CERTIFICATE OF MERIT HERDS Atlantic Breeders was pleased to honor these herds at our recent membership meetings. All had 1980 DHIA herd averages that were at least 15 percent above the state average for milk and fat production, and consisted of at least 65 percent Atlantic-sired cows. DAIRYMAN Noel & Holmes Hanover Yellow Buttercup Farm E Berlin El Rho Farm, Abbottstown Stoner Bros Dairy, E Berlin Roy A Weaner Jr , Gettysburg ALLEGHENY COUNTY Mayview State Hospital, Bndgeville ARMSTRONG COUNTY Leroy Shrock Dayton McChesney Bros New Galilee BEDFORD COUNTY Luther & Phil Steele New Enterprise Dawn Baker Martmsburg G W & R G Baker, Martmsburg Blackcrest Farms Altoona James Smith Roaring Spring Donald R Smith Martmsburg Harry Brubaker Roaring Spring Donald L Brumbaugh, Martmsourg Emile Dilling Williamsburg Dennis A Smith, Martmsburg Mary Walters, Claysburg Walterß Wurster Ottsville Clifford W Moyer Perkasie Ralph S Thrower Saxonburg FredW Heinz Butler David Myers Summerhill Pond Dale Farms Warriors Mark CHESTER COUNTY John S Stoltzfus Atglen J Raymond Harnish Oxford Walmoore Chatham Gerald Whitlmg Knox Glenn Hicks Dußois William McFadden Grampian Norman Whitaker Curwensville R Wnglesworth A Son Grampian CRAWFORD COUNTY Laverneß Johnson Linesville 50 9 Hoi D Slusser&B Gilson Centerville 65 7 Hoi Hines Brothers, Cochranton 62 3 Hoi MikeZulovich Edmboro 43 5 Mix Dennis B Halfast Centerville 42 2 Hoi CUMBERLAND COUNTY Paul Struck Mechanicsburg Norman Hertzler Mechanicsburg DAUPHIN COUNTY Paul L Cnssmger Gratz Resttul Acres Hershey Frank Pollack, Union City John Lmdstrom Corry James Akam Spartansburg Henry Ester Wattsburg Calvin Henry Wattsburg RViSV Hollenshead Mercersburg Wayne A Hall Shippensburg R V & S V Hollenshead Mercersburg Kenneth E Oliver Greencastle Oakleigh Farm Mercersburg Robert E Harwood, Shippensburg Walterß lie, Newburg Meyer Lo Farm Chambersburg Wallace A Mellolt Harnsonviite J Dale Fischer Crystal Spring We congratulate these and other DHIA herds on their fine performance this past year, and extend best wishes for continued progress. We appreciate your cooperation in sampling our young sires and developing their daughters to help provide more top Al-proven sires like Marvex, Superior, Progressor, Blend, Titan, Mariner, Boots, Mandate, Duke, Ideal, Very and Lightning which are all now available daily through our Professional Technician service program and Direct-Herd semen sales. BREEDERS COOPERATIVE Member NAL Affiliated Breeders LIVESTOCK SERVICES ADAMS COUNTY BEAVER COUNTY BLAIR COUNTY BUCKS COUNTY BUTLER COUNTY CAMBRIA COUNTY CENTRE COUNTY CLARION COUNTY CLEARFIELD COUNTY ERIE COUNTY FRANKLIN COUNTY 31 1 Hoi 105 0 Hoi FULTON COUNTY 24-Hour Toll-Free Phone Nos. For Service: Pennsylvania 800-732-0391 Lancaster 569-0411 Del. & Md. 800-233-0216 cows MILK 60 0 Hoi 108 0 Hoi 51 9 Hoi 66 7 Hoi 56 3 Hoi 19 246 17,923 17,267 17 646 16 268 54 2 Hoi 18 358 40 7 Hoi 17 256 27 4 Hoi 19,448 73 5 Hoi 17,832 106 7 Hoi 70 