Futures Regulation Chief Expects Smooth Transition
Washington AP A new funeral agency will take over commodity futures trading next week. William T Bagley chairman of the Commodity Futures Trading Commission says the transition will be neutral with minimal disturbance. The CFTC will replace the CEA in USDA and operate as an independent five member body. Four members including Bagley were sworn in at the White House. a fifth is expected soon. Congress also extends the phase in for new registration and keeps current markets operating during setup. Interim rules will be published this weekend.
MENTIONED IN THIS ARTICLE
Washington
William T. Bagley
Commodity Futures Trading Commission
Commission
Congress
Agriculture Department
CEA
Fron Usda
Bagley
Ford
Creditor Committee Rejects ABP Offer in Omaha Hearing
The creditor committee handling American Beef Producers ABP in Omaha rejected ABP and Beefland International's proposed plan for creditor repayment, calling it a good basis for negotiation. The panel seeks more upfront money and other changes, with hearings set for May 2 on a receivership petition and court delays to allow full creditor consideration.
MENTIONED IN THIS ARTICLE
Omaha
American Beef Packers, Inc
ABP
Herb Albers, Jr
Wisner
Neb
American Beef and Beefland International
Sredilars
Carriel
Jones
David Crawford
Iowa
Nebraska
Securities and Exchimpe Commission
Frank R. West
Crawford
Grandstand at Winneshiek Fair to get shingles
Winneshiek County fair plans a 914750 dollar grandstand reshingling project funded by federal revenue sharing. The contract goes to Broghammer Roofing of Cresco with completion expected in four to five weeks. The fair runs August 6 to 9 featuring family day home talent show races judging exhibits kids day tractor pull and carnival rides.
MENTIONED IN THIS ARTICLE
Fair
Gary Svenson
Svenson
Fair Board
Broghammer Roofing Co
Cresciani
Syvenson
Kirkwood Farm Foundation Donates Ten Acres to Kirkwood Community
The Kirkwood Community College Facilities Foundation has given ten acres to the college for a new beet testing station. The land lies south of Seven ue Sixth Avenue SW beside the 3 S-acre Kirkwood campus at Cadac Rapids edge. James Luhrs, president of the foundation, announced the gift.
MENTIONED IN THIS ARTICLE
Kirkwood Commmunity College Facilities Foundation
Sevenue Sixth Avenue
Kirkwood
Cadac Rapids
College
Kirkwood Department of Agribusiness and
Nateral Resources
Iowa
Kirkwood Facilities Foundation
James Luhrs
Freight Hike Delay Gives Farmers a Spring Tonic
The Interstate Commerce Commission agreed to delay the 7 percent freight rate hike until April 17, originally set to start April 12. FS Service officials call the postponement a spring tonic for farmers about to begin planting, noting fertilizer, feed, and bulk steel shipments will benefit as supplies should arrive before the increase.
MENTIONED IN THIS ARTICLE
Bloomington
Interstate Commerce Commission
Deecy
Natior
Farmege
FS Service
FS Services
Tallcarn Gus Association names new officers
Richardson Gerke of Holland is elected president replacing George Graham Gilman. John Putney of Gladbrook becomes vice president and Clair M. Bud Mason of Marshalltown is secretary treasurer. Directors elected include Harold Brotherson of Guernsey Honard Evans of Collins and Marshall Massig of Gladbrook.
MENTIONED IN THIS ARTICLE
Marshalltown
Tallcarn Angus Assn
Rischard Gerke
Holland
George Graham
Gilman
John Putney
Gladbrook
Clair M.bud Mason
Dive Harold Brotherson
Guernsey
Honard Evans
Collins
Marshall Massig
Senate Ag Committee Releases Cost Figures
The Senate Agriculture Committee released a nationwide costs of production study for major crops. It compares state average costs with Secretary Butz estimates and conference figures for wheat corn and cotton. Wheat projected at 3 80 a bushel with a 2 56 to 4 13 range. Corn at 1 94 per bushel with 1 82 to 2 42. Cotton at 52 cents per pound.
MENTIONED IN THIS ARTICLE
Senate Ag Committee
Washington Apy
Senate Agriculture Committee
House
Senate
Congressional Agriculture Committees
Agriculture
Earl L. Butz
Kansas
Indiana
Mississippi
Bulz
Herman E. Tallmadge
D-Ga
Red Poll Bull Sets Indiana Price Record
A Red Poll bull consigned by the Pinney Purdue agricultural center Wanatah set a $3,900 price record at the spring Indiana performance tested bull sale in Springville. The 18 month old bull had the highest adjusted 205 and 365 day weights among 52 bulls and was bought by Maurice Sampson of Rensselaer. The sale price was the second highest ever paid for a Red Poll bull at a U S auction.
MENTIONED IN THIS ARTICLE
West Lafayette
Ind
Pinney-Purdue Agricultural Center
Wanatah
Indiana
Springville
Maurice Sampson
Rensselaer, Inc
United States
Also Mentioned on This Page
Ltchy
Urbana
Cedar Rapids
Bill Jones
Winneshiek Fair
Foundation
Kirkwood Farm
Glos Gut Sale
Roger Freeman
Dell
Anes Hon
Tack
Airiques
George Besa
Sulu
Sears
Erereens
Fletzi
Green Pfitzer
Burkie
Seesehy Stock
Grade Roses Regierie
Handy
Estellens Krea
Sears Premium
Saan
Frede
Seary Price
Bay of Rieh
Sears Preto
Himdale Plaza
Webster County
IEBN
Iowa Educational Broadcasting Network
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