those outlets at competitive world pnces. “Ten years ago, this Lancaster Farming, Saturday, March 22,1980—P23 pricing charges country suppbed about 43 percent...less than half...of the world’s traded grain. This year, the United States will supply 58.5 percent of the total.” This supply capability was attributed by Rice to the productivity of U.S. agriculture as well as various trade market development activities. “One must give much credit to those firms which make sales to overseas customers and which provide the physical facilities to move our products into export channels. They have sought our markets, they have expanded and maintained markets and they have provided the capital in vestment to do the job,” he said. In summarizing the U.S. gram export industry, Rice acknowledged that five in ternational firms account for a large percentage of total commodity shipments for this country. But, he went on, “what isn’t well-known is that a cooperative was the fifth m volume in 1978, and that there were 22 members of the North American Export Gram Association who each exported more than a million tons of gram.” And, he added, this ex cluded two major cooperatives that were not members of the NAEGA, but are believed to export well above that amount. According to Rice, the U.S. grain export system is highly competitive and provides reasonable marketing margins. “We have established there are a large number of firms, including cooperatives, competing for business,” he continued. 309 PLANTER • Versatile 309 comes m 2-row units can be toolbar mounted to make 2,4-row planters. • Large press wheels provide accurate drive for uniform seed spacing. • Available in drill or hill-drop models. • Row spacing 28 to 42 inches. • Fertilizer attachments (optional) with large fiberglass hopper. • Pesticide attachments for insecticides and herbicides available. SPECIAL SALE ON 2 & 4 Row Planters A ONE TIME OFFER MS] ALLEN H. MfITZ, INC. 505 E Main St., New Holland ggnH Ph: 717-354-2214 ■Miflifl SERVING THE COMMUNITY I—---J 1 —---J THIRTY-ONE YEARS 111 LANC. CO.'S OLDEST FORD DEALER And...“obviously, profits or perceived profits have been adequate to attract sufficient capital to provide the facilities for expanding trade.” Rice observed the spread in prices at which grain is offered to meet a specific export commitment is usually narrow and the difference separating the successful and unsuccessful offers is negligible. He discussed the im portance of U.S. futures markets not only to our own trading interests, but to the rest of the world. “Many people would be surprised to leam that the prices of Brazilian soybeans, Argentine sorghum. South African corn and both Canadian and Australian wheat are routinely quoted on a basis that is directly related to a particular U.S. futures contract.” And, he pointed out, “the Australian Wheat Board hedges some of its wheat m U.S. futures and offers the buyer the opportunity to trade in terms of basis.” “The truth is, the various non-U.S. gram boards need the free and open U.S. futures markets to discover prices or international values, as their own sales are insufficient to perform this vital function.” Rice noted the U S. gram exporting complex - com prising the nation’s agricutural production and marketing systems - has led in technology and inn novation, quickly and ef fectively meeting the challenge of change. “The needs of U.S. far mers, the general public and our overseas customers have been met. That, I believe, is all we should expect.” 2-ROW 309 PLANTER
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