- By Robin Phillips
— Addressing the
[problems of over-utilizing
borrowed funds and maintaining
good relations with your lenders
were area bankers and business
men at the recent Karan Business
Workshop held here at the Berks
County Agricultural Center.
Held last Tuesday and Wed
nesday, the' workshop featured
representatives from several local
banks and was attended by ap
proximately 60 area farmers.
Bill Hughes, vice president of the
Agricultural Division of American
Bank and Tract Co., discussed
‘What are you Worth?” and the
importance of complete and ac
curate financial statements and
General admission.....
/mw mm rn'm mu urn mm' amm wmm. moragriculture
+++++++++++++++++*++++**+***************+
Berks holds farm business workshop
their meaning. Following Hughes,
a panel consisting of Ken Overly,
agricultural division of the Bank of
Pa., Eugene Olshefsky, manager
of the Shoemakersville office of
Farm Credit, and Steve Scope,
county supervisor for Farmers
Home Administration, discussed
what bankers are looking for from
farmer lenders.
Gary Rothermel, regional
manager for the Pennsylvania
Farmers Association Record
Program, was present to em
phasize the importance of com
plete records, including accurate
analysis of profits and losses.
Discussing the current farm
financial difficulties, cash flow,
and the meaning behind financial
SHOWTIME: SUNDAY, JANUARY 9 630 * 930«
SFA r£ FARM SHOtVARFNA, RS6.PA
tOQQ
FOR INFORMATION PHONE: (717 J 783-3071
reports, was Fred Hughes,
professor of Farm Management at
Penn State. He stressed that now is
the time when fanners need to be
conservative and not take chances
due to inflation and high costs.
On the second day of the
workshop, Rand Setzer, appraiser
for the Fogelsville branch of Farm
Credit, discussed farm budgeting,
and Fred Hughes continued with
“Partial Budgeting as a Decision
Tool” and the understanding of the
cost of borrowing and debt
carrying abilities.
Concluding the workshop, the
entire group of professionals
formed a panel and conducted a
question and answer period on
keeping out of financial trouble.
ts°2 «i
Penrose Hailo*eif, Secretary
The Farm Business Workshop
was sponsored by the Berks
County Extension Service, Clyde
Myers, County Agent, and the
following banks: American Bank,
Bank of Pennsylvania, First
National Bank of Leesport, Farm
Credit Association, Hamburg
igoo
Lancaster Fanning, Friday, December 24,1982-A27
NEED SOMEONE WHO
CAN FILL THE SHOES?
Try A Help Wanted Ad
In Classified.
Phone- 717-394-3047 or 717-626-1164
*****************
Preferred.
tio^
*****************
Savings and Trust Co., and the
First National Bank of Boyer
stown. The curriculum for the
workshop was proposed by a
planning committee consisting of
these banking representatives,
organized by Clyde Myers, Ex
tension Agent.
*