Atlantic EVERETT NEWSWANGER Managing Editor CARLISLE (Adams Co.)- At the Young Cooperator Seminar i «*SSB» It* 133 Roihsvaic Station Rd. • Lititz, pa 17543 Sun. Closed - Lord’s Day , Phone 717-626-4705 WE SHIP PARTS DAILY * inenpEPAlf' kvvwma * air m - • FURMANOS CLASS 1 MACHINE DALE FRANK/ 60 Acres 25.0 T/A HARVEST STEVE HERSHEY Elizabethtown, PA CLASS 2 MACHINE W-J FARMS 55.5 Acres 39.3 T/A HARVEST Berwick, PA CLASS 3 MACHINE PAUL DOTTERER & SONS 35 Acres 21.4 T/A HARVEST Mill Hall, PA ' CLASS 4 MACHINE KRUM FARMS 20 Acres 28.1 T/A HARVEST Catawissa, PA CLASS 2 HAND MT. RIDGE FARMS 10 Acres 24.2 T/A HARVEST Biglerville, PA CLASS 3 HAND IRVIN MARTIN 2 Acres 41.3 T/A HARVEST Selinsgrove, PA Furman Foods, Inc., R.D. #2 Northumberland, PA Phone 1-800-952-1111 Dairy Young held Thursday, for Atlantic Dairy, 80 young farmers, mostly hus bands and wives, heard reports on the financial status of the coopera tive and other subjects discussed * tWBEI* 1 * *?pilvift) IRK** Farmers that were of importance in farm management and participation in the cooperative. For example, Roland Freund, extension farm management agent CONGRATULATES Pennsylvania State Tomato Growing Champions To be the best tomato processor in the east, you have to have the best growers. We are proud of our state champions. Lancaster Farming, Saturday, February 29, 1992-Al9 for Franklin, Adams, York and Cumberland counties presented challenges for the prudent manager. ‘Take control of your business," Freund told the young farmers. "Set production, financial and per sonal goals. And do this in writing." Freund said that it was not enough to increase assets such as cows, machinery and land. You need to build equity. “The difference between assets and equity is the debts", he said. “Build equity, track it year by year, and be sure you have the cash flow to satisfy all your obligations. Use debt constructively. Take short term loans and pay them off, before you take the next bite." To improve profits, Freund said you need to identify what limits production and find the ways to reduce costs. Freund said in an election year, politicians have a way of making things appear as they are not. He said things may not be as bad as some prophets of doom may want us to believeJn the recession in the early ’Bo’s unemployment was at 3 O <D 3 10 percent, now it is only 7 percent We have a low inflation rate of only 3 percent Don Robinson, young farmer instructor. Garden Spot High School, presented the merits of the cooperative system. He said the main thing to learn about coopera tives is that the members are the owners of the cooperative. He said it was the retained earnings that helped the cooperative to be able to grow. “Cooperatives do not need to set all their equity from members,“ Robinson said. “But they should have a large part in it because it helps them to want to use the cooperative." Robinson listed benefits of the cooperative to be: buying power, employment opportunities, rental income and competition for other businesses. And the net profits is distributed to members. Paul Hand, general manager, reported total assets at $74,961,912. The young fanners heard other topics discussed, had lunch, and visited Holly Milk Plant, Atlantic’s milk processing facility. JET BQUVMCMT t TOOLS A World Of Value. 26” 2-SPEED SCROLL SAW SAVE $46 00 NOW s299°° STAND $99“ 24” MODEL s676°° Blue Ball Machine Co., Inc. 5 P.O. Box m RL 322 E. Blue Bill, PA 175 M "SufflylMt Tht NtuU ./ Imdiutrj Shut ISU" * III! mi WOODWOUONO A MITALWOMONG TOOU • NIW A USED PHONE (717) 354-447* FAX (717) 355-2611 SUr. I In. MuL-Thun. 7|3A-S| Pii. 75304| fcL S-12 • CNC Press Punchlni
Significant historical Pennsylvania newspapers