PDA forecasts
HARRISBURG Based on
October 1 conditions, Penn
sylvania’s production of corn,
winter wheat, soybeans, tobacco
and potatoes should all be above
last year, while the production of
apples and all hay is expected to be
below a year ago, according to the
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Corn for grain production is
forecast at a record 123.7 million
bushels, 29 percent above 1980
production and two percent more
than the previous record set in
1979. Acreage for harvest is set at
HOT WATER SYSTEM
I. Home
2. Domestic Hot Water
3. Pig Farrowing
4. Chicken Brooding
5. Dairy Parlors
6. Anywhere You Need Hot Water
• FLUE GAS UNDER 200 1
DUMONT BOILER™
crop production
Crop Reporting
1.33 million acres with an average
93.0 bushels per acre.
Record acreage for harvest more
than offset the slight decline in
average yield.
Winter wheat production is
estimated at 9.7 million bushels,
five percent more than a year ago.
Acreage for harvest is estimated
at 270,000 acres, with an average
yield of 36.0 bushels per acre.
Soybean production is estimated
at 3.1 million bushels, up 23 percent
from a year earlier. Tobacco
production is forecast at 25.2
million pounds, up two percent
HOT AIR SYSTEM
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. 2. Domestic Hot Water
3. Grain Drying
4. Anywhere You Need Hot Air
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from a year earlier with an
as erage yield of 1,850 pounds per
acre.
"Fall potato production is
forecast at 5.0 million cwt., up 21
percent from last year. Acreage
for harvest is estimated at 21,000
acres, with an average yield of 240
cwt. per acre.
Apple production is estimated at
420 million pounds, down 26 per
cent from last year’s crop, while
grape production is the same as
last year at 56,000 tons.
All hay production is forecast at
4.1 million tons, slightly less than a
Year-round Domestic Hot Water
Backup Oil or Gas Option
130,000-350,000 BTU
6 Options
Plus Much More
Uncaster Farming, Saturday, October 17,1981-A37
CIRCULATOR
year ago. Average yield indicated
for alfalfa and alfalfa mixtures is
2.7 tons per acre and all other hay
is set at 1.75 tons per acre.
Pasture condition, statewide,
averaged 79 percent of normal, 21
percent above a year ago, but five
percent below the 1970-79 average.
At the national level, production
of com, all wheat, soybeans,
tobacco, fall potatoes, and all hay
is estimated above last year’s
levels. Production of apples and
grapes should be below a year ago.
ccc
interest
rates stay
145
at
percent
HARRISBURG -
Interest rates for 1961-
crop loans and storage
facUity and dryer loans
made through the U.S.
Department of
Agriculture’s Com
modity Credit Cor
poration will remain at
14.5 percent through
October 31, according to
the Agricultural
Stabilization and
Conservation Service.
The 14.5 percent rate
has been in effect since
April 1, then USDA
announced it was in
stituting a “floating”
interest rate, subject to
adjustment, on 1961-
crop and facility loans.
The variable interest
rate on outstanding
loans which enables
CCC to adjust rates in
line with borrowing
costs to the U.S.
Treasury will con
tinue in effect.
However, since interest
rates at this time ap
pear to be trending
downward, an extension
of the 14.5 percent rate
will allow time to
evaluate interest costs
to CCC, he said.
Commodity loans are
available for all
producers of 1961 grain
crops. Current Penn
sylvania price support
rates for loans maturing
.nine months from the
disbursement date are
as „ follows: corn
$2.62/bu.; barley
|1,.93/bu.; oats
SL42/bu.; soybeans
|4.98/bu.; sorghum
|2.30/bu.; wheat
|3.17/bu.; and rye
|2.13/bu.
The above rates apply
to crops stored in the
producer’s storage.
Loans are applicable for
90 percent of the mor
tgaged quantity stored
except for ear corn
which is limited to 85
percent of the mor
tgaged quantity. Loans
are non-recourse which
means the producer
may deliver the grain to
ASCS at the maturity
date of the loan if
market prices are below
the loan rate. Partial
loan .repayments or
partial sale of the
commodities may be
authorized by the
County ASC Committee.
Producers are
responsible to maintain