Maryland, Virginia Returns
80 Percent Patronage Dividends
RESTON, Va. Maryland and
Virginia Milk Producers Coopera
tive Association Inc. distributed
80 percent of its patronage divi
dends in cash to its members, to
taling $4.1 million, or 21 cents per
hundredweight for milk shipped
during 1997
The remaining 20 percent, or 5
cents per hundredweight, has been
issued in certificates held in the
MARTIN’S TIRE & ALIGNMENT
Out standing
in vour field.
The Agri-specialists from Farmers First aren’t a bunch of deskbound bankers
waiting around for the phone to ring. We get involved with you. Right where
you live and work. We lend the money farmers need to keep growing
And, we can help your business in a lot of other ways, too
We talk the talk. And we walk the walk
(wherever that might lead us)
ANDY TERRELL
(717) 626-4735
EXT. 264
cooperative’s revolving fund.
To expedite the cash distribu
tion of patronage dividends to
members, the board of directors
approved the distribution of divi
dend checks, 11 days early, on Fri
day, August 21. Part of this cash
distribution was pre-paid to co
operative members in addition to
the “I3th check” on February 1,
1998.
The Agri-specialists
FARMERS
first mmm
A SUSQUEHANNA BANC
According to President Jack
Hardesty, a dairy farmer from
Berryville, Virginia, “Because of
the cooperative’s excellent finan
cial condition, the board of direc
tors for Maryland and Virginia has
been committed to returning as
much cash as soon as possible to
the cooperative members.”
By law, cooperatives are re
quired to return only 20 percent in
Member FOIC
JAY HERSHEY
(717) 768-8256
Lancaster Farming, Saturday, September 12, 1998-A29
cash to its members, making
Maryland and Virginia’s 80 per
cent distribution four times higher
than required. The cooperative
distributed 70 percent for the three
previous years, and averaged 57
percent over the last 10 years.
General Manager George Wal
grove added, “Even though farm
ers in Federal Orders 4 and 5 are
receiving over $1 per hundred
weight mote than one year ago,
we realize there’s a lot of catching
up to do. Maryland and Virginia is
fortunate to be able to return more
than the required 20 percent to
members in cash.”
This brings the 1997 coopera
tive earnings to over 75 cents per
Florida Dairy Bowl Teams Sweep
National Dairy Bowl Contest
BRATTLEBORO, Vt.—Flori
da junior and senior dairy bowl
teams came away with top honors
at the National Ayrshire Dairy
Bowl Contest held at the National
Ayrshire Convention in Cedar Ra
pids, lowa.
Four junior teams and seven
senior teams participated in the
contest.
Competing on the senior team
were Christine Thomas, of River
view; Sarah Bishop, of Okeecho
bee; Stacey Revels. Bushnell; and
John Spann, Okeechobee.
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295 Woodcorner Rd. • Lititz, PA 17543 • 717/738-7365
1 mile West of Ephrata Hours
Call or write for additional information on _p ri 7 . 5
and the name of your nearest dealer g at 7 .1 -|
M
hundredweight in cash above
Federal Order market prices. In
addition to patronage dividends,
this total includes over-order pre
miums, quality premiums and
profits of raw milk sales.
Maryland and Virginia Milk
Producers Cooperative Associa
tion, headquartered in Reston,
Va., is a milk marketing and pro
cessing cooperative which mar
kets milk for 1,150 dairy farmers
throughout Pennsylvania, Mary
land, Virginia, West Virginia and
. Delaware. The cooperative in
cludes Marva Maid, a milk pro
cessing division in Newport
News, Va.; a manufacturing divi
sion in Laurel, md.; and an equip
ment division in Frederick, Md.
Placing second in the contest
was the team from Maryland with
members Mike Creek, Mark
Creek, Susan Richardson, and Ste
phanie Pomraning.
The winning junior team from
Florida was made up of members
Adam Spann, Okeechobee; Ser
ena Churchwell, Plant City;
Amanda Day, Sarasota; and Sarah
Clemons, Naples.
The second place team in the
junior division was from Iowa; Ja
son Steinlage, Justin Steinlage,
Holly Zumbach and Christina
Ehrman.
MILK
I 7 ■■