BV JACK HLBLEV
I.ANLASTLH A full schedule
ot meetings and workshops was
planned tor this week's thiee-day
Annual Stockholder’s meeting ol
the Farm Credit Banks ot
tiallnnoie
Among the /5U people attending
Hie event at Lancaster’s Host
Faun and Corral were managers
and directors of the Baltimore
Dish id’s 2b affiliated Federal
Land Bank and Production Credit
Associations, directors ot
stockholding cooperatives, and the
Bank’s Board ot Directors and
senioi officers
Meetings commenced «m
Monday afternoon, with Tuesday s
schedule including live one-houi
workshops on topics ot interest to
agi tcullural lendeis
A workshop dealing with the 1985
bairn Bill was led by Dr Barry
Farm Credit holds Stockholder’s Meeting
bnnc hbaugh, liotessoi
Agiu ulluial Lconomics at Kansas
.State LJmveisily
Noting that economic policy is as
important to agriculture as taim
policy, the speaker asserted that
the huge federal deficits are a
knife in the gut to the Amei lean
taimei Flmchbaugh called toi
declining real interest tales and
warned that the cunent economn
lecoveiy may aboi t 1985,
ushering in another recession
Di. Flinchbaugh’s four-point
plan tor a sustained economic
lecovery begins with a 10 percent
across-the-board cut in fedeial
spending, including Hie military,
which, in the professor’s words,
’has been written a blank check"
turning to the subject ot PIK,
the speaker stressed that
programs ot PlK’s nature have
been around since 1933 and have
UOCli Iju JVI It
|ioits, land reliiemenl and stored
icserves Flmchbaugh warned
hat out capacity to ovei produce
will be with us long atlei PIK lias
.el 11 in idled
1 urning his attention to the dan y
mdustiy, Di Flmchbaugh staled
oat Itieie is no way out of oui
tec oul pioduclion and icioid
government costs dnemma
without culling i *vvs and lem
poianly depiessmg the livestock
industry
Die tutuie is bnghl toi the
daily mdustiy, Flmchbaugh
asseiled, but for less dairy far
meisthan we have now
Di Flmchbaugh urged the bai m
1 1 edit System to help the economy
by lightening lending policies
Also’teaiui ed in one ot Hit, at
lemoon woi ksluos vias Di David
Kohl, Associate Professor of
Agricultural Finance at Virginia
Folytech, speaking on ' the
changing agricultural picture and
its implications tor the Farm
Credit System.
L)i Kohl labelled the 19/0 s as
die decade ol inflation and noted a
hall to the intlalionaiy .spuat in
1981 with a $2O billion decrease in
agnculiui at assets
The speaker predicted a bi
ll H/dal agriculture for the tulure,
with a shift from intermediate size
farms to both large commercial
and small partlime operations.
L)r Kohl cautioned lenders that
the current decade will experience
a boom-bust ag economy similar to
the previous decade, but without
the benefit ot inflation to cushion
the blow.
Other afternoon workshop topics
iHnded computers and their use
Eastern Shore Showcase sells 38 calves
RISING SUN, MD. - The
Eastern Shore Showcase Calf Sale,
held March 17 at the Hunters Sale
Barn in Rising Sun, Md., resulted
in $31,616 on 38 head for an average
of $832 per calf.
High selling calf at the 17th
annual sale was an August 1982
daughter of SWD Valiant. The bred
heifer, consigned by John Hub
schmidt, of Bridgetown, N.J., sold
for $2,600. Mark Crauss, of Rising
Sun, was the buyer.
A September 1983 Bootmaker
daughter out of an excellent dam
with 32,000 pounds of milk was the
second high seller. The calf was
consigned by Kingstead Farm, of
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Dr. Barry Flinchbaugh, Associate Professor of Ag
Economics at Kansas State University, talks about the 1985
Farm Bill during Farm Credit's Baltimore District
Stockholder's Meeting at the Host Farm, Monday through
Wednesday.
on the farm, by Joe Coffey, an 18-monlh-long study aimed at
Uuectoi ot economics and predicting the financial services
Hanning tor the Southern Stales environment through the turn of
Cooperative. Cottey reviewed the the century,
t omputers currently available and Following a Wednesday morning
provided an overview of their costs meeting ot directors and
and capabilities. managers, lunch was served and
Also scheduled was a discussion The Stockholder’s Meeting was
ot Farm Credit's Project 1995", adjourned.
Centerville, and was bought by
D.D. Hollingsworth, of Denton, for
$2,400.
The third high selling calf was an
Ivanhoe Chief daughter consigned
by John Trout, of Forest Hill. The
February 1983 heifer was bought
by J. Bryan Osborne, of Rising
Sun, for $1,300.
One of the highest priced sales in
its history, the Eastern Shore
Showcase sent calves to Delaware,
Pennsylvania and Maryland.
Kent Farrell, of Aberdeen Sales,
was the auctioneer. Bob Knutsen,
Cecil County, and Steve Wilson,
Baltimore County, were in charge
of pedigrees.