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Cedar Rapids Gazette Newspaper Archive: December 30, 1974 - Page 10

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - December 30, 1974, Cedar Rapids, Iowa                                10 The Cedar Rapids Gazette: Mon., Dec. 30, 1974 S I Computer To Keep Eye on Commodities Dairy Co-Ops Okay Milk Order Change By Don Kendall WASHINGTON (AP) The government is considering a computer network to conduct daily surveillance of commod- ity futures trading to delect major market transactions that affect consumer prices for farm goods. The computer network also would be used to spot fraud or irregularities in the commodi- ty markets for agricultural products and other raw male- rials. The proposal is described in a 146-page report by a special teap.'i of agriculture uepari- mcnt and industry experts. Report Revealed The report was made public (his week by Alex C. Caluwoll, administrator of the depart- ment's Commodity Exchange Authority, who ordered the study after massive Russian grain purchases in 1972 led to drastic fluctuations in U. S. grain prices. The CEA, however, will give way next April 21 to a new independent Commodity Futures Trading Commission created by congress this year to tighten federal regulation of commodity markets. Caldwell suid he "supports proposals in the study and will recommend them" to the new commission. However, some of the proposals were not en- tirely supported by all the study team members who in- cluded their dissents In the re- port. 36-Month Span The report recommended the computer system be grad- ually put into effect over a month span after congress au- thorizes funding. A spokes- man said the initial cost of the system is estimated at 0011, plus a month compared with a month for the present system. Currently, the CEA relies primarily on reports filed by the commodity industry for policing the commodity mar- kets. The new plan would re- quire futures traders to supply detailed information on each transaction on a daily basis. The study team included five members from the USDA and four from the commodity trade. The private traders said in their comments in the report that they did not think "alternative approaches have been adequately explored" which would stop short of the total daily surveillance set forth in the proposal. Dissenters Seen Dissenters said surveillance priorities and other guidelines should be established to in- sure the system produces the desired results. They also ex- pressed concern over "public policy aspects" of using data surveillance to enforce federal regulations. "We can identify no preced- ent in which a business activi- ty is subjected to a complete reporting of every transaction occurring each day, wherein the purpose is solely to achieve the state- ment said. "The proposed sys- tem would be a radical depar- ture from the present record- retention as con- tained in the current Com- modity Exchange Act." The traders also said in their dissent that the study did not contain a legal opinion supporting the constitutionali- ty of the plan and its relation- ship to the individual rights of privacy. CHICAGO After a favor- able vote by cooperative asso- ciations representing substan- tially more than two-thirds of the' dairy farmers affected (97.3 the agriculture department has amended some pooling and payment provisions of the Nebraska- Western Iowa federal milk marketing order. Changes be- come effective Feb. 1. The agriculture department said the amendments were re- quested by Mid-America Dairymen, Inc., representing many producers on the market. Pooling requirements are modified to allow a distribu- ting plant to have its milk pooled and priced under the order for the current month on the basis of its fluid milk sales to the market the pre- vious month. This provides a grace peri- od to a plant regularly asso- ciated with the market that may for one month full to sell the required 35 percent of its Grade A milk for fluid use. It also assures producers regu- larly supplying the plant that their milk will continue to share in the market-wide pool returns. Another amendment speci- fies the payment requirements for a handler who receives milk from a pool plant operat- ed by a cooperative associa- tion. The first payment would be made on or before the 26th day of the month to a coopera- tive for fluid milk products re- ceived the first 15 days of the month. Final settlement by the handler would be made on or before the 14th day of the next month. Iowa Still Second Leading State in Farm Exports By Harrison Weber lowo Daily Press Assn. DES MOINES Iowa's ag- ricultural exports arc up 62 percent. In the fiscal year ending June Iowa agricultural ex- ports topped billion, an increase of million over the previous year. For the second year in a raw, Iowa was the second leading state in agricultural exports, exceeded only by Il- linois with exports totaling billion. U. S. Exports Up U. S. agricultural exports in fiscal 1974, at billion and 63 percent above the 1973 lev- el, required the output of million acres of U. S. crop- land one out of every three acres harvested. Exports ac- counted for two-thirds of wheat production, about one- half of the rice, cattle hides and soybeans, over two-fifths of the cotton and tobacco pro- duced, and about one-quarter of feed grain output. Humane Group Establishes Reward in Cattle Slayings DENVER (AP) The American Humane Assn. has offered a reward in connection with suspected cult slayings of cattle in the west- ern United States. Law enforcement officers believe cults are involved in the bizarre slayings, which have been reported in Colora- do, Nebraska, Kansas and