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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Aug 22, 1959
Page
13
The Farmers Home Administration notes banks supply most production credit to Pennsylvania farmers. Banks increasingly offer intermediate-term loans for machinery, equipment, livestock, and land, with one third of other bank loans extended longer than one year. Wool output in 1959 rises 4 percent despite 5 percent drop in sheep numbers.
Local farming paper sees reader interest in classified ads and promotional insertions as farmers seek market pricing, seed deals, and equipment specials. Advertisers cite steady response from growers seeking timely offers and community business exposure.
Pennsylvania banks held the largest farmer loan portfolio on January 1, led by $161,728,000 in total loans. Production loans totaled $83,317,000 and agricultural mortgages $78,411,000, per Stanley Musselman of the Lancaster County Agricultural Representative and president of the County Agri Council. Other lenders included insurance companies $9,043,600 Federal Land Banks $25,869,000 Production Credit Associations $20,317,000 and non real estate plus real estate loans $19,354,000.
Burling's Hatchery presents eight top strains for poultry needs. Leghorns and Sexlinks praised for uniform eggs and strong layers. Includes Carey Leghorns, Golden Sexlinks, Cobb White Rocks, and other crossbreds with high egg or meat production. Phone Oxford 286 for orders.
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