El2—Lancaster Farming, Saturday, January 9,1982
B Brocket's Ag Advice
By John E. Brockett
Farm Management Agent
Lewistown Extension Office
Farmers and Withheld Taxes
Farmers are often envious of
their friends and relatives who
have taxes withheld from their
paycheck. They especially become
upset when they have to scrounge
around for a large sum of money
sometime in February while the
other guy smiles over a 1000 dollar
refund.
Farmers should not be envious of
those poor souls who have taxes
withheld. That refund check is that
persons own money without in
terest.
Actually a farm family can
MARS*
PLUS 1716 MILK 87%
PLUS 1.79 PDT
29H2786 Lime-Hollow Elevation
USDA 7-81 RPTB7%
150 D. 116 H. 18.483 M
PD+SI74 + 1.716 M
HFA 7-81 69% RPT +1.79 PDT +493 TPI
Elevation
Round Oak Ri
USDA PD +1516M +SOF 99% Rep 7/79
+2 38 PDT 99% R 7/79 HFA
Merehcot Centurion Julie VG-I
Cow Index + 592 M +4F
5- 2X 3050 21340 M 32% 67SF ’
6- 2X 365 D 22400 M 35% 795 F
MARS daughters are freshening all across the country, and
they are doing extremely well too. mars daughters are doing so
well that his POM went from +1653 to +1716 when 114
daughters were added to his USDA Summary, mars daughers
look very nice too. His PDT went from +1.63 to +1.79!
Call your ABS Representative and ask for MARS!
fIBS
'
practice its own withholding
program. What is more that family
can actually earn interest on thdir
withholdings. This is more than the
poor wage earner can do.
Withholding Plans
There are several withholding
plans a farm family could follow.
Lump Sum Plan - Put a lump
sum in an “All Savers Certificate”
anytime between now and January
first. Not only will you have the
money available for 1983 tax
payments for the 1982 year, but it
will earn tax free interest up to
1000 dollars per taxpayer (2000
Burke Elevation GM
Round Oek ivanhoe Eve EX-94-4E
Forest Lee Centurion Rocket EX-91 GM
4-05 2X 305 D 15460 M .3 8% 586 F
Sire Wis Captain EX-91 GM
Bangor, PA Eric Heinsolm
Baptistown, NJ Cindy Gordsuk
Columbia, PA James Charles
Ephrata, PA Darvm Yoder
Holtwood, PA Paul Herr
Lebanon, PA Paul Martin
Leola, PA Lynn Gardner
Port Murray, NJ Robert Kayhart
Prospectville, PA William Tyner
Reading, PA Robert Greider
Stewartstown, PA Tom Engle
Thomasville, PA Ira Boyer
West Grove, PA Dan Rush
Kirkwood, PA Dan Rush
Elmer, NJ Cyndy HeUell
Mt. Airy, MD Allan Pickett
Allenwood, PA George Showers
Carlisle, PA Wayne Piper
Coburn, PA Wendel Musser
Linden, PA Larry Bower
Mansfield, PA Harold Robson, Jr.
McClure, PA Michael C. Ewing
Millville, PA Wilmer Hendricks
Mifflinburg, PA John M. Beachy
Miff lintown, PA Mervm Zendt
Reedsville, PA Glenn Barr
Ulysses, PA Bonnie Barker
RPT
MARS EX-95
636 F
+ 36F
3.4%
-.17%
215-588-4704
201-996-2088
717-898-8694
717-733-0966
717-284-4592
717-949-2381
717-656-6700
201-689-2605
215-542-8479
215-378-1212
717-993-6836
717-225-3758
215-869-9187
717-529-6548
609-455-8187
301-663-4191
717-538-1812
717-249-8882
814-349-5310
717-323-9710
717-662-7731
717-658-7316
717-458-5949
717-966-1344
717-436-6386
717-667-2775
814-848-7674
dollars tor a joint return).
Monday Market Fund - start a
money market fund with 1000
dollars then pi** in whatever you
need each month. You can actually
pay your taxes out of this fund.
Benefits are that you earn a high
rate of mterest with minimal in
vestment and your money is ony
tied up for IS banking days after
your deposit. The mterest is
taxable.
Regular savings account - you
can deposit any amount into a
passbook savings account then
withdraw the necessary amount to
pay taxes- This was the best
method in the past but because of
the relative low interest (6 percent
or less) it has become much less
lucrative. It does have the ad
vantages of no minimum start up
amount and usually instant
withdrawal (warning this could
change).
Why Withhold?
If a farm family would withhold
their own tax payments, it may
save money in the end. Supposing
I'M NOT
L10N...
The Classified
Livestock
Section
Has Beastly
Selections!
PREMIUM ICE CREAM
you were short of cash and could
not file by the due date?
A systematic savings plan has
been a strong point for families in
the past. If a family plans on
taking a definite amount each
month, that money does not
become lost in the business or
family expenses. Consider it as a
required payment in the same
manner as a light bill or a mor
tgage payment.
' Tax Estimates And Withholding
Withholding plans will work as
well with a family paying quar
terly estimates or a January 15
final estimate as with one filing
(Continued from Page £10)
mixed with natural gas, is in
troduced into another power
burner for additional steam. This
burning produces an ash product
which is very high in potassium,
and spread on gardens and fields.
Does all this steaming,
squeezing, and drying really save
Knouse Foods money? Well the
company has installed a" new
monitoring computer that will tell
the tale. Ken Eshelman, super
visor of the project at the Ontana
plant, states that the computer will
be able to monitor the entire
operation and will give monetary
checks on its efficiency. At current
prices, it would require $5 worth of
natural gas to create enough steam
to process a thousand pounds of
apples. With the use of the pomace
and the recovered cost of elec
tricity, that cost has been reduced
to |1.50 for the same quantity of
fruit.
There is one final stage in the
process that is still in the
developmental stages. And that is
the capturing of “essence
flavoring".
When the appiepomace is dried,
a distinct apple aroma is given off.
PENNSYUMNIA AOMCUUUftE
WE’RE (MOWING UITCR
Private Label
Quality, Price & Service
ELIZABETHTOWN
CREAMERY CO., INC.
Rr. 519 S. Market Street
Elizabethtown, Pa. 17022
717-367-1389
Apples
i W^j£'
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> - <•
-and paying a final return by March
first.
The lump sum plan however will
not work with quarterly estimates
since the money has to be left in an
All Savers Certificate for one year 4
There is no reason why the other'
two plans will not work. Caution:
Most money market funds do not
automatically send checks to you.
You must apply for them. All
checks drawn on a money market
fund must be a minimum of 500
dollars in most cases, (most funds
do not have a required minimal
balance).
Oyler says he hopes to recapture
this aroma and to fortify the flavor
of Knouse’s apple products with it.
What potential does this process
have? Oyler reports the potential
is great both in the fruit and
vegetable processing industries.
“There are unlimited op
portunities in the fruit and othertfc
bio-mass processing industries
make the crop more valuable and
eliminate the wastes of the past.
Just this one example can be
modified to fit any industries”, he
said.
Oyler gives most of the credit for
the success of this project and the
new water conservation project
that -Knouse will complete
sometime in the next two years to
the foresight of the members of the
cooperative and its board of
directors.
“It is important to recognize
what the co-op can accomplish in
the area of energy conservation.
We are working to provide a better
return for our member growers. It
just goes to prove that you don’Wh
have to be one of the big-50(rr
companies (economic rating by
Fortune Magazine), to get into."
something like this. ”