Milk Diversion Plan Likely Alters Dairy Bank Payments
Area dairy farmers in the paid milk diversion program starting Jan 1 1984 may share diversion checks with lenders. Banks expect existing monthly milk assignments to persist as farmers cut production, with quarterly diversion payments used to cover any shortfalls. ASCS indicates it will allow deductions from diversion payments for bank assignments.
MENTIONED IN THIS ARTICLE
Ers
Mr. Missling
Schleusner
Mr. Vine
ASCS
PIK hits profits of CENEX farm supply co op
CENEX officials at Eau Claire told directors that net profits for the 1983 fiscal year fell to 2.7 million from 15 million in 1982, hurt by the payment in kind program reducing fuel and fertilizer sales. Despite weak year, executives projected 1984 profits could approach or exceed 1982 levels with higher volumes and cost cuts, while outlining expectations for rising farm income and easing debt to support a rebound.
MENTIONED IN THIS ARTICLE
CENEX
Eau Claire
Noel Estenson
Great Falls
Mont
Spokane
Wash
Estenson
Western Wisconsin Cenex
The
Country Today
Eastenson
Purebred breeders wary of sale rules in dairy program
Dairy and purebred cattle breeders weigh the paid diversion plan, fearing sales restrictions will bar nonparticipants from selling registered cattle. Key producers like Tom Morris of Amery and Roy Hitts oppose participation, citing loss of freedom and market limits. Others cite feed costs and timing concerns, while some directors see potential if buyers pencil out economics.
Economist predicts nationwide dairy cuts from new program
UW Platteville economist Robert Cropp told the State Farm Bureau meeting that if participation is strong, milk cow numbers could fall by about one million. He forecast a near 4 percent drop in national milk output and a 6 to 7 billion pound reduction of dairy surplus, with Wisconsin farmers showing high uptake. He warns the program ends in 1985 and agency sympathy will be limited for continued high production.
MENTIONED IN THIS ARTICLE
Robert Cropp
Uw-Platteville
State Farm Bureau
Dr. Cropp
Don Haldeman
Wisconsin Farm Bureau Federation
Haldeman
Also Mentioned on This Page
Reagan
Ray Wagner
Washington, D.C
Wagner
Adminster
Larry Schleusner
First American Bank
Colfax
Bob Missling
PCA
Barron
PCA Barron
Pca-Barron
IASCS
Gunderson
Gordon Vine
Bank of
Neillsville
Clark County
Col
Wisconsin
PIK
Fortune Magazine
U.S
Farmland Industries
Ag Way
USDA
Federal Reserve Board
Montana
Wyoming
Laurel
Billings
Tom Nelson
Nelson
Washington
Minnesota
Cenex Agricultural Chemical
Ag Chemical
Noel Eastenson
Secretary of Agriculture
Tom Morris
Amery
Morris
Mr. Morris
Henry
Sonny
Bartel
River Falls
John Selz
Humbird
National Holstein Association
Richard Krutschke
Chuck
St. Croix County
Kritschke
State Holstein Breeders Assn
Roy Hitts
Fort Atkinson
Mr. Hetts
Niles Wendorf Sr
Ixonia
Wendorfs
Economist
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