Brent Landis Agriculture Services Coordinator HThe Lancaster Chamber ofC ir< 6- Ifv/mOA Phone: (717) 397-3531 ext. 62 E-maiUblandis@lcci.com THE NEXT GENERATION FARMER LOAN PROGRAM There are two times as many farmers over the age of 65 than under 35 in Pennsylvania. This correlates to nearly one quarter of Pennsylvania’s farms that will change ownership in the next decade. To better illustrate the impor tance of Pennsylvania’s agricul ture economy, Lancaster County alone generates close to $1 billion in agricultural economic activity each year. To help strengthen this impor tant economic sector and bridge this transition of ownership to beginning and first time farmers, the commonwealth has devel oped the Next Generation Farm er Loan Program. The Next Generation Farmer Loan Program provides below market rate financing, an aver age of 80 percent of the prime in terest rate, for farmers to pur chase land, improvements, machinery, and equipment. The program uses federal tax exempt mortgage financing to reduce a farmer’s interest rate for capital purchases. ***»*- After meeting your lender’s credit standards, the loan is ad ministered through your local lending institution. An applicant must be a new or beginning farmer and a resident of Pennsyl vania. He or she must be the sole owner and principal user of the Efoject. ' The borrower must not have had any prior jtUerest in a substantial amdunfoi land, 30 percent of your county’s me dian farm size, which in Lancas ter would be 19 acres, or' have a fair market value in excess of & BARALFA 54 BARALFA 42-IQ Brand New NO. 1 ALFALFA in Penn State Trial ALFALFA Increased Quality In Landisville, Lancaster County Has a very strong dense crown and root system which resists 3 Yr. Average yield 8.14 Ton. traffic and heaving. Can be grazed or cut as often as every 3 Against 30 other varieties from 1996-98, BARALFA 54 also had weeks. BARALFA 42-IQ has excellent disease resistance, and highest stand score of the top 10 varieties. In the 1997 seeding yield with the best new varieties. Baralfa 54 had a 1998 yield of 9.89 ton. RADAI FA IA ■ . n ... A well proven alfalfa in this area by both dairymen and cash w£ a lv| increased %gUailiy croppers. _ ALFALFA $lO Per Bag BARALFA 32 IQ is very persistent and Rebate on outperforms other varieties as years go by. . * Altana* Early Order Discount H BARENBRUG Forages For Profit GREAT IN GRASS AI»o Available: B.G. 34 Ryegrass BaraKa 54 &32-IQ Alfalfa Red & Alice White Clover Chicory Bromes Timothy Recda Canary Green Spirit Ryegrass Horsemaster Orchardgraas Kernel FestululoHum Fescue Forage Soybeene Forage Data Triticale Cereal Rye I W'--< ■ ■. $125,000. The borrower’s net worth can not exceed $200,000 to be eligible for the program. The eligible uses of the funds include agricultural land, agri cultural improvements, deprecia ble property, and purchases from related persons. The maximum amount that can be borrowed is $250,000 per person. However, if the loan is allocated for the pur chase of used equipment, the amount borrowed may not ex ceed $62,500. The Next Generation Loan Program may be combined with other loan programs. The lender or contract seller makes all terms and credit decisions for the loan program. The uses of the loan program include the purchase of agricul tural land that is located with in Pennsylvania and is suitable for the use in fanning and is or will be operated as a farm. Any im provements, buildings, struc tures, or fixtures suitable for farming which are located on ag ricultural land will qualify. Per sonal property suitable for the farming for which an income tax deduction for depreciation is al lowable will serve as an eligible use. Funds may be used to pur chase property from related per sons as long as the purchase price is at least equal to the mar ket value of the project and the seller will have no continuing fin ancial interest in it, which means having no direct or indirect own ership and they will not be the principle user of the project. In 2000, this loan program helped five first time farmers in