A24— Lancaster Farming, Saturday, September 5,1981 NCA asks for interest rate decline DENVER, Colo. - The National Cattleman’s Assn, has asked President Reagan to help see that interest rates are permitted to decline evenly and slowly over the next several months. In a letter to the President, NCA President J.W. (Bill) Swan said, "1 cannot over-emphasize the seriousness of the cost of money to cattlemen. Since 1976, the interest cost of raising a calf or feeding out a steer has risen from about 5 percent of the total cost to 14 percent—an increase of 270 per cent. This increase in interest costs represents the difference between profit and loss in our very low margin industry. "We continue to support your economic programs. But we feel that the relative risk of main taining current levels of interest rates, while the economy slows, is so great that an immediate shift is required to allow interest rates to decline evenly and slowly. ’ ’ Swan said NCA recognizes the need for restraint on money supply in order to control inflation. But, he added, NCA "supports a philosophy of allowing interest rates to adjust slowly in order to prevent a repeat ot the 1980 debacle, when interest rates dropped from 21 percent to 12 percent and then returned to 20 percent. “Neither agriculture nor the cattle industry can tolerate a repeat of the volatile interest rates experienced over the past 18 THE SOONER YOU SEE US ABOUT A BROCK BIN —THE MORE YOU SAVE You can get the biggest savings you’ll be able to get all winter by acting now next month the discount will be less. If you’ve been thinking about getting more control over your grain marketing, now’s the time to start by checking our BROCK grain bin prices. And let us tell you why a BROCK is your best bin choice, too ... “50 REASONS WHY BROCK SHOULD BE YOUR BIN” We have a great slide/sound presentation explaining 50 outstanding BROCK quality and convenience features available with BROCK bins. You’ll see why BROCK is the favorite bin among many of the better, more profit-oriented grain farmers. The presentation is free, of course. CALL NOW FOR FREE PRIVATE SHOWING lam RDI Mountain Rd * Dilisburg, P, months. Failure to permit a slow and even decline in interest rates— reflecting changes in economic conditions—could leave agriculture in its worst condition since the 1930’5. "We do not want the ad ministration and Federal Reserve to abandon their inflation battle, but we do feel it is necessary to recognize the risk to the economy and cattle industry of holding to a monetary policy that threatens a repeat of 1980.” Swan’s letter to President Reagan followed NCA board ot directors action directing that the President’s attention he called to the problem ot high and volatile interest rates. In other action, the board approved a fiscal 1981-82 program and budget which will further improve NCA’s services in government affairs and other areas. Eggs up slightly HARRISBURG - July, 1981 egg production in Pennsylvania totaled 348 million according to the Pennsylvania Crop Reporting Service. The July production was one percent above the 344 million eggs produced in July, 1980. The July average ot 16.2 million layers was one percent higher than a year ago. Egg production per 100 layers was 2,151 compared with 2,157 in July, 1980. m op . 717-432-9738 USDA confirms scrapie flock Wisconsin sheep HYATTSVILLE, Md. - U.S. Department of Agriculture of ficials have confirmed the nation’s seventh outbreak of scrapie this year in a flock of 110 sheep in Barron County, Wis. Officials of the national headquarters of USDA’s Animal and Plant Health Inspection Service in Hyattsville, Md., report six other scrapie outbreaks so far this year. These involve sheep in Columbia county. Wise.; New London county. Conn.; Rockingham county, N.H.; Sussex county, N.J.; Ulster county, N.Y., and Harford county, Md. Dr. A.R. McLaughlin, APHIS veterinarian in charge in Wisconsin, said the infected flock will be destroyed to eliminate the infection, and the owner will be indemnified for his losses. We Specialize In Aerial Work Using Our Twr Bnr*--t Boo' ELECTRICAL \ /u. T / CONTRACTING \ BF| f Specializing in \ \ I AGRICULTURAL J WIRING I ■RgwHI ' Also Residential. Industrial / And Commercial Work / Estimates^^/ We Have Poles In Stock .25’, 30', 35'*45’ About 30 sheep were sold out ot the flock aftemg having been in contact with animals that developed scrapie. These sheep, which are considered exposed, will be located and destroyed by USDa disease fighters, with indemnities paid to their owners. McLaughlin said scrapie is a slow-acting but fatal viral disease of sheep and goats that attacks the central nervous system. Since there is no treatment or cure, the disease can be stopped only by destroying all infected and ex posed animals. CM. HIGH CO. 320Kin* St Myerstown, PA 17067 Phone:7l7-866-7544 Wheeling Channel Drain, Roofing, and Siding, 29 gauge, paintekJ galvanized steel, #1 material, dark blue and light blue. ‘35 per square while supply lasts FETTERVILLE SALES John M. Esh RD 2 Box 267 East Earl, PA 17519 717-354-7561 WHATEVER HERD YOU HAVE 3 □ HOLSTEIN □ AYRSHIRE □ GUERNSEY □ JERSEY FEED FLORIN DAIRY FEEDS TO YOUR HERD TO MAKE MILK AND MONEY For a healthy, highly productive herd, FLORIN Enriched Dairy Feeds are scientifically formulated, tested and proven. Feed it regularly, and see the results...more milk from cows, more money for you. WOIGEMUTH BROS, INC. MOUNT JOY, PA PH: 717-653-1451 “It may take months or ev< years for an animal exposed to tl disease to show clinical signs of infection—usually intense rubbi against fixed objects to retie itching,” McLaughlin said. o*s jk fax
Significant historical Pennsylvania newspapers