Wenger Discusses Development
(Continued from Pago 04)
three main reasons: it provides
financial security for beneficiaries,
minimizes taxes, and ensures that
matters are handled the way the
farmer wishes.
The first step is to establish what
in individual’s estate comprises,
according to Parrott. This involves
taking a look at the person’s inven
tory of assets. The market value of
these assets determines the taxes
that will have to be paid.
“A personal estate plan begins
with a will,” Parrott stated. “The
will, first of all, establishes owner
ship, which is critical for farm
estates.” From here, the individual
will develop a gift-tax plan to
reduce estate taxes. This is fol
lowed by trust planning, if neces
sary, and administration planning,
which names an executor of the
estate and his or her duties.
OF
BOV A 9
CO A S *****
BILL & DEB
HOOVER
Let Farmer Boy Ag
Design And Build You
A Complete
Swine System
Predicting the future
Cattle and hog markets are
strong because of USD A informa
tion, said H. Louis Moore, Penn
State agricultural economics spe
cialist. “The cattle industry liqui
dated more than we thought and is
better off because the cattle are
worth more due to the low number
of them. I expect this year to be
good for beef producers. They will
get enough money to cover feed
and feeder animal costs and some
of their fixed costs.”
Hog production is increasing,
but not as much as was expected,
according to Moore. Therefore far
mers are price receptive. Moore
expects 1988 to be a fair year for
pork producers.
“Farmers have done a good job
of managing crop production. I
expect corn prices to be higher this
year over 1987,” Moore added.
FARMER BOY AG
CONTINUES IT’S TRADITION
QUALITY CONSTRUCTION AND
EQUIPMENT
For Selecting
Their New 1400
Barn Located In Tyrone, PA.
To Be
UNIVERSITY PARK The
1988 Pennsylvania Beef Cattle
Conference, “Conception to Car
cass; Beef Production for the
Small Herd Owner,” formerly
known as the Allenbury Confer
ence, will be held on Penn State’s
University Park campus Feb.
26-27. The conference is co
sponsored by Penn State’s Depart
ment of Dairy and Animal Science
and The Pennsylvania Cattleman’s
Association.
On Friday afternoon. Dr. Lester
Grid, Dr. Clair Engle and Dr. Tom
Drake will conduct a hands-on
bam skills workshop. The work
shop will focus on basic manage
ment procedures which include
castration, dehorning and vaccina
tions. Friday evening, conference
Us To
Grower And Finisher
Head
FARMER BOY AG.
INC
410 EAST LINCOLN AVE. MYERSTOWN. PA 17067 PH; 717-866-7565
BEST IN DESIGN, PRICE AND EXPERIENCE
Beef Cattle Conference
Held At Penn State
guests can attend a barbecue and
enjoy the sound' 'f - live band.
Saturday’s highlights include
representatives from national
retailers and packers who will dis
cuss the newest meat and cattle
marketing approaches. The Pa.
Cattlemen’s Association annual
membership meeting and spring
banquet will be held Saturday
evening. Larry Waterfield,
Washington’s editor of the Drov-
Design And Build
Swine i Poultry Systems Specialists
Lancaster Farming Saturday, February 20, 1988-D5
er’s Journal will be the keynote
speaker.
The conference also offers a
ladies’ program, which consists of
a tour of historic Boalsburg and a
session on beef promotion, which
will be hosted by Crystal Schaffer,
the 1987 Cattleman’s Queen.
For more information or a bro
chure, contact John Comerford in
313 Henning Bldg., University
Park, PA. 16802 or telephone
(814) 863-3661.