4 Hoi 67 3 Hoi 40 9 Hoi 61 7 Hoi 30 6 Hoi 92 4 Hoi 75 8 Hoi 43 2 Hoi 55 7 Mix 19,403 19 700 18,167 18 446 17 043 17 040 17 183 17,489 16 845 12 666 61 5 Hoi 67 5 Hoi 19 045 17 237 61 0 Hoi 33 0 Hoi 18 261 16 436 82 6 Hoi 17 503 84 0 Hoi 17 946 68 0 Hoi 78 0 Hoi 131 0 Hoi 18 554 18 665 17 667 19 536 46 0 Hoi 18 834 18 927 17 600 17 081 58 6 Hoi 45 9 Hoi 32 2 Hoi 50 2 Hoi 19 038 18 449 17 072 17213 17 291 18 767 17 664 121 0 Hot 40 0 Hoi 17 180 17 188 74 0 Hoi 60 0 Hoi 18 142 17 515 16 603 17 089 19 161 27 4 Hoi 51 5 Hoi 62 7 Hoi 36 2 Hoi 50 5 Hoi 21 118 19 147 18 483 18 324 18 351 17 869 17 825 15 425 32 0 Hoi 34 2 Hoi 50 3 Hoi 88 5 Hoi 37 5 Hoi 30 1 Mix 11 722 17 555 51 8 Jer 75 5 Hoi DAIRYMAN FAT 753 701 666 658 649 Huntingdon Furnac Fm Tyrone Sidney R Ortnsby, Tyrone Richard Black & Sons Marion Center Lawrences Tom Wallace Marion Center Kenneth Dick, Marion Center 647 Londondale Farm, Punxsutawney Corbinview Farms, Reynoldsville Hidaway Farm, Mayport Mowreys Sprucelawn, Reynoldsville Vendge Farms, Reynoldsville Vendge Farms, Reynoldsville 656 717 710 Paul H Martin Ephrata Gusty Crest Farm, Lancaster Christian Zook, Gap John M Harmsh, Lancaster Adam A Jerrene Zimmerman East Earl Hiram S Aungst, Elizabethtown J Robert Kmdig Conestoga Glenn E Burkholder Washington Boro Earl R Hursh Ephrata Abraham Shelly Jr , Manheim J Ray Ranck, Paradise Sprmgarden Farm, Gordonville C Nevin Hershey, Ronks Gerald Martin, Ephrata King-Ridge Farm, Leola Earl N Landis, Manheim Ivan S Stoltzfus, Honey Brook Bart Dell Farm Quarryville Thomas C Lapp, Gap Harold B Good Stevens Elam Petersheim Morgantown Don Ranck Paradise Elmer A Kerry Boyd Ephrata 695 650 668 648 652 692 M & Harold Wilson Portersville LEBANON COUNTY 732 640 630 David Brandt Annville 67 0 Hoi Marvin K Meyer & Sons Quarryville 84 0 Hoi MERCER COUNTY 728 Ed& JuneAnderle Fredoma 24 0 Hoi A Nych & M Beveridge New Wilmington 17 0 Hoi MONTGOMERY COUNTY 717 707 674 658 Richard A Bechtel Harleysville Gehnnger Brothers Bally George C Stahl Somerset Latuch Brothers Rockwood Donald Glessner Berlin Timothy D Chtes Berlin 689 652 650 601 588 PaulJ Pyle Rockwood Donna L & K W Brant Fnedens 659 659 William & Bobbie Geer Franklin Burns Bros Venus Richard G Rhoades, Emlenton Ellwood Mitchell Cooperstown Paul E Runmnger Franklin Darwin Bell Utica 658 643 688 652 644 639 637 Edge Grove Farm Sugar Grove Donald Ekey Russell Plainfield Farm Carmichaels Mike i Robert Sustnk Daisytown 51 9 Hoi 17 477 Clyde & Robert Robsion Coal Center 117 IJer 11,483 YORK COUNTY Smysers Richlawn Farm York Lynn Wolf Abbottstown Sinking Spring Farm York Wayne E Myers Dover Wayne B Mummert, East Berlin B Robert Charles Dover 652 642 HUNTINGDON COUNTY INDIANA COUNTY JEFFERSON COUNTY 50 0 Hoi 49 0 Hoi 39 0 Hoi 76 0 Hoi 15 0 Hoi 19 0 Gue LANCASTER COUNTY LAWRENCE COUNTY SOMERSET COUNTY 49 9 Hoi VENANGO COUNTY WARREN COUNTY 61 6 Mix WASHINGTON-GREENE COUNTIES CERTIFIED SEMEN SERVICES Lancaster Farming, Saturday, February 