» SALES HEAVY DUTY SPRAYERS 200 gal. & 300 gal. Trailer Models 110 Gal., 150 gal., 200 gal. & 300 gal. PAUL B. ZIMMERMAN, Inc. Hardware • Farm Supplies Custom Manufacturing • Crane Service Box 128, R.D. #4, Lititz, PA 17543 Wood Corner Rd., 1 Mile West of Ephrata Phone:7l7-738-1121 It pays to bring this coupon to us, your local Behlen builder. ———————— —— , “We have *2O that says Behlen integrated components can make grain systems a costly mish-m It's called believing in your product. And, with a grain system like ours, we can’t lose. Let us show you how to cut expenses with system components that are designed to work together. It’ll pay you just to listen. And it’ll pay you to build a Behlen system that meets your present needs while allow ing for future growth. Stop in for all the facts and a price quote. And bring the coupon to us to sign. Behlen will mail a $2O check to the first 50 farmers we give a quote to on any Behlen product(s) with a $lO,OOO or more list price. There’s no obligation to buy —only to learn the dif ference between a costly mish-mash and a system that saves you money. LEINBACH CONSTRUCTION CO. JHjrjwoP 3 Point Hitch Models Buckwalter Rd. t Rt. 1 Pottstown, PA 19464 215-327-0310 Mobile 754-9649 Farmers equal to the balance of the book value of the assets, or approximately $l.B million.” SERVICE In other words, total assets are roughly $21.8 million. Upon liquidation of the old organization, the remaining cash would be distributed to the preferred shareholders. Depending on the results of pending litigation, the actual figure may vary, but it is expected to be close to $l.B million. That would result in a payment of about 15 cents on the dollar to the preferred shareholders. Common shareholders will receive nothing. Atlantic Processing, Inc. will be formed by the present directors -of Lehigh Valley Cooperative Farmers in vesting $20,000 of their own money, officials say. The stock, however, will be subject to a voting trust, the trustee of which will be a bank. The Baltimore Bank for Cooperatives, which is the dairy’s principal creditor, will finance the transaction. But officials emphasize the Bank did not suggest the plan. • Fully integrated components • Extra strength, weathertight storage and drying tanks • Fast, efficient dryers /W 1 Bchlcn builders do it right.- - LeHi reorganization (Continued from Page Al) • Rugged, heavy-duty elevator legs • Hoppered holding tanks • Pre-cngmeered structural systems In conditionally accepting the proposal the Bank has agreed to repurchase $2.3 million of its own stock for 80 percent of its value from Atlantic Processing. That amount, about $l.B million, is the source of funds for the purchase of Lehigh Valley Cooperative Farmers. The Bank also has agreed to restructure other obligations. Once the new organizations are set up, Lehigh Valley Farmers would enter into a milk marketing contract with Atlantic Processing. Officials say the new marketing agreement would provide members with the same terms and payments as they now are receiving but would require par ticipation for one year. The agreement between Lehigh Valley Farmers and Atlantic Processing would be in effect until the debt to the Baltimore Bank is repaid. The plan further provides that Lehigh Valley Farmers may buy back the stock of Atlantic Processing, Inc. within 10 years at the same price paid. other Lancaster Farming, Saturday, March 29,1980—A27 The organization has been struggling to regain its financial footing smce 1974 when it was discovered the Co-op paid $5.2 million in overdistributions. In order to keep afloat the association collectively assessed its members $3.8 million. Fiscal 1978 was the first year smce then that the dairy operations showed a profit, but even in that year farmers were assessed to cover losses incurred during a strike at the Allentown plant. Fiscal 1979 is expected to show a considerable gam but the Co-op’s staggering debt Lancaster Guernsey tour April 7 LANCASTER - The Lancaster County Guernsey Breeders Association will conduct a tour Monday, April 7, 8:30 a.m. sharp meeting at the Lancaster Shopping Center, Routes 501 and 222. At 9:45 a.m. the group will tour the Inter-State milk processing plant, Vz mile east of Mt. Holly Springs on Route 34. At 11:15 p.m. they will reach the Lester VanArsdale farm, 1 mile east of Biglemlle on Route 234. This is a father and three sons operation with 175 head of Guernsey cattle and a new freestall set-up. This stop also features a covered manure storage facility with hydraulic ram and a lagoon. The milking facility is a double six parlor with Universal automatic takeoffs. This family farms 600 acres. Let Us Know Your Service Problems HOOVER DIESEL SERVICE PH: 717-656-6133 2998 West Newport Rd. Ronks, PA 17572 -DRIES WHITE I -DOES NOT RUB OFF EASILY f -NO WET FLOORS X - IS COMPATIBLE WITH DISINFECTANT AND FLY SPRAYS I - WASHES OFF WINDOWS & PIPELINES EASILY I ALSO BARN CLEANING SERVICE i AVAILABLE WITH COMPRESSED AIR I To have your barn cleaned with air it will I clean off dust, cob webs & lots of the old lime c This will keep your barn looking cleaner & i whiter longer f MAYNARD L. BEITZEL j Witmer. PA 17585 717-392-7227 ( Barn spraying our business, not a side-line I Spraying Since 1961 I WHITE WASHING with DAIRY WHITE HIGH PRESSURE WASHING AND | DISINFECTING POULTRY HOUSES I load, including interest to shareholders, has com plicated its overall financial picture. In July 1978 a proposal to buy stock back from preferred shareholders was withdrawn by officials when it became clear there was overwhelming opposition to it. That plan called for a $5OOO per fanner assessment and provided a 20 cents on the dollar distribution to preferred shareholders. A vote on the current plan is expected April 25 at the organization’s annual meetmg m Lancaster. At 12:45 p.m. the tour will include the farm of Mervin Myers. This also is a family operation with two sons. Snider’s Prince Lilly the holder of national class records and with a lactation of 2-9, 21,350 pounds of milk and 1203 pounds of fat —a 5.6 test in a 305 day lactation lives here. A manure holding pond with a mechanical manure ram and earthen banked holding area are also to be seen at this farm. The last stop at 2:15 p.m. will be the Hanover Shoe Manufacturing Company. Here the group will see shoes made from the leather to the box. Anyone interested in the tour is invited to attend. The group plans to car pool and everyone is asked to bring their own lunch. For more information call, 717/464- 2894,717/548-2618, or 717/626- 8055. Apple holdings up 7 million HARRISBURG - Penn sylvania apples m cold storage on February 29 totaled 108,310,000 pounds, 2.579.000 bushels of 42 pounds each, according to the Pennsylvania Crop Reporting Service. Apple holdings are up 7.160.000 pounds, or seven percent from a year ago. York Imperial apples m storage for processing, at 769.000 bushels, comprise the largest variety in cold storage, followed by Red Delicious at 502,000 bushels; Rome apples at 457,000 bushels; and Golden Delicious apples at 358,000 bushels. AND VEAL PENS. Jj
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