Fair share
I
(Continued from Page C2B)
This aggravates the long
standing problem for
beginning farmers of sur
viving lean early years.
Partnerships, part-time
farming, renting and
leasing, and off-farm jobs
are being used by new
farmers to stay afloat.
While the general financial
factors discussed dominate
farm finances, income
problems tend to vary by
commodity mix, geographic
region, size of business,
tenure, and operator age.
Obviously, variation in
financial situations occur
within each of these
categories.
Commodity mix is a key
mcome factor. Some com
modities, such as fruits, are
grown under production
contracts that set prices m
advance, thus limiting but
For a limited time only take your choice of two special
incentive plans for buying a new Case tractor now.
Cash rebates up to $5000.00 or 14% A P Ft
financing plus cash rebates up to $2500 00
14% A.P R. financing plus rebate - You will be offered
14% Annual Percentage RatefA PR) financing on your
new tractor purchase, plus the generous rebate indi
cated at right for each eligible model, if your tractor is
financed with J I Case Credit Corporation NOTE This
special rate does not apply in Montana, Arkansas,
Washington and West Virginia
Offers available at participating Case dealers
Example of special 14% A.P.R
financing on purchase of
new selected Case tractor
Cash price of tractor
Down payment cash and/or trade-in
Amount to be financed
Annual Percentage Rate
Number of payments
Due dates/penods
payments
Amount of each payment
Finance Charge
Total of payments
• CONVENIENT • PARTS
FINANCING • SERVICE _ „
• LEASING • RECONDITIONED SBO Of Call US flO\
• RENTALS TRACTORS
DEPENDABLE MOTOR CO.
East Main Street
Honey Brook, PA
(215)273-3131
STOUFFER BROS., INC.
1066 Lincoln Way West
Chambersburg. PA
(717)263-8424
A. L HERR & BRO. ZIMMERMAN’S C. y. FULTZ EQUIP. CLAIR I. MYERS I& I SUPPLY, INC.
312 Park Ave FARM SERVICE RDI Lake Road R 1 RDS Danville PA
Quarryville, PA B , pi Spring Mills. PA Thomasville. RA (717)275-0927
(717)785-3524 (717)933-4114 (814)422-8805 , 2miSoHßtes4
assuring a return. Others
are protected by Govern
ment price supports to
stabilize prices.
Some farms seek stability
by diversifying. But many
producers opt for economics
of scale by concentrating on
one commodity, even while
recognizing its cyclical
pattern offers feast or
famine years.
Regional variations are
considerable, due to farm
size, soils, commodities
produced, and weather
patterns.
Farm net mcome m 19T8
ranged for $56,706 in Arizona
to only $Bll in West Virginia.
Arizona’s high per capita
mcome figure comes from
the dominance of the
relatively few large
irrigated farms that
dominate that State’s
agriculture. West Virginia,
Models 885, 990, 995, 1210 and 1410 14%APR up to 36 months
Models 2090, 2290, 2390, 2590, 4490, 4690 and 4890 14% APR up to 48 months
May 1, through June 30,1980
EDWARDS FARM EQUIP.
291 West Moorestown Road
(Rt 512 Clearfield)
Nazareth. PA
(215)759-0240
PEOPLES SALES & SERVICE
Oakland Mills, PA
(717)463-2735
on the other hand, is
characterized by relatively
snail, part-time farming
operations.
This geographic variation
also relates to still another
important element:
variation by size or volume
of business. Many farms,
especially large farms, can
do well without price and
income support programs.
But on the other hand small
farms often cannot benefit
much from programs that
tie benefits to the quantity of
a given commodity
produced.
In between the large-small
extremes, operators of
medium-sized farms may
face the worst squeeze of all.
They are often less free than
small farm owners to sup
plement their incomes with
off-farm work. Yet they
don’t have the economic
muscle to bargain for
discounts on major inputs or
Eligible Models
(new units)
885 990 995 1210 1410
2090 2290
2390 2590
4490 4690 4890
Your rebate check will be sent direct to you from the
Case Company or, you can apply the rebate towards
your down payment NOTE Government Agencies/
Departments do not qualify for rebate
both new fracfor offers valid
$47 500
9 500
$3B 000
Ends of 12 24 36
and 48 months
SI 3 041 78
$l4 167 12
$52 167 12
Elmer Rd , Richwood NJ
(609)881-2692
BINKLEY & HURST BROS.
133 Rothsville Station Rd
Lilitz, PA
(717)626-4705
Special waiver of finance
charges on all used
agricultural tractors.
If you buy a used agricultural tractor of
any make from a participating Case
dealer and finance it through J I Case
Credit Corporation we U waive finance
charges for six (6) months from date of
purchase Offer valid on tractors pur
chased during the period of April 1
1980 through June 30 1980
E. W. BII.EWICZ
E-QUIP., INC.
price premiums tor their
produce. Some experts
contend that these are the
farms most m need of price
and income support
programs.
Farm owners aren’t the
only ones m need of help.
Tenants and part owners
still hold a significant
number of farms, despite a
decline in tenant farms from
42 percent of all farms m
1935, to about 11 percent in
1974. During that period, the
percentage of farms
operated by full owners rose
from 47 to 63 percent, while
those operated by part
owners increased from 10 to
26 percent.
Part owners, who both own
and rent land, control most
U.S. farmland and produce
the highest value in products
sold. The part ownership
increase in the 1970’s
reflected a painful dilemma
for some farmers; While
Rebate
only
14% A P R
plus rebate
$2OOO
$lOOO
$3OOO
$l5OO
$2OOO
$4OOO
$5OOO
$2500
:zm
C. H. WALTZ SONS, INC.
RDI Cogan Station PA
(717)435-2921
PAUL SHOVER’S, INC.
35 East Willow St
Carlisle, PA
(717)243-2686
Lancaster Farming, Saturday, May 17,1980—€29
unable to justify buying land
from a cash flow standpoint,
ownership offered con
siderable benefits m current
and potential capital gams.
A fmal factor is operator
age. Young farmers tend to
have a higher debt-asset
ratio than older, more
established farmers. Thus
younger farmers, who still
face large debts they in
curred m getting started and
a lower accumulation of
assets m such capital items
as land and equipment - are
more likely to face cash flow
problems. In other words,
farmers neanng retirement
are far better able to expand
than young neighbors who
have the energy and am
bition to do so - but who lack
the means to come up with
the necessary money.
In devising future
programs and policies,
Government officials must
balance these and other
factors if they are to succeed
in strengthening the position
of the types of farmers who
most need help—the young
ana new entrants, the
medium-sized full-time
operators, and the small
farms.