Minnesota. The animals' sex organs are generally multilated or re- moved, according to officials. USDA Drops Quad Cities Milk Rule CHICAGO The U. S. de- partment of agriculture (US- DA) has issued a suspension order to remove the limits on diversion of milk from distri- buting plants to nonpool plants under the Quad Cities- Dubuque federal milk order during December and Janu- ary. The agriculture department said the action was requested by Land O'Lakes, Inc., a coop- erative, to accommodate the handling of reserve milk in excess of fluid milk demand durini the two months. Land O'Lakes, Inc., and Mississippi Valley Milk Pro- ucers Assn., Inc., represent- ing about 90 percent of the dairy farmers, submitted views in support of the action. None was filed in opposition. This suspension permits the economical movement of pro- ucer milk directly from farms to manufacturing plants with the milk still priced under the order based on its use, accord- ing to officials. Without the suspension, milk diverted in excess of the limit in the marketing order (50 percent) would have been excluded from the market pool, they said. Beef, Pork Donations At Million Mark WASHINGTON (AP) The government has spent nearly million on beef and pork for donations to school cafete- rias since last July 1, accord- ing to the agriculture depart- ment. Frozen ground beef has been the biggest item, amounting to million for more than 110.3 million pounds. Canned beef and pork totaled about million for nearly 25.9 million pounds, de- partment reports showed In an incident near Wray, Colo., two weeks ago, Yuma County Sheriff Gerald Davis said it appeared that blood had been pumped from a 100-pound Hereford cow before removal of sex organs and one car. The reward, offered for information leading to the arrest and conviction of per- sons involved in the ritualis- tic-style slayings, was initially established last month in Minnesota. R. T. Phillips, executive director of the association, said reports of such incidents are increasing and becoming more widespread. The most recent report, which occurred last week, was of eight cattle slain in 11 days near Glenwood Springs, Colo. In Nebraska's I'latte county, 44 such crimes were reported in the past month. "The killings are certainly illegal, and there are many indications that they are 'extremely Phil- lips said. Error Noted on Crop Payments WASHINGTON (UPI) Two agriculture department officials were mistaken in publicly claiming that the gov- ernment had not paid farmers lo hold cropland out of produc- tion for the last three years, the department conceded this week. A brief formal statement from the agency said the erro- neous remarks which had been challenged in news sto- ries were made in recent speeches by Assistant Agricul- ture Secretary Clayton Yeutter and by Donald E. Brock, exec- utive assistant to Agriculture Secretary Earl L. Bum. The statement said the gov- ernment paid farmers bil- lion in 1973, billion in 1072 and billion in 1971 for idling wheat, feed grain and cotton acreage. Milk Record BRATTLEBORO, Vt. A four-year-old cow owned by Hadwcn Kleiss of Fredericks- burg set a record for her age group under official produc- tion testing supervision. The registered Holslcin cow, Star- dcll Pioneer Pagan, completed a lactation level of pounds milk and 945 pounds buttcrfat in 365 days, accord- ing lo (he Ilolstein-Kricsiiin Assn. of America. 1 Ten states, according to the U. S. department of agricul- ture, accounted for three-fifths of the total export sales. Be- sides Illinois and Iowa, the other leading states and their export sales were: Texas, billion; Kansas, billion; California, bil- lion; Minnesota, billion; Nebraska, billion; Indi- ana, million; North Dako- .la, S842 million and North Carolina, million. Soil District Commissioners Set Meeting AMES The 13th annual short course for soil conserva- tion district commissioners will be Jan. 21-22 in the Mem- orial Union at Iowa State uni- versity, reports Min Amemi- ya, extension agronomist. Registration in the Sun Room is at 8 a.m. on Jan. 21. The program begins at 10 a.m., with John Pesck, head of the agronomy department, presiding. Dean of agriculture Lee Kol- mcr will give opening re- marks. Marvin Anderson, dean emeritus, ISU extension, will be toastmaster for the evening banquet. Charles Donhowc, dean, university extension and director, cooperative extension service at Iowa State, will give the banquet address. The second day begins at a.m., with Clarence Buck- hop presiding. He is head of the ISU agricultural engineer- ing department. Farmers Union Explains Change In Insurance DES MOINKS Iowa Farmers Union President Lowell E. Gose of Jefferson has announced the .IFU will discontinue sponsorship of Blue Cross-Blue Shield medi- cal and hnspitalization insur- ance at the end of December. dose said a "prohibitive rale schedule" and communi- cation difficulties with Blue Cross representatives prompt- ed the organization to "elect an alternate plan with Nation- al Group Insurance Trust of Kansas City, underwritten by Globe Life Insurance Co. nf Chicago." New York Calf Brings ATHENS, Pa. (AP) A New York farmer says he was shocked when he sold an 82- pound calf at the Valley stock- here and received a check for Kenneth Bush, an Klmira, N. Y., farmer for the last 25 years, says the check repre- sented his profit after the stockyard deducted a trucking charge and sales commission. Our retail store will close tomorrow at pm So our employees may spend more of the holiday with their families. Happy Holiday to youl Paint ft Wallpaper 333 5rti Ave. SI j 1 blankets FREE when you save at First National... 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