C26—Lancaster Farming, Saturday, January 24,1981 WASHINGTON, DC. - The Economics and Statistics Service has developed new procedures to measure statistically the economic status of U.S. farms and farm operator income Long-standing data senes such as farm mcome and the balance sheet of the farming sector are being revised to better reflect today’s farm sector. Since the revised measures have not been oft.cialiy adopted, they are published here with Co-op meeting (Continued from Page C 25) Sh-' noted escalating campaign costs, increased pi it-ssionalism in campaign m. cagement. and more sn'lnsticated polling teci. Piques have all con tributed to the greater role of money in politico todav He concurred that the legitimate use of money .s an ideal way to be involved in the political arena The Californian congratulated cooperative leaders for raising then profile on the political scene He told them it would bring the changes they want to see, and concluded that such paiticipation not only helps preserve cooperative principles but also upholds our democratic form of government NCFC Chairman Ronald N Goddard said that cooperatives shouldn’t fear growth, success, of in novative change, provided they result from op portunities to serve farmer members American far mers are too important at this stage in history, he said to leave their destiny to others Goddard cautioned that, although he’s encouraged innovative approaches for cooperative activity, true cooperative growth in volume as well as mergers requires careful handling to insure proper public in terpretation In this process, he added, cooperatives should positively dif ferentiate themselves from corporate competitors and clarify their role as a historical part of private enterprise The Agway chief executive WIC BEDDING-CHOPPER M. IF? CREUTZBURG, INC. Livestock Supplies Phone 717-768-7181 Open Daily - 8 to 5; Saturday 8 to 12 ★ p: jducts are available by mail ■ ■■oiaiHHßaiiaaiHßiHiuiHU Send For CREUTZBURC. INC. FREE CATALOG: Lincoln Highway East, Box 7 Paradise, PA 17562 NAME STREET CITY STATE USDA to revise farm financial reports traditional measures of farm mcome, assets, and debt for 1977,1978, and 1979. The new measures will permit the earnings and financial dimensions of the farm business to be distinguished from farm income and finances Ad ditional data, when available, will also provide a way to include more in formation on the financial status of farms by size, type, location, and ownership. The revised balance sheet statistics differ from the told NCFC members that if they believe government will affect the future economic well-being of American farmers and their organirations their direc tion is clear You must get involved in the political process,” he declared, and consider this activity as vital as any other part of vour business operations " Goddard said a new Congress and Ad ministration should make cooperatives resolve to be involved in the critical issues of the day He stressed the need for fiscal responsibility to preserve the nation, and said that we must make our legislators hear us as well as our own people During the business session, NCFC delegates elected the following new slate of officers for 1981 Chairman, Ralph Hofstad, president and chief executive officer. Land lnc , Minneapolis, Vice Chairman, Roger Baccigaluppi, president California Almond Growers Exchange, Saciamento, Vice Chairman, Joseph D Marshburn, executive vice president and general manager, Citrus World. Inc I,ake Wales, Florida, and President, Kenneth D Naden, Washington, D C The National Council of Farmer Cooperatives is the national legislative arm for U S farmer cooperatives It represents about 90 percent of the more than 6700 farmer cooperatives in the nation, with a combined mem bership of nearly two million farmers ★ CUT YOUR BEDDING TIME IN HALF! ★ Will Chop up To 60 Bales Per Hour ★ Available With Battery or Gasoline Engine ZIP familiar series mainly in that the assets and debts associated with the farm operator’s household, dwelling, and motor vehicles are removed. Using the present ac counts, total farm assets increased 14 2 percent from January 1, 1979, to Ja" ■ 1, 1980 from $918.9 billion Under the revised set of accounts, the value of total assets in creased 14.8 percent from $715.2 billion to $821.0 billion Total liabilities in the present accounts including operators’ dwellings in creased 15.6 percent, from $136.1 billion on January 1, 1979, to $157 3 billion on January 1, 1980 Under the revised format, liabilities were up 15.5 percent from $126.8 billion on January 1, 1979, to $146 4 billion on January 1,1980 The revised income ac counts differ fiom the original net farm income accounts in two ways Household income and ex penses are removed as in the revised balance sheet ac counts, and Commodity Credit Corporation (CCC) loans are treated as loans, not commodity sales as in the present net frm income accounts. Net farm income in creased from $26 1 billion in 1978 to $3l 0 billion in 1979, a gain of 19 percent The relevant measure of net income under the new format, returns to operators, also inceased 19 percent, from $21.6 billion in 1978 to $25.7 billion in 1979 Cash income from far ming, a new measure reflecting farmers’ cash flow, increased only nine percent, however, from $34 8 billion in 1978 to $38.0 billion in 1979 Factor payments (returns to the factors employed in farm production - land, labor, and capital! increased 19 percent from $43.9 billion in 1978 to $52 4 billion in 1979 TAKE YOUR CHOICE OF THESE 3,888 SO. FT. BUILDINGS... . P „ntedMummum S«i« . Bare eS SMhnC D°° r ' Sf>M • c £ *all SWmg Door • 1 1? Entrance Door 3 qq* SPECIAL I JI — * Ask About Winter Special Discounts On All our Other Buildings! Specializing In All Types Of | Farm and Commercial Buildings! 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