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