Baltimore Farm Credit
(Continued from Page Al)
to change by offering our
customers a wide array of loan
products. These products include
fixed rate loans as well as variable
rate loans, differentially-priced
from both the quality as well as the
size. We preceive these new loan
products to be in the best interest
of our customers,” Swackhamer
said. “If the individual borrowers
have maintained sound operations
and have invested a considerable
amount of their own equity, they
should get a preferential rate. And
that’s what we intend to do.”
While our loan values are still
declining, that is perhaps more
from farmers’ desire to curtail the
use of farm credit than anything
else. We feel our loan rates are far
more competitive now in relation
to alternate sources of credit than
they were in 1986. So we expect to
see our loan value stabilize and
hold at about the present level of
$2.8 billion on a combined basis.
One of the major discussions at
this annual meeting was a proposal
PUBLIC SALE
FARM MACHINERY, FARM
EQUIPMENT, DAIRY EQUIPMENT
The undersigned, having sold the farm
and discontinuing the business, will sell
the following at public auction on the
premises located at 1420 Heaps Road,
Whiteford, Md. From York or Lancaster
counties, go south on Pa. Rt. 74 into Md.
Proceed to intersection of Md. Rt. 136 at
Whiteford and take this route east IV4
mi. to Heaps Rd. South on Heaps Rd. to
2nd farm on right. From U.S. Rt. 1 and
the intersection of Md. Rt. 136, proceed
on 136 west approx. 5 mi. to Heaps Rd.
MONDAY, MARCH 23,1987
At 10:30 A.M. Sharp
FARM MACHINERY & EQUIPMENT: AC
7000 tractor w/cab, air, duals, wgts, 3 hyd.
spools, 1200 hrs, very clean, Massey Ferguson
1130 diesel tractor w/duals, AC tractor #lB5, AC
loader #6OO w/2 buckets, Int. #574 diesel tractor
w/roll guard, Hydra-Mac 9C diesel skid loader.
Ford 1974 F6OO truck w/cattle & grain racks,
1974 Camaro, Dodge 150 power wagon 4 x 4, NH
#489 haybine, NH #B5O roll baler w/elec. wrap,
NH #276 baler w/thrower, NH #770 harvester
w/30” row com head & pick up head, Int. #35
hay rake/dolley wheels, NI PTO 40’ elev., NH
#8 crop carrier, Int. #45 hay baler, NI 2 row 30”
com picker w/sheller, 12’ Brady chisel plow,
Int. 3 bottom 14” plow, AC 10’ disc harrow,
Brillion 10’ cultipacker, AC #6OO 4 row no-till
30” row com planter, Walsh 500 gal. sprayer,
NI #214 spreader, Woods #B4 rotary mower 6’,
Dan. 3 pt. post hole digger, Int. grain drill, NI
PTO fert. spreader, NH running gear w/self
feeder box, NH flat bed wagon, NH #BO round
bale carrier, NH #350 grinder-mixer, 2 NH crop
carrier wagons, 120 gal. Poly sprayer on
trailer, 3 grain wagons, Grove #505 wagon, Silo-
Matic 16’ new unloader, AC 231514’ disc wings,
3 round bale feeders, AC #6OO loader bucket
70”, 2 NH crop carrier fronts, feed tank 15 ton
w/50’ of 4” auger & drops, 3 elec, fencers, elec,
motors, fuel tanks, cylinders, feed cart, 8% x
10% ft. green house, AC tractor parts, bam
fogger, 2 Siegler oil heaters & 2 wagon loads of
farm tools & supplies.
DAIRY EQUIPMENT: Majonnier 600 gal. bulk
tank. Surge mini-cup milkers (4) sets, Surge
Alamo vac. pump, 4 Surge elec, pulsators
w/control box, 40’ M/L stainless steel & glass
1%” line, glass receiver jar, 2 stainless steel
wash vats, 2 3 unit control boxes for QTO Surge
Milkers, 6 complete QTO units, 6 spring loaded
Randall’s 60’ M/L, dairy wash table, vac. door
opener, Kilenzadl tank washer & other dairy
supplies.
CORN & HAY ON HAND DAY OF SALE.
