A32-Lancaster Farming, Saturday, March 23,1985 LANCASTER Customers ot the Lancaster Farm Credit Association have bucked the national trend, and, for the most part, have reduced their borrowing over the past few years. And that, Farm Credit officials told the association’s annual meeting this week in Halifax and Strasburg, has brought about unusual strength and vigor for the local system in these troubled economic times. While some farmers are plagued by the general problems in the farm economy, officials here report less delinquency and bad debt than is being noticed nationwide. Because that’s also true INC. Formerly Roy E. Ulrich Supply. Inc. Your One Stop To Hydraulic Parts & Service - PARTS - - SERVICE - •Goodyear Fluid Connectors .. Fluid Power Specialists 1. Most all (tor, vans, piston pump and •Char-Lynn/Eaton Corp. motors (OEM units when parts _ . . _ available to us.) • Prince Manutactunnc Corp. •Permco 3 Directional, (km. pressure control, •Nycoil Air Products •Systems Machinery Engineering Inc. •Monarch Road Machinery •Precision Honing Cylinder Tubing - 2”-21” up to 17’ Pick-up and Delivery Available...AND MUCH MORE CALL OR STOP FOR MORE INFORMATION Authorized Dealer-Sales Parts-Service for Hiab Cranes 131 Elmwood Rd., Lancaster, Pa. Just East of Lancaster off Rt. 340 (Near Carter Lumber) Open Mon.-Fri. 8-5, Sat. 8-12 Please Note NEW Number Phone 393-0401 or JJSOOJ3&S9O] 1-800-441-0652 NEW TRICKLE IRRIGATION | MULCH PLASTIC ! WALL O’WATER i PLANT PROTECTORS ! We Have Chapen’s TWIN WALL IV Also T Tape Products We Stock Plumbing Supplies Close Out Sale On Bi-Wall $78.00 6000 Ft. Roll While Supplies Last WALL O’WATER PLANT PROTECTORS • You Can Plant 6 to 8 Weeks Earlier • Harvest 5 to 6 Weeks Earlier • Protects to 16° F • Reusable for 7 to 10 Years • Results Guaranteed Call or Write | MENNO M. ZIMMERMAN i TRICKLE IRRIGATION SALES I REMf 3 EPHRATA, PA 17522 I . 215-445-4144 3 Local farmers reduce Farm Credit borrowing throughout the Baltimore region of the Farm Credit system, said Stephen J. Swift, Assistant Vice President and Assistant Treasurer of the Farm Credit Banks of Baltimore, the entire region has been able to offer money at an extremely reasonable rate. Farm Credit’s bondholders, he said, know that the system is a “low-risk” investment. And they’ve responded by purchasing Farm Credit bonds at a rate only slightly higher than the Federal Government pays on its borrowings. Local members may feel it is not in their best interests to stand behind the troubled system in Spokane, WA, for instance, he LOC valves. 4 Accumulators 5 Design of new systems 6. Design of (Re-design) problem systems- noise, vibration, severe shock, etc. ' 7 Trouble shooting most all fluid power systems g Maintenance and service contracts 9 Custom made hyd. hose while-u-wait noted. But ail Farm Credit borrowers benefit from the lower rates bondholders accept because the 37 regional banks each are backed by the entire system. In his review of the highlights of the Lancaster Farm Credit Association’s financial status, General Manager James S. Owen noted that the Federal Land Bank Association had about $167 million in loans to 1,500 farmers, a decrease of 2.35 percent in loan volume and 6.35 percent in num bers of participants. The Production Credit Association reported slight in creases for the year, increasing loan volume 5.86 percent to $57.6 m TRI CO. SWINE SYSTEMS Invites You To Attend Their MONDAY, APRIL Ist Thru SATURDAY, APRIL 6th Keep This Date Open SPECIAL ALL DAY PROGRAM Tuesday, April 2nd Full Details Coming In Future Issue Of Lancaster Farming CONTACT US For MANURE HANDLING EQUIPMENT Semi- and Liquid Spreaders - Ground Driven - Easy Running Priced Reasonably PIT ELEVATORS ALUS CHALMERS AND WISCONSIN POWER UNITS COMPACT ROTO BEATERS Smaller Improved Model 2 Sizes To Choose From HAND-O-MATIC BUNK FEEDERS NOW IN STOCK FOR EASY SILAGE DISTRIBUTION COMBINATION MOWER & CRIMPER UNITS SMUCKER WELDING & MANUFACTURING 2110Rockvale Road Lane., PA 17602 PH: (717) 687-0772 Note: Closed Good Friday, April sth million and numbers by three percent to 1,265. The combined volume of long and short-term loans dropped slightly to $225,349,762, down about $850,000 from the 1983 total. The figures clearly indicate that local farmers are paying off their loan obligations in difficult times, rather than incurring new debt, Net income for the FLB in creased $34,000 to $247,949, while PCA’s income contmued a three year decline, dropping to $342,285,m0re than $230,000 less than the 1983 figure. Much of the reduced income apparently resulted from the $456,289 in loans the PCA charged PHONE 717-274-3488 SWINE SYSTEMS off in 1984. The association ab sorbed $297,713 in loan charge-off; by reducing income, with thi remainder coming from its $ million allowance for loan losses. LED PH2 Water Cooled Version Available • Hand Cranked Standard • 24 Air & Water Cooled Models Available - IV2 - 40 H.P. Diesels Our Specialty Call For Used Diesels Let Us Know Your Service Problems 24 Hour Service Check Our Prices AUTHORIZED PETTER DISTRIBUTOR HOOVER DIESEL SERVICE Mam Location PH: 717-656-3322 717-295-1729 2998 West Newport Rd. Ronks, PA 17572 2 >/ : miles East of Leola Along Rt 772 DEALER INQUIRIES INVITED TBii-CMmnr ■f ■sY M *S i f QUIFMINT FETTER DIESELS inch Local PH: 717-786-2173 R 0 3, Box9lA Quarryville, PA 17566 2 miles West ol Georgetown on Furnace LEBANON PA. %
Significant historical Pennsylvania newspapers