Newspapers / The Chowan Herald (Edenton, … / July 8, 1982, edition 1 / Page 15
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Thursday, July 8. 1982 Economists Predicting Tight Cash Flow Problems For Dairy Farmers By Dr. J.W. Pou A reduction in the price of raw milk that became ef fective March 29, “will aggravate the already tight cash flow problems” on North Carolina dairy farms, says a dairy marketing economist at N.C. State University. “Dairy farmers everywhere are having a rough time, and those in North Carolina are no ex ception,” said economist G.A. Benson. In an unusual develop ment, the State Milk Commission announced that the minimum price to farmers for milk utilized in . -■ GE Automatic I Everyday Low Model T-17. COmpßCt Styling. Ik Toast color selector for light or dark. Heavy-Duty Steam LIGHT N EASY® Iron by GE! y 13.88 Low-Price Everyday LoS^ 8 * Model F-63. Super all-metal Low Price s&Avi Pr ‘ Cß \ ifon tha i^ C^. f „ ro .TJi l . rY ,r t ° Model F-310WH. Full ) /MR Model T-114. Extra capacity oven. Top - 1 Seam vents size, lightweight iron. I / brown setting and 200° to 500° heating. W button. 25 steam vents. Cooler to touch. Break W /i "00v,, ra i GE Deluxe TOAST-R-OVEN GE LIGHT N EASY® pf i ipht N EASY® # Full-Size Steam Compact Steam Jplls!g2|| OO Q 0 and Dry Iron CffilSU Mm g * Model T-938. Toaster oven offers 2-slice toasting, «■ / # Si 7/ pop-open door and top-brown settings. b I M I HTbOO GE Continuous Cleaning Toaster^£^^^.^& Everyday Low Price J J Everyday Low Price o[^ Model F-3168L. Full size iron but only weighs /L/ \\mlL\~ jL# uucmB i . A; • . "J BMB B »w 2.6 lbs. Features 'surges of steam'. Water [M/ Vi\vlg/\ gft '- Model F-2038L. Weighs only b4BBB g i^/Olr window. Fast heat-up and cool-down. 1.6 lbs. Aluminum soleplate has Everyday ggji » *TW MlB m<lrJ7 25 vents. Compact, lightweight! Low Price AC . 'py *™ l ™ l Model T-1318. Toast 'it Broil bakes, broils, top browns 4 slices GE Compact —. GE Styling Dryer //yJ/Mh. - ' ' ' - - ' Dryer for You! 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L<>w Prfe. fw-gd^fndte'!' 1 a ' m ° nd C °' o,S ' IIP • <*flSS*' GE ”l^s& S %jgff Model HD-21. Full performance bonnet B B BBA I 'nßr *iSßh dryer adjusts to fit all size rollers, even B B I BW W 'IW r'' : jumbo. 3 heat settings. Compact. , I: |p"'l ver V^ a V Everyday Low Price || I 1 i 1 Model #32. Easy-clean cutter and Modal EC-33. Automatically opens GE 3-Wav Speedsotter l I assembly. Harvest or almond. cans and shuts off when lid is cut. Plus super knife sharptener. Low-Price ... 24.88 I Automatic Grill amd I rJSLWAIttt' o 5n 2 e set Wafflebaker with Browm Skillet with SilverStone®by Gl= GE Home Sentry® Smoke Alarm . _ OO OCI n .1 C QQ 34.88 «PPr-4® 3Z.8» 4 \ V BSS Everyday Low Price \ Everyday Low Price ( \ Me® kl . IV ModelG-4ST. Useasawaffkt \ Mm \ , Model SK-47CAS. Non-stick, no- baker, closed or open grill . \ :\rt«l —\ Model #6201401. scour cleaning High quality cast Closed grilling for cheees ■ \ f \\\y!sSsP>l'l \ Sounds a loud horn aluminum pan for even heat distri- BAh sandwiches, open grilling \ j when smoke enters bution. Lid tilts to 3 positions. Push for pancakes, eggs. \ w chamber. button to eject temperature control. \ Immerse pan for easy cleaning. y Shop Monday Throuch Thursday 9:30 AM. Until 5:30 PM, Friday 9:30 AM. UntH 9 PM, Saturday 9:30 AM. Until 6 PM. Phone 482-3221 Or «2 4533. Class I (fluid sales) will be reduced by 50 cents per 100 pounds for the second quarter of the year. The reduction was from $16.28 to $15.78 per 100 pounds - or from $1.40 to $1,357 per gallon. This is a cut of 4.3 cents per gallon. Continuing studies by Benson indicate profits from dairy farming in North Carolina over the past two years have beat low and most operators have been caught in a cash flow squeeze. Many farmers apparently have stayed in dairying,, even though unprofitable. only because they had no choice. Farm prices generally have been depressed for the past two years, and off • farm em ployment opportunities have been limited. Low prices for utility cows have discouraged dairy herd culling, and milk production has increased substantially to record levels. In 1981 Tar Heel dairymen increased their volume of milk marketings by 21 million pounds or 1.5 per cent as compared with the year before, but Class I or fluid milk sales to con- THE CHOWAN HERALD sumers declined by 30 million pounds or 2.7 per cent, according to preliminary figures from the N.C. Milk Commission. When production outstrips sales, a smaller proportion of farm milk is utilized in Class I and a larger proportion goes into Class II (manufactured products). This means a lower blend price to farmers. The Ninth Carolina Class II price, adjusted monthly, ranged from $12.73 to $12.59 per 100 pounds during 1981, said Neill B. Sinclair Jr. of the Milk Commission staff. The Class I price was raised to $16.28 last July. The proportioA 9 rf*i N.C. milk going into I or fluid use decreased vffom 81.9 per cent in 199 Q to 78.7 per cent last year,, Sinclair said. This decline offset part of the July price increase for Class I. The average blend price received by Tar Heel dairy farmers for their total grade A milk supply in 1961 was $14.88, up from $13.96 a year earlier. Benson said the increase of 92 cents in the blend {nice was inadequate to cover the rise in farm production costs. As a result, he said. most of the state’s dairy farmers ended the year facing difficult cash flow problems. At one time North Carolina had more than 5,000 grade A dairymen. As of last December the number was down to 1,249. The immediate outlook for dairymen is “not en couraging,” Benson said. “Furthermore,” he said, “the dairy provisions of the 1981 farm bill will have a moderating influence on the rate of increase in the North Carolina farm price of milk. Only modest increases can be expected over the next several years.” The Federal Dairy Price Support Program was retained in the new Farm Act, but the levels of support were hotly debated. In the compromise that emerged, supports were approved at these minimum levels: $13.10 through fiscal 1982, which ends Sept. 30, and $13.25, sl4 and $14.60 for fiscal years 1983 - 85 in clusive. Minimum supports will be in effect as long as large dairy surpluses continue and net federal ex penditures for the program exceed $1 billion a year. When and if surpluses are Page 5-B reduced and federal costs go down, higher supports are authorized. Benson said it’s possible that debate on the farm bill will be reopened and changes made to reduce federal expenditures for dairy supports. Such a development, he said, would make the outlook even less favorable for dairy farmers. 350o”-^||p The average adult has 3,500 square inches of skin.
The Chowan Herald (Edenton, N.C.)
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July 8, 1982, edition 1
15
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