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Country Today Newspaper Archives Feb 2 1983, Page 1

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Eau Claire Country Today (Newspaper) - February 2, 1983, Eau Claire, Wisconsin Us a shortens Seaside Pik sign up Date by 20 Days Barron area Farmers wont have As much time to decide whether they will participate in the Corn Seaside or payment in kind programs As they originally thought they would have. The us a last week changed the sign up deadline from March 31 to March la. This new deadline 20 Days Shorter than the original one is for both Seaside and Pik programs. State ass director Kieran Powers speaking at a meeting of District county ass leaders last thursday said Quot the March la deadline is firm. There will be no Farmers who sign up for the Seaside program not Only will receive half of their diversion payment in Advance but they will have until july 15 to pull out of the Seaside program if they want to. However they will have to repay All Advance payments. But Farmers who participate in the payment in kind program cannot pull out of the program once they sign a contract by March la. There is no getting out without heavy penalties like there is in the Seaside program. Or. Powers and Milford Thompson also of the state ass office at Madison also advised area ass personnel that Farmers who intend to Appeal their official yield and bases set by their local county ass offices must have their appeals into their local county ass offices by feb. 15. A postmark by feb. 15 will not be accepted the appeals must by in the county ass office by feb. 15. This will be of interest to Farmers who intend to participate in the Pik program because payments will be made by the government for land taken out of production on the basis of the Farmers bid As Well As his official base and official yield of Corn per acre. Quot we Are urging All Farmers who might want to get into the Pik program to get to their local county ass office fast a or. Powers said. He indicated that most county offices around the state Are saying it is taking about an hour per Farmer to explain de tails of the Pik program. Quot if they wait until the last minute it May be too late a he said. Ass officials pointed out at the meeting in Barron last week that they intend to Quot get very strict on this Means the government will enforce rules on Type and Quality of cover that will be required for All land in please turn to Page 4 the newspaper that cares about Rural life the country today vol. 7, no. 3 february 2, 1983 eau Claire wis. 54701 36 pages plus 83 to be Tough year for state s Farmers Madison Quot the Outlook for 1983 appears to be another difficult year for agriculture a a department economist Mary Gunderson told the state agriculture Board Here last thursday. Despite 1982 reductions in inflation and interest rates total Wisconsin farm debt is estimated to hit an Al time High of 86.5 billion up More than 12 percent from last year reported is. Gunderson legislative Liaison for the state depart in ent of agriculture. The states farm assets Are estimated to be 832.9 billion creating a debt asset ratio estimated at 20 for 1982, according to the report. In other words for every 8100 of assets Wisconsin Farmers owe 820 in debts. In comparison the 1980 National ratio was 17.1. The record debt also Means a i percent increase or decrease in interest rates would equal a corresponding 865 million increase or decrease in operating expenses for state Farmers she said. The report on the states farm credit situation was prepared by is. Gunderson based on phone Calls to area Banks and agricultural lending institutes and by will Dahl director of the Date pm a Bureau of economics and Market development. Additional gloomy statistics in the report include a 8170 million drop in Wisconsin a 1982 farm Cash receipts from 83.87 billion for the first nine months of 1981, to 83.7 billion during the same period in 1982. Wisconsin a Farmland value dropped seven to nine percent in 1982, but held its value better than Farmland in the rest of the Federal Reserve Bank a Chicago District which includes Illinois Indiana Iowa Michigan and Southern Wisconsin. The average decline throughout the fed Mary Gunderson eral District was nearly 17 percent. Interest payments account for one out of every seven dollars Farmers spend on their businesses according to the report. Wisconsin a real estate farm debt was 83.4 billion As of Jan. I 1982 a almost 300 percent greater than the 1970 debt of 8853 million. State non real estate farm debt was 82.48 billion in 1982, four times greater than in 1970. Adequate farm loan funds will be available in 1983, the report predicts but Only Farmers with sufficient equity will qualify for credit causing a soft demand for farm Loans. Interest rates have fallen. Interest. Rates ranged from 12.5 percent to 15 percent on forecast if the groundhog sees his Shadow today who cares if the weather remains for six weeks what it has been National weather service forecasters in the twin cities say the next few Days will be partly Cloudy with Little Chance of precipitation. Lows thursday through saturday will be from 2 to 6 above while highs will be in the Low to mid-20s. Index weather Page 4 Section la Box 570.Page 13 outdoor Birds. Pages 14-15 social 16 horses a. Page 17 country life Page 19 20 want ads pages 29-33 Ann Landers Page 35 farm real estate Loans in the state last year and from 13 percent to 17 percent on operating Loans. Current rates Are 11.75 percent plus Stock at Federal land Banks 12 percent plus Stock at