State deficit shocks readers with Iowa comptroller report
The October report reveals a 5.5 million state deficit for the year ending June 30, aided by 19.1 million in anticipated revenue and higher refunds. Governor Ray defends the accounting, while Democrats question the move. State Sen. Tapscott launches a Democratic bid for governor, arguing for a new, inclusive political platform. Iowa Supreme Court Justice Stuart named as federal judge nominee. confirmation pending. Farm Bureau notes 2.9 billion valued agricultural land, about 40 percent of state property valuation.
MENTIONED IN THIS ARTICLE
Marvin R. Selden, Jr
Selden
Remer County Extension Calendar of Events
Hobby Fair at Faith United Church Educational Building October 21 from 10 a.m. to 9 p.m. County 4-H Council Meeting October 21 at the Extension Office 7 30 p.m. Skating Party October 25 at Rollerdrome Cedar Falls 7 30 p.m.
MENTIONED IN THIS ARTICLE
Faith United Church Educational
County
Cedar Falls
Moisture Discounts for Corn in Iowa Fall Market
Extension economist Bob Wisner of Iowa State University notes moisture discounts for No. 2 corn in Iowa fall around 2 cents per point above 15 percent. A 23 percent moisture corn would incur a 16 cent per bushel deduction. Discounts vary over time and storage options are discussed by Dale Shire's county extension director.
MENTIONED IN THIS ARTICLE
Dale Shires County Extension
Iowa
Bob Wisner
Iowa State University
Wisner
Moisture, drying, and storage options for 1971 corn
Wisner explains how high moisture corn affects costs and profits at harvest. Drying costs and potential weight loss reduce returns, while drying can be advantageous if prices hold near 90 cents and moisture discounts rise later. Storage loans, reseal payments, and futures hedging offer price protection through 1973.
MENTIONED IN THIS ARTICLE
Wisner
USDA
Agricultural land and buildings lead 1971 property taxes
The Farm Bureau notes agricultural land and buildings accounted for two thirds of assessed property valuation and about 65 percent of total property taxes in 1971. In 1970 agricultural value exceeded combined mercantile, industrial, personal, and public utility valuations by 450 million, being 4.5 times mercantile, eight times industrial, and four times public utilities.
MENTIONED IN THIS ARTICLE
Farm Bureau
Bee offering price and loan rate for corn storage
The article notes a recently offered price structure including a 3 4 4 cent rate tied to a crop loan for corn storage. It mentions potential pricing expectations and future sale timing, but the text is fragmentary and unclear on specifics.
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