Lancaster County obtain more than $1 million in financing for Hot Deal on Alfalfa Seed Dealer Inquiries Welcome - Also available from - Herb Weaver 717-529-2386 Churchtown Galen Martin Edwin Martin Port Trevorton Berks Co Paul Keller Glenn Beidler 570-539-8993 Perry Co Glenn Martin Leroy Brenneman 486 Davis Rd. Atglen Sylvan Smoker ... Apt. 1 Salisbury 15558 Cochranvllle Ag Service N. Sommerset Co. Marvin Thomas 814-479-7570 c °- Hakes Farm Seed Service.... Eastern Shore Mickey Stant 410-673-2414 Mann*™ " Lynn Fahnestock E. Drumore Seeds Henry King 717-548-3376 Co Abner Stoltzfus Ephrata Carl Martin 717-733-7155 M* l ** r £ aac §*£*' Lancaster Ag Products 717-293-9701 £*ntre Co. Brian Futhey... Little Britain Landis Weaver 717-529-2609 T,o 9 a Co David Jenson Centre Co John Click 814-383-4529 Bio Farm Service 717-687-7420,800-216-1271 Dauphin Co Christ F. Fisher 717-362-9038 Kirkwood Snyder Co Snyder Co S. Sommerset Co. HAY FARMERS! Chamber Conducts Farm Business School LEOLA (Lancaster Co.) Dr. David M. Kohl, professor, agricultural and applied eco nomics, Virginia Tech, second from right, spoke at the Lancaster Chamber of Com merce and Industry’s Farm Business Management School Wednesday at Leola Family Restaurant. About 73 producers and agri-industry representatives attended the school, which focused on many aspects of the world economy and how those factors figure in on the family farm. From left, Brent Landis, ag services coordinator for the Chamber; Stan Michonski, chairman of the Farm Business Management School; Kohl; and John Schwartz, Lancaster County extension director. Photo by Andy Andrews projects involving $2.4 million of investment in 395 acres of farm land. In 2001, this program is al ready looking to double those numbers in financing just in Lan caster. For more information on the application procedure, contact David Nikoloff at the Economic Development Company of Lan caster County at (717) 397-4046 or Gary Smith at the Chester County Industrial Authority at (610) 363-6110. For any questions on The Lan caster Chamber, please contact Brent Landis at (717) 397-3531, ext. 134 or e-mail blandis@lc ci.com. KING’S AGRI SEED Formerly Aaron King Seeds Specializing In high quality forages and grazing since 1993. Fairview Fruit Farm, 96 Paradiaa Lane, Ronks, PA 17572 717-687-6224 Prelnnoculated Seed in Stock Auction Manager: Association Members Must Pay 3 Cents A Pound On Tobacco Sold QUARRY VILLE (Lancaster Co.) Though the tobacco auc tion season may be over, accord ing to Dennis Hess, manager of the auction, growers who sell to bacco privately must continue to pay 3 cents a pound to the coop erative. Hess said that the association must make up costs of the rented building, tow motors, scales, and .717-445-5782 .610-589-2614 .717-582-2730 .610-593-2831 717-529-5653 .717-244-2754 .717-665-7655 717-949-2486 ,570-547-7118 814-349-4333 .570-324-2285 Lancaster Farming, Saturday, February 3,2001-A2l all sorts of equipment, and the 3-cent checkoff is necessary. Many growers are considering and have plans under way to grow tobacco privately next growing season. If those growers are Pennsylvania Tobacco Mar keting Association members, that 3 cents per pound must be sent to the association. There are about 500 members of the association, noted Hess. For grow ing season 2002, mem bers can notify their intention to resign from the association but they have only until Oct. 1 this year, when they must send in a written notice. That would apply to tobacco sold after Oct. 1, according to Hess. For more informa tion, contact Hess at the Solanco Fair grounds auction site in Quarry ville, (717) 786-4389. •• .-.M Sales Rep: Eugene Weaver Phone 687-4363 Fax 687-4303 Also Available: Blend* for Intensive Grazing Mega Green Sudangras* Brown Mid-Rib Sorghum Hi Protein Corn Brasaicas *Baralla 42-IQ not included in rebate. A LESSON WELL LEARNED... Lancaster Farming's CLASSIFIED ADS GET RESULTS! Phone: 717-394-3047 or 717-626-1X64 See ~~ncaster Farming Cow Cam Visit our Website
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