VOL 31 No. 36
Grass-Roots Makes Point at National
Holstein Convention
Second high bid of the Century II Sale, $73,000, went to Hilltop Hanover B Damara-
ET. This bred heifer, sired by Valiant, sold to Pintail Point Farm, Queenstown, Md., along
with a five pregnancies guarantee. She was consigned by Hilltop Hanover Farms,
Yorktowne Heights, N.Y. See complete sale story and Thomas Kelly's story on A-26.
Seminar Explains Options Contracts
BY EVERETT NEWSW ANGER
Managing Editor
LANCASTER-A seminar
sponsored by Penn Ag Industries
Association was held Monday
afternoon to familiarize ag in
dustry leaders with option con
tracts for grain and livestock.
William Barclay, marketing
manager for ag and metal com
plexes of the Chicago Board of
Trade, opened the seminar by
equating grain and cattle option
contracts with a theoretical
example of a real estate tran
saction.
“Let’s assume you want to buy
some land for $2,000 from a
neighbor,” Barclay said. “You
don’t have the cash now so your
neighbor makes a proposal; I’ll
give you the right to buy that land
CCC Writing
Checks Again
WASHINGTON D.C. - The
Urgent Supplemental Ap
propriation Bill, authorizing $5.3
billion to the CCC, was signed by
the President on Wednesday, July
2.
Within the hour of the President
signing the bill, checks were being
written to make payments to
fanners for such programs as the
Conservation Reserve, disaster
relief, the buyout program and
routine CCC loans, according to
Bill Wright of the ASCS.
Urgent appropriation bills like
this are not uncommon, he added,
to provide funds for programs that
were underfunded or events
eclipsed the original ap
propriations.
Four Sections
anytime during the next six
months at $2,000 per acre, but for
that right to buy my land I want
you to pay me $lOO today. So you
buy that option to buy the land at
$2,000 per acre. Under what cir
cumstances will you go ahead and
See Editorial Page 10
Lancaster Farming, Saturday, July 5,1986
buy the land at the |2,000 per acre
price?” Barclay asked. “If the
land goes up. Under what cir
cumstances might you walk away
from your option. If prices go
down. What you have done with
(Turn to PageA39)
BY JOYCE BUPP AND
MARTHA GEHRBVGER
MILWAUKEE, Wis. - The
grassroots level of the Holstein-
Friesian Association of America
told the administration they want
changes in the index system and in
the financial management of the
Association. These ideas were
presented at the 101st Annual
Meeting of the Holstein-Fhesian
Association of America held here
earlier this week.
No longer will members of the
Holstein Association readily ap
prove increases in fees requested
by the administration; increases in
funding must be accompanied by
administrative cutbacks.
The administration
acknowledged the dissatisfaction
of the membership and agreed to
try to make appropriate changes.
A grassroots organization hoping
to represent the feelings of the
membership, the Breeders’
Majority presented proposals to
the annual meeting.
They proposed a re-evaluation of
the current index system to ac
count for maternal contribution,
lifetime performance and dam
daughter comparison. In their
resolution, the Breeders’ Majority
called for a “HFA board appointed
committee- to address these
changes with 40 percent of the
makeup of that committee to be
named by the Breeders’ Majority
and that that committee be ap
pointed at the next full meeting. ”
This resolution passed.
Two other proposal were
presented at the Convention, but
both were altered prior to ap
proval.
The first, concerning increasing
registration fees, read as follows:
“That, effective November 1,1986,
the schedule of registration
fees...be changed so as to establish
minimum registration fees of $6,
PFA Asks Employees
To Take Short Furlough
CAMP HILL - To cut expenses
and meet projected budgets, the
Pennsylvania Farmers
Association has asked the 182 full
time salaried and commissioned
employees to take a 10 day unpaid
furlough sometime before the end
of the fiscal year. The layoff
program allows the employees to
take their days off from one-at-a
time to all-at-once.
According to Richard Newphei,
Administrative Secretary for the
largest state farm organization,
the move was necessary solely
because the lower than projected
interest rates have cut the
association’s interest income from
deposits of membership fees, farm
management fees and prepaid
insurance fees. “When we made
the current budget, we expected
interest rates to average around 12
percent. The present 6 percent
$8.50 per Year
$l2, and $lB for state and national
members, national members and
non-members, respectively, and
an additional fee of $3 for each
month of age over 3 months up to 24
months.”
On the recommendation of
Marlin Hoff, Md., the membership
agreed to increase the minimum
registration fees by $2, raising the
fee from $4 to $6 with no other
changes. This fee increase will
raise approximately half of the
anticipated deficit of $1 million for
the Association.
A general concensus of the
membership was that fees could
increase somewhat, providing
there would be cutbacks on the
administration’s side.
The second proposal concerned
transfers and read as follows:
“The minimum fees for recording
a transfer shall be applicable to
every application received within
3ft dhys after the date of change of
(Turn to Page A 26)
Thomas W. Kelly
interest rate was unbelievable at
the tune,” Newpher said. “We
have sold more products, provided
more management services and
even increased membership. So
our reduced income was totally the
result of lower interest income on
our interest bearing deposits,”
Newpher said. “The association is
currently preparing a budget
proposal to shorten expenses for
the coming fiscal year We will try
to make cuts where the average
membei does not notice any
decrease it, service." Newpher
said. “But we have an obligation to
our members to manage the
organization correctly and cuts
will need to be made. While such a
move has never been necessary
before in the history of the PFA,”
Newpher said, “anyone working
with agriculture today has ex
perienced a little downward spiral
in income.”