C34—Lancaster Farming, Saturday, October 25,1980 Loan guarantees to finance 15 fuel alcohol plants WASHINGTON, D.C. - Federal financial guaran tees have been approved for 15 new plants in 14 states to help launch the United States on a substantial program for fuel alcohol production. Secretary of Agriculture Bob Bergland said last Friday. “These projects,” Bergland said, “will produce more than half of the national production goal set by President Carter in his message of Jan. 11, 1980. At that time, the President set a goal of 500 million gallons of alcohol and methane production by the end of 1981 as a supplement and alternative to petroleum fuels.” Bergland said $341.6 million of loans by banks and other private financial in stitutions will be guaranteed by the Farmers Home Ad ministration for building of plants to produce an estimated 246 million gallons of ethanol per year. FmHA, the rural credit agency of the U.S. Depart ment of Agriculture, will guarantee the loans under its authority to support business and industrial development in rural areas, said Bergland. The agency previously has approved $36,209,470 of loan guarantees for 14 other plants with ethanol production capacity totaling approximately 18 million gallons per year. “The projects announced SERVING THE FARMERS FOR 107 YEARS Euk hyiMfr iuun4 tm MQOOO HAMBURG SAVINGS FDIU ■ TDIIQT PfUIPAkIV •iMKAt MFOSH IMSUtANCI CMFMAIMN | | ff|l V Hamburg, PA Phone: 215-562-3811 A FULL SERVICE BANK today,” Bergland said, “combined with those previously approved, far exceed the $lOO million goal set when the USDA agency opened its rural business and industrial program to fuel alcohol plant projects last January. Projects approved by the agency account for about 264 million gallons, or more than one half of the 500- million gallon production goal set by the President. When he announced his target in January, annual fuel alcohol production was about 80 million gallons nationally.” Use of the USDA loan guarantee authority gave the nation a thrust forward on fuel alcohol development, pending passage of special synfuels legislation which was enacted and signed by the president last June, Bergland said. None of the plants _are in Pennsylvania. Under the synfuels program, USDA will ad minister a $525 million loan program for building biomass energy production facilities, including fuel alcohol plants of up to 15 million-gallon annual production capacity. Most larger plants developed under the synfufels program will obtain federal financing through the U.S. Depart ment of Energy. The 15 projects announced today involve about $482 million of plant construction costs, of which about 80 percent will be financed through USDA-guaranteed loans. A business and in dustrial loan guarantee covers Up to 90 percent of any net loss a lender might incur, Bergland said. Most of the plants will use com as a feedstock, although some will use other grams DROUGHT DISASTER PREVENTION IS BETTER THAN DROUGHT DISASTER PAYMENTS You don’t get the payments unless it is quite serious. Also government handouts just increase the taxes. “BACK TO NATURE” FARMING DOESN’T MAKE it da|u 11 llfllllbut it conserves much more of the rain. At least there is something that makes our customers crops better than most competition this year, especially our 2nd and 3rd year customers. Or do you think it may be the plant food that did it? We believe it is both. And some grow commercial tomatoes and cantaloupes without spraying with practically no damage from bugs and disease. And some have about half again more protein than competition in field crops and half again higher sugar reading in vegetables, better keeping quality and earlier maturity. Figure how many extra dollars worth of protein you would get off a field at today's price of 40% protein feed. NATIONAL AG SOIL TREATMENT, Iqu , d s Pray ,„e former soil conditioner, proven by Penn State) breaks hardpah and lets the water down. Guaranteed. When drought comes, the water seeps up again like a wick effect Also, roots can go down when hardpan is broken. NEMATODES, AFLOTOXIN and EXOTIC NEWCASTLE DISEASE ARE GETTING PRFVAIFNT I BIL V HLLII I according to page D3l and C 36 of the Oct. 18 Lancaster Farming. It says “Aftoxin affected corn is all but useless on the market as it cannot be formulated safely into most animal feed products.” The trouble is some farmers feed it and don’t know it till their vet bill gets too high, „ , WHEN WILL AGRICULTURE AGENCIES AND FARMERS WAKE UPJD THE CAUSE OF DISEASE? If you drive on a man's toes and he hollers, should you get off or cut out his tongue? You can't beat the Creator’s plan or instructions. Do you ufce a John. Deere manual for a Ford? "Do we provoke the Lord to jealousy? Are we stronger than He?” I Cor. 10:22. OUR PROGRAM COSTS LESS THAN CHEMICALS ON A YEARLY BASIS after the first year our BX bacteria spray saves you very much fertilizer, about half, more or less, while at same time helps prevent bugs, nematodes and af lotoxin pestilences. Did our forefathers have those troubles before they used chemical fertilizer? Now by using toxic sprays to try to cure the effect of toxic fertilizer, you intensify the problem-a vicious cycle indeed! There are already many sorry farmers and it will get worse, but fortunately also many happy ones - our customers. HAVE A PROGRAM WITH SOIL TESTING AND CONSULTATION THAT WORKS. WE Most of our materials are best applied in the all. And our Fla. phosphate supplier already has trouble getting enough empty R.R. cars for our demand. Better get it now. Spread while soil is dry including pastures. It glues to the soil and doesn’t leach, soil tests are $l5 with consultation. We make recommendations for your benefit, more than ours, with service. It is not a grab your check and run deal. DEALERS WANTED FOR NATIONAL AG SOIL TREATMENT AND OX. They will soon get popular and easy to sell, tiasy to carry in gallon jugs. Get your territory now and then help farmers survive. Fall is also the best time to apply these products. Free literature. and other commodities such as molasses and potatoes. If all used com, the total an nual consumption would amount to more than 110 million bushels, he said. The alcohol production would replace ap proximately 6.3 million barrels of oil a year for use ORGANIC CENTER as motor fuel. Most of the plants will use coal or wood products for boiler fuel. USDA has approved plans for the project submitted by developers' subject' to ac ceptance by lenders and borrowers of conditions imposed to meet the requirements. The loan 217 S. Railroad Avenue New Holland. Pa. 17557 717-354-7064 guarantees to be issued the agency will be put i effect only after the c struction of the alcohol f plants have been built i have met agency operat performance standards. Most projects plan to be operation by the end of 19 Berglandsaid. MORE
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