A2O-Lancaster Farming, Saturday, December 16,1989 r —— r ' v W 'f*. \ A 'i • sse R ” MANAGEMENT What COmeS after you farmers must have this information bag the buck? to plan feeding straKgics and prog- BY ROLAND P. FREUND 2. Livestock: Nose counts are Farm Management Agent not very useful unless they are When the flurry of excitement combined with a market value and over the hunting season subsides, inventoried by species, age, and it will be time to get back to the real production groups. This simplifies world. For farmers this means the planning of the feeding prog completing the crop production ram for winter and beyond. Get cycle for 1989 and being prepared ting the groups inventoried helps for the rigors of the coming season, us check with production and This involves the important task of breeding records to determine: taking inventory, not only of the - reproductive performance and trophies and the game in the freez- efficiency er. - death losses What should we inventory? - breeding schedules Almost everything on the farm - planned sales should be inventoried annually. It - future production and cash is a vital tool to help us with deci- flow sion making. Knowing how we can use this information might help us to carefully lake stock of: 1. Crops: It is important to know the 1989 production and val ue of each crop. Estimates based on the neighbor’s 5-acre yield can be very misleading. What’s sold or is in the storage “bin” is what counts. This could enable us to cal culate each enterprise’s contribu tion to farm profits. Planning cash-crop sales can only be done when we know what is in inventory. Likewise livestock | # °° * I BLUE BALL I MACHINE CO., INC. | purveyor of: p 1 . power tools ‘ | • woodworking machinery Fax | • metalworking machinery I • industrial supplies ■- J I J I r Offers Precision Accuracy with Great Versatility At An Economical Price! Especially suited lor cutting chipboard, surface finished veneer core panels coated with synthetic material plastic sheets, PVC and wood You get 'Accuracy to V«4 inch* Rip capacity to 52%" right of blade • Two-position fence for normal ripping or trim ming laminates • 3-belt drive system • Close-coupled blade design • Massive trunnions • Ball bearing arbor assembly • Up front controls MODEL #34-889 3. Machinery: Inventory and evaluation of all equipment may be convenient at the time it is winter ized or placed in storage. This helps managers to plan a mainte nance and repair program and also a machinery replacement sche dule. 4. Buildings and land improve ments: Taking careful stock of these structures and their values will likewise help us to plan their maintenance, improvement or replacement. 5. Land: Listing owned and A DELTA rented land areas by soil class and productivity groups will help with the planning of crop enterprises. Real estate values should be adjusted every few years to reflect the local market, especially if this information is to be used for estate planning. 6. Labor resources: Taking slock of the family and the hired labor resources should be done annually. Evaluation of job perfor mance and management ability should be the basis for salary and benefit adjustments. It might also reveal the need for restructuring or reorganizing the work force for more harmonious and productive relationships. Other uses for inventories In addition to the uses of specif ic inventory information as already discussed, there are other valuable management applications. These include: a. Thanksgiving: Particularly after many people have lost all in floods, hurricanes and earth quakes, we need to take stock of our assets and recognize them as our blessings. b. Tax planning: While tax law changes have reduced the options available, some income and expense payments can still be moved to even out potential tax burdens. c. Business analysis: All busi ness analyses are only as useful and as accurate as the inventories and production data that goes into them. d. Cash-flow planning: Basing 1990’s cash flow on what hap pened in 1989 is futile. To be accu rate it must begin with the invento ries and continue with the breeding schedule of livestock and the planned cropping program. e. Estate planning: From an BLUE BALL MACHINE CO., INC. 1116 Division Highway, P.O. Box 369 Blue Ball, Pennsylvania 17506 Phone: (717) 354-4478 Fax #: (717) 355-2611 ' 8:00-12:00 mm Visit Our Showroom Where We Offer Products From DELTA, JET, MAKITA, PORTER CABLE, METABO & MILWAUKEE! OPEN FRIDAY EVENING TIL 8:00 PM FOR YOUR SHOPPING CONVENIENCE UNTIL DEC. 22nd. CLOSED DEC. 23rd & 25th, JAN. Ist SAVE $BO0 00 NOW $2,998 00 AFTER MFGR’S REBATE FREE 3 YEAR WARRANTY FREE CUT OFF FENCE #34-878 FREE BOARD SET #34-999 BLADE SET - ONLY $109.00 MORE DELTA SPECIALS: MODEL #4O-601 ...18” SCROLL SAW $795 00 after mfgrs rebate MODEL #34-445...10” TABLE SAW $699 00 after MFGR S REBATE w/UNI FENCE MODEL #32-400...PLATE JOINTER 00 after mfgr s rebate MODEL #46-541 ...WOOD LATHE SAVE sl,loo°° NOW $1,499 00 * ERRy LEE KEN I unity wins | accurate inventory and current evaluation of all business and per sonal assets, much of the informa tion can be gleaned for basic estate planning. It is important as family and economic circumstances, and tax laws change, that families reg ularly revise their estate plans. Watch for Estate Planning Programs This winter many counties, par- Dairymen sl6s Million To Farmers LOUISVILLE, KY Mem bers of Dairymen, Inc. who mark eted milk through their 17-state regional milk marketing coopera tive in 1983 are receiving equity checks, interest and reinvestment confirmation notices totaling $16.3 million this week. This distribution to approxi mately 9,100 equity holders throughout the middle Atlantic, southeastern and midwestern states represents an average amount of $1,790 which is in addition to members’ regular milk checks. The amount distributed pro vides for the retirement of over $12.4 million of per unit capital retains and patronage dividends allocated to members’ accounts for the fiscal year which ended Aug. 31, 1983, together with the retirement of approximately $3.9 million of Member Equity Rein vestment Program (MERP) series 1986 investments eligible for redemption, plus interest. Dairymen’s Board of Directors authorized the retirement of this member equity at its October 1989 board meeting. Each year the DELTA DE-40 3.2 METER SLIDING PANEL/SCORING SAW 4s) wM.v'wm uim« ammeters • Sliding guided by u aluminum trolleys riding along laminatad wood way*, tupportad by fight ny lon bearings for smooth movomant • Two-whaal scoring adjustment allows compensation up/down and right/laft for perfect alignment with the saw cut. • Moveable control station tor easy operator access • Three positive stop stocks facilitate squaring panels • Standard equipment crosscut fence, miter fence and micro-adjustable rip fence SAVE -s3,ooo°° NOW $9,800 00 ticularly in Southcentral Pennsyl vania, will be conducting basic estate planning programs. Meet ings and publications are avail able, on an equal opportunity basis, covering such topics as: Set tling the Estate, Planning the Estate, and Business Transfer Arrangements. Contact your county extension office for further details. Inc. Returns board must take the necessary action to authorize the retirement of member equity under the cooperative’s revolving program. Dairymen historically has revolved its equity on one of the shortest retirement cycles in exis tence among dairy cooperatives. “We are pleased to be able to return such a significant amount of equity investments to our mem bers at this time,” said James E. Mueller, Dairymen chief financial officer. Dairymen members have invested $79.1 million in their cooperative as of the fiscal year ended on Aug. 31, 1989. * Dairymen, Inc. is a regional milk and dairy products marketing cooperative headquartered in Louisville, Ky., with approxi mately 5,200 members in 17 mid- Atlantic, southeastern and mid western states. The cooperative also processes and distributes a full line of quality milk and dairy products under its Flav-O-Rich, Ehrler’s and Farm Best brand names throughout its operating territory. aa DELTA MODEL #34-920 AFTER MFGR’S REBATE FREE 3 YEAR WARRANTY FREE BLADE SET AAfiojv ELVIN LARRY