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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Jul 14, 1973
Page
5
The USDA reports about 20,000 farm corporation tax returns filed in 1968 show average assets of 317 000 dollars and receipts of 266 000 dollars with 16 500 dollars in unspecified income or deductions.
A USDA ERS study shows farm corporations filed under 1 percent of 3.1 million farm tax returns in 1968, up slightly from 1957. Most gains came from firms with 10 or fewer shareholders, many from earlier sole proprietorships or partnerships after a 1958 tax rule change.
Extension entomologists warn that armyworms invade forage and small grain crops when cool wet weather favors them. Early detection and full foliage sprays with Malathion are advised, with six worms per square foot triggering treatment and local agents guiding timing.
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