D6-Lancaster Farming Saturday, March 22,1986
BUSINESS NE
Hoober personnel visit Steiger
FARGO, ND With a theme of
“Four Wheel Drive Pride,” Steiger
Tractor, Inc. hosted over 3000
dealers and farmers from all over
the world in Fargo during
January, including Charlie
Hoober, C.B. Hoober & Son, and
Daryl Peifer, of Hoober Equip
ment.
On consecutive days from
January 20 through the end of the
month, attendees at the show had
an opportunity to see the new 1000
Series tractors, visit with Irvin
Aal, president and CEO of Steiger,
and tour the Fargo manufacturing
plant for the four-wheel-drive
tractors.
The 1000 Series Steigers, five
models ranging from the 190-
horsepower Puma 1000 to the 375-
horsepower Lion 1000, represent a
new three frame concept of tractor
manufacturing, with each model
sharing many common com
ponents. Each tractor is a fulltime
four-wheel-drive tractor with easy
access cab, 51 square feet of tinted
glass, adjustable 12-position
seating, tUt/telescope steering
wheel, on-board microprocessor
Agway promotes Steele
SYRACUSE, NY - Robert L.
Steele has been named technical
development manager, marketing,
Feed Services, at Agway Inc.
A native of West Virginia, Steele
holds B.S. and M.S. degrees in
agriculture and animal science
from West Virginia University. He
joined Agway in 1967 and served in
dairy and livestock R&D prior to
his present position.
Steele is author and co-author of
numerous research reports,
scientific papers and popular
articles. He is co-author for U.S.
and Canadian patents on the
“Method of Formulating Dairy
Cattle Rations” to optimize milk
production by balancing the
proportion of soluble and insoluble
protein in dairy rations.
FCA issues reporting regs
McLEAN, VA The Farm
Credit Administration (FCA) has
ssued final regulations
inscribing the content of annual
•eports and annual meeting in
ormation statements to
itockholders by institutions of the
’’arm Credit System. The
regulations also require quarterly
’eports of condition and per
ormance to be filed with the
igency.
The action was taken by Donald
2. Wilkinson, the agency’s acting
;hairman, who has the authority to
ixercise the powers of the FCA
ward until its chairman is ap
sointed by the President.
The regulations were first
mblished in the Federal Register
27,1985, for public comment.
The agency also adopted an
unendment to its regulations
-elating to disclosure under the
•’reedom of Information Act. It
lesignates as public information,
>r available for reasonable
that provides electronic readouts
on major functions and diagnoses
itself, and a full power-shift 12
speed transmission that is elec
tronically controlled.
A center for much interest at the
Fargo show was the Puma 1000,
which features a steerable front
axle option and bar axles for
making minor adjustments during
row crop work. The Bearcat 1000 at
235 engine horsepower, Cougar
1000 at 280 horsepower, Panther
1000 at 335 horsepower and Lion
1000 at 375 horsepower make up the
remainder of the 1000 Series.
Load-sensing hydraulics are
standard on all models, with op
tions ranging from extra remote
couplers to three point hitches and
10000 RPMPTO’s.
Since 1958 when the first Steiger
tractor was built in a dairy bam
near Thief River Falls, Minnesota,
over 20,000 tractors have been
manufactured by the company.
Steiger Tractor is headquartered
in Fargo, where a 420,000-square
foot manufacturing facility shares
space with all other divisions of the
company.
Robert L Steele
:opying costs, reports to
ihareholders filed under the new
•egulations and items in the
eports of condition and per
ormance that are essentially of
he same character as items
lisclosed in reports to
ihareholders.
The regulations will become
jffective 30 days after publication
n the Federal Register during
vhioh one or both Houses of
Congress are in session.
The agency will also propose for
;omment an amendment to the
inal disclosure regulations that
vould (1) require the disclosure of
he aggregate compensation of
senior officers, (2) require all
farm Credit Banks and Produc
-ion Credit Associations to issue
quarterly statements to
shareholders, and (3) require that
financial statements of each
Federal Intermediate Credit Bank
accompany the annual reports of
Production Credit Associations
that are shareholders of the bank.
White Oak Mills names two managers
ELIZABETHTOWN - Michael
Pflieger has been named
marketing manager for finished
hogs and feeder pigs at White Oak
Mills. Replacing Pflieger
and service representative for
finishing hog units is David White.
Both appointments were an
nounced recently by White Oak
president John Wagner.
In his new post, Pflieger is
responsible for marketing all the
finished hogs and feeder pigs
produced by White Oak feed
customers. He also handles the
hedging and forward pricing for
cattle as well as swine customers,
Pflieger lives in Hopeland and is
a 1963 graduate of Manheim
Central High School. As a student,
he was active in his FFA chapter’s
activities, and worked part time
for White Oak before graduation.
He also worked part time on a
number of farms while he was still
in school. Pflieger holds the
Keystone Farmer degree, the
highest state honor awarded to
Pennsylvania FFA members.
David White has joined the White
Oak Mills staff as-a sales and
service representative for
finishing hog units in Lancaster,
York and Cumberland Counties.
He also does some work With beef
cattle.
