814-Lancaster
: arml
. iig jare: left to right, Rick Crouse,
County Supervisor FmHA; Gary Klinger, PFA Farm Management Service; Jen
ny & Ernie Wolfe, farm owners; and Darlene Johnson of FmHA.
One Family’s Nightmare
BY BARBARA MILLER
Lycoming Co. Correspondent
How fast can you raise
$320,000?
Imagine you had just sent your
monthly farm mortgage payment
to the bank and a few days later
received the uncashed check in the
mail with a communique from the
lawyer of the noteholder demand
ing immediate payment of the
balance due.
In these days of agricultural
financial difficulty, similar night
marish scenarios are played out in
the minds of many farmers. But for
Ernie and Jennie Wolfe, owners of
E & J Meadows Farm, R.D. Mil
ton, the nightmare actually became
a reality.
The Wolfe’s have a very good
credit rating. “We never missed a
payment,” says Jennie. The
bank’s demand for $320,000
seemed unfair, but they could not
ignore it
And so began the couple’s fran
tic search for financing to keep
their farms. Their quest which
lasted from May until September
1986, was successfully resolved.
Ernie calls this the “lower place” which is one of the
two additional farms that he purchased and had trou
ble financing.
The WolfesJ>egan renting E&J Meadows farm from Ernie’s oarents in 1 qur
They purchased It in 1967; later, they added a jug milk store. sb ‘
Saturday, August 22, 1987
FmHA Loan Ends
“Farm Two” has a beautiful house and a large old
barn which Ernie has been told is the largest old barn
In the county. This was the second farm Ernie had
trouble financing.
according to Ernie, mainly with
the aid of the Farmers Home
Administration through the use of
a guaranteed loan. ,
“If it wouldn’t have been for
Darlene and Rick, I’d have prob
ably lost the farm,” Ernie states.
Rick Crouse is the county supervi
sor of FmHA in Columbia, Mon
tour and Northumberland Coun
ties, and Darlene M. Johnson is his
O
assistant.
To encourage other financially
troubled farmers to explore the
possibility of a FmHA guaranteed
loan and to acquaint them with the
actual process, its advantages and
disadvantages, the Wolfes met
with the FmHA personnel men
tioned above, PFA Farm Manage
ment Supervisor Gary Klinger,
and a representative of this publi
cation to tell their story.
The Wolfes started renting the
106 acre farm where they currently
reside from Ernie’s parents in
1956. Itwasn’tuntil 1967 thatthey
bought the family farm. The same
year they purchased the farm they
built a new bam to replace the one
which had burned the year before.
Four years later, in 1971, they
established a jug milk store which
they had been operating for the
past 16 years. They presently milk
62 cows keeping 55 heifers for
replacement stock and maintain a
DHIA herd average of 18,000
pounds of milk.
(Turn to Page BIT)
f
See your nearest
(NEW HOLLAIND
Dealer for Dependable
Equipment and Dependable
Service:
Annville, PA
B.H.M Farm
Equipment, Inc
R.D 1
717-867-2211
Lebanon, PA
Beavertown, PA Keller Bros,
n.rj c-rm Tractor Co
. RD 7. Box 405
Equipment, Inc ■„ 717.949-6501
RD 1, Box 217 A ‘ 717 - 949 - 6501
717-658-7024
Belleville, PA
Ivan J. Zook
Farm Equipment
Belleville, Pa.
717-935-2948
Canton, PA
Hess Farm Equipment
717-673-5143
Carlisle, PA
Paul Shovers, Inc
35 East Willow Street
717-243-2686
Chambersburg, PA
Clugston
Implement, Inc
RD 1
717-263-4103
Davidsburg, PA
George N Gross, Inc
RD 2. Dover, PA
717-292-1673
Elizabethtown, PA
Messick Farm
Equipment, Inc
Rt. 283 - Rheem's Exit
717-367-1319
Gettysburg, PA
Yinglmg Implements,
Inc.
3291 Taneytown Rd
717-359-4848
Greencaslle, PA
Meyers
Implement's Inc
400 N Antrim Way
PO Box 97
717-597-2176
Halifax, PA
Sweigard Bros
RD 3, Box 13
717-896-3414
Hamburg, PA
Shartlesville
Farm Service
RD 1, Box 1392
215-488-1025
Hanover, PA
Sheets Brothers, Inc
1081 Carlisle St.
Hanover, PA 17301
717-632-3660
Honey Brook, PA
Dependable Motor Co
East Main Street
215-273-3131
215-273-3737
Honey Grove, PA
Norman D Clark
& Son, Inc
Honey Grove, PA
717-734 3682
Hughesville, PA
Farnsworth Farm
Supplies, Inc
103 Cemetery Street
717-584-2106
Lancaster, PA
L H Brubaker, Inc
350 Strasburg Pike
717-397-5179
Loyavllle, PA
Paul Shovers, Inc
Loysville, PA
717-789-3117
Lynnport, PA
Kermit K Kistler, Inc
Lynnport, PA
215-298-2011
Mill Hall, PA
Dotterer Equip
RD #3
717-726-3471
New Holland, PA
ABC. Groff, Inc
110 South Railroad
717-354-4191
New Park, PA
M&R Equipment Inc
PO Box 16
717-993-2511
Oley, PA
C J Wonsidler Bros
RD 2
215-987-6257
Pitman, PA
Marlin W Schreffler
Pitman, PA
717-648-1120
Quakerlown, PA
C J Wonsidler Bros
RD 1
215-536-1935
Quarryville, PA
C E Wiley & Son, Inc
101 South Lime Street
717-786-2895
Ringtown, PA
Rmgtown Farm
Equipment
Ringtown, PA
717-889-3184
Tamaqua, PA
Charles S Snyder, Inc
RD 3
717-386-5954
West Grove, PA
S G Lewis & Son, Inc
R D 2, Box 66
215-869-2214
Churchville, MD
Walter G Coale, Inc
2849-53
Churchville Rd
301 734-7722
Frederick, MD
Ceresville
Ford New Holland, Inc
Rt 26 East
301-662-4197
Outside MD,
800-331-9122
Washington, NJ
Frank Rymon & Sons
201-689-1464
Woodstown, NJ
Owen Supply Co
Broad Street &
East Avenue
609-769-0308