SYRACUSE, N.Y. - NEDCO has filed suit against Empire Cheese, Inc., (a subsidiary of H.P. Hood) and Elmhurst Milk and Cream Co., Inc. The two separate lawsuits were filed last week in State Supreme Court in Syracuse, alleging that Elmhurst and Em pire Cheese are illegally picking up milk from producers currently under contract with NEDCO. The suit against Empire Cheese requests damages of $250,000 and seeks an injunction ordering Empire to cease any further ef forts to pick up milk of farmers under contract to NEDCO. Most of the producers named in the suit •■•ANTIC ■9 UUCTION >\ <;A Lancaster Farming's Ijgat"'- CLASSIFIEDS EVENOUR LAST-MINUTE IRAS GROW LIKE MAGIC. '\v?. .L' 1 \ v i,n ( ir NOW PSB HAS IRA FULFILLMENT LOANS IN TIME FOR ’ B4. 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According to NEDCO Chief Executive Officer, Dean Mc- Cormac, NEDCO hais also charged Elmhurst Milk and Cream Co. with illegally violating membership contracts, requesting damages in the amount of $150,000. Producers named in the suit are concentrated in Herkimer County. McCormac noted that the lawsuits result from the illegal defection of a number of NEDCO producers in January 1985, due to negative publicity about NEDCO’s financial situation. He added that New Home First Federal NEDCO sues NY. milk handlers money for you in a high yielding IRA account You'll qualify instantly for up to a $2,000 deduction right off the top of your 1984 taxable income And your money will begin earning high yields, compounded and tax deferred so it grows like magic You have 12 months to pay back the loan and you can prepay without penalty—with a refund check, perhaps And remember, the interest on your loan is another deduction—this time from your 1985 tax' The Penn Savings Bank IRA Fulfillment Loan Member FSLIC Accounts insured up to $lOO 000 Federal regulation requires substantial penalty for early withdrawal divisions of PennSavingsßanH “Illegal terminations of NEDCO producer contracts have com pletely stopped. As many as 50 percent of the farmers who left during that period have returned to Farm Bureau advances plan WASHINGTON - The nation’s largest farm organization is asking for a dairy program in the 1985 Farm Bill that will be more responsive to market conditions and will not continue to offer production in centives when market signals indicate that production should decrease. Testifying, on behalf NEDCO, and more are returning everyday.” The NEDCO C.E.O. added that these lawsuits are necessary because Empire Cheese and for dairy price supports of the American Farm Bureau Federation before the Senate Agriculture Committee, Peter Curra, President of the Maine Farm Bureau and a member of the AFBF board of directors, recom mended revision of the dairy program in 1985 farm legislation to “adjust support prices according to market signals derived from as ,s4^ It makes a $2,000 tax deduction for this year An interest deduction for next year And high Penn Savings Bank yields, compounded and tax deferred for your future And you can have it with one stop at your favorite Penn Savings Bank branch CALL FOR FULL DETAILS, INCLUDING PENN SAVINGS BANK’S HIGH CURRENT IRA YIELDS But do it now Your loan must be approved and your 1984 IRA opened before you file (Tax filing deadline, April 15th) Elmhurst Milk and Cream Co. have refused to honor membership contracts between producers and NEDCO, which is a violation of New York State Law. average price history and to levels of government purchases of dairy products.” In this manner, market forces will provide communications bet ween producers and consumers, while government programs give assistance to or derly marketing of dairy products. “The dairy industry 'Kill* r « if!*' does not exist in a vacuum, but must be considered, in the 1985 farth bill, within the context of its interaction with livestock and feed sectors,” said the Maine dairyman. Farm Bureau recommends that the dairy purchase program be continued in the new bill, Curra said, but that the support rate should be set at 90 percent of the average of the previous three years’ all-milk price, adjusted on Oct. 1 of each marketing year. This procedure will make the program more responsive to market conditions. A further recom mendation is for ad justments to the support rate if government purchases do not meet desired levels, ac cording to a schedule of purchases from a low of 3 billion pounds an nually, to 7.99 billion. If purchases reach or exceed 8 billion pounds during a marketing year, Farm Bureau supports granting discretionary authority for the Secretary of Agriculture to adjust the support price, by no more than three per cent, on April 1 of that marketing year and for any subsequent six month period that purchases are projected to exceed that level. “This program would remove the discretion to alter the program ac cording to political considerations and instead provide support prices that are deter mined by indicators of market conditions,” Curra said. The Maine farmer also pointed out that the 3.3 million member farm organization’s dairy policy is developed by dairymen along with other producers, and fits the broad general framework supported by Farm Bureau to maximize income op portunities, reduce overproduction, ensure ample supplies of farm products at competitive prices and provide a supply reduction program to be im plemented when carryover of any commodity exceeds workable levels. Farm Bureau favors loan levels tied to market prices and conditions, for all major export commodities and continued use of target prices, for those com modities now using that feature, to provide income support for farmers during their adjustment to a market-
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