Lancaster farming. (Lancaster, Pa., etc.) 1955-current, December 06, 1986, Image 15

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    Livestock market
St. Louis Cattle
December 4,1986
Report Supplied by USDA
FEEDERS: Receipts around
1800 head. Feeder steers and
heifers firm to 1.00 higher. Quality
well below two weeks ago. Supply
mainly medium and large frame 1-
2 300-600 lb. steer and heifer calves,
with several lots medium and
small frame 1-2 fleshy steer
calves.
FEEDER STEERS: Limited
Wheat Acreage Reduced
In Wake Of Surplus
LEESPORT - The Agricultural
Stabilization and Conservation
Service, on Oct. 1, began accepting
applications for the 1987 wheat
acreage reduction program. The
signup period ends Mar. 30,1987.
Farmers who participate in the
program will be eligible to receive
price support loans at $2.28 per
bushel and target price protection
at $4.38 per bushel, according to
Donald E. Lutz, chairman of the
Berks County ASC Committee.
Despite the smallest wheat
harvest in seven years, USDA
predicts a record 4.03-billion
bushel supply of wheat will be
available during 1986-87. Increased
stocks and the expected near
record hard red spring wheat crop
will overshadow reduced hard red
winter wheat output, resulting in 3
billion bushels of bread wheat. In
an effort to reduce planted
acreage, production and total
supplies to a level more in line with
demand, Lutz said the 1987 wheat
program contains a 27.5 percent
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supply medium and large frame 1:
300-500 lbs. 63.00-69.00; 500-800 lbs.
60.00- fleshy 800-975 lbs. 57.00-
59.50. Medium and large frame 1-2:
300-700 lbs. 59.00-65.00. Medium
and small frame 1-2: Fleshy 350-
550 lbs. 58.00-60.00. Large frame 2
holsteins: 600-850 lbs. 44.75-48.00.
FEEDER HEIFERS: Limited
supply medium and large frame 1:
300-500 lbs. 55.0040.00; 500800 lbs.
53.00-
Medium and large frame 1-2
300-500 lbs. 50.00-56.00.
reduction requirement.
The program requires farmers
to limit their 1987 wheat planted to
no more than 72.5 percent of their
wheat acreage base, Lutz said.
Program participants also must
maintain in acreage conservation
reserve an area equal to 37.93
percent of their planted acres.
He said to be eligible for loans,
purchases and payments on wheat,
the acreage planted for harvest on
a farm to other program com
modities may not exceed their
respective crop acreage base.
Producers who plant at least 50
percent of the permitted acreage
to wheat and maintain the
remaining permitted acreage in
conserving uses will be eligible for
deficiency payments of 92 percent
of the permitted acreage, the same
as in 1986.
To apply for the 1987 Wheat
Program, or obtain additional
program information, farmers
may contact their county ASCS
Offices.
Beef Checkoff Revenues
Higher Than Expected
HARRISBURG - Receipts from
the first month of the sl-per-head
checkoff on cattle sold in Penn
sylvania have exceeded the earlier
estimate made by the Penn
sylvania Beef Council.
October assessments collected
totaled nearly $95,000, of which
$17,000 was collected from other
states, according to Robert R.
Coleman, executive director of the
council.
The council had estimated that
about $75,000 could be raised
monthly biased on a .0 percent
assessment of sales recorded in the
past.
“We are pleased by the response
from the producers,” said Paul
Heffner, Adams County beef
producer and chairman of the
council. “Many producers I talked
with believe that a checkoff is
necessary to launch the kind of
promotion necessary to increase
beef and veal demand,” he stated.
“There are some rough spots to be
sure,” he added. “Not everyone is
sold on the program.”