production credit associations and 10.75 percent with the Farmers Home administration according to the report. Quot sources at Many lending institutions feel that interest rates will hold at current Levels or decline further in coming months a is. Gunderson said. About 5 percent of state feb real estate Loans were delinquent As of dec. 31, 1982, compared to 4 percent in 1981. The delinquency Dollar volume is Quot far below the level considered dangerous a the report said. The pm has a delinquency rate was 10.4 percent on its 20,281 outstanding agricultural Loans up from an average yearly delinquency rate of seven percent. F m h a bankruptcies totalled 180 As of november 1982, 127 More than As of november 1981. There were 113 foreclosures up from 82 in the same period in 1981. The report noted that Omha lends to Bor please turn to Page 4 no trip South country today photo by Steve Kunderman a Lone male Mallard swims on the open water of the South Branch of Elk Creek East of Gilmanton in Buffalo county. Ornithologist Sam Robbins writes about wintering concentrations of ducks in his column on Page 15. Lawyers Fine tuning milk Seaside Bill eau Clair state Dairy leaders anticipate a Bill will be introduced in Congress later this week authorizing a Dairy Seaside plan. The Bill would provide Cash payments of 810 for every Hundred pounds of production Dairy Farmers Cut. The number of sponsors the Bill will have is not known at this time although at least four Wisconsin congressmen and additional sponsors from Minnesota and possibly other states Are Likely according to Doug Caruso general manager of the Farmers Union milk marketing Coop at Madison. He admitted in an interview monday that the Dairy situation Quot is somewhat in limbo at the present time partly because the National milk producers federation which purports to represent about 80 percent of the milk produced in the United states is hedging on its support of a milk Seaside program. As of now the Quot official Impf stance is i it supports the milk Seaside concept 2 but it still opposes the 50-cents assessment that Wisconsin backers of the Seaside plan feel is essential because Money collected from it would be used to make milk Seaside payments 3 and the Impf is holding out for a mandatory 15-cents a Hundred checkoff to be used for milk and Dairy product promotion. Wisconsin dairies Coop resident Herb Selbrede of Sparta who also is a National vice president of the milk producers federation was unsuccessful in his attempts to persuade the Naff Board last week to endorse the milk Seaside plan As proposed by a widely based group of Wisconsin farm leaders that crossed traditional political and professional lines. The Impf failed to Muster a majority Board vote in favor of the Seaside plan although there was backing from Many of the Board members. He said it is not reasonable As National milk and Ampi have so far asserted to expect milk Seaside payments and not have them paid by Farmers. Quot in View of the Federal budget problems there simply is no Way we Are going to get a Seaside plan through the Congress if it Calls for Seaside payments to come out of the Federal Treasury or. Caruso said. Quot and anyone who thinks that will happen simply does no to understand the a we have to get some of these cows under Ketchup and pickles As soon As possible. It a a Don Haldeman Wisconsin farm Bureau president according to or. Caruso Quot there a a certain faction within National milk producers federation that is opposed to our plan for political reasons. In Short. National milk is in a Box politically on this the milk Seaside plan is expected to come up when the Impf Board meets again in Washington feb. 9-10. Meanwhile the Wisconsin promoters of the milk Seaside plan have vowed to Quot keep going a because in the words of or. Caruson Quot its the most responsible plan offered so dairymen cannot expect to take the Carrot the Seaside payment without the stick the assessment he added. However he admitted that lawyers in Washington now Are working on a Seaside Dairy Bill that would be acceptable to Many congressmen and senators. Quot one of the potential abuses we must address is How to prevent a Farmer from moving part of a Herd from one farm to the other and claim he Cut production a or. Caruso said. Also he said it would help if the National Farmers Union and american farm Bureau federation came on Board for the milk Seaside plan. But Wisconsin farm Bureau president Don Haldeman was unable to get an outright endorsement from fab leaders at the recent National fab co convention in Dallas. Quot we have to get some of those cows under Ketchup and pickles As soon As possible a or. Haldeman said when speaking to a group of fond do Lac county Young Farmers last week. Quot those who would suggest that an incentive program can be passed without the 50-cents assessment simply Are wrong a he said. If the Dairy Industry does no to moderate its position and agree on a Compromise plan or. Haldeman predicted Quot we could end up without a Dairy Price support and while some Wisconsin no leaders Are looking favourably on a milk Seaside plan they have a problem fully endorsing it because the no nationally is challenging the 50-cents assessment in court. The no now reportedly is sampling its membership in the East and West to determine their attitudes on the milk Seaside plan. In spite of Many Quot ifs or. Caruso remains optimistic because As he said Quot there is growing belief in the Industry that Dairy Farmers will not be Able to have their cake and eat it

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