C2o—Lancaster Fanning, Saturday, September 27,1980
Inter
BLUE BALL Members
of Inter-State Milk
Producers’ Cooperative’s
Gap, Paradise and New
Holland-Leola locals held
their annual meeting
Tuesday evening at Blue
Ball.
Members heard a report
from Co-op General
Manager James E. Honan,
elected new officers, and
honored two long-time
members.
Honan told members that
the Board of Directors is
recommending Co-op dues
be increased by two cents to
12 cents per hundredweight.
He said Inter-State is one
of the lowest equity per
hundredweight co-ops in the
United States.
“If all goes well that will
be no problem,” he said.
But the Board said it wants
to increase the current 22
cent per cwt equity the Co-op
now carries. Honan said the
Board can reverse itself
later if the equity position is
raised to satisfactory levels.
By comparison, Honan
said, most Northeastern co
ops are carrying equity
positions of 40 cents to 80
cents per cwt.
The newly formed New
England co-op, Agri-Mark,
will be required to carry 94
cents per cwt in equity.
presented a 50 year membership award by Director Roy H. Book, right. The
Groff family has shipped to the Co-op for 50 years.
State District 6 holds annual meeting
Maryland-Virginia has $1.34 ' the Co-op. That is about $l5OO
per cwt in equity funds. per farmer member.
Honan also said the Board Honan said the money,
will ask members to decide which includes value of
whether to opt out of the new buildings and the like, is
Pennsylvania milk security being put to good use for the
fund kitty. members.
Members also will vote on The cost of marketing milk
a proposed state advertising for members increased to
and promotion budget. four times last year’s level.
Honan v told farmers they Honanjsaid that was due to
have $4.6 million equity in the amount of excess milk
Henry E. Kurtz, left, of the Gap local was given a
25 year membership award by Director Roy H.
Book.
" r*
Inter-State had to move this Honan pointed out last for Inter-State was $690,00
past fiscal year. He said year’s figure covered only about $60,000 below the go
most of the losses could be from April to July of 1979. set by delegates,
traced to 10 days around This year’s losses, cover Honan said the Co-op wi
Easter and Memorial Day the period from July 1979 to in good financial shape,
weekends. • the start of 1980. At that time He predicted Class I mi
He said there would be no a resolution was passed prices for the coming year;
added assemssment to saying Holly Co-op could lose about $l5 to $15.25 and sai
members to cover the no money. ten years from now the pri<
quarter of a million dollars As a result, apy losses are could be $3O per cwt.
lost. paid by the two owner In the election of officer
Holly Milk Cooperative cooperatives, Inter-State members of Gap local chose
also turned in some red ink: and Maryland Cooperative J. Kenneth Hersbey as
$390,000. That compares to Milk Producers. (Turn to Page C2l)
$345,000 last year. Net margin for the year
DISABLED & CRIPPLED
COWS, BULLS & STEERS
Competit
Pai
Slaughter
government
Ca
Frank Flllippo - Resid
Elam Ginder - 7
CL. King- 71
PO, INC.
ED-