TERMS: Cash day of sale or approved check.
If you are a stranger to us, bring a letter of
credit from your bank.
OWNERS;
BOYD & JANET DELP
1420 Heaps Road
Whiteford, Md. 21160
Phone: 301-452-5805
ABERDEEN SALES CO. INC.
Sale Managers & Auctioneers
Phone: 301-836-7590
Nights 734-7105
Auctioneers:
Kent R. Ferrell, .George Gibney and
Mark Ferrell
that’s pending before the Farm
Credit Systems Regulatury
Agency to merge all of the Farm
Credit Associations into one
district-wide association. This
combined association would be
known as the Mid-Atlantic
Production Credit Association and
the Mid-Atlantic Federal Land
Biuik Association. Swackhamer
said this merger would be
primarily for administrative
purposes. “Hie branch offices
would remain as they exist today,”
Swackhamer said. “They would be
the primary contact points for all
borrowing including loan approval
SPRING SELECT
CONSIGNMENT SALE
• National Show Nonas • Arabians • Morgans
• American Saddlabnds
Finn Selection of Portormaneo A Brooding Stock
80 Chav. Dually Cnw Cab w/Slx-Horse Goosonock Trader - Ex. Cond.
SATURDAY, MARCH 28,1987 -12:00 NOON
Saddle Valley Farm offers
Beautiful Sales Facility • Support Services • Easy Access to Metro Areas
Nationally known auction team:
Walt Robertson, Lexington,_KY - Auct. AU-2445-L
Bill Carrington, Knox r ;ader
For information call;
Saddle Valley Farm
Jean Monaghan
RD #3, Bangor, PA 18013
'215-588-8713 or
215-588-8200
DIRECTIONS TO SADDLE VALLEY PA to Rte 611 N
8 mi to Martins Creek, traffic light, 2 mi north on Martins Creek Rd - follow
Martins Creek Rd. to Saddle Valley Farm sign on left Turn at sign - follow road
to sale barn FROM WEST: Rte 80 to Rte 33, Bartonsville, PA (near
Stroudsburg, PA), S. on Rte 33, to first Wind Gap Exit, south from exit to Rte
512, Rte. 512 East to Bangor, PA Rte 191 S to Ackermanville, PA At
Ackermanville, bear left Follow road to small bridge Bear right approx '/? mi
Take next left turn - follow road to sale barn
CONTESTANTS IN THE 1986 CLASS A NON-IRRIGATED
CORN YIELD CONTEST
Conducted By The National Com Growers Association
25 ACRE MACHINE HARVEST
Planted/Harvested -1986
NAME
•1. SHOOP GERALD FARMS
2. Snyder D. Richard
Snyder D. Richard
3. Miller M. Lamar
Dunlap Thomas G.
Snyder D. Richard
Mitchell Jeffrey
* SHOOP GERALD FARMS
Kreider Richard
Snyder D. Richard
Rohrer& Kreider
Matejik Joseph L.
Bare Donald
Kling Duane L.
Coleman Jack
Fetterman Richard L.
Contact Nearest Warehouse;
| NC + HYBRIDS LF
District Sales Manager, Barry L. Hoke
RD #6, Box 456, Manheim, PA 17545
(717) 665-2009-Home Phone
(717) 665-9347 - Answering Service
Galena. Md. Oxford. Pa.
DUDLEY CHANCE MELVIN MAST
301-928-3834 215-932-4296
Richfield. Pa.
SAM KNOUSI
717-463-2885
Thompsontown. Pa
ELROYSANER
&SONS
717-535-5583
just as they are today. I would not
expect there would be a noticeable
change from a shareholder’s or a
borrower’s point of view in terms
of loan service or loan support,”
Swackhamer said. “We are a very
decentralized system in the
Baltimore district even though we
have joint management. We want
that part of the organization to
remain the same. We want the
branches to be a profit center. And
the administrative support for that
branch office is where the change
would occur. Consolidation in some
of the functions would give us the
economy that will help us to adjust
to a shrinking agricultural credit
base. We believe we have taken
joint management about as far as
we can go to realize economy. To
National Equine Canter & Livestock Corp.