According to Coleman, even
though the actual collections ex
ceeded expectations, there are still
many producers who have not
participated. He explained;
“Surprisingly, many dairy
producers and dealers did not
realize they are included in the
national checkoff. We have had
many calls from dairymen who
were surprised to leam that dairy
Extension Income Tax Meetings Set For January
UNIVERSITY PARK - Tax
preparers, farmers, homemakers,
and other interested individuals
can secure information about
cattle were included and should be
assessed $1 per head when sold. We
thought every producer, whether
beef or dairy, had heard of the
checkoff program because it was
widely publicized in agricultural
publications and newsletters.
Apparently many dairymen
assumed it applied to beef cattle
only and did not read the details.”
“But,” Coleman emphasized,
“the law includes all cattle - beef
and dairy. Buyers are obligated to
assess $1 on each bead of cattle
they purchase from the sellers’
proceeds and send it to the state
beef council to be used for state
and national beef and veal
promotion.”
In addition, Coleman pointed out
that the law states specifically that
the producer is obligated to pay the
$1 per head assessment even if the
buyer fails to collect it.
The state beef council is
required, under its agreement with
the U.S. Department of
Agriculture and the Cattlemen’s
Beef Board to report intentional
violations of the Beef Promotion
and Research Act which
authorized the checkoff. The fine is
$5,000 per transaction. Two
violations in Pennsylvania have
been reported to date, according to
Coleman.
“We hope there are only a few
violations,” said Coleman,
“because our principle task is
promotion and research, not en
forcement. Fortunately most
federal income tax at the 1987 Penn
State Extension income tax area
meetings. This year, the January
meetings will be offered at 13
locations.
Topics covered at the meetings
will range from a look at new
developments to a review of im
portant tax principles. The
program will include a discussion
of recent changes in tax law,
deducting expenses for business
use of automobiles and pickup
trucks, taxes and financial
distress.
A review of several practical tax
filing exercises will also be in
cluded.
Dr. Jesse Cooper and Dr. Larry
Jenkins, extension economists
with Penn State, will serve as
instructors for each of the sessions.
Meeting dates and locations are:
Tamaqua, Jan. 6; Quakertown,
Jan. 7; Lancaster, Jan. 8;
Chambersburg, Jan. 9; Meadville,
Jan. 13; Butler, Jan. 14; Indiana,
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DIFFERENT THAN ANV OTHER INFLATION
Lancaster Fanning, Saturday, December 6, 1986-Al5
citizens are law abiding and won’t
intentionally violate the law.”
The council is currently con
tacting dairymen and auctioneers
who manage dairy sales to urge
them to collect the assessment and
remit it to the PBC as part of their
sale management services to both
sellers and buyers. The auc
tioneers will be provided with the
necessary forms.
Producers who do not wish to
participate in the beef and veal
promotion program can request
refunds. “Very few refund
requests have been received,”
Heffner said, “except those from
veal producers in northeastern
Pennsylvania.”
Some council officers talked to
veal producers in the Northeast
and emphasized that good
promotion for veal is included in
the state program. It was ex
plained that promotional dollars
for veal would be allocated in the
approximate proportion to the
checkoff funds from veal
producers. “Thus,” Coleman said
“if they withdraw their con
tributions through refund requests,
then the veal promotion will be a
relatively small part of the state
promotion program.”
Coleman announced that state
promotion made possible b>
checkoff funds will start late ir
December and the national
promotion will get underway late
in January.
Jan. 15; Dußois, Jan
Lewisburg, Jan. 20; Coudersport,
Jan. 21; Mansfield, Jan. 22;
Tunkhannock, Jan. 23; and Bed
ford, Jan. 27.
Each of the one-day sessions will
be held from 9 a.m. to 4 p.m. The
registration fee of $25 per person
includes lunch and reference
materials to be used during the
day. Additional reference
materials, including a Master Tax
Guide, may be purchased for a
small extra fee.
The registration deadline is Jan.
1, 1987. Persons registering after
that date will be charged a late
registration fee of $5.
A brochure and registration
form and more information about
the one-day income tax meetmg
are available from any Penn State
Cooperative Extension Office.
Questions about the meetings may
be directed to your County Ex
tension Director or to one of the
instructors at (814)-865-7656.
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