HARRISBURG - Twenty-eight
southeastern Pennsylvania
cooperative directors, leaders and
spouses learned how to analyze
cooperative financial statements
at a Pennsylvania Association of
Fanner Cooperatives regional
workshop November 5, according
to PAFC President Robert M.
Dever.
George Steele, former chairman
of the board of Agway,
spearheaded the program, which
he calls “auxiliary to our full
fledged cooperative director
(Continued from Page Dl4)
direct the driver if the machine
strays off the row and he looks out
for clogs.
The Shaffer vegetable farm was
chosen by Penn State as the test
sight for an automated remote
sensing weather station. It has
been in operation for the 1986
growing season.
The station senses and records
data pertaining to temperature,
barometric pressure, wind speed
direction, rain/snowfall, solar
radiation, crop growth rate, soil
temperature and moisture, pH and
salinity of irrigation water,
presence of dew and thun
derstorms.
This equipment is especially
valuable to Shaffer in his snap
bean crop. Beans are highly
susceptible to mold. The sensor
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training program each December
and January.”
According to Steele, the goal of
workshops such as this financial
one is to focus on specific issues as
well as reach a broader level of
cooperative leadership.
Presenters for the day-long
program included Steele; Porter
Little, Baltimore Farm Credit
System, Baltimore; Chris
Peterson, Juniata College, Hun
tingdon; and Frank Domzolski,
KGM Main Hurdman,
Philadelphia.
Carrot Crop
can predict when climate con
ditions dictate spray applications.
It takes the guess work out of
spraying and can save the grower
considerable cost on unnecessary
sprays.
Shaffer says it has also helped
him in preventing damage from
carrot blight since blight is
associated with ground moisture.
Shaffer owns five farms and
rents 500 acres. He has 300 in
beans, 300 in field corn and 20 in
carrots.
He shoots for a mid-October
carrot harvest, but this year’s
warm weather extended the
growing season a couple of weeks.
As soon as the carrots are out,
the corn harvest begins, making
Shaffer’s day run from dawn to 10
p.m. Overall, Carl is pleased with
this season’s harvest yield.
.iiiu
From Farrowing Crate to Market!
B
PAFC Holds Financial Workshop
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Peterson and Little teamed up to
provide in-depth analysis of annual
financial statements. They shared
information on financial ratios and
other criteria for determining the
financial health of an organization.
They also pointed out that healthy
ratios differ from one industry
sector to another.
For example, the financial
statement for a farm credit
association, with limited capital
investment, would demonstrate
different characteristics from the
financial statement of a marketing
cooperative which owned one or
more manufacturing facilities.
Thus, an analyst could find it
simpler to compare one farm
credit association with another,
rather than attempting to com
pare a financial cooperative with a
marketing cooperative.
Domzolski provided participants
with a check-list of questions to ask
the auditor and explained most of
the terminology used by that
profession. Steele challenged the
directors in the group to “make
sure you know your cooperative’s
mission” while taking an active
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Lancaster Farming Saturday, November 15,1986-Dl5
role in challenging management to
keep the cooperative on course
with that mission.
“Remember,” Steele told the
representatives of the nine
cooperatives present, “you can
live for a short time with low
profits but good cash flow. The
opposite, however, is not true.”
Invited guests included Jay
Irwin, Lancaster County Ex
tension Service; Scott Owens,
Lancaster Farm Credit Service;
Don Robinson, Eastern Lancaster
County School District; and Kathy
Gill, PAFC executive director.
The participants follow by
cooperative: Inter-State Milk
Producers’ Cooperative,
Southampton, PA - Curtis Akers,
Wade Groff, Penrose Hallowell,
Andrew Stoltzfus; Atlantic
Breeders Cooperative, Lancaster,
PA - Donald Bair, Daniel Hudson,
David Mellinger;
Dairymen, Inc., Sykesville, MD -
- Joyce Bupp, Harold Martin;
Northampton Farm Bureau,
Tatamy, PA - Clarence Pehnel,
Berton and Fay Fulmer, Budd
Ott; Eastern Milk Producers,
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The Pennsylvania Association of
Farmer Cooperatives is a trade
association representing ap
proximately 40 rural and
agricultural cooperatives that
operate in Pennsylvania,
generating more than $3 billion in
economic activity annually.
Educational programs such as this
financial workshop are presented
in cooperation with the Penn
sylvania State University, College
of Agriculture, Department of
Agricultural Education.
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