21,1981—A27 COWS MILK 68 8 Hoi 65 6 Hoi 17,265 16,495 14 477 14,729 15,553 55 0 Mix 66 9 Mix 58 9 Mix 21,189 18 285 17,756 17,956 14,384 12,621 39 0 Hoi 31 0 Hoi 55 0 Hoi 158 0 Hoi 29 0 Hoi 56 0 Hoi 55 0 Hoi 64 0 Hoi 39 0 Hoi 43 0 Hoi 44 0 Hoi 82 0 Hoi 50 0 Hoi 48 0 Hoi 37 0 Hoi 50 0 Hoi 47 0 Hoi 27 0 Hoi 59 0 Hoi 38 0 Hoi 76 0 Hoi 70 0 Hoi 28 0 Mix 18 303 25 0 Mix 17 983 18 291 18 439 17 771 17,637 14 974 55 7 Hoi 58 3 Mix 19 695 19,802 19,106 17 021 16 611 17 194 63 4 Hoi 79 2 Hoi 35 8 Hoi 36 3 Hoi 38 4 Hoi 17 941 17 333 17 676 16,275 16,764 16,418 45 7 Hoi 40 3 Hoi 178 9 Hoi 66 3 Hoi 24 8 Hoi 56 5 Hoi 29 0 Hoi 17,233 13 682 99 1 Hoi 18,808 72 0 Hoi 20 470 46 0 Hoi 20 017 65 0 Hoi 17 670 53 0 Hoi 17 683 72 0 Hoi 17 490 46 0 Hoi 17 260 Sellers financing farms LANCASTER - Seller financing of farm and ranch land is sharply on the nse, reports Lee Schuster, executive vice president of Kansas City-based Oppenheimer In dustries, the agricultural manage ment and investment company FAT 652 643 614 612 551 747 687 676 664 643 606 “It’s becoming a viable popular alter native to funding from life insurance com panies, which have been fully committed in their agricultural portfolios,” says Schuster. Although the scarcity and high cost of in stitutional money is the prime reason why sellers are accepting mortgages, Schuster notes another factor. “We see quite a few owner-operators who would like to sell their land while continuing to run it or work on it,” he explains. “They may want to lease or manage the land and they find it’s relatively easy to work out a suitable arrangement with an investor in return for a below-market interest rate ” 712 How much below market’ 677 676 “Typical seller financing is in the 10 to 12 percent range today, and that’s for constant rate mortgages,” says Scnuster. “Institutions are charging 14 to 16 percent on loans that usually entail penodict review of the interest rate. 663 647 654 601 770 748 734 659 653 648 “Since the investor who is buying the property has no in tention of becoming a working farmer or rancher, a leasing or management arrang ement with the seller can be ideal for both parties,” Schuster adds. “The new owner can be confident that the land is in knowing hands. ’ ’ Another reason why sellers sometimes become mortgages is a desire to avoid the tax consequences of an all cash sale, Schuster points out. But regar dless of the seller’s motivation, the investor should be prepared to put down close to 30 percent which is about the same amount an institutional lender would require 743 695 680 666 664 649 641 568 713 707 659 769 703 691 681 640 616 Schuster notes that with more and more lending sources turning to equity participation as an inflation hedge, seller financing may soon represent an in vestor’s last opportunity to buy agricultural land without giving up some benefits of ownership. Oppenheimer In dustries is one of the largest agricultural management firms in the United States