Maryland and Virginia Milk Producers
Cooperative Hold District Meeting
LOU ANN GOOD the cooperative during the past
Lancaster Farming Staff year.
WAKEFIELD (Lancaster Co.)
‘The most important people are
you the producers,” said Russell
Wachter, president of the Mary
land and Virginia Milk Producers
Cooperative Inc.
Wachter said that just as his
name means watchman, it has been
his ambition to look out for the pro
ducers’ interests in the coopera
tive. During the district meeting
held in Wakefield on Tuesday,
Wachter elaborated on the efforts
to always keep members’ interests
in the forefront
With milk prices up, Wachter
said the cooperative decided to
pass along the 74 cents in over
order premiums now instead of
waiting to include the bonus in the
13th check distributed in February.
Although over-order premium
checks were distributed early,
members can expect the 13th check
in February to be substantial from
special allocations.
In his presentation, “The Year
At a Glance,” George Walgrove,
secretary and general manager,
reviewed the events that affected
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Estate Planning for Farm Families
• Wills, trusts and tax planning
• Charitable giving
Business Planning for Farm Families
• Farm partnerships and corporations
• Succession Planning/Farm Transfers
Real Estate
• Tax-free exchanges of real estate
• Real estate settlements
• Public sales
Estate Settlements
• Prompt settlement (most completed in
3 months)
• Tax planning during settlement
54 Queen Road, P.O. Box 497
Intercourse, RA 17534
(717)768-7100
Offices also in:
New Holland Willow Street
Despite last year’s dour forecast
by economists, milk prices have set
new records with $15.37 in Sep
tember and are expected to exceed
$lB in November.
Walgrove explained how the
events on the West Coast resulted
in a domino effect to raise the basic
formula price determined by
cheese in Wisconsin. The events
included a succession of heat
waves in some major areas in the
country, which resulted in higher
grain prices and less quality. Sev
eral producers sold out, which
resulted in less milk production in
states such as Minnesota, Wiscon
sin, lowa, and Montana. Also, the
cooperative sent more milk into the
Southeast than ever before in its
history.
Although the market has sof
tened in the last two weeks and
cheese prices are expected to drop,
Walgrove said that he expects
higher milk prices will be main-
(Turn to Page A 22)
4 v „ ♦
Working to make the Maryland and Virginia Milk Producers Cooperative, Inc. a suc
cess, from left, are George Walgrove, secretary and general manager; R. Steven Gray
beal, director; Russell Watchter, president; W. Thomas Moore, field representative,
and Alan Grove, field representative.
When you need a loan for a truck, we’ll
be there... generation after generation.
Before you get a standard truck loan, talk to Farm Credit. As a cooperative owned by the people who
use us, Farm Credit has served the needs of rural Americans for generations. In fact, for over 75
years we have been a dependable source of credit to agriculture.
We make loans at competitive interest rates for all kinds of purposes, like an equipment loan for that
pickup or tractor. Our loan officers are knowledgeable and can help tailor a financial package to fit
your situation.
So, whether you are a commercial operator, a part-time farmer or simply like living in the country.
we want to do business with you.
And we’U he there for future generations.
Farm Credit
4 Customer Owned Business
11
•vV /'
Southeastern PA
Keystone Farm Credit
(800) 477-9947
Western PA
Penn West Farm Credit
(800)998-5557
Lancaster Farming, Saturday, October 19, 1996-Al9
Northern PA
Northeastern Farm Credit
(800) 326-9507
South Central PA
York Farm Credit
(800) 503-8957