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
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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
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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.