A2B—Lancaster Famine, Saturday, November 22,1980
BY CURT HAULER
STRASBURG Directors
and nominating committee
members for the Lancaster
Farm Credit Associations
were announced Friday
morning following three
separate annual meetings
Valentino, a 7-month-old bull calf sired by S.S Quicksilver of Fallneva, became
the highest selling Jersey at public auction of all-time when he brought 572,000
in the 1980 All American Jersey Sale, held recently in Louisville, Ky.
Valentino was consigned by Walebe Farms, Inc., of Collegeville, and pur
chased by a syndicate of more than 70 Jersey breeders from 25 states and
American Breeders Service. See other NAILE Dairy results on page D-5.
fM
the FIREPLACE COMPACT CONVERTER
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BOWMAN’S STOVE SHOP, INC.
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Tues., Wed., Sat. 9 to 5: thurs., Fn. 9 to 9
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DEALER INQUIRIES INVITED
WiKj
At annual meeting
Farm Credit members elect directors
which were held earlier in
the week
A total of 1000 farmers
attended the sessions, held
Tuesday night at Palmyra,
Wednesday at Strasburg,
and Thursday night at
Halifax.
Tops Jersey auction
* Bullard fFtre
■£j f p OW er~
For more information contact:
All mcmbent directors
were re-elected. -
Elected first position
director from Lancaster
County to the Production
Credit Association was
David M. Garber, R 1
Marietta. He operates a 1.25
million bird broiler setup on
a 150 acre farm. , ,
Elected the second
position director from
Lebanon County was Marlin
H Hitz, 252 Hemlock Lane,
Lebanon Hitz is in part
nership with three sons at
Dol-M'>r dairy, a 13 n cow
Holstein herd and jug
operation
1981 Nominating Com
mittee for the PCA will in
clude. David W. Brubaker,
Lancaster County, Clayton
R. Nissley, Lancaster
County; and Arthur R Krall,
Lebanon County
Alternates will be David S
Coble, Lebanon County;
Mark L. Copenhaver,
Lebanon County, and
Eugene R. Sweigard,
Dauphin County.
In the Federal I-and Band
voting, first position I Lan
caster County director went
to Paul M. Herr, R 1
Quarryville. He owns a 200
acre farm and feeds 500
steers and runs a 25,000 bird
laying operation.
The three members of the
1981 nominating committee
will be. Mark H Bom
berger, Lebanon County, R
Scott Buckwalter, I>ancaster
County; and Elmer H
Weber, ILancaster County
Alternates will include
John D Cassel, lLancaster
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RD #2, BOX 21
NEW HOLLAND, PA 17557
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County, G Sherwood
Huntzberger, Dauphin
County; and Robert F.
Keiper, Jr., Dauphin County.
In other business, General
Manager Carl Brown an
nounced the Board had
decided to change the annual
meeting date to sometime in
March so members can be
given a full fiscal year report
rather than a nine month
report as currently is done.
There \yas no objection at
the meetings so there will be
no annual meeting at all
during 1981. The next
meeting will be m March
1982.
Brown sidesteped the issue
of how high interest rates
will be in coming months. He
did encourage farmers to
“borrow smart,” noting
steers will have to do quite
well to pay for 20 percent
interest
Brown also asked farmers’
patience when accounts are
switched to new offices in the
computer system
Associate General
Manager Dennis Allen told
Lancaster area farmers of
two new offices being opened
to serve them. One opens
December 1 in Quarryville.
The second will be in New
Holland and is scheduled to
open in 1981. It will be
located near the New
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SLANZI DIESELS
The Oeutz 912 series engines are different
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Holland Livestock Stables.
Allen said both the PCA
and FLB are growing. PCA
has 166 new members, he
said That brings the total to
1352 members with an
outstanding loan volume of
$71,057,976
Land Bank also is growing
with 215 new members.
Currently it services 1225
members with an out
standing loan volume of
$142,308,017
Office Manager Bruce
Hoffman told fanners the
Association sees contmued
conservative use of money
imposed by the Federal
Government.
Based on the trends of the
past three months he
predicted higher interest
rates in coming months, and
a ’volatile” rates for some
tune.
He pointed to the rising
operating costs experienced
by the Associations due to
higher money costs,
salaries, travel expenses,
cost of office space, and the
80 percent growth in loan
volume
On the bright side he
pointed out that Credit
Banks still have good ratings
in money markets which
means they can gather funds
for borrowers’ use at
favorable rates
For lower cost per
hour power, rely on
DIESEL POWER