Farm organizations demand U.S. fiscal responsibility
IHINGTON, DC - One fiscal responsibility through been delivered to President by members of the ‘ Balanced
i post cards demanding reduced federal spending have Reagan and members of Congress Budget Brigade" The group is a
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ROGER L. SANER
Thompsontown, PA
717 535-5307
EVENS FEED MILL, INC
Stevens, PA
215 267 2150
lEW FREEDOM FARM&
HOME SUPPLY, INC.
New Freedom, PA
717-235-3606
CLARK SUPPLY CO.
Rising Sun, MO
301-658-6464
RICHARD B.KENDIG
Special Accounts
Representative
Phone 302-478-3058
EACONFEEDS
York, PA 17504
PH: 717-843-9033 We're Employee Owned. That's Why We Shine.
BOiTOH TURKEY FARM
Silverdale, PA
215-257-6047 215-723-3040
NOLT’S MILL
Witmer, PA
717-393-1369
H. JACOB HOOBER
Intercourse, PA
717-768-3431
MARTIN’S ELEVATOR, INC.
Hagerstown. MO
301-733-2553
R.E. RUMSILL
Beacon Advisor
Phone 717-854-2281
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RAY BRANAS
Beacon Advisor
717-843-4515
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MCCRACKEN’S FEED MILL, INC.
Manheim PA
717 665-2186
H.O. ANDREWS & SONS, INC.
McVeystown PA
717 899-6772
DAVID 0. FINK
Germansville, PA
215-767-1408
HANES INC.
New Wilmington, PA
412-946-8735
ISAAC K.LEFEVER
Beacon Advisor
Phone 215-267 7042
Lancaster Farming, Saturday, February 16,1985-El9
grains eligible
WASHINGTON - “Feed gram
producers with maturing 1984-crop
barley, com and sorghum regular
loans may place their crops in the
farmer-owned reserve,” Secretary
of Agriculture John R. Block has
said.
“Producers with 1984-crop oat
regular loans may place their
crops in the reserve if the oat
reserve is not in release status
when the regular loan matures,”
Block said. The oat reserve is
currently in release status
Current provisions - a storage
rate of $.265 per bushel for corn
and barley, $.20 per bushel for oats
and $.4732 per hundredweight for
sorghum and no reserve minimum
- will apply.”
USDA had said it would review
the size of the reserve before the
regular 1984-crop loans matured.
“Because some barley and oat
loans will begin to mature on
February 28, an announcement on
reserve availability must be made
now,” Block said.
“With this action, it is not likely
that the feed gram reserves will
reach 1 billion bushels before 1984
regular loans begin to mature,”
Block said.
Farmers will not be permitted to
convert existing and maturing feed
gram reserve loans into the
current reserve. The trigger
release level will be $3.25 per
bushel for com, $2.65 per bushel for
barley, $1.65 per bushel for oats
and $5.54 per hundredweight for
sorghum. Interest is charged on
reserve loans during the first year
in the reserve. No interest is
charged after the first year, except
during certain release periods.
Producers should contact their
county Agricultural Stabilization
and Conservation offices for
further details.
coalition of national and state farm
organizations, commodity groups,
home, builders, realtors and
members of the financial com
munity.
Elton Smith, American Farm
Bureau Federation vice president,
said a balanced federal budget
achieved through spending reform
must be accomplished now in
order to lower interest rates. A
public lack of confidence in present
national fiscal and monetary
policies 'especially in future
actions of Congress, the Federal
Reserve and the banking system”
has caused interest rates to remain
high because leaders fear inflation
and do not want to caught by
changing rates
In distressed economic areas of
this country, many farmers and
ranchers are financially trapped
by high interest rates at a time of
depressed commodity prices and
reduced land values Lower in
terest rates are necessary to their
survival," the Michigan dairyman
said.
Other farm groups tailing part in
the activities included the National
Grange, the National Farmers’
Organization, National Corn
Growers Association and the
American Soybean Association
Representatives from each
organization agreed the federal
budget must not be balanced
through increased taxes
According to Smith, Any new
taxes large enough to affect the
deficit would surely increase in
terest rates, reduce disposable
income and lower standards of
living ”
1984 feed
for reserve