U.S.-JAPAN TRADE WAR ON
HOLD—Prime Minister Yasuhiro
Nakasone came here to try to
persuade President Reagan to
abate special tariffs designed to
encourage Japan to open its trade
doors wider to U.S. firms. He left
with only Reagan’s hope to be able
to remove the tariffs soon.
Nakasone in turn left promises to
initiate reforms at home to help
boost purchases from the United
States and otherwise help relieve
the huge trade disparity between
the two trading partners.
Action by the House last week
adopting omnibus trade legislation
containing a protectionist measure
authored by Rep. Richard
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Gephardt (D-Mo.) was not
calculated to make the Japanese
leader’s visit more comforting,
though many doubt the Gephardt
amendment will survive a con
ference committee or the t
president’s veto.
SENATE TO MOVE ON TRADE
BILL—The Senate swings into
action on its version of trade
legislation this week and pressure
remains in both House and Senate
to deal with the financial needs of
the Farm Credit System. Sen.
David Boren has set a May 6
deadline for all bills to be sub- •
mitted to his credit subcommittee.
The government is also due to run
out of borrowing power at mid-
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month unless action to raise the
national debt ceiling is completed.
Slowness of Congress in adopting
appropriation bills also is affecting
the Department of Agriculture.
Putting the pressure on for sup
plemental appropriations for the
Commodity Credit Corporation,
the USDA has announced
suspension of all farm program
payments to farmers until the CCC
gets additional funding.
CCC RAISES INTEREST
RATE—Commodity loans ob
tained from the Commodity Credit
Corporation in May, after
payments can be resumed, will
bear an interest rate of 6 1/4
percent. The increase from the
previous rate of 6 percent reflects
the cost of money to the CCC from
the U.S. Treasury.
FARM CREDIT SYSTEM
MOVES ACQUIRED PROPERTY
-The financially troubled Farm
Credit System has been attempting
in several areas to move acquired
properties back into private hands
without disrupting local real estate
markets, according to its
publication the Farm Credit Letter
published in Englewood, Colorado.
Most successful area has been St.
Paul where a sales program ended
March 15 after accepting offers on
2,145 properties totaling 388,042
acres worth $168.5 million. Of those
sales, 90 percent went to local
farmers at prices averaging 104
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percent of appraised market
value. Louisville and Omaha
districts also have arranged
special programs to sell acquired
farm properties and the Spokane
district has sent out advance
notices of an upcoming sales
program featuring interest rates
as low as 8 percent.
SECONDARY MORTGAGE
MARKET STILL DISCUSSED-
The Farm Credit System and
commercial banks' are still trying
to reach an agreeable format for
establishing a secondary market
for farm mortgages. A secondary
market that would work like that
already in use for home mortgages
is one of the steps recommended
by the American Farm Bureau
Federation to help restore the
Farm Credit System to financial
health and to improve the overall/
farm credit situation.
NEW U.S. FARM PROGRAM
BEING FELT IN EUROPE-Dean
Kleckner, president of the
American Farm Bureau
Federation, just returned from
trade discussions in Europe with
Plant Publication Available
ITHACA, N.Y. - Anemones,
asters, chrysanthemums, dahlias,
foxgloves, peonies, poppies,
Chinese lanterns and violets have
something in common: diseases
and insect pests will attack them
all. Growers of herbaceous
perennials need to have strategies
for prevention and control of these
problems.
To help combat these diseases
and insects a new Cornell
Cooperative Extension publication
has been written by Margery L.
Daughtrey and Maurie Semel,
“Herbaceous Perennials:
Diseases and Insect Pests.”
Daughtrey is an extension
associate in plant pathology and
Semel is an associate professor in
entomology at Cornell University’s
Long Island Horticultural
Research Laboi’htory.
The 25-page publication is useful
to both home gardeners and
commercial growers. Some of the
disease concerns covered are
crown gall, leaf spots and blights,
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Lancaster Farming, Saturday, May 9,1957-Al9
Common Market leaders,
government officials, farmers and
General Agreement on Tariffs and
Trade officials. Kleckner said the
EEC is finding its agricultural
subsidy programs financially
burdensome, spending as much as
two-thirds of its total budget to
support the Common Agricultural
Policy. Kleckner said U.S.
determination to stay the course on
the 1985 farm bill is putting
pressure on Europeans to change
their farm policy of heavy sub
sidization.
SOVIET WHEAT SUBSIDY
ONLY WAY TO MAKE SALE—
“This agreement means we are
going to sell 4 million tons of wheat
to the Russians,” said American
Farm Bureau president Dean
Kleckner of the export bonus sale
to the Soviet Union. Speaking from
Europe via telephone Friday,
Kleckner said the sale will be
based on competitive conditions.
“There will be a subsidy involved
but, regrettably, that is the world
today. A market price means a
subsidy price for many sales.”
root and stem rots, dampings-off,
rusts, mildews and viruses. This
publication provides color
photographs and detailed
descriptions of disease symptoms
and insect damage, and it suggests
approaches for non-chemical
control of pests and diseases.
Close-up color photographs show
some of the insects which attack
perennials so the grower can make
positive identification and choose
appropriate control measures.
A 12-page insert, “Chemical Pest
Control for Herbaceous Peren
nials,” lists specific effective
controls for insects and diseases.
The insert will be updated each
year.
“Herbaceous Perennials:
Diseases and Insect Pests,” (IB
207) may be obtained from the
Cornell University Distribution
Center, 7 Research Park, Ithaca,
NY 14850. The cost, including in
sert for 1987, shipping and handling
is $5.50.
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