D6-Lancastar Farming Saturday, February 7,1987 . l yse ,(L ;) g* ige. Seed way's York Division, receives sales award from Ray Layser. Asgrow Seed Recognizes Pa, Distributors Mifflinburg salesman Dave Galer with the firm’s Sales Achievement award. YORK - Asgrow Seed Company of Kalamazoo, Michigan presented its Sales Achievement Award to two Pennsylvania firms on Jan. 22. Cited for outstanding sales were the Seedway sales divisions in Mifflinburg and York. Armstrong To Add Farm Tire Sizes NEW HAVEN, Conn. - Arm strong Tire Company will expand its role in the farm tire market strong’s Des Moines, lowa, factory during 1987, following the purchase where its other farm tires are of nine additional tire mold sizes manufactured. In 1986, Armstrong from B.F. Goodrich. acquired Goodrich’s Logger Steel Lancaster Co • Poultry Queen )ty :ry Qi ;eth Simmons, Elizabethtown, kicked off the new ye r by promoting eggs at the Farm Show. She is shown with marketing manager Eli Wenger (left) and operations manager Marlin Martin of Plain & Fancy Egg Ranch, Elizabethtown. A junior at Elizabethtown College, Miss Simmons is employed by Plain & Fancy. Lancaster Farm Credit Announces Merger Proposal LANCASTER - Directors of the Lancaster Farm Credit Service have endorsed a proposal which could lead to the consolidation of the local agricultural lending in stitution with 25 other Farm Credit Associations operating across a five state mid-Atlantic area and in Puerto Rico. James S. Owens, president of the Federal Land Bank Association (FLBA) and Production Credit Association (PCA) that make up Ijancaster Farm Credit Service, said the merger plan, currently under review by a federal regulatory agency, could help streamline lending operations and cut costs by reducing non productive and duplicative ad ministrative tasks handled by each of the 26 Farm Credit Associations “This merger proposal has been carefully developed, reviewed and approvid by the boards ofdirec- Asgrow annually recognizes superior sales performance of its distributors throughout North America by presenting the award to distributors achieving significant increases in market share of Asgrow hybrid com and This mold hardware will be placed in production at Arm- tors of all the associations and we are prepared to recommend it to our stockholders,” said Owens. “We believe the advantages of this merger proposal outweigh any disadvantages associated with it.” Owens said that the proposal had been under development for over six months and represented a consensus approach to restruc turing association operations in order to provide more efficient, responsive and competitive credit and financially related services to the agricultural community Owens explained that the proposal is still subject to change until final approval by the Farm Credit Administration iFCA) is received ‘ It would be inappropriate to discuss details of the proposal until we have Ft A concurrence,” Mr Owens stated ‘ Be assured that as quickly as approval is received, i. soybean products. Seedway Inc. is a regional seed company based in Hall, NY. Asgrow is known internationally as a developer of hybrid seed corn and soybeans. LS-2 and Special Service R-2 tire lines. “Armstrong has always been strong in the farm market, but there were certain segments we had not pursued,” explained Brad Firkins, product manager. Armstrong has purchased four new sizes of E-3 tires for tractor, combine and grain cart ap plications. These sizes for 12.4-38, 13.6-28,24.5-32, and 30.SL-32. Armstrong will broaden its bias R-l tire line with the acquisition of 9.5-32 and 12.4-42 mold hardware. The former size is a specialty item for older model tractors, while a 12.4-42 is used for narrow row cropping where tractor clearance is critical. Armstrong will also add to its implement tire line with the ad dition of 9.00-24 and 11.25-24 1-1 sizes, and a 13.5-16.11-3 size. McCracken Dairy Seminar Scheduled MANHEIM - McCracken’s Feed Mill of Manheim will hold its fifth annual dairyman’s seminar on Tuesday, Feb. 17, at the General Sutter Inn, Lititz. The seminar runs from 9:30 a.m. to 3 p.m. and features three speakers. Cornell University’s Dr. L. E. Chase will speak on new feeding concepts, feeding management for high producers and dairy heifer comprehensive disclosure of the impact of the consolidation plan will be mailed to all Association borrowers/stockholders prior to the voting date. Ultimately it will be up to Farm Credit’s member borrowers to decide the merger issue,” Mr. Owens added. Under the proposed merger plan, the 26 local FLBAs and PCAs would be merged into one district wide FLBA and one PCA The merger proposal will be submitted for approval to association borrowers in early March, subject to concurrence by the FCA If approved by a majority of