Private participation ip farm operating loans rises sharply WASHINGTON, D.C. - Private- lender participation in farm operating loans is up sharply this i tyear at the U.S. Department of ' Agriculture’s Farmers Home Administration, Secretary of Agriculture John R. Block said last week. Block credited participation lending and other cooperative efforts of federal and private lenders with successfully providing needed agricultural credit for thousands of hard hit farmers in 1982. Meeting with representatives of the American Bankers Association, the Independent Bankers Association of America and the Farm Credit Ad ministration, the secretary em phasized the need to continue cooperative and participation lending to meet farmers’ credit needs in 1983. He said the USDA agency will continue to enlarge its role with the , private sector in making farm loans to meet the an ticipated heavy demand for credit in crop year 1982. Charles W. Shuman, ad ministrator of the USDA lending agency, attributed the increase in participation lending directly to 'I Agri-Care* health protection offers farm people like you the best combination of coverage, service and rates available. But don’t take our word for it Ask your Agway agent to prove it Proof about quality-coverage Your Agway agent will show you how Agri-Care compares with any other policy in important bene fits like major medical coverage, maternity benefits and even important out-of-hospilal benefits. Plus, your Agway agent will explain unique Agri-Care benefits like Mediguide, a guidance service that directs you to leading specialists for specific illnesses. Proof about farm oriented service With Agri-Care you also get local service, through a farm-oriented agent. Agway agents spend 100% of their time dealing with farmers, and they’re specially trained to serve your unique insurance needs. Proof about the best price Best of all, Agri-Care offers low, group rates to farm people. So you get the best coverage and the best service for your insurance dollar. In the vast majority of cases, a comparison cooperation between the USDA and rural lending institutions. “Although our funds for operating loans are up about a third over last year,” Shuman said, “demand for those funds is heavy. Through participation loans involving commercial banks and lobal members of the farm credit system, we stretch our limited funds, making them available to those who need help most.” “In many cases, Shuman said, the agency has subordinated its security to the private lender, helping borrowers stay with their regular credit sources. Loans of about 5,800 of the agency’s operating loan borrowers were shared with other lenders in fiscal 1981. In the first 11 months of fiscal 1982, the number rose to 28,032. In dollars, the amount of the agency’s farm borrowers’ debt held by private lenders rose from 191.6 million for all of fiscal 1981 to an estimated $1 billion for the first 11 months of fiscal 1982. While the participation loan may begin with either a private or public lender, Shuman said the USDA-initiated effort begins at the county level when borrowers and a Working for people who work the kmd AGWAY INSURANCE LIFE,* HEALTH • FARM Farmers Home county supervisor review the borrower’s “farm and home plan,” which is the credit and economic blueprint for the borrower’s crop year. “When the plan shows a need for more operating credit than the agency by law can supply to an individual, or when the plan shows that private credit caabe utilized for the borrower’s needs, a local lender is contacted,” Shuman said. “If the local lender can make the V-. - T • ~e ncy '^, subordinate part or all of its security in favor of the local lender in effect giving the private lender first rights to collect its debts in the event of default.” Participating in last week’s meeting with Block were Under Secretary Frank Naylor and Shuman of the USDA; American Bankers Association represen tatives Ken Lee, associate director, Michael, Fitch, vice president for agricultural affairs. Wells Fargo Bank in San Fransico, and Alan Tubbs, president of First Central Bank in DeWitt, lowa. Representing the Independent Bankers 'Association of America were Weldon Barton, agricultural rural representative; Thomas Olson, president, Lisco State Bank, - proves that Agri-Care can improve your health coverage and save you'money. For your proof, fill out and send the coupon below. There’s no obligation! r □ Yes! I want, Have an Agway Insurance agent contact me to arrange a free cost and coverage comparison, so I can see for myself how Agri-Care can improve my health protection Name. Address. City. State. Phone. Send this coupon to Agway Insurance, P.O. Box 4851, Syracuse, MV 13221, or call toll-free 1 -800-448-5523, except in New York State call L-800-962-5587. Lisco, Neb.; and J.R. Kuiken, president. First National Bank, DeKalb.lU. Tractor — liii 2S " m ' lw ■ & i Pu» IQkm- S & Tally ■- Buck, Pa. Saturday, Sept 25 7000 Super Stock 1. Mark Stauffer, Ephrata, Pa., Deutz 9006, 267.6; 2. Coleman Wheatley, Bethel, De., JD 4240, 256.6; 3. Dale Smoker, Cochran ville. Pa., AC 180,240.1. 5000 Modified 1. Jeffrey Frautz, Windsor, Pa., 2427 Chevy F.P. - 273.10; 2. Craig Luckenbill, Schuylkill Haven, Pa., 433 Chevy F.P. - 267.0; 3. Charles Brommer, Columbia, Pa., 2440 , '■* a Lancaster Farming, Saturday, October 9,1982—C7 Dodge F.P. -240.5. 1. Lynda Ziegler, Bird-ln-Hand, Pa., 1970 Chevy; 265.6; 2. Mark Hardisty, Easton, Md.; 1975 GMC; 264.0; 3. Michael Omps, Win chester, Va. r l97BFord, 252.2. 9000 Super Stock 1. Mark Stauffer, Ephrata, Deutz 9006, 274.0; 2. Dale Smoker, Cochranville, Pa., AG D-21; 267.0; 3. Coleman Wheatley, Bethel, De., JD4240; 261.9. 1. Glenn Darnell, McDowell, Va., Allison, 282.3; 2. Jeffrey Frontz, Windsor, Pa., 2-427 Chevy, 277.2; 3. Curtis- Luckenbill, Schuylkill Haven, Pa., 433 Chevy, 272.10. 1. Mark Hardisty, Easton, Md., 1975 GMC, F.P.; 2. Michael Omps, Winchester, Va., 1978 Ford, 297.7; 3. WilliamOmps, Winchester, Va., 1982 Ford, 289.7. r— i DAVISON’S WHITEWASH SERVICE Whitewashing & Aircleaning Box 156 Canton. PA 17724 Office: 717-673-3108 Home: 717-673-3419 No need to sweep your barn. Let - us blow down the dust, cobwebs, and loose whitewash. We use a large volume, high pressure air compressor. Our whitewash mix lasts well over the winter and helps prevent 'X * * * * X | 6 years of experience f I We are seeking fall appointments | | in southern Pennsylvania J * *' Deputy Governor Larry Ed wards of the Farm Credit Ad ministration represented his organization. 5800 FWD 7000 Modified 8200 FWD T mildew.
Significant historical Pennsylvania newspapers