v ’-ai a. >c* , vr.Jiu.u .
A3O-Lancaster Farming, Saturday, April 2, 1988
Legislative
Impact
(Continued from Pag* A 1)
the option of offering more flexi
ble and competitive lending prog
rams and other financial services,
and give voting stockholder/
borrowers an opportunity to decide
the organizational structure of
their local association.
Gene L. Swackhamer, President
of the Baltimore Banks, summar
ized the Banks’ and Associations’
1987 operations by saying, “There
is continuing evidence that a real
economic recovery is underway in
the agricultural economy.”
He said, “Our competitors have
stopped asking ‘Will the Farm
Credit System survive this
extended agricultural depress
ion?’; now they only ask “What
structural and organizational form
will the Farm Credit System ulti
mately lake?’.”
Swackhamer predicted the com
ing year would see the Farm Credit
System become more aggressive
and competitive in its lending
efforts while improving operating
efficiency.
Guest speakers at the meeting
included; Dr. John F. Marten, Staff
Economist with Farm Journal
magazine; H. Brent Beesley, Presi
dent, Farm Credit Corporation of
America; and James A. Pierson,
President; Springfield Farm Credit
Banks.
The Farm Credit Banks of Balti
more, comprised of the Federal
Land Bank, the Federal Intermedi
ate Credit Bank, and the Baltimore
Bank for Cooperatives, are cur
rently lending some $2.5 billion to
over 50,000 farmers and rural resi
dents and 85 farm cooperatives in
the states of Maryland, Delaware,
Pennsylvania, Virginia, West Vir
ginia and the Commonwealth of
Puerto Rico.
LANCASTER FARMING
FOR COMPLETE
AND UP-TO-DATE
MARKET REPORTS
CKLOAD SALE
TR
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Raymond Skinner
Gary Walton
717-352-7606
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412-533-3077
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717-465-7506
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Mark Wehr
717-966-1396
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LEOLA
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814-654-7309
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814-793-3731
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215-488-1025
N,
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