pastern maintains happy outlook despite FmHA questions
SYRACUSE, N.Y. -
Eastern has been working
with the FmHA since May,
1978, in an effort to finance
the cheese plants in New
York and Pennsylvania.
Eastern said it understands
the FmHA is ready to ap
prove financing of these
plants, but has delayed this
final approval until
Leprino’s name is cleared.
We have confidence this
clearance will be -for
thcoming shortly, the Co-op
said.
Eastern has requested the
VblumatJcHT
silage distributor-unloader
Another reason why all ring-drive silo unloaders are
not alike: Wide-stance hexapod 3-point suspension
features big 6-inch pulleys and 5/10-inch steel
cables to assure proper balance, less stress.
Machine can’t tip or tilt; cuts level, from top to
bottom. Can be installed in empty, partly empty or
full silo.
See us for systems and service that help
make the good life better.
AGRI-EQUIP.
RD4, Farmersville, Ephrata, PA
717-354-4271
I. G. SALES
Rt. 113, Box 200
Siiverdale, PA
215-257-5135
G. HIRAM BUCHMAN, INC.
Rte.sl9-N.offßte.46
P.O. Box 185
Belvidere, NJ 07823
ERB & HENRY EQUIP., INC.
FmHA approve its finan
cing, subject to receipt of a
satisfactory report from the
FBA regarding Leprino.
Since the FmHA has already
completed its review work,
this puts no additional
burden on the FmHA,
Eastern said it is certain the
report will verify Leprino’s
good standing in the business
community. In this way the
FmHA is consistent with the
objectives of the
Agricultural Act of 1970 as
set forth below;
“The Congress commits
by JAM ES WAY"
Cuts evenly
22-26 Henry Avenue
New Berlinville, PA
215-367-2169
itself to a sound balance
between rural and urban
America. The Congress
considers this balance so
essential to peace,
prosperity, and welfare of all
our citizens that highest
priority must be given to the
revitalization and
development of rural
areas”.
Reports that Eastern will
be bankrupt or otherwise
severely financially
threatened by the failure of
its refinancing efforts are
ID
DEPENDABLE MOTORS ROVENDALE SUPPLY
Honey Brook, PA RD 2, Watsontown, PA 17777
215-273-3131 717-538-5521
215-273-3737
HENRY S. LAPP SOLLENBERGER SILOS
RDI, Cains, Gap, PA 17527 RFD 2, Chambersburg, PA
717-442-8134 717-264-9588
HARRY L. TROOP
Rt. 1 Cochranville, PA 19330
215-593-6731
DETWILER SILO REPAIR
Rt. 2, Newville, PA
717-776-7533
completely false, the Co-op
said.
Eastern is one of the
healthiest of all cooperative
in the Northeast whose
equity accumulation
program is continuing to
increase its financial
strength and capabilities,
the Co-op said.
The refinancing of its
receivable loans through
First Pennsylvania Bank
have lowered interest costs
significantly, and these
benefits are now being
1. A. SWOPE
Box 121, ftbl ‘
Myerstown, PA
717-933-4758
Lancaster Farming, Saturday, October 4,1980—D13
passed on to its dairymen
producers,
Leprino must take
required volumes of milk,
regardless of the success of
the refinancing efforts. It is
Leprino who is at risk for the
financing, if Eastern is not
successful in its efforts.
Losses Eastern has incurred
in the past due to processinf
of surplus supplies of milk or
sales of surplus supplies to
financially unsound milk
dealers is now a thing of the
past.
In 1981, Eastern will be the
only cooperative in the
Northeast having a total
capability of balancing
surplus supplies in the
spring and summer through
the New York and Penn
sylvania cheese plants,
Eastern clamed.
Eastern stands to gam
through completion of the
refinancing by ownership of
the cheese plants. These
plants will be paid for by
Leprino over 20 years.
Cel the wofkh<
with speed
Like a workhorse, the Gehl 920 self-unloading
forage wagon is big, steady and dependable
And worm gear drive provides fast, smooth,
even unloading Large diameter drums with
spiral teeth arrangement eliminate wrapping
So you keep it moving all day long Stop in
and take a look at this workhorse today
Waiver of Interest Plan Until
March 1,1981 On All
Hay & Forage Equipment
GEHL
FARM EQUIPMENT
PEOPLE’S SALES & SERVICE
Oakland Mills, PA
717-463-2735
H.G. HERSHEY & SON
Manheim, PA
717-665-2271
A. L. HERR & BRO.
Quarryville, PA
717-786-3521
S. JOHNSON HURFF
Pole Tavern
Monroeville, NJ
609-358-2565 or
609-769-2565
STOUFFER BROS. INC.
Chambersburg, PA
717-263-8424
ARNETTS OARAGE
Rt. 9 Box 125
Hagerstown, MD
301-733-0515
UMBERGER’S MILL
Rt. 4 Lebanon, PA
(Fontana)
717-867-5161
ZOOK’S FARM STORE
Honey Brook, PA
In addition, Leprino takes
the risk of production;
production problems have
been the Waterloo for other
cooperatives in the Nor
theast, Eastern said.
Eastern said it wants the
refinancing completed, but
our producers can rest
assured that Eastern will be
strong in the future regar
dless of the outcome.
Eastern said it believes its
FmHA Application meets all
requirements of the FmHA
program, and the FmHA will
help Eastern complete its
financing.
A6WAY, INC.
Chapman Equip. Center
Chapman, PA
215-398-2553
CHAS. I. McCOMSEY t SONS
Hickory Hilt, PA
215-932-2615
WERTZ GARAGE
Lineboro, MD
301-374-2672
LEBANON VALLEY
IMPLEMENT CO., INC.
Richland, PA
717-866-7518
CLAIR 1. MYERS
Lake Road Rl
Thomasville, PA
717-259-0453
PETERMAN FARM EQUIPMENT, IRC.
225 York Rd.
Carlisle, PA
717-249-5338
BINKLEY & HURST BROS.
133 Rothsville Station Road
Lititz, PA
717-626-4705