THE MOST VERSATILE THE SYSTEMS PEOPLE _ <**■" drying, CONVEYING & STORAGE EARLY ORDER DISCOUNTS Now In Effect On GRAIN EQUIPMENT GSI BINS 4 * smm* > • Automatic Batch THE ALL NEW J-SERIES “The Energy Saver" , A 'TV V FARM FAN DRYERS • Two models CMS-320J CMS-420J • The J Senes is specially designed to • Choice of Continuous Multi Stage or meet today's need to save energy Continuous Flow drying • Big capacity drying for high volume • Exclusive Automatic System Control gram operations is weatherproof and tamperproof • Backed by almost 30 years exper • Temper Dries' automatically for lence in gram conditioning premium qua'ity gram r E/HHERR EQUIPMENT, IMC. FARM A HOME SUPPLY *». i mmtoam.ummwatm. wiuowmorf.v*. Pfcon.: pn7)4M-Sl3ai FEATURING: ■ All galvanized steel with G-90 galvanized coating, including galvanized doors. ■ Our steel is A 446 Quality or a min imum yield of 40,000 oounds per square inch. * KPfJR -W» -. —Jgat—■ Drought high cloud 1980 financial situation LANCASTER - In 1980, farmers were faced with major financial problems brought about by high in terest rates and tight credit in the spring and widespread drought. Farmers in drought stricken areas will enter 1981 heavily burdened with debt because of the need to obtain extensions and renewals of existing debts Farmers not affected by the adverse weather should be in a stronger financial situation Interest rates are ex- ■ Walk around on top of roof. ■ Equipped with safety rings. ■No welding any where on roof, pre vents rust. ■ Slotted holes to raise & lower roof for air movement for drying FULL LINE PARTS & EQUIPMENT WE SELL, SERVICE AND INSTALL Serving The Industry Over 20 Years Net farm income will be between $23 and $25 billion in 1980, down from $3l billion in 1979, However, projected higher farm prices, lower interest rates, and a decline in the rate of increase in production expenses should contribute to increased net farm come in 1981 - currently forecast from $27 and $32 billion steps SCHULD BULK STORAGE BINS SPECIAL SALE ON BINS IN STOCK GC-140 Grain Cleaner • Self-Contained • Power-Drive • Elevating • Mobility Paddles • Fines Removal • Construction CLEANED GRAIN DRYS FASTER AND KEEPS BETTER —«c*. v i s DIRECTION FARM 4 HOI a»3 w 30 W \ wiuow snwirl 1 Mill SOUTH Of WILLOW STITftT S H(K / m Wf 2 1 MILE SOUTH Ol 1981 outlook brighter pected to remain high in 1981, however, they are expected to be lower, on average, than this year’s rates TO EM HERR \E SUPPLY. S 30 E ★ CM HERR FARM 4. HOME SUPPLY OUAMTVIILE IF WILLOW STREET Lancaster Farming, Saturday, November 29,1980—C19 interest rates The higher farm prices forecast for 1981 are due to a substantial drop in supplies of commodities as well as expectations of strong ex port demand. Cash income from both farm and nonfarm sources rose slightly in 1980 and is expected to take a sub stantial jump in 1981. As a whole, farmers are likely to be m an improved financial position by the end of 1981. However, hog and poultry producers’ incomes are expected to improve only marginally while producers of vegetables, fruits, and nuts are forecast to have lower incomes in 1981 Gross investment in 1980 is forecast at almost $l2 billion, down from $21.6 billion in 1979 and con siderably below the nearly $4l billion projected for 1981. The reduction m 1980 reflects widespread postponement of purchases of capital items because of low income prospects and high interest rates. Delayed capital purchases and refinancing of short term debt resulted in a Manor FFA attends convention LANCASTER - Fifteen members from the Manor chapter of the FFA attended the National FFA Con vention m Kansas City, Mo. On the trip west, the group visited the Vigortone Premix plant, the Indianapolis Speedway, The Purina Research Farm and Merrimac Caverns. While at Kansas City, they toured Genera) Motors Armco New & Used Silos HR New & Used Extensions ffl Tear down & Rebuild M Gunite silo relining & repairs w Replastering, roofs, 1 permanent pipe & fly distributors ffl Oxygen Limiting Silos U above and below ground W manure storage ffi Jamesway Unloaders Bfl Barn Equipment HO Write or Call Bu DETWEILER SILOS i Rd 2 Box 267-D Newville, PA 17241 HI Phone: Hi] 717-532-3039 M 717-776-7533 717-776-3288 Rfl decline in the growth of nonreal estate debt. Higher farm incomes in 1981 may slow the rate of increase in real estate lending while nonreal estate lending accelerates to finance delayed purchases of machinery and equipment. The value of farm assets is expected to rise almost nine percent in 1980 to a forecast total of about $1 trillion - the smallest increase m both absolute and percentage terms since 1977 Total farm debt is projected to rise almost 15 percent in 1980 and an ad ditional 15 percent in 1981. The shares of total farm debt outstanding held by the Farm Credit System and the Farmers Home ad ministration are expected to rise during 1980. Low net farm income, together with high interest rates and tight credit conditions reduced activity in the farm real estate values are expected to rise between seven and 12 per cent in 1980 and between 11 and 16 percent in 1981. This compares with a 15 percent increase in 1979. Steel plant and attended the National FFA Convention. They saw the American Royal Rodeo where Jim Stratford of the T.V. show, "Those Amazing Animals” appeared. On the way home they stopped at the Arch In St. Louis, Missouri, arriving home in MUlersville on November 16.
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