SADDLE VALLEY FARM
RD #3, Bangor, Pennsylvania 18013
for
Elizabethtown,
HAROLD Z. “RED” I
MUSSER
717-367-3076 NAME
I STREET/RD/BOX
| CITY STATE ZIP
| PHONE ( ) COUNTY _
I i i Please Send Your Latest Catalog n lAm Interested In Selling Your Seed
I iI Am Interested In Using Your Seed
Mercer. Pa.
RODNEYE
SEALAND
412-662-4970
try to adjust further to the change
in agriculture, we don’t believe we
can support 52 separate entities.
That may lode like dramatic
change in the Farm Credit System.
But if you look at history, in 1941
there were several thousand credit
offices in the United States. And
today there are about 355. So there
has been ongoing change each
decade. This is a continuation of
it,” Swackhamer said. “But I think
this consolidation would position
ST.
CITY
Milton
Montoursville
Montoursville
Manheim
Jersey Shore
Montoursville
Downington
Milton
Lebanon
Montoursville
Lancaster
Mechanicsville
Lancaster
New Columbia
Lambertville
Catawissa
Ueeester Famine, Saturday, March 14,1M7-A39
the Baltimore district very
strongly to be able to capture ef
ficiency of operation over the next
decade. We are operating suc
cessfully. But based on the ex
perience of other districts, it is in
our interest to determine our own
structure rather than to become a
part of a broader Farm Credit
System financial problem that
might dictate to us a structure
later on.”
LARGE ANTIQUE &
CLASSIC 41/TOU
AUCTION
SATURDAY, MARCH 21,1 987
10:00 AM
US Rt. 40 West of Hagerstown, Md. to
the rear of the Thompson Funeral Home,
Clear Spring, Md. Contact Jeff or Steve
Thompson at (301) 842-2785.
1972 Buick Rivena; 1968 Rambler, 1964 Chevy
Nova, 1968 Chevy Pick Up w/Cap; 1955 Desoto;
1966 Chevrolet, 1974 Volkswagen Bug, 1954
Oldsmobile, 1967 International Pick Up; 1956
Thunderbird, 1977 Chevrolet Monza; 1953 Willys
Car, 1973 Int. Stake Body, 1958 Chevrolet: 1976
Cad Ambulance Walk Thru, 1937 Oldsmobile,
1952 Chevrolet Pick Up, 1967 Mercedes 250 S;
1901 Oldsmobile, 1936 Ford; 1947 Crosley; Long
Car, 1965 Ford Mustang, 1950 Pontiac; 1954
Chevy Conv , 1951 Flenry J , 1965 Corvair Conv.,
1928 Dodge Dog Catcher Truck, 1948 Packard:
1914 Metz, 1937 Ford Dumptruck, 1946 Kaiser,
1948 Studybaker Stake Body Truck, 1972 Camaro
4-Wheel Dr , 1930 Packard, 1938 Lasalle Hearse;
1928 Durant, 1927 Marmon, 1928 Seagrave
Firetruck, 1936 Ahrens-Fox 1250 Pumper, 1951
Ford G P M Pumper, 1944 Lafrance 500 G P M
Pumper, 1941 Seagrave Tiller Ladder Truck, 1959
Cadillac Ambulance
Many more cars and trucks, old used auto bodys,
farm equipment, R/R crossing signal sign,
motorcycles and gas pumps, etc. to be sold.
TERMS: Cash, certified or appro rad chocks. No Roms
romoaod until sottfod for. Mot responsible for ae
ekfonts.
Auctioneers: John D. Downing &
A. Jack Downin
BRAND
NC +
Cargill
Funk Seeds
Cargill
Dekalb-PfizerGE
Dekalb-PfizerGE
Dekalb-PfizerGE
NC +
Pioneer
Asgrow/O’s Gold
Pioneer
Stanford Hytest
Pioneer
Pioneer
Pioneer
Pioneer
YIELD
VARIETY
196.38
194.16
192.30
190.33
189.81
186.29
183.04
181.28
180.18
179.72
174.10
169.11
166.89
166.46
160.36
151.76
6881
937
G-4440
971
DK-656
DK-656
XL-656
6881
3352
2545
3352
650-A
3352
3378
3389
3352