NEDCO sells bonds for $6.2 million
SYRACUSE, N.Y. - Low
interest industrial revenue bonds
for sale by the Northeast Dairy
Cooperative Federation (NEDCO)
to finance the purchase of the Glen
& Mohawk fluid bottling plant in
Fultonville, N.Y., have been sold
for $6.2 million to Merrill Lynch,
according to NEDCO President
Edward McNamara.
NEDCO, which has been
negotiating for a suitable buyer for
the bonds will now save well over
$lOO,OOO a year in much lower
interest rates, he said.
The sale has been financed via
high-interest interim financing
supplied by Irving Trust Company
of New York.
NEDCO was issued the bonds by
the Fulton Montgomery County
Industrial Revenue Agency, which
approves this concept of low
interest financing for area firms if
they qualify.
McNamara pointed out that the
purchase of the Fultonville milk
bottling facility in June 1983 has
been a good investment for
NEDCO.
Although intense competition
has temporarily lowered the
plant’s profits, we do see a tur
naround possibly as early as this
fall, which should considerably
improve the profitability at
Fultonville, he said.
According to McNamara, the
Shoot 'Em Uni
C.E. WILEY HAS MORE GOOD NEWS.
June Was A Cracker-Jack Month - And To Show Our
Appreciation We Are Extending New Holland Hay Tool
Specials Thru July 14th
RAKES
r*wHbuw»
ntfl Wherever You
And Pocket The
plant is presently processing over
250 million pounds of milk a year,
serving 38 counties and over 300
customers packaged milk in the
upstate region. 'Hie facility also
employs nearly 200 workers.
He added tiiat fluid and product
sales under the NEDCO label have
increased greatly in upstate New
York. “We are finding an ever
increasing acceptance of the high
quality product we affix the
Pa. Holstein
members honored
ST. LOUIS, Mo. from Cumberland, Blair and
Perry Counties were recognized during activities of the National
Holstein Convention held in St. Louis, Mo., last week.
Cumberland Countian John Cope, manager of Ashcombe Dairy
Farms, was officially named Pennsylvania’s new national director
to the Holstein Association. A former Pa. Holstein Association
president, Cope replaces Don Seipt, Easton, who completed his
fourth term.
Named a National Distinguished Junior Member was 19-year-old
John Burket, is currently president of the Pa. Junior Holstein
Association. He is a Penn State junior majoring in dairy produc
tion.
Also honored was the Pa. Holstein Association Dairy Bowl Team,
comprised of junior members from Perry County. Team members
Daniel and Joseph Albright, Irene Benner and Kimberly Kreibel
placed second in the National Dairy Bowl Contest. The team was
coached by Jane and Ken Benner.
Shoot 'Em Ut>f
BALE
NEDCO name to,” he said. “Sales
increases in NEDCO Quid milk,
cottage cheese and sour cream are
proof of this quality.”
“Our dairy farmers can be proud
of the excellent product they are
shipping into Fultonville as well as
Fraser, N.Y., and Middlebury
Center, Pa., manufacturing plants.
It takes high quality milk to
produce a high quality product,”
he said.
e Hotter Than The 4th Of Jid
Are - Come On In
Savings Or Call New!
FORAGE WAGONS
INES
Lancaster Famine, Saturday, Jana 30,1M4—A27
Dairy workshop July 14
“The success of a dairy farmer
is greatly influenced by the
strength and longevity of his
cattle,” Haenlein says. “Whether
the cows in a herd last an average
five, six or eight years translates
quickly into overhead costs in
volved in raising calves to fill in for
cows that must be replaced.
Selecting those replacement
calves is another crucial economic
decision. Which ones will be worth
two years of care with no
production returns? The farmer
must base such decisions on ex
perience and knowledge of the
strengths and weaknesses of his
different calves."
The skills to do this are gained
through years of working with
cattle, training in schools, 4-H and
FFA projects, breed association
and extension programs, including
workshops such as this one, the
specialist says.
There is no fee to participate, but
bring a bag lunch. Also bring a
covered dish if you plan to stay for
supper. For further details, call
the Buskers at 398-4764 or Haenlein
at 451-1333 or 451-2523.
HARRINGTON, N.J. - The
Delaware Holstein Association in
conjunction with the Delaware
Cooperative Extension Service is
again sponsoring a workshop for
dairy farmers and their families.
The event will take place on
Saturday, July 14, from 10 a.m. to 8
p.m. at the Charles and Char
mayne Busker Farm, on Route 14
west of Harrington.
The workshop will cover the
evaluation of calves, heifers and
cows for best dairy character,
mammary system, body capacity,
feet and legs and other physical
characteristics having a direct
relationship to longevity and
producing ability. There will also
be training in preparing animals
for judging and show competitions.
With the Delaware State Fan
due to open shortly afterwards,
this preparation should be timely,
says University of Delaware ex
tension dairy specialist Dr. George
Haenlein. He also feels producers
could benefit by improving then
skills in evaluating individual
animals.
PFU holds summer camp
HARRISBURG Camp Pennsylvania Farmers Union
Kanesatake, Spruce Creek, Summer Camp for 1964. Five full
Huntingdon County, was the site of days of camping started on Sun
day, June 24, and concluded on
Thursday, June 28. 58 children of
PFU members attended Camp for
a minimal fee.
The ages of our campers range
ESgwaadtfM from 8-17 - and there was
something for all to do. Activities
included arts and crafts, swim-
I ming, softball, volleyball, a talent
J. night, publishing their own
newsletter and much more.
Chester L. Reed, PFU’s new
Executive Director, who was also
Camp Director, stated, “This time
is an enjoyable learning ex
perience for our youth. Along with
the fun they learn the many facets
of farming and that they too are an
important part of our
Organization.’’
The Pennsylvania Farmers,
Union represents 5,500 members
and 31 chartered county
organizations.
Trucked regularly
from the orchards
N.J. BLUEBERRIES
Black
RASPBERRIES
Rad Tart PIE
CHERRIES
Lodi HARVEST
APPLES
Largo Swoat
CHERRIES -
Dk. A Lt.
Calif. APRICOTS
N.W. BING
CHERRIES
Please phone ahead to
learn of availability and
bring your containers.
For latest fruit infor
mation listen to WOAC
FM 94.5 6:15 pm every
Monday, Wednesday
& Friday with the
weather report
Canning SUGAR
Gran, or Raw
Homemade
Paring Knives
Rootbeer Extract
for making home
made rootbeer w/yeast
In 4 oz. & 32 oz. sizes
Tartaric Acid
tP - GAS SERVICE
Store Closed July 4
SUEDIAC
COAL STOVES
Hopper Feed
and
Automatic Draft
OFF SEASON
PRICES
BOWMAN'S
STOVE SHOP
RO 3, Ephrata, PA 17522
Rt 322.1 Mi East