AI2-UncMt«r Fannins, Saturday, June 1,1985
Pa. state fairs get improvement funds
HARRISBURG - Sixty Penn
sylvania agricultural fairs will
receive matching fund payments
totaling $120,183 for capital im
provements tips year, according to
Acting State Agriculture Secretary
George F. Grode.
Grade said this is the first time in
six years that funding has been
available for ca'pital im
provements at the state’s 105 fairs.
“Each year, $2.5 million is ap
propriated to our fairs to reim
burse their costs of events,
WASHINGTON -
There’s no doubt the
strong U.S. dollar has
hurt American exports,
but the dollar may
sometimes get too much
of the blame, says a
recent issue of the
Agriculture Depart-
meat’s FARMLINE
magazine. According to
economist Mary
Ponomarenko of
USDA’s Foreign
Agricultural Service, a
rising dollar does not
necessarily price our
products out of the
market.
Ponomarenko points
out that high inflation
rates in many importing
nations have partly
offset, or even com
pletely overshadowed,
the effects of the
dollar’s climb against
these currencies.
Take the case of U.S.
:om to Mexico. The
iverage U.S. Gulf port
trice for American com
ise 15% between 1980
id 1984. But the ap-
eciation of the dollar
ainst the Mexican
o raised the price of
'. com in pesos by
r e than 700%
.uugh, probably, to
iscourage any pur
hases had it not been
or Mexico’s runaway
nflation. Inflation
aises the prices of all
oods and services in
die economy, so a 700%
increase in the price of
mported corn is high
only if other prices in
Mexico rose by a much
smaller amount. After
adjusting the U.S. corn
price for changes in
both the exchange rate
and inflation, the “real”
cost to Mexico for U.S.
com rose by 30% from
1980 to 1984.
Or consider the
Korean example. Again,
he U.S. dollar price for
;om rose 15%, but the
ippreciation of the
loUar jacked up the
orice in South Korean
currency by slightly
nore than 50%. When
nflation rates are also
aken into account,
rowever, the “real”
nice of U.S. com to
Corea rose by only 10%.
Jouth Korea’s inflation
ate had, in fact, more
han compensated for
he dollar’s climb.
Trade analysts do not
•laim that we shouldn’t
vorry about a strong
lollar. Even in markets
rith high inflation
ates, costs of U.S.
•roducts would be much
nore attractive without
he sharp appreciation
f the dollar. That, in
am, might encourage
.lore imports, and it
rould almost certainly
mprove America’s
exhibitions and premiums,” Grode
said. “Matching funds for capital
improvements become available
when a balance remains after
other Fairy Fund obligations have
been met.”
Grode said that a committee
established to consider the mat
ching funds payments had given
approval for priority payments to
20 fairs which have had matching
funds requests on file the longest.
These payments range from $723 to
$3,500. Another 40 fairs will each
Strong dollar
competitive position vis
a-vis rival suppliers.
Instead, analysts
point to the Mexican and
Korean examples to
show how the price of
impact of the strong
dollar can be greatly
\bung or old, dairy products make our lives a little
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the problems and stresses of producing dairy
products, we would like to thank you. \bu deserve it.
££) young’s
LIVESTOCK
NUTRITIONAL SERVICES
Roaring Spring, PA 16673
814-793-3701
1-800-323-1037 (PA)
1-800-323-1038
etsss YOUNG’S
The Limitation of Warranty and ramady appearing on the label
la part of the tarma of aala
•Registered trademark of Pioneer Hi-Bred international, Inc.
Dee Moines, lowa, USA
receive equal payments of $1,665.
“This system was determined to
be the most equitable,” he said,
noting that the 60 fairs had ap
plications on file for $781,395 in
matching funds.
“Our local, county and regional
fairs are unique to Pennsylvania,
providing a great opportunity to
promote a better understanding of
agriculture, while giving the farm
community the chance to compete
and improve the quality of Penn
sylvania crops and livestock,”
exaggerated if inflation
rates are ignored. Both
exchange rates and
inflation rates must be
considered, they say.
The dollar’s rise may
have hurt more in some
countries with
Available From; Your Pioneer sales representative.
relatively strong
currencies but low in
flation rates, such as
West Germany, than in
many less developed
countries with weak
currencies but high
inflation.
\
PIONEER.
SILAGE INOCULANT
MAKES GOOD SILAQE EVEN BETTER
Grode said.
The Acting Secretary said ap- remain on file, and receive further
plications for the balance of these consideration in the future when
funds are available.
Farm Calendar
(Continued from Page A 10)
continues through June 15. Call
814-865-6301.
Cumberland County dairy princess
pageant, Embers, Carlisle.
Perry County dairy princess
pageant, Newport Fairgrounds,
Newport.
Saturday, June 15
York County Farmers Association,
free farm tour, Hellam area, 10
a.m.to4p.m.
Junior Livestock Day, Ag Arena,
Penn State University.
Adams County dairy princess
pageant, Biglerville High
School.
Franklin County dairy princess
BRAND
matching funds requests would
pageant, Kauffman Community
Center, Chambersburg.
Huntingdon County dairy princess
pageant, Shaver’s Creek
Community Building, Peter
sburg.
Lancaster County dairy princess
pageant, Farm and Home
Center, Lancaster.
Sullivan County dairy princess
pageant; Main Street, Dushore.
Sun Area dairy princess pageant,
Boscoe’s, Susquehanna Valley
Mall; Selinsgrove.
Washington/Greene County dairy
princess pageant, Washington
County Fairgrounds,
Washington.
1177
(E).
PIONEER.
MINO
SEEDS and INOCULANTS