the voting borrowers, implementation of the proposal will begin on Mar 31. The proposal would consolidate 26 associations currently serving the Baltimore Farm Credit District into 15 divisions with centra i-ed management and an Harris Savings Reports Growth In 1986 HARRISBURG - The 100-year old Harris Savings Association has completed another year of growth and expansion in the south central Pennsylvania area. With savings and mortgage lending as its basic business, Harris has expanded and diver sified in recent years to offer retail banking services as well as con sumer lending. According to year-end figures released from the association, Harris Savings has again attained the distinction of being the oldest and largest organization of its kind headquartered in this area. Byron K. Catherman, chairman of the board and chief executive officer of Harris noted that lowered interest rates contributed to an excellent year. Harris’ assets now total 1729,497,081; an increase of $89,870, 330 over the previous year. Savings deposits at Harris have increased $60,265,944 to an all-time peak of $657,338,766 and interest paid to Harris savers now exceeds the 50-million-dollar mark. Lowered interest rates also sparked mortgage lending this year with 14,815 customers having borrowed $576,030,500, an increase of $54,113,642 over the previous year. Mortgage originations showed a 51 percent increase over the previous, record-breaking period. Over 3,100 new mortgage loans totaling $l9l million provided an active reporting period. Harris also experienced a 68 percent increase in construction lending; with $62.5 million devoted to the construction of 874 new single-family homes. During the past year, Harris has management. J. Wade Groff, director of Interstate Milk Producers Cooperative, will give a milk marketing update, and a consulting nutritionist from Missouri, Dr. L. L. Linn, will talk about the value of probiotics. For more information contact McCracken’s Feed Mill, Inc., 717- 665-2186. ♦ The Farm Credit System initial 52-member board of directors. The board of directors of the district-wide association would continue to be elected by stockholding borrowers and would have similar policy making authorities as are currently vested in each of the 26 association hoards. Under the proposed restruc turing plan, financial services will ' ontmue to be offered through networks ot local blanch offices ••• established Harris Loan Centers in all five counties of operation, in creasing operating and delivery efficiency. The association is currently working on even more auxiliary services for loan customers. Another outstanding Harris event of 1986 was the election of Jack W. Shader, Sr. to the position of association president and chief operations officer. Shader has served Harris for over 34 years. For 1987, Harris plans the opening of a new branch office in the Valley Green Mall, bringing its total operating branch locations to 16 offices. The association also expects its new toll-free telephone number to be a helpful marketing factor to customers looking into Harris offerings. When asked about the recent diversification of products and service, Harris Chairman Catherman responded, “I still strongly believe that home ownership is ttt basis of our strong economy ... and that the ad ditional services we provide are essential to prudent financial management of those economies. Harris Savings has been dedicated to thrift and home ownership since 1886. Our second century of service will pay even greater dividends for our customers.” Catherman concluded the annual meeting with election proceedings and the following individuals constitute the Harris Savings board of directors and officers: B. K. Catherman, board chairman and CEO; Jack W. Shader, Sr., president and chief operating officer; William J. McLaughlin, vice president/Mortgage Lending; Clarence J. Walter, vice president/Retail Banking; Isabelle F. Ommert/vice president and corporate secretary; Ben Sarfert, Sr., vice president and chief financial officer and Harry W. Deiter, treasurer/controller. Elected to the board of directors were: Catherman, Shader, Om mert, Lawrence Cirillo, C. Ted Lick, Robert R. Roebuck, Dr. John S. Bray, Robert E. Kessler, Ber nard S. Brenner, Robert A. Houck, N. Carl Vandling and Samuel M. Altdoerffer, Sr. Director Emeritus is Mr. C. H. Ebner. Farm Credit News Local loan approval authorities will be equal to or greater than current levels The Lancaster Farm Credit Service has its headquarters office in I Lancaster, with branches in Quarryville, New Holland, Lebanon and Elizabethville The association is providing more than slfil million in long and short term i redit to over 2,180 farmers, agribusinesses and rural residents
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