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.
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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.