Peckham Tries To Lead Wichita FCS Into Black
Vern Peckham, 57, chief executive of the four state 8th Farm Credit District based in Wichita, sets a plan to restore profitability by end 1989. He faces $698 million in bad loans, largely in the Land Bank, amid declines in farmland values and slow farm economy, and seeks forbearance and restructures while expecting possible federal aid later.
MENTIONED IN THIS ARTICLE
Wichita, Kan
Vern Peckham
Wichita Farm Credit Services
Arkansas River
Hunter
Okla
8Th Farm Credit District
Farm Credit
Kansas
Oklahoma
Colorado
New Mexico
Omaha
Peckham
Wichita Bank For Cooperatives
Federal Intermediate Credit Bank
Federal Land Bank
Land Bank
Arizona
Phoenix
Flagstaff
First National Bank of Arizona
Republic National Bank
Dallas
Sion
Hahnco Cos
Sam Eberly
FCS
Wichita
Congress
Farm Bureau pushes $3 billion Farm Credit bailout plan
American Farm Bureau Federation proposes a 21 point rescue for the Farm Credit System amid losses of about 1 billion dollars monthly in loan volume and 400 million in quarterly capital. The plan envisions a five member Financial Assistance Commission, a Treasury line of credit, debt restructuring, guaranteed stock, and a shift back to generally accepted accounting principles.
MENTIONED IN THIS ARTICLE
Dean Kleckner
American Farm Bureau Federation
Farm Credit System
U.S
General Accounting Office
Congress
Farm Bureau Federation
Kleckner
Financial Assistance Commission
Farm Credit Administration
Secretary of the Treasury
Secretary of Agriculture
The
Treasury
Frank to Head Wellsville Bank
Arlan Frank is named president of Wellsville Bank by the board at its April 15 meeting. He succeeds Richard L. Moherman who remains chairman, with Moherman handling investments, budgeting and public relations. Frank, a Kansas State graduate, previously worked 13 years in the Farm Credit System and joined Wellsville in 1983 as executive vice president.
MENTIONED IN THIS ARTICLE
Arlan Frank
Wellsville Bank
Frank Wellsville
Ottawa
Frank
Richard L. Moherman
Kansas State University
Farm Credit System
Moherman
Bank
Loan levels may be too low to boost exports
Wichita AP report on a congressional subcommittee hearing where Ag economist Abner Womack of Missouri questioned federal crop loan levels as too low to lift U S grain prices internationally. Rep Dan Glickman backed the idea, noting higher loan rates could cut deficiency payments and program costs. Subcommittee members and Kansas farmers urged protections for farm income while considering cuts to farm program expenses.
MENTIONED IN THIS ARTICLE
Wichita
Kan
U.S
Congressional
Abner Womack
University of Missouri
House Agriculture Committee
Womak
United States
Congress
Dan Glickman
D-Kan
Womack
Glickman
Pat Roberts
R-Kan
Dave Nagle
D-Iowa
Tim Penny
Dminn
Charlie Rose
D-N.c
Subcommittee
Kansas Agriculture
Sam Brownback
Beef Forage Field Day At Parsons
Parsons hosts the annual Beef Cattle and Forage Crops Field Day on Friday May 1 in the Southeast Kansas Branch Agricultural Experiment Station headquarters. Registration opens at 9 am. Researchers will cover sprouted milo feeding value old world bluestem forage value CRP implications grazing on fescue varieties and related topics with scientists from the Southeast Branch Station Kansas State University extension and private industry presenting and answering questions.
MENTIONED IN THIS ARTICLE
Parsons
Southeast Kansas Branch Agricultural Experiment Station
Lyle Lomas
Lomas
Kansas
Southeast Branch
Kansas State University
Kansas Wheat Recovers From April Frost
Topeka Kansas wheat is recovering as warm weather returns after light to moderate frost in early April with few stands sustaining permanent damage. Kansas Agricultural Statistics reports most stands should not suffer permanent harm, noting 70 percent of the wheat reached jointing this week versus 80 percent a year ago and an average of 40 percent.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Kansas
Kansas Agricultural Statistics
Kas
Also Mentioned on This Page
Wichita Fcs
American Farm Bureau
Washington
Federation
Gramm. Rudman
Brownback
State Board of Agriculture
Roberts
Kansas Wheat Commission
Kansas Association of Wheat Growers
Kansas State University Agricultural Economists
Ivan Wyatt
Kansas Farmers Union
America
Floyd Frank
Low
Shoe Fit Company
South Mon Street
Franklin County
Roger Keith
Utilities Department of
Utilities Department
Ottawa Utility Department
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