Financial Outlook for 74 from the USDA conference
The USDA Outlook Conference in Washington featured C Kyle Randall predicting farm asset values will reach 441 billion dollars in 1974, up 15 percent from the prior year, with farm real estate making up 23 percent of assets and total debt claims at 80 billion, up 9 percent. The debt ratio to assets edges down, and the income to debt coverage is seen near 36 percent by end 1973, up from 1972. Per acre land prices rose about 20 percent year over year, a record, driven by optimism and financing. Farmers continue buying land and investing in improvements, with prices expected to rise but at a slower pace than 1973.
MENTIONED IN THIS ARTICLE
USDA
Washington
C. Kyle Randall
Outlook and Situation Board
Farm Equipment Shortage Forecast As Demand Surges
Local dealers warn of a looming equipment crunch next year as demand rises with land brought back into production. backed by Farm and Industrial Equipment Institute and Sperry New Holland, the survey cites scarce corn planters and tractors, urging farmers to order now to ensure delivery.
MENTIONED IN THIS ARTICLE
Farm and Industrial Equipment Institute
Chicago
Sperry New Holland
Lancaster
Messick
Agway Hess Sees Higher Tobacco Prices From Market Variety
Agway official Mark Hess says farmers can raise average tobacco prices by supplying markets beyond cigar filler buyers. He notes Agway grades all tobacco, enabling buyers seeking specific quality to pay premiums, with advances based on estimated selling prices. The bulk classifies as X-grade. Continued on page 5.
MENTIONED IN THIS ARTICLE
Mark Hess
Agway
Garden Spors
Lancaster
Hess
U. S. Department of Agriculture
Lancaster County Cork and Tobacco Roundups at Farm and Home Center
Farm and Home Center hosts 1:00 p.m. Cork and Tobacco Roundups by Lancaster County 4-H and FFA, followed by a Lancaster County Swine Producers Board of Directors meeting at the same location.
MENTIONED IN THIS ARTICLE
Lancaster County
FFA
Lancaster County Swine Producers Board of Directors
European versus American cigars sparks quality debate
A Lancaster County writer recounts an interview with Bob Nielsen of Sweet Briar Smoke Shop in Intercourse. Nielsen argues European cigars offer better quality with all tobacco content while many American cigars use paper fillers, prompting a test between a European cigar and a cheaper American second. The piece notes personal bias while documenting the comparison.
MENTIONED IN THIS ARTICLE
Bob ‘Nielsen
Intercourse
Lancaster Farming
Bob Nielsen
Sweet Briar Smoke
P. T. Wattell
Red Lion
Nielsen
Warner
Lancaster County
Also Mentioned on This Page
Farm Trends
Dick Warner
Mert Messick
International Harvester
Elizabethtown
Sale Register
Lebanon Co. Dhia
Merry
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