White graduated in 1976 from
Manheim Central High School. He
and his wife, Sally, have two
Baltimore Banks report
success amid difficulties
BALTIMORE The problems
of agriculture-past, present and
future-were the topic of the hour
as the Farm Credit Banks of
Baltimore opened its annual
stockholders meeting last week at
Baltimore’s Hyatt Regency Hotel.
Nearly 800 people including
presidents and directors of the 26
affiliated Federal Land
Bank/Production Credit
Associations, general managers
and directors of the stockholding
cooperatives, the Baltimore
Banks’ board of directors and
senior officers and invited guests
came from as far away as Puerto
Rico as well as Maryland,
Virginia, West Virginia, Delaware
and Pennsylvania.
Reporting to the group, during
the morning business session,
Baltimore Banks’ President Gene
Swackhamer talked about some of
the difficulties endured by
American farmers over the past
year. As a major agricultural
York Farm Credit sets meetings
YORK The annual
stockholders meetings of the
Federal Land Bank Association of
York and the Production Credit
Association of York will be held as
follows:
•March 24, 1986, Wisehaven
Hall, York, Pennsylvania
Registration 6; 30 p.m.
• March 25, 1986, Sheraton Inn,
Gettysburg, Pennsylvania
Registration 10:30 a.m.
• March 25, 1986, , Embers
Convention Gehter, Carlisle,
Pennsylvania - Registration 6:30
p.m.
According to Jay * V. Rush,
President of the York Farm Credit
Service, a highlight of the meeting
Michael Pflieger
children, Travis, 4, and Abby, 2.
The Whites live at Manheim R 5
and are members of the Chiques
Church of the Brethren.
White is a graduate of the
Repperts School of Auctioneering
in Decatur, Indiana, and serves as
an auctioneer for Saturday mor
ning hog sales at the Lancaster
Stockyards.
The 50-year-old White Oak Mills
Farm
Credit
News
lender, the Farm Credit System* is
feeling the whiplash of the fanning
community’s economic crunch.
“Adversity will not disappear
from agriculture in 1986 and the
Farm Credit System will not be
exempt from its share of the
stress,” said Swackhamer, “but
we are well positioned to adjust.
We have a strong capital base, a
proven record of quality
borrowers, and a lean and cost
effective operation. Further, our
employees are skilled
professionals who care about this
(the agriculture) business.”
Swackhamer and other
Baltimore Banks’ officers reported
the financial situation for the
district by showing net earnings of
$12.7 million for 1985. They also
reported that net earnings were
significantly reduced by the $13.6
million in financial assistance sent
to troubled Farm Credit districts
in other regions during the past
this year will be a report on the
progress made by the association
during the past year. The election
of three directors and Nomination
Committee is also on the program
and a report of the board of
directors on important actions
taken during the year.
Directors of the Production
Credit Association of York are
Norman G. Blocher, of Aspers, PA,
Chairman; Ronald C. Allison of
Chambersburg, Vice Chairman;
Marlin E. Miller, of Carlisle;
Robert L. Smyser, of York, and L.
Earl Gross, of Fawn Grove.
Directors of the Federal Land
Bank Association of York are
Ralph H. McGregor of East Berlin,
> 1
a >a
David White
has been owned for the last
years by John and Mark Wagner
They have increased the wort
force from a handful of employee!
to 35 full-time workers. They have
also increased the product range
and market area. The firm now
services primarily hog and dairy
accounts, with a line of othi
livestock and pet feeds.
year.
“A test of management succe
is to report profitable operations
stockholders,” Swackham
noted. “I am pleased that tl
Baltimore Banks were able I
handle difficult agricultun
conditions in 1985 and still repo
profitable operations.”
The general Mid-Atlantic an
served by the Farm Credit Banl
of Baltimore was not as hard hit)
other areas throughout tl
country. Several factors contribu
to the success of the district i
eluding a conservative approach!
the stockholding borrowers,
realistic approach to loan appron
by the banks and association
relatively consistent land values!
the area as well as diversify
farms producing many differ#
agricultural products.
Another factor contributing 1
success for the Baltimore Distal
are the types of loans offered
Coupled with a staff who take)
very personal interest in tie
agricultural community, success
comes as a positive by-product.
“It is my belief that out
closeness to the customer wil|
assist the Banks in meetuf
equally challenging conditions u{
1986,” Swackhamer added.
are offering alternative short aid!
long term fixed rate and variable]
rate loan programs, agribusiness
and producer leasing options, reds
cash for regular and revolving
credit-line borrowers as well ai
other free-based financial sen
vices. Farmers have many options
and an experienced agricultural
loan officer for financial con
sultation.”
Chairman; J. Wilbur Burkholder
of Chambersburg, Vice Chairman;
Horace H. Waybright of Get
tysburg; J. Maynard Weary of
Newville; and Leroy R- Bupp 01
Seven Valleys.
The York Farm Credit Service
makes short, intermediate, or
long-term loans to J farmers m
Adam Cumberland, Franklin,
Fulton, C. ry id York counties.
Full service .. ,*nch offices are
located in York, Carlisle, Cham
bersburg, Gettysburg, New
Bloomfield and Stewartstown. me
York Farm Credit Service is en
tirely owned by the borrower
members it serves.