A3O-Lanca«ter Farming, Saturday, April 6, 1996 LOU ANN GOOD Lancaster Fanning Staff NEW HOLLAND (Lancaster Co.) Stockholders at Keystone Farm Credit’s annual meetings heard good news this week. Phil Kimmel, president and chief executive officer, announced that Keystone’s assets are the highest since the association was formed, with 92 percent loans portfolio classified acceptable. The organization showed $4 million in earnings in 1995, which is a significant increase over other years. Kimmel attributed the increase in put to $1 million col lected on deliquent loans. Another reason for the significant increase was the consolidation of the Balti more and Columbia branch offices to form Ag First Farm Credit Bank. The board estimated an annual benefit of $700,0000 to tpenses were less in 199 S than iously predicted. According to imel. expenses have been jystone« Jim Credit held Its annual stockholders’ meeting at two locations this week. At the Monday night banquet in New Holland, from left. Phil Klmmel, president, meets with Dale Mlnnlch, humorist, and Paul Krelder, a Lebanon County director. • Welght-Tronlx • Bucket Elevators • Feed Bins • Air Drying Systems Feed Mill • Stirring Systems • Wet Tanks • Grain Dryers • Transport Augers • Utility Augers • Grain Bins • Parts & Motors ★ Full Line Parts Dept. ★ Sell, Service & Install Rt. 272 South - 14 Herrville Rd. Willow Street, PA 17584 Ph: 717-464-3321 or Toll Free 800-732-0053 _ _ ~ „ Store Hours: Mon.-Sat. 7:30 AM to 8:00 PM Serving Th» Industry For Ovor 35 Yoon Keystone Farm reduced each year since 1991. Keystone, a cooperative formed to loan money to individuals and businesses involved in agriculture, selected a new mission statement presented at the annual stockhol ders’ meeting: Aggressively strive to set the highest standard for serv ing and supporting customers as the premier provider of financial products and services at competi tive prices. Keystone is putting greater emphasis on promoting services offered such as record keeping, tax service, real estate appraisal, and so forth. Elected to three-year terms to the board of directors are Kenneth L. Hershey of Oxford, Region 1; Mervin Sauder of Lititz, Region 2, position 1; Date Hershey of Man heim. Region 2, position 2; and Rodger L. Wagner, Otey, Region 3. Kenneth Hershey has been fanning for 41 years. His operation coi and grow- AVI BINS AND or This Y GSI ■ B Credit Reports Best Year Ever ing com and soybeans. Hershey is vice chairman of the Lower Oxford Township supervisors and chair man of the Consolidated Farm Ser vice Agency board. He is a Oxford Methodist Church trustee and serves on the finance board. He is a member erf Oxford Lodge #353 Free and Accepted Masons and previously saved on the board of the Chester County DHIA, Mervin Sauder has been farming 38 years. He has dairy, hogs, steers, and chickens. He serves on the boards of L&L Pig Producers and on the East Petersburg Rotary. He is a member of Agway, the state Farm Brurea, and past president of the Lancaster County Holstein Assocation. He is chairman of Keystone’s finance committee and serves on its Credit committee. He is active member of Erb Mennonite Church. Dale Hershey farms in partner ship with his brother for 16 years. They milk 250 cows and farm 500 acres. Hershey is an elder at Akron Mennonite Church, Manheim Young Farmers Association, Pa. Farm Bureau, and the Atlantic Dairy Cooperative. Hershey was a former president and a vice presi dent of the Lancaster County Cooperative Extension Board and secretary of the Lancaster County DHIA. Rodger Wagner has been farm ing for 36 yean. He has 180 cow, ISO replacement heifen, and 650 acres of com, alfalfa, and soy beans. He is a member of the Berks County Dairy Farmers Association and of Pa. Farm Bureau, Fleetwood What Do You Need? Soooo Bucket Elevators Drag Conveyors *ss?*- v’V N Painted, Galvanized, and Stainless Steel Fabrication, Feed Bins, Feeders, Hoppers, Covers, Dump Pits, Augers, and Control Systems to Automate Your Operation All At ------- aFs m automatic farm systems Grange. Atlantic Breeders Cooperative, Pa. Holstein Associa tion, Agway, Oley Fire Company, and Pike Township Sportsman’s Association. He holds several offices at the St Job Hill United Chinch of Christ in Boyertown. He also serves on Keystone’s Audit and Review committee. Three members were elected to serve two-year terms on the nomi nating committee. They include Glenn Moyer, Telford, Region 1; Bruce Kreider, Bainbridge; and Kenneth Stutzman, Kutztown. Dale Minnich, a humorist and motivational speaker from Okla homa, provided the entertainment at the Monday evening meeting. Wayne Humphreys, fanner and speaker, addressed the Tuesday evening stockholders’ me GSI Augeß Grain Drying Equip. Qea^- Aeration & Drying Fans HQNEYVIUE 608 Evergreen Rd., Lebanon, PA 17042 (717) 274-5333 *% s C n %os£r
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