D26—Lancaster Farming, Saturday, December 18,1982 Should machinery be purchased to UNIVERSITY PARK - About this time of year, farmers think about purchasing machinery to cut tax liabilities. Is this good management? This action comes under income tax management, says Sam Dum, Penn State Extension farm management specialist. Tax management is important in operating a business for profit and is the way to make adjustments in income or expenses, or tax deductions and exemptions, there by avoiding being in a higher tax bracket one year, and a lower bracket the next. This fluctuation in tax brackets usually results in more total tax over a period of years. Before considering the purchase of machinery to control the tax bracket, a fanner should consider how the early purchase of operating supplies for the next ORIGINAL EQUIPMENT TYPE FIBERGLASS WICKS FOR KERO-SUN PORTABLE HEATERS Reg. 515.00 SUPER SPECIAL 2 For ( 15.00 J” Please send me (multiples of 2 only) pair of wicks "J I (Please state modei(s) number at $15.00 per pair). Enclose | I check or money order. Pa. residents add 6% stale sales | { tax. All orders sent post paid. Shipment within 48 hrs. or I receipt of order. J MISSONIS IMPORTS INC. E. Park Rd., P.O. Box 115 Blandon, PA 19510 215-926>3754 DECEMBER SAVINGS Order now & make the best buys of the year!! • CASH DISCOUNTS • LOW LIST PRICES • NEW PRE-PAY PLAN Everything leads to big savings in DECEMBER. Big Dec. cash discounts good until Dec. 24th. Second period to Feb. 20,1983. FERTILIZER CHEMICALS ASGROW SEED are all priced to sell in Decmeber. Talk to us before you buy. To insure that our salesmen see you -Call 717-397-5152 tfl ORGANIC iftlßßl PLANT • (. anhydrous ammomia ] pQQQ QQ 2313 Norman Rd., Lancaster, PA 17601 PHONE: 717-397-5152 Hours; Monday thru Friday 7:30 to 4 Sat. 7:30 to 12 cut liabilities? year, such as feed, seed and fer tilizer, or withholding the sale of ordinary income items, such as crops or livestock held principally for sale, could be used instead. Machinery purchases will help reduce tax liabilities through the depreciation allowance and in vestment credits. But before making the decision to purchase machinery for tax management, consider the decision from the standpoint of the purchase on the overall profitable operation of the business, says Dum. “Is the machinery needed? Will it lower production costs?’’ The additional investment costs must be carried by the business, says Dum. Therefore, the final criteria for tax management as well as in vestment management is will the action result in the lowest tax over the years, and be most profitable for the business? Crop insurance industry approves 1983 research INDIANAPOLIS, IND. - Representatives of the Crop In surance Research Bureau and National Crop Insurance thu dairy way -rff I ' •; ' MEATAND DAIRY FAVORtT^-- Association. met Nov. 3 and granted approval of funding for crop research projects at nine universities in the United States. Research will be conducted to more accurately establish the amount of damage which crops suffer from hail. A large number of crop test plots are subjected to simulated hail storms produced by “hail machines” blowing ice at a high velocity. The plots are then checked for the amount of damage to the plants and the state of growth which the plant was in when the “storm” occurred. The plots are harvested at year’s end and crop yields are compared to yields from untreated plots to determine the effect and seventy of yield reduction resulting from hail. The results are statistically analyzed and developed into loss adjustment charts and procedures for use by crop insurance adjusters * in settling hail insurance claims. The plots are simultaneously used for training of adjusters during crop school/field days held at each research location. Each year, crop adjusters are instructed on current fanning practices, plant diseases, insects, herbicides, recommended loss adjustment procedures, plant growth, etc. This type of research has been funded through the crop insurance trade associations since 1930. Grants totaling over $1 million have been distributeid to 34 universities in 28 state since 1952, and over 350 separate annual projects have already been completed on 23 crops. f GREENVILLE UQUIDrUMT WOW lIP. GREENVILLE IS: - manufactured from the highest quality raw mat erials available to the fertilizer industry. • a true solution with a near neutral PH and a low salt index - a non-corrosive product -will not settle out or freeze - GREENVILLE APPLICATIONS - corn • small grains - beans - vegetables GREENVILLE INGREDIENTS INCLUDE: Phosphate <P20 5 ) Nitrogen (N) Potash (K 2 0) Phosphoric Acid Aqua & Urea Potassium Hydroxide (white acid) Available analysis include: 9-18-9,6-24-6.3-18-18 GREENVILLE ADVANTAGES: - An effective, easy to use starter fertilizer - A high quality product the average farmer can > afford For service in Pennsylvania Call; Carroll M. Fritz 717-925-6758 GREENVILLE LIQUID PMMT FOODS LTD. R.D. #l, Stratford, Ontario NBA 652 (519)625-8016 (519)271-8061
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