18 Feb 1976
Page 1
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Newspaper
Opinion Tribune
Location
Glenwood, Iowa, United States of America
Date
Feb 18, 1976
Page
1
A collage of archaic local items recounts unsettled debts, auctions, and legal actions. It notes claims over Indian wars costs, jail items like stoves and bedstands, fires, livestock control, and a Cleveland embezzlement case. The piece preserves names and places in a mosaic of era details and community notices.
Craig Place owned and operated by Guy and Diane Craig is a men’s and women’s specialty and jean shop, promising to be exciting. Wolf Bros Western Store, owned by Joe Kirshenbaum, carries a complete line of finer quality western wear for men, women and children.
Iowa Fifth District Rep. Tom Harkin urged Agriculture Secretary Earl Buzz to raise the loan level for corn saying the current $1.10 per bushel is inadequate as corn acreage climbs toward an all time high. Speaking in Emerson to Mills County farmers he argued a higher loan level would let farmers store more on farm and wait for better market prices later in the season. The Emerson visit was part of eight district stops to discuss agriculture legislation before the House Agriculture Committee.
USDA data indicate farm costs and food prices rose in 1975 while farm receipts held steady. Three fourths of the $126 rise in a typical family's annual food bill came from higher middleman charges, with the middleman share up 9.1 percent. The farm value of the 65 item market basket was $783 for the year, up 4.7 percent from 1974, as middleman costs eat into shoppers' dollars. Farm folks tout efficiency gains from knowledge and tech, calling food producers inflation fighters.
Farmland values rise and farmer millionaires appear yet most families keep farming. Tax rules and high estate taxes threaten continuance as development prices push land sales. The Burleson Bill would raise the federal exemption to 200000, aiding farmers who wish to keep farms rather than sell. The debate contrasts with Ford’s plan for loaned tax payment. Smart shoppers check all the ads.
University of Missouri agricultural economists report limited partnerships or funds have funneled millions into farming, especially cattle feeding and eggs, converting income to capital gains and deferring taxes. Critics say these shelters drain federal tax funds and burden middle and lower income groups while officials debate a two-year act with a temporary task force.
Senator Hultman notes Senate File 1062 would freeze local subdivision budgets initially. He opposed the bill but supported an amendment to restrict limits to property tax revenue areas. The amendment would permit pass through of federal revenue sharing funds debt service and any bond issue approved by referendum.
A fragmented list of individuals and towns including Glenwood, Pacific Junction, and Emerson with numerous car makes and models such as GMC, Ford, Chevrolet, Dodge, Buick, Oldsmobile, Honda, Volkswagen, and Jeep. Mentions names like Sherrill Dashner, Clarold Rogers, Robert Stroud, Eugene Loftis, Francis Prax, and others among various dealers and pickup or sedan notes.
The Glenwood Community Chamber of Commerce hosts the Town and County Breakfasts for farmers and businessmen. The Feb 27 event at Pacific Junction Methodist Church features KMA director Andy Anderson as speaker at 7 a.m. Reservations to 527-3298 or 527-4500. Co chairs Luther Gammon Allan Christensen Hob Palmquist.
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