DZfT-Laneister Farming Skturtfhy, November 15,119186 ‘
Changes in Federal Income Tax
Law that will have an adverse
impact on the agricultural com
munity were the topic of discussion
at a Regional Tax Meeting held
November 3, 1986 at the Mif
And Vegetable Consumption
Check the following table of fruit and vegetable consumption and
see if your own tastes reflect the national trend. Note changes in
preferences from 1970 to the present.
Fruit
Bananas
Apples
Oranges
Grapes
Grapefruit
Peaches
Lemons and Limes
Strawberries
Pears
Avocados
Nectarines
Plums and Prunes
Pineapples
Vegetables
Lettuce
Onions
Tomatoes
Cabbage 2
Carrots
Com
Celery
Cucumbers 2
Green Peppers 2
Broccoli
Green Beans 2
Cauliflower
1 Retail weight basis. 1985 data are preliminary estimates. 2 Data
not reported by USDA since 1981.
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Bad water will lower your Income
gsr*;
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If no answer, call early in the morning or evenings.
Northumberland Tax Meeting Held
flinburg Area High School. Around
60 persons attended the farm
meeting sponsored by Mifflmburg
Young Farmers Organization,
PFA Farm Management Service,
Farm Credit Service and the Penn
Trends In Fruit
Per capita consumption Change
1970 1980 1985 1970-85
pounds p*r ptrson ‘
17.6 20.8 25.6
16.3 18.3 17.4
15.7 15.3 12.0
2.5 3.3 6.3
8.0 7.8 5.5
5.6 5.4 3.8
2.1 2.3 2.9
1.6 1.9 2.9
1.9 2.3 2.7
.4 .8 1.7
.6
1.4
.7
+45%
+7%
-24%
+152%
-31%
-32%
+38%
+Bl%
+42%
+325%
+167%
+7%
+lOO%
1.6
1.5
1.4
1.5
1.5
1.4
23.7
17.9
13.4
+14%
+56%
+28%
7.4
7.1
6.9
+30%
-3%
+3%
+420%
+233%
State Cooperative Extension
Service.
Professor Larry Jenkins, Ex
tension Economist, Pennsylvania
State University Cooperative
Extension Service gave a general
overview of the 1986 Tax Reform
Act and how it will affect farmers
in 1986, 1987 and 1988. Mr. Fred
Weaver, Farm Records and Tax
Specialist, Farm Credit Service
explained how the repeal of capital
gains will increase the level of
mcome that will be taxed when
selling a dairy herd, farm
machinery or real estate in the
future.
“Although tax rates are to
decrease and some deduction will
increase, the loss of preferred
treatment for income from the sale
of capital assets will cancel other
benefits,” said Weaver. Mr.
Donald Hummel, Sr., Director of
Training, PFA Farm Management
Service discussed the changes in
depreciation methods. “Slower
depreciation rates increases
taxable income, and what a person
will be required to pay,” said
Hummel. All speakers agreed,
farmers are going to need records
if they do not want to pay un
necessary income tax in the future.
“Most of the changes in the tax law
The best feeds you can buy for
fTyour cows are the best investment
u yHy that you can make!
FLORIN FEEDS have been tried, tested and and
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are not going to benefit the U.S. r ' ,^P an^er ’ P res *<lent of
farm population,” said Vernon the Mifflmburg Young Farmers
Brose, Northumberland County served as Master of Ceremony for
Extension Agent. meeting and panel that
concluded the program.
FmHA Borrowers Must Certify
YORK - Farmers who apply for loans from the Farmers Home
Administration will be able to certify that they are in compliance
with certain soil conservation requirements related to highly
erodible and wetlands, according to York County Supervisor
Douglas J. Gabel.
“The 1985 farm Bill prevents farmers from receiving benefits
from USDA programs, including FmHA loans, unless they are in
compliance with conservation procedures relating to ‘highly
erodible’ and wetlands,” Gabel said. “If they are in compliance,
they can certify to that effect in the FmHA office. If they are not in
compliance, they will have to have a conservation plan developed
by the Agricultural Stabilization and Conservation Service and the
Soil Conservation Service for the highly erodible land before FmHA
can make a loan.”
The certification form to be signed by the applicant asks three
basic questions dealing with cultivating highly erodible land not
farmed before; wet areas converted for cropland since December
23,1985; and future plans to convert wetlands. If the answer shows
that the farmer is in compliance, and he signs the “self cer
tification” form, FmHA can process the loan application.
BETTER FEEDS
FOR COWS
PAY OFF HANDSOMELY
TO DAIRYMEN
WOLGEMUTH BROS., INC.
MOUNT JOY, PA
PH: 717-653-1451
Conservation Compliance