A3O-Uncast«r Fanning, Saturday, Octobar 26,1985 SYRACUSE Pointing out a John Fridirici, Vice President, record of 42 months of “sustained, Corporate Development, said that real progress,” Dairylea among the key factors indicating a Executive Vice President Bob L. business organization’s health are Hall told delegates to the liquidity, solvency and quality of cooperative’s 66th Annual Meeting assets. “In each category,” he that “each year of the past three is said, “Dairylea has shown marked a substantial improvement over improvement.” the year previous...” WASHINGTON - Vance L. Clark, administrator of the U.S. Department of Agriculture’s Farmers Home Administration, has announced major changes in the agency’s guaranteed loan program. The changes are designed to help farmers with severe credit problems arrange their financing for the coining year in a timely fashion. “We are going to streamline our guaranteed loan procedures,” Clark said. “We are going to ex pedite the entire processing operation so farmers will be spared much of the paperwork, delay and frustration they’ve had to deal with in the past.” The changes in the guaranteed loan procedures will take effect October 7, after publication as an interim rule in the Federal Register the week of September 30. They include: - Allowing a farmer to establish a “line of credit” with a par ticipating lender, so approved funds may be advanced as needed for loan purposes. Designed For Your Needs BUILT TO LAST • Inside or Outside • High Manger or Low • 37 Bu., 52 Bu., 74 Bu. Sizes • Hydrostatic Drive • Honda Powered Rental & Leases Trades Accepted USED SILAGE CARTS AVAILABLE • Uebler 770, New Batteries 11,195 • Uebler Gas Engine. Arrange For A Free Demonstration Thru Your Local Dealer By Calling Toll Free Today Dairylea in good health, financially, delegates told USD A announces changes in FmHA loan program - Accepting the approved len der’s completed forms as much as possible, to avoid duplication of paperwork, and to save time and effort. -Setting time limits for com pleting the loan guarantee ap plication process. - Allowing farmers to use guaranteed loans to refinance direct Farmers Home Ad ministration loans. -Giving lenders quicker set tlement on their loss claims. - Modifying requirements for aporoved lender status. ID HERSHEY EQUIPMENT Tl [COMPANY, INC. /s / S 1995 TU? hershey equipment HI COMPANY, INC. In addition, explained Fridirici, the cooperative’s status of ac counts receivable is excellent, and inventories are low “intentionally” because Dairylea maintains a minimum finished goods inventory in relationship tp sales. He said that inventory levels have dropped “Our first priority is to help our farmers,” Clark said. “We can do that by offering them an efficient, workable guaranteed loan program. To do that, we must begin immediately to work with our field staff, and the commercial and cooperative lenders par ticipating in the program. We don’t have time to wait two years or more, while the usual rule-making process takes its course. So we are publishing these changes as an interim rule, which allows us to move ahead.” The Systems Approach Hershey Equipment lets you put It all together HANDLES THE FOLLOWING EQUIPMENT, SUPPLIES, AND PARTS • Dropping Boards • Egg Belt • Fox Valves • Expanded Metal Floor • Time Clocks • Thermostats • Timers • Pressure Regulators • Water Filters • Egg Room Coolers • Egg Room Doors • Auger Pan Feeders • 8’ Hanging Waterers • Power Failure Alarms • Winches & Pulleys • Generators • Fans • Hart Waterers • Val Waterers • Layer & Chick Cages • Round Hanging Waterers • Motors • Screw Hooks & Chain • Nests Dtttyim of Quality Hm&§. over the past three years from more than $l4 million to ap proximately $4 million thereby reducing the co-op’s need for borrowed money. Fridirici also reported that another indicator of Dairylea’s good “health” was the fact that of the approximately $l9 million in assets now on the books, more than $l2 million was invested in plants, property and equipn\ent during the most recent three years. Equity of members in their cooperative is also up, increasing from a low of less than 2 percent in 1982 to a level at the end of fiscal 1985 of 10.7%. It is continuing to increase toward a goal of 20 per cent of assets, he said. Willis Day, Vice President of Membership, told the 800 delegates and guests that membership had stabilized and that during the past 12 months, new members joining Dairylea exceeded members cancelling by a ratio of three to one. “The net effect,” said Day, “is that out total member milk production for the last several Todays prom minded poultry, swine, end grain producers must think in terms of an automatic system. “System thinking” can help you plan away problems before you begin, or it can help you automate away problems you now have. Hershey Equipment Co. is geared to provide ail components of the system including equipment, plumbing, electrical and building. This will assure that the pieces will fit together to form a profitable system. of • Hog House Ventilation • Plasson Waterers • Hog Nipple Drinkers • Turkey Feeders • Varco-Pruden Buildings • Farrowing Crates • Grain Bins • Hog Feeders • Bucket Elevators • Grain Dryers • Brooders • Cage Feeders • Nursery Feeders • Gas & Water Hose • Stainless & Galv. Cable • Gestation Stalls • Cable Pit Cleaners • Bulk Feed Bins • Flex Auger Fill Systems • Pullet Transport Carts • Cage Nipple Drinkers • Manure Augers • Hanging Feeders • Broiler Feeders SYCAMORE IND. PARK 255 PLANE TREE DRIVE UNCASTER, PA 17603 (717)393-5807 months has been well above that for the same months of the prior year.” He also told delegates that since last year’s annual meeting, “We have six new affiliated cooperatives, making a total of ten cooperatives affiliated with Dairylea. We now speak with a voice representing some 5,000 farms on many important issues.” Commenting on the acquisition by Dairylea of the NEDCO fluid milk distribution routes last June, Hall said: “While there is much yet to be done, the efficiencies already in place and those to come will continue to pay dividends. Additional benefits occurred from the broader distribution of Dairylea Ultra-pasteurized and cultured products through the expanded distribution system.” Hall summed up the co-op’s progress with the comment: “Dairylea is no longer in retrenchment or even stabilizing. Dairylea is ready for careful growth and profitability. Clearly we can deal with our problems and capitalize on our opportunities.” Route 30 West at the Centerville Exit.
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