P6—Lancaster Farming, Saturday, September 24,1983 Farm Credit outlines WASHINGTON, D.C. - The delinquency rate of Farm Credit System borrowers declined during the second quarter, according to figures compiled by the Farm Credit Administration, but of ficials see no immediate reversal in the financial condition of troubl ed borrowers. “We expected to see continued seasonal variation in delinquen cies,” said FCA Governor Donald E. Wilkinson, “and though farm prospects are improving, loan per formance generally lags behind. ” Wilkinson said there is no reason to indicate that overall trends of recent years will not continue at least through 1983. He said some borrowers will be helped significantly by PIK distributions, but others will be hurt further by drought-reduced production and higher feed prices. NEMA to meet Oct. 12-14 HERSHEY - The Northeast Egg Marketing Assn, will hold its annual meeting Oct. 12-14 at Hershey. Featured on the program will be discussion of current industry problems, including high feed costs and changes in the marketing picture. A 1 Pope, president of United Egg Producers, will review the national We look upon the 4-H Club as an investment in the future, for the young members of today are the responsible and concerned leaders of tomorrow. All across the nation, 4-H Clubs are helping young people to become aware and involved in the world around them. Through indi vidual projects and active participa tion, they're given an opportunity to help build a better community, as they develop independence, ini tiative and character We’re proud to salute 4-H members and leaders for the important work they do. THE FARMERS NATIONAL BANK OF OUARRYVILLE SMALL ENOUGH TO KNOW YOU LARGE ENOUGH TO SERVE YOU TWO CONVENIENT SOUTHERN UNCASTER COUNTY LOCATIONS * OUARRYVILLE Phone; (717) 786-7337 * PENN HILL An Equal Opportunity Lender • Member F.D.I.C. • Each Account Insured To $lOO,OOO The Federal Land Banks reported 20,537 delinquent loans on June 30, 1983, 3.1 percent of the total number outstanding. They had 26,688 delinquencies at the end of the first quarter, 4.0 percent of the loans outstanding. On June 30, 1982, however, the banks reported 16,606 delinquent loans, 2.5 percent of the number outstanding. The decline in delinquencies among Production Credit Associa tions was even more dramatic when comparing the first and se cond quarters. On June 30, 1983, PCAs posted 13,211 delinquencies, 3.7 percent ot all loans outstanding. This was a sharp diop from the 22,593 delinquent loans reported on March 31, 1983, which was 6.3 per cent of the total. Going back to June 30, 1982, PCAs reported 10,968 delinquent loans, 2.7 percent of those outstanding. scene and outline operational plans and goals to unprove the financial picture for egg producers. Herbert Jackson, PR director for the American Egg Board, will ex plains the board's plans for the coming year. Jim Christensen, Agway poultry feed specialist for Western New York, will covei Ll;" f f>ed situation. X Showing the Way to Today’s Youth loan status The amount ot loans outstanding liom the federal Banks in creased slightly during the year, troin $49.3 billion on June 30, 1982, to $50.9 billion on June 30,1983. The number ol loans outstanding also increased during the period, trom 861,802 to 665,794. The opposite was true tor the Production Credit Associations. Loans outstanding declined from $22.5 billion on June 30, 1982, to $20.8 billion on June 30, 1983. Dur ing the same period, the number ol loans outstanding dropped from 382,041 to 358,612. Ixian growth, KCA utficials said, was lunited by slow turnover in agricultural land sales, reduced demand lor tarm machinery because ot weak income, substitute financing by Govern ment loan and conunodily pro grams and the reduction in crop acreage resulting trom the PIK program. The efforts ot Farm Credit System lenders to service loans and stay with borrowers are evi dent in the renewal figures, FCA officials indicated Though Federal Land Bank refinancing ot non-real estate debt declined slightly from 17.0 percent to 16.8 percent, refinancing ot their own iuans increased from 21.0 percent in the first half ot 1982 to 22.8 per cent in the first 6 months of 1983. Renewals claimed 37.9 percent of FCA loans made during the first halt ot 1983, compared to 37.0 per cent during the same period a year earlier. Precast Concrete I UPRIGHT BUNKER SILO I Featuring a single component design for fast installation and completion. The sections bolt together and the use of a sealant placed in the tongue and groove creates a sealed wall surface. The sections may be dismantled and relocated. Customers may select any length or width In 5‘ 2" Increments. A special center wall Is available to permit placing bunker silos side by side or dividing existing trench silos In addition to silage storage, these upright units may be used as retaining walls or manure pits |1 jj \ lilitl • MANURE PIT GA ■?• • . BUNKER SILO SrOßA^^^^* H nV Despite these efforts, the number ot bankruptcies, foreclosures, and loans in the pro cess ot liquidation among the Federal Land Banks were all up during the first 6 months ol 1983 compared to the same period m 1982. Bankruptcies increased trom 687 to 1,069, foreclosures from 647 to 1,024, and loans in the process ot li quidation from 1,290 to 2,458. The picture for Production Credit Associations was a little brighter. They reported an in crease m bankruptcies, trom 699 to 861, but foreclosures declined trom 484 to 360 and loans in the process WEST CHESTER The Penn sylvania Farm Credit Associations are pleased to announce the win ners of their 1100.00 Savings Bond door prize drawings at Ag Pro gress Days. One name was drawn at the close of each of the three days from the tickets collected on that day. The winner of the Tuesday, August 23, drawing was Mary Jean Grooms of Dayton, Armstrong County. Dorothy Mummau of Ship pensburg, Franklin County was the winner on Wednesday, August 24, and the lucky ticket holder for Thursday, August 25, was Donald Hoover of Snow Shoe, Centre Coun- TONGUE & JOINT sectioi TOGET L^r h ★ Leasing Availabl Sollenberger Silos Corp. A Nitterhouse Company Box N Chambersburg, PA 17201 [7l7] 264-9588 A Producer of Quality Concrete Products Since 1923 Bond winners are reported TONNAGE TABLE FOR 8 FT. SIDEWALLS* 'Based on level fill with 45 lbs /Cu Ft [> Farm Credit News ol liquidation dropped trom 3,093 lo 2,894. While recognizing that tarm financial stress is widespread, overall FCA statistics indicate that tanners have generally been suc cessful in meeting their loan com mitments to the Karin Credit System. The repayment rale tor Federal Land Bank borrowers during the first ti months of 1983 rose lo 95.6 percent ot the 1978-1980 average, compared lo 72.2 percent a year earlier. The Production Credit Association collection rate was 81 7 percent, compared to 83.0 percent the previous year. The Farm Credit Associations in Pennsylvania cooperated on an ex hibit in a 40’ x 40’ tent which was decorated to reflect the theme... “ Agriculture Grow ing For You." The exhibit was comprised of as many agricultural products produced in Penn sylvania as could be assembled. Most of those which could not be represented in life were available via a photographic display. Cooperatives, the Farm Credit Associations in Pennsylvania serve over 21,000 members with an outstanding loan volume which ex ceeds one billion dollars as of the end of the second quarter. Width \ 20' 30' 40' 50’ Length*^^ 60’ 215 323 432 540 70' 251 376 504 630 80' 287 431 576 720 90' 323 485 648 808 100' 359 539 720 900 110' 395 593 792 989 120' 431 648 864 1080 130' 467 688 936 1170 140’ 503 755 1008 1260 150' 539 808 1080 1350 le! ★
Significant historical Pennsylvania newspapers