Solanco Young Farmers
Honor Several At Banquet
QUARRYVILLE (Lancaster
Co.) Several were honored at
the recent Solanco Young Farm
ers Association annual awards
banquet.
The banquet recognized
David Downs, Swift Middle
School technical education
teacher. Downs attended the Ag
In the Classroom Program at
Penn State last summer. Solanco
Young Farmers sponsored
Downs’ attendance and partici
pation through this program,
which allows teachers to earn
continuing education credits or
credit toward a graduate degree.
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Other awards were presented.
The Active Member Award was
given to Brian Zug. The Appre
ciation Award went to Brian
Hamish. Outstanding Young
Farmer Over 30 went to James
and Debra Krantz. Outstanding
Young Farmer Under 30 went to
Byron Graybeal.
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Dairy awards were presented.
Ed and Jill Harnish, Spruce-
Edge Farm, won high individual
cow for production. High Indi
vidual Cow for Protein was pre
sented to Karl and Rusty Herr of
Herrvale Farm.
In the corn grain division,
Dale Herr Jr. won first place
with a yield of 137.5 bushels per
acre for RX- 799 Bt. Second
went to G. Victor Brinton with
132.87 bushels per acre for N
-7639 Bt. Third went to Brian
Zug for 109.79 bushels per acre
for Agripro 9616.
Three-year class winner in the
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Herr. Jr. for 177.21 bushel per
acre yield.
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harvest of 26.97 tons per acre
using Pioneer 3173. Second went
to Ed Zug with a 21.7 ton per
acre yield using Mycogen TMF
-114. And third was presented to
Tom Herr for a yield of 19.69
To Transfer Farm Estate
(Continued from Page A3O)
Farm owners should avoid the
philosophy of “T need every
thing until the day I die’ ap
proach,” he said. Too many
farm owners are never willing to
give up control.
Goodley recounted the story
of one farmer who was in his 80s
who decided to give up the farm
to his son in his 50s. “The son
was too old to buy the farm,”
said Goodley.
In other cases, the farm is sold
to pay for nursing home ex
penses. Though some are too un
comfortable to be thinking about
death, avoiding the discussion
about the transfer is not a good
idea.
DISTRIBUTORS WANTED
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Lancaster Farming, Saturday, April 1, 2000-A39
tons per acre using Pioneer
3173.
Three-year average class
winner for the corn silage divi
sion was Tom Herr for a yield of
23.96 tons per acre.
Farm owners can reduce the
money lost to taxes by starting
the transfer of the business in
some increments early enough
until retirement when there is
not much of the estate left to
worry about. There are a variety
of ways that advisers such as
Goodley can offer. Penn State
extension financial management
agents can provide a list of
estate transfer advisers. Also,
Marion Bowlan at Farm Link
also can provide advisers. Con
tact Bowlan at Pennsylvania
Farm Link, Inc., 2708 A. North
Colebrook Rd., Manheim, PA
17545, (717) 664- 7077. Or con
tact vom local extension office.
To help ease the
issue of farm estate
transfers, U.S. Rep.
Joseph R. Pitts (R
-16th) this week intro
duced a pair of
antisprawl bills. One is
the Open Space Pre
serving Act that would
eliminate the 20 per
cent capital gains tax a
farmer must pay when
he sells his property.
The other is the Farm
land Preservation Act,
which would exempt
farm children from
paying federal inheri
tance tax (often as
high as 55 percent) on
the parent’s farm.
Both laws would
apply only to farms
that are preserved.
Farms in 43 Penn
sylvania counties, in
cluding Lancaster,
Chester, Berks, and
Lebanon, would be eli
gible.
I
'i I,
Last week Sen.
Noah Wenger (R
-36th) announced a
measure that would
cut Pennsylvania’s in
heritance tax by $lOO
million, approved by
the state finance com
mittee. Wenger at
tended a recent
Harrisburg rally, join
ing farmers and other
citizens to encourage
legislators to bury the
death tax.
“Our common
wealth has the second
highest inheritance tax
rates in the nation,
which drives older
people to retire in
other states and forces
descendants to sell
family farms and fam
ily-owned businesses,”
Wenger said. Senate
Bill 6 represents the
first step toward phas
ing out the tax, he
said.
Gary Smith, execu
tive director of the
Chester County De
velopment Council,
spoke about the Next
Generation Farmer
Loan Program. In ad
dition, several bank
and preservation rep
resentatives spoke
about ways to finance
the transfer at the
Pennsylvania Farm
Link Workshop.
More information
from the workshop is
scheduled in next
week’s issue of Lan
caster Farming.