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
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