Dl2-Lancaster Farming Saturday, March 29,1986
LANCASTER Atlantic
Breeders Cooperative issued a
very positive financial statement
at its recent annual meeting.
Finanacial director Dave
Mellinger reported an increase in
revenue of greater than two per
cent, raising total revenues to $6.3
million..
Mellinger also noted that net
savings were up 23 percent to bring
the savings and income total to
$176,247.
More than 70 percent of the
organization’s $4.1 million in total
revenues came from on-the-iarm
technician services, which added
$3,246,478 to the till. Direct herd
sales, which saw a growth of 14
percent, contributed $1,383,961 or
22 percent of the total revenues.
Semen sales to domestic and
international markets rounded out
the revenue picture. In this
division, international sales
totaled $951,943.
The recent fiscal year saw the
export market increase 40 percent.
Unit sales to Latin America were
the highest ever and rose 30 per
cent from 1984. This encouraging
trend is expected to continue into
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302 lona Rd., Lebanon, PA 17042
Phone: 717-272-8943
Atlantic Breeders reports positive financial year
IM6. and challenging. The co-op has changes and will continue to the
In 1985 Atlantic made some short prepared for the future by giving it provide the best service available economic g ro wthrate worldwide
term borrowing to start Federated a great deal of thought, planning to its members. favorable cron develonment in
Genetics, a joint marketing ven- for it, and we are now aimed in the Lee Rummer, John Paxton and f = countr ies and unfair trade
ture between Atlantic, Eastern, right direction,” Slusser added. Norman Sollenberger, retiring „„„£<! R ar r noted
and LABC. This union “will In conclusion, he praised the board members, were recognized p R .’ . t
generate long range positive board for making many tough for their service to the co-op. economv f or the next vear hut
benefits to the members,” decisions quickly and correctly. Paxton a board member for 21 remains y nposimistip about’ tha
Mellinger said. “Federated Describing the year as one of years and Sollenberger a board inf i ation J~L Due to the lower
Genetics is surpassing all goals growth and challenge in his report, member for 22 years were Brainnri ces lie exnects the nrices
and member sales look good from Harry Roth, general manager, presented placques for their ? th p i iv p sto( .k indiistrv to he
this union of three strong cited member sales and technician meritorious contributions. favorable
organizations,” he added. service and two areas where this The keynote speaker for the v 0 tim> that pnn-mit world Brain
David Slusser, president of the was witnessed most readily. The meeting, Dr. Terry Barr, vice . . | * 9n
board of directors, noted that this member service program is president for agriculture and trade . , , Ro J.
federation will provide the making great strides, with the policy, explained the U.S.’s wis this will turn around but will
members with the strongest bull Linear-Mate opportunity receiving position in the world marketplace. , th ’ 1U
lineup of any organization. “The 70 increased attention. The U.S. entered into the world . e / .
percent repeatability of the list is “We have the most stable, market in the 1970’5, Barr ex- , . f™. r—L 3
the highest any stud in the nation uniform population of cattle at our plained. In that time period, one snHuoffw nmrirc
offers, at the lowest prices,” doorstep. Our membership area is third of the agricultural products . . R . ?
Slusser reported. also the most stable and has the were exported. This has since -The industry must take a realktir
In reviewing last year’s financial best long range program to work dropped to 23 percent, and has , k t . jt ,rj and
report, Slusser credited the in- with,” Roth said. stagnated, Barr said. Sdo to achi^ve a nofitoble
crease in savmgs to the “healthy Looking the to future, Roth The reasons for this stagnation is it .„ R rnnHnHerf
management by the staff and the suggested genetic advancement - P 8 >
long range planning committee.” will be developing quickly. The
“Atlantic operates in the most marketing area will need to know
progressive states with the best how to meet the needs that come
dairymen,” Slusser said, further with these changes, Roth con
explaining Atlantic’s successes, tinued. He assured the group that
“The future for Atlantic is bright Atlantic is ready to meet these
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David Slusser, president, left, recognized retiring board
members John Paxton and Norman Sollenberger at Atlantic’s
annual meeting. Paxton served on the board for 21 years and
Sollenberger served for 22 years.
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