Newspapers / Jones County Journal (Trenton, … / Nov. 28, 1968, edition 1 / Page 5
Part of Jones County Journal (Trenton, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
N. C. Farmers Face Credit Problem; Emergency Loans Offered by FHA Thousands of North Carolina farmers are expected to face fi nancial problems in the coming months as a result of the great drought of 1968. Reports from several offices of the Agricultural Extension Service indicate that farmers are particularly concerned about > getting (derating credit for 1969. The reason for this concern, extension agents say, is because many farmers) are unable to re pay their 1968 loans. It has been estimated that the .drought has cost Tar Heel farm ers about $100 million. Farmers in many areas of the Piedmont' and Coastal Plain have been par ticularly hard hit. Fifty-eight of the kate’s drought-stricken counties have been declared eligible for emer gency loans from the Farmers Home Administration. ' 1 would suspect that these loans are the best bet for those farmers unable to get credit from regular sources,” said D. G. Harwood, extension farm management specialist at North Carolina State University. The loans are for 3 per cent, Harwood explained. They are available in the designated coun ties for those farmers who can not get money from other lend ers and who have reasonable prospects for repayment. £The money can be used, Har wood continued, for essential farm and home operating ex penses, such as the purchase of feed, seed and other supplies. “When financial difficulties such as this arise, many farm ers turn (to merchant credit,” Harwood commented. “Mer chant may sometime be neces sary, but it is usually more ex pensive than other types of cred While the drought has increas ed the need for farm credit, Har wood points out that the farm debt load is fairly low as com pared to that of non-farm busi nesses. One study in 1967 showed that U. S. farmers had assets of $281 billion and debts of about $50 billion. In other words, farm debts amounted to about 17 per cent of farm assets. Non-farm businesses had debts which amