Cedar Rapids Gazette, August 13, 1974, Page 10

Publication: Cedar Rapids Gazette August 13, 1974

Cedar Rapids Gazette (Newspaper) - August 13, 1974, Cedar Rapids, Iowa ANSWERS TO QUIZ: WOIlOSCOff I L fotrkh Gray, 7 guilty, 3 (, 4 Iufk*y, S b MU'AM Senator J Wtitwm F utbnght I*WrCH*080S I d 2 <, I e, 4 a 5 I »{WSPICTU« Pete Ro/elW SPORT LIGHT I Stolen bout, 2 c, 3 International Olympic Committee 4 Walter iotimon, 5 1,000 meter run AW Yanm News IO The Cedar Rapids Gazette: Tues., Aug. IS, 1974 Politician Gets Lesson In Agriculture Economics Ford Will Continue Rfc°Id'"creaie In Middlemen s Nixon Farm Policy Margin Charges By Don Kendall WASHINGTON (AP) -Farm policies of the Nixon administration will continue under Gerald Ford, says Agriculture Secretary Earl L. Blitz. But/ told reporters he will stay on in the cabinet if Ford wants him, at least in the early    months of transition, though he left open the possibility he might resign later. But/ turned 65 last month Asked if he expected changes at USDA. But/ said — “I    would anticipate none whatever.” He said Ford, as house minority leader and more recently as vice-president. has worked closely in helping to shape farm policy. Good Friends An aide to But/ said the secretary and Ford had been good friends as well as political allies. But/., speaking in a low, calm voice said farm policies under Nixon have brought more prosperity to rural America than ever before, He said this was partly as a result of what he called the “relative peace" Nixon helped bring to the world “We could never have turned agricultural policy around in this country without it,” But/ said. But/ said about Ford: “Jerry is one of those who likes people . . . respects people. He'll be a fighter, but a .clean fighter.” Historic Turnaround But/, who joined the Nixon cabinet in December, 1971, has seen and has participated in one of the historic turnarounds in U. S. agriculture, from rising surpluses and low prices when he joined the administration to virtual scarcity and record prices. One of the main frustrations facing the new administration is the dwindling stockpile of grain and other food stuffs. Drouth this summer and profit crunches on livestock producers have brought further troubles. Resist Controls But/ said he believes Ford, like Nixon, will resist attempts to impose strict export controls to conserve U. S. commodities. He thinks Ford will continue the policy of pushing for even larger farm exports, both as a means of helping farmers and to offset trade deficits which otherwise might occur. WASHINGTON (IPI) -Food middlemen’s charges in 1974 may average about 20 percent above 1973, the biggest annual increase on record. the agriculture department says. Officials said the big jump in margins involved in processing and distributing food was concentrated in the first half of the year. In the second half, margins are expected to narrow slightly and this will help cushion new retail price hikes produced by rising farm prices, a report said. The middlemen's margins include both costs and profits, but the report gave no indication of profit trends this year. It said that in 1973, before-tax profits of firms involved in marketing farm foods reached $4 6 billion, up almost a third from 1972. Angus Scholarship ARTHUR - Debbie J. Johnson, 17, daughter of Mr and Mrs. Bob Johnson o Arthur, won a $700 America! Angus Auxiliary college schul arship in judging completec during the recent Angus Futu rity in Louisville, Kv., recent ly.    _ DRIVE SAFELY! MONTICELLO - A candidate for congress got a good lesson in farm economics at the Jones county fair on Friday. State Senator Tom Riley (R-Cedar Rapids), Republican candidate for Second district congressman, bought a steer at the 4-H and FFA market beef auction and learned a lot about the plight of the farmer. “I wanted to know how the current prices reflect the cost to the farmer of fattening the steer for market,” Riley said. “Getting into the market seemed to be the best way of demonstrating tin' economics of the current situation." Bought Steer Riley bid on a steer shown at the fair by FFA member Thomas J. Siver, 17, of Martelle, and purchased the steer for 51) cents per pound The steer had been purchased by Siver at 535 pounds for $270. In the 225 days Siver had the steer it had been fed $160 16 of corn, $5.86 of oatsv $44.48 of hay and $44.01 of protein. The total cost of the calf and the feed. $521.54 was augmented by a $4.00 trucking fee, a $22.50 cost for depreciation of the buildings, a $4.00 equipment charge and an average daily cost of 2r cents for water, electricity, tank depreciation and other miscellaneous items. Considering all the costs, Siver spent $608.29 bringing the steer to market. “Farmers tell me that the government should stay out of agriculture. They don’t want the strategic grain reserve and they don’t want wage price controls. Farmers feel the less governmental interference and regulation the better. They feel wage-price controls are partly to blame for the current situation, and I agree. “Government does have a place in agriculture. That role is in promoting balanced international trade. We should work toward reciprocity in trade, so that the ll S. doesn’t become a dumping ground for agricultural products simply because other nations have trade barriers. If we do that, the farmer wdl be strengthened, thus strengthening the nation.” ____ A candidate far congress, Tom Riley, right, bought a steer at the Jones county fair in Monticello last week from Thomas Siver, I 7, left, of Martelle, but Siver lost money on the deal. Riley said he purchased the steer to demonstrate the problems facing livestock producers in today s market. Lost Money The 50-ccnt-pcr-pound purchase price and the 1,025-pound weight of the steer brought Siver a $512.50 return on his $608.29 investment and his estimated 250 hours of labor. This means Siver lost 40 cents an hour bringing the steer to market. Commenting on Siver’s experience, Riley said: “It has demonstrated to me the problem the livestock producer faces in today’s market. I don’t claim that this single experience makes me an expert on agrieutlural economics, but it does point out the serious plight of the Iowa livestock producer. Riley’s Views “Some people have commented that the present situation is just the result of taking a risk and losing. To some extent they are right, farming will always have an element of risk in it. But presently the odds are such that the farmer loses consistently. Farm Bureau Opposes Export Control Plans DES MOINES - The Iowa Farm Bureau is asking the Iowa congressional delegation to oppose the proposed farm commodity export control bill In letters this week to Iowa members of the U.S. house of representatives, Kenneth Thatcher, Iowa Farm Bureau secretary, said this bill is a “very dangerous piece of legislation.” Thatcher said the proposal is just as “unworkable” as all go\ eminent price-fixing activities. The Iowa farm leader said such interference in agricultural trade by the government will lose foreign markets for U S. farmers. Thatcher said the only time government should be involved in this type of thing is where other governments are manipulating trade in such a way as to drastically disrupt ll S. markets. House consideration of this proposed legislation is expected soon. The senate has already passed legislation to authorize expanded controls on agricultural exports. LAFF - A - DAY ^ ^ Mer sh I _ .    'V*11 “Well, if you didn’t MEAN ‘hop in’, why did you SAY hop in’?” State Now Has Funds Available For Emergency Livestock Loans DES MOINES - Financial assistance to livestock producers through the emergency livestock credit act will become available this week through a new loan guarantee authority of the Farmers Home Administration, a rural credit service of the U. S. department of agriculture. Robert Pirn, state director. said the agency will be prepared to implement the recently enacted law by guaranteeing up to 80 percent of possible loss on loans made by legally organized lenders to livestock producers. Total national authority for this guaranteed program is $2 billion. Operating procedures will be in the agency’s field offices the week of August 12. Extension Possible Under terms of the act, the loan guarantee program will be in effect through July 25, 1975. The loan may be extended for 6 months beyond that date if the secretary of agriculture determines that it is needed to help the livestock industry obtain sufficient credit. The law calls for loans to be made by banks or other legally organized lenders. Pirn said producers are urged to make applications to, and complete loan arrangements with lending institutions. The lender in turn will ask Farmers Home for a loan guarantee if one is required. The lender will process the application, close the loan and service it. Three Years Repayment The maximum loan to any single borrower that can be assisted by a Farmers Home guarantee is $250,(KM). Loans will be repayable in 3 years, although renewal for 2 years may be authorized. Interest rates are determined between borrower and lender. Pint said the agency is authorized to guarantee up to 80 percent of a loss that a lender may incur on loans to bona fide farmers and ranchers who breed, raise, fatten or market beef and dairy cattle, hogs, sheep, gouts, chickens and turkeys. A majority of the borrower’s income must come from the operation, and a major portion of the borrower’s time must be devoted to the livestock or poultry production. Majority Requirement In the case of a corporation or partnership, assistance can be extended only when the majority partners or stockholders are primarily engaged in the livestock or poultry production. Farmers Home guarantees will be made only when the bona fide farmer or rancher cannot obtain financing without a guarantee. Loans may not be used lo expand operations. Pim said the county office serving the area where the borrower’s livestock or poultry operations are conducted will handle requests from lenders for guarantees, or supply information on the loan guarantee program. . ON THIS DATE in 1930, a new aviation speed record was established when Capt. Frank Hawks flew from Los Angeles to New York in 12 hours, 25 minutes. DRIVE SAFELY! TRAITORS COMBINES - CORNHEADS LARGE MACHINERY AUCTION THURSDAY, AUGUST IS. 9 OO AM 150 - TRACTORS - 150 JOHN DEERE-2 5020, 46:10, 2-4410, 2-4230. 4030. 4620. 4-4520. 2-4320, 10-4020 . 3-3020, 4-2020, 2010, 10-1020 , 820 , 3-630, 530 60 , 5-3010, 4-4010, 4010 I,P. .3010 Ii1, ll & Loader. A. 2020 & Loader. LH 1466, 1066 , 766. 756 , 856, 1256. 1206, 2-806 . 3-706. 3-560 2-450 3-400. 2-656 . 656 Utility, 544 , 544D, 2 M s, W 9, 504 D. 460D, 460. 1460. 2606 & Loader. 660 I). SM TA.; OLIVER 2150, 1950 . 3-1850. 2-1800. 1600. 880. 770. 2-88; M&M8 900 D. 5 Star U 302 445 LB. CASE 1171. 971, IIJI. SJI. FORI) SINH), 9000. 5000. 4000, 960 A.C 3-190 XTD. D-19 D, D-19, 190 D, D-17, D-14 SLF. 4-180 I), HOO D. 1130 D. 65 , 85. S-90 HALERS J D 24T, N U. 66, N.H. 68, 2-N.H 271. Oliver 520, Case 200, LOADERS JI) 46A, .ID 47. JI) 48, JI) 58. JO 35. Koyher Super K. Dual; PLOWS JD 1450 4x18, 3-New IU 510 4X. M & M 5X Steerable, Case 5X •Pull, IM No. 60 4X Pull. Oliver 4340. Ill 710 5X Auto . JI) F345 5X. F 145 4 ti 5X, III TOO 5X. ( HOPPERS JI) 38 ID 34. IU 20< . Gehl 83 II, NU 616, NU 717. AC 780. JI) IHA Flail, JD 15 Flail; B\CK HOES JI) 606. MF 34; PICKERS 2- III 237. I IH 2MH, IU 2 PU. JO 237, JD 227, NI 311, NI 324. Oliver 73. NI SOO, Oliver 83 MISC. New 9 51. Tires, New IIL Tires. New Wagons. 6, 8 & IO ton. New H D Blades, Several Dabs, Several JI), IM & NI Sheller Attach, 3-New Dakon F ield Cults, Several Balers. Several Tandem Discs COMBINES IOO - CORNHEADS IOO J I) 4-6600 4-7700. 2-3300, 2-105, 95. 2-55. 4 45, 40 M E 510. 410. 4-300, I lf 815 w-fire damage, 403, , 303 , 205. 3-101; GLEANER (I Diesel. A 2. E C 2 OLIVER 5555. 545. 525; CASE 1660 660. J O. 843. 3-643 , 5 444 . 443, 5-244 , 4-343. 2-435 W. 435 N, 3-4:14 W, 4:44 N, 335, 5-234 , 3-235 205. 4-210; M F 63, 43 , 4-44 . 2-33, 2-421, 2-422. 2-321, 4 222; CASE 404 . 403 , 402, .345 NJ 723 725, 4 row 36"; GLEANER C-630, ( -440, GL-440, GL-435, (-435, G-430, F-430, FL-430, G-435, E-330, K 240. E 240, A-240. A 330. oliver 544 , 541, 531, 522. 512, 12. LH 783, 744 , 2-733, 429, 4.30, 327 . 328, 326, 227 , 228 , 229; DRYERS American, New Grain Chief, Lsed Grain Chief IHI — PetUbone No. 125 Pron! End Loader. Pa >d Burkei. 4 wheel dr. Minnesota Implement Co. Inc. (irand Meadow, Minnesota Con Clement, Pres. Phone 567-734-5171 More stories . . . and more of a story. That’s what The Gazette offers you every day. Sports to finance; politics to Hollywood gossip; police news to Home Ec features — our job is to keep you informed and entertained. Where else can you turn for all these stories and features? Only here. The place you always turn . . . when you want to know the whole story . . . about Eastern Iowa and the world. ANYWAY YOU LOOK AT IT . . . you'll find interesting news in the Gazette Classified columns. Develop the habit of reading these ads every day! Classified is where the bargains are! And when you have something you want to sell, put your message where the readers are . . . in Classified! Gazette Want Ads Phone 398-8234 Dawn Santman, right, of Dysart won another victory with her 1,030-pound Angus “Euell Gibbons” last week, when judge Rex Boatman of Waterloo selected her steer as champion of the Jones county fair Open steer show at Monticello. Earlier last week, Dawn topped the Tama county fair show with the same steer. The reserve grand champion of the Monticello show was 1,090-pound Angus-Simmental crossbred, “Rip”, exhibited by Sara Loughren, left, of Masonville. Sara’s steer was also selected as reserve grand champion at the Vinton open show earlier last week. Gazette photo bv Terry Hunter ct Clo/OU People like you like Bishops Senior citizens like Bishops because they can build their own meal at their own price. So, whether they are hungry for a lot ... or a little . . . they find just what they want. Bishops is a place people like. People like you. BUFFE I • Lindale Plaza CAFETERIA • Downtown YOU’LL FIND WE'RE JUST A LITTLE gfi!§8IFJ(, CEDAR RAPIDS ;

  • Bob Johnson
  • Dawn Santman
  • Debbie J. Johnson
  • Don Kendall
  • Earl L. Blitz
  • Frank Hawks
  • Gerald Ford
  • Iha Flail
  • Kenneth Thatcher
  • Rex Boatman
  • Robert Pirn
  • Sara Loughren
  • Thomas J. Siver
  • Thomas Siver
  • Tom Riley

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Issue Date: August 13, 1974