Mercer DHIA CAROL SMITH Mercer Co. Correspondent MERCER (Mercer Co.) The Mercer County Dairy Herd Im provement Association held its annual meeting, January 5, at the county Extension Center in Mer cer. The meeting was called to order by chairman Dennis James and State Director George Cudoc gave his report He informed the dairy men that milk testers would begin carrying book computers and printers to the test sites. He also mentioned the state DHIA annual meeting will be held March 19-20 at Radison Hotel Pittsburgh in Monroeville. All DHIA members arc invited to attend. Mr. Cudoc cleared up some questions about the new format of the DHIA re ports. Some complaints were made about the readability of the reports. He stated that changes are currently being made to improve the format. Also during the meeting, sev eral awards were presented and election of committee members was conducted. Chairman Dennis Workshop LANCASTER (Lancaster Co.) A work shop entitled “How To Keep The Farm In The Family” is scheduled for Tuesday, Feb. 9 at St. Anne’s Parish Hall, Duke and Liberty Streets from 7 p.m.-9 p.m. Sponsored by Metropolitan Financial Ser vices. the workshop will be conducted by Cynth ia Boyer Blakeslee, attorney. Blakeslce served three terms as chair of the Agricultural Law Committee, and has been a member of the Ag Issues Forum since 1989. She is a member of the Lancaster County Estate Planning Council. Sealing will be limited. Call (717) 560-0371 to reserve seating. //»\ TURKEY V vJK j CONTRACTS DGflllO AVAILABLE ROUND AduK Turtoy Foodor Now AvalliUo With Rod Plootlc Pan LET NORTHEAST AGRI SYSTEMS DESIGN, BUILD. EQUIP, AND SERVICE YOUR NEXT TURKEY HOUSE • INCREASE CURRENT CASH FLOW » COMPLEMENT EXISTING FARM OPERATION • TAKE RISKS OUT OF CHANGING MARKET PRICES * RENOVATE EXISTING POULTRY HOUSING ROUND HILL FOODS OF NEW OXFORD, PA, A DIVISION OF WAMPLER-LONGACRE TURKEY, INC. IS EXPANDING ITS GROWING OPERATIONS IN SOUTH CENTRAL PA AND NORTHERN MD. IF YOU ARE INTERESTED IN BECOMING A CON TRACT HEN OR TOM TURKEY GROWER WITH THE SECOND LARGEST TURKEY PRODUCER IN THE U.S.. PLEASE CALL JOHN MENGES AT (717) 624-2181, EXTENSION 242, TODAYI OR CALL TOM WEIDMAN AT NORTHEAST AGRI SYSTEMS 1-800-673-2580 NORTHEAST AGRI SYSTEMS. YOUR AUTHORIZED PENNSYLVANIA MASTER DISTRIBUTOR Northeast Agri Systems, Inc. FLYWAY business park 139 A Watt Aiipot RA Lido, PA 17343 MB Ml (717) 569-2702 1-800-673-2580 B Meets James and Regional Manager David Bigelow presented the awards. Douglas Robinson received the first place Herd Management Award for the county along with second place in Class 650 - 749 lb. Milk Protein with an average of 704 lbs, and Class 750 - 849 lb. Milk Fat with an average of 836 lbs. Rollin and Dennis James for the sixth consecutive year continue to be an outstanding dairy in Mercer County by receiving honors of having the highest herd average for milk production. The Jameses also received the award for high est county herd production for protein and highest county herd production for milk fat with 773 lbs. and 938 lbs., respectively. Others receiving awards were Ralph and Gary Oakes. Dean Amick, guest speaker at the meeting, spoke on the subject “Unbundling the New Reports.” He also commended the county dairymen for another successful year and the county association for completing its 75th year. Set (Continued from Pago A 34) said Weaver, who has formed Homestead Nutrition, a company promoting biological agriculture. During the day-long seminar held on Wednesday, topics included estate planning, farming trends in ’93, and the pros and cons of having the right to sell their property for whatever intended use. Richard Denison, associate administrator of Pennsylvania Far mers’ Association, stressed the importance of farmers having accurate figures for their assets. If the figures are wrong, surviving family members may not be finan cially secure. Common mistakes made in estate planning or the lack of it are death without a will, all left to a spouse (a tax trap), and lack of communication between spouses before death in explaining what needs to be done in case of death. To make the maximum use of the $600,000 lax exemption, prop erty should be owned by tenants in common rather than owned indivi dually or by joint tenants, he said. ' 1992 NGSPA V g iAf T\ D'C'CTTT *TMES X JUG# JEXJC* S3p X i 9 DEKALB SORGHUM - The Strongest In The Industry! 7 .. Once Again In The National Grain Sorghum Contest DEKALB Sorghums Are The Ist & 2nd -IRR Division 3rd -NIRR Division . \</ DEKALB WISHES TO CONGRATULATE Richard Schmatz Doylestown, Pa. Pennsylvania Ist Place With DK 48 Seminar Examines Estate planning The Results Are In - > ,v - Recognized Winners! NATIONALLY: Lancaster Farming, Saturday, February 6, 1993-A35 He stressed the importance of using an attorney to make sure that the wording of a will and deeds arc properly set up to save heirs from paying unnecessary taxes. A legal way to distribute an estate before death is to give any one and as many individuals as you choose $lO,OOO a year for as many years as you choose without gift tax ramifications to cither the giver or the receiver. According to Denison, it is important to have ownership of life insurance in the surviving spouse’s name to eliminate the insurance policy from, becoming part of the estate, which would then be sub ject to taxes. Denison’s favorite technique for passing a farm on to a heir is to form a growing partnership, which keeps the land in the parents’ name, but leases cattle and equip ment to the partner. Income is split and as livestock offspring arc dropped, they arc owned by the partnership. New equipment is also purchased as part of the partnership. “Within eight years, a partner will have one half ownership in the business,” Denison said. The father can then sell the remaining half to the partner; if the partner can’t pay, a right to purchase STATES; - 22 of 38 State First Place Winners Won With DEKALB More Than Double The Winners Of Any Other Seed Company More Than ALL Other Seed Companies Combined! -• • Greg Manners Ringos, N.J. New Jersey With DK 48 agreement should be drawn up. “No matter what you do after this meeting, please do something to begin estate planning,” Denni son said. He recommends updating wills every three to five years and whenever changes are made in laws or in situations of deaths or births. Ag future Lou Moore, Penn State econom ist, predicted where Pennsylvani a’s agricultural industry is heading and how U.S. policy and world economy will effect it. (See the Lancaster Cattle Feeders’ article in this issue for his predictions). Dr. John Becker, Penn State ag law and economics professor, spoke on the pros and cons of far mers having the right to sell their property for whatever intended use. “It seems deceptively simple, that the owner should be able to do as he pleases,” Becker said, “but there is another side to the issue.” He reviewed laws that pertain to landowner’s rights and of the gov ernment’s role to protect society. He said that individual and com munity interests need to be taken into consideration when determin ing a land’s use. Ist Place
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