famingr Saturday? January
York Farm Credit Merger
(Continued from Pago A 1)
Credir Act of 1987. The merger
was overwhelmingly approved by
approximately 1525 stockholder/
borrowers of the Associations in
November 1988 and most recently
by the Farm Credit Systems regu
lator. Loan volume for the organi
zation will be $lO5 million.
Mr. Rush also announced that
as a result of the first York Farm
Credit, ACA Board of Directors
meeting held on January 3,1989,
Mr. Ralph H. McGregor of Krall
lown, York County was elected
Chairman of the Board. Mr.
Robert L. Smyser, York, York
County was elected Vice Chair
man and Lester E. Martin, Cham
bersburg, Franklin County was
elected to the Executive Commit
tee with Smyser and McGregor.
Other Board Members are Janet T.
Knouse, Arendtsville, Adams
County; J. Wilbur Burkholder.
Chambersburg, Franklin County;
Leroy R. Bupp, Seven Valleys,
York County; Lawrence R. Cauff
man, Blain, Perry County; Nor
man G. Blocher, Aspers, Adams
County; and Marlin E. Miller,
Carlisle, Cumberland County.
“The territory to be served by
York Farm Credit is a key agricul
tural area with a strong economy,”
stated Ralph E. McGregor. “These
factors along with the benefits to
be gained from the merger, name
ly a stronger capital base, a more
diversified loan portfolio and the
elimination of corporate duplica
tions will offer the new organiza
tion the opportunity to be one of
the most successful associations in
the Baltimore Farm Credit
District”
"The merger will not effect per
sonnel at York Farm Credit, or the
delivery of basic loan and finan
cial services,” noted Rush. “How
ever, the Agricultural Credit Act
FARM FORUM
(Continued from Pag* A 10)
As aforesaid this last round of
trouble starting early last spring
and getting worse as time went on
has broken down my 90-year-old
wife to the point I don’t know how
much longer I can take care of her.
As for myself I know it has ruined
the rest of my days.
I am all for education, some
thing I have been denied due to
family circumstances, but I have
told our State Representative Den
nis Leh (R 130) if our forefathers
did not realize that our school
directors had too much authority
the handwriting was on the wall.
Now, we should see to it that
something is put on the books to
limit this power.
I feel the taxpayer is overbur
dened and our children are
cheated for not getting what they
need to make a living after they
have a diploma in hand.
Because, I read how much our
employers spend to further edu
cate and train these young people
before they can use them. Thanks
again!
Raymond C. Snyder
Blandon
Editor:
1 read your article in the
December 24 issue about condem
nation of land by public groups
being a virus. I agree with you, but
I would include private taking
also. My brother and I had farm
land taken from us in 1987 for a
private right-away to get to 2.4
acres of land that was. severed
from a neighbor’s farm in 1958
will move the responsibility for
making long term real estate
loans, previously Federal Land
Bank loans, from the Baltimore
Farm Credit bank to the new orga
nization, which will improve our
ability to tailor, price and service
these products on a local basis.”
York Farm Credit, ACA is affil
iated with the Farm Credit Bank of
Baltimore, part of the nationwk'
Farm Credit System, the nation’s
leading agricultural lending insti
tution. The Bank provides fur
and services to sixteen otfu
ACAs (Agricultural Credit Asso
ciations) in the states of Pennsyl
vania, Maryland, Delaware, Vir
ginia, West Virginia, and the
Commonwealth of Puerto Rico.
YORK FARM CREDIT, ACA BOARD OF DIRECTORS - SEATED (L TO R) Robert L.
Smyser, Ralph E. McGregor. STANDING (L TO R) J. Wilbur Burkholder, Leroy R.
Bupp, Lester E. Martin, Norman G. Blocher, Lawrence Cauffman, Marlin E. Miller.
Missing from photo - Janet T. Knouse.
QI BA— GEIGY © 1988 CIBA-GEIGY Corporation, Ag Division, Box 18300, Greensboro, NC 27419 Always read and follow label directions
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