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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 23, 1986
Page
3
The reporter records harsh Oklahoma wind and oil bust impacts from Woodward to Oklahoma City. He notes a boomtown mindset, drifting landscapes, and resilient locals at the Production Credit meeting, with cautious optimism about endurance amid economic strain and migration.
The House Agriculture subcommittee approved two Farm Bill changes despite Reagan objections, one adding about $858 million to an already costly program. Foley claimed the law would hit farmer income and hurt subsidies. The panel backed reform to compute subsidies using a 1985 yield base and to limit idle-land eligibility rules, with possible offsets via surplus crops and export subsidies.
Lorain County farmers are invited to join the Conservation Reserve Program with early March sign-up. Highly erodible cropland placed in the program will retire from farming for 10 years and receive annual rental payments plus 50 percent of established vegetative cover costs. Participants must plant permanent cover and may face repayment with interest if returning land to production. Contact Lorain County ASCS, 1575 Lowell St., Elyria 44035, (216) 323-1924 for details.
End of season survey confirms 1985 as a banner year for Ohio crops. Corn harvested area reached a record 4,030,000 acres with a 127 bushels per acre yield and 512 million bushels produced. Soybeans harvested on 3,870,006 acres yielded 41.5 bushels per acre for 160,605,000 bushels. Small grains also show record-like patterns though with lower acreage and no total production records.
Expert from Ohio State University will discuss grain livestock and dairy economic outlook at Pittsfield Town Hall on Thursday from 1 30 to 3 30 p m. The session covers domestic and export markets the 1985 Farm Bill implications and farm commodity pricing with a $1 at the door fee and no reservations.
Chicago Tribune reports the Farmers Home Administration plans a three year 490 million program to subsidize interest rates for troubled borrowers. The agency will help banks cut rates by up to 4 percent and guarantee repayment, matching banks dollar for dollar for 1 to 2 percent cuts while delinquency notices go out to 65,000 borrowers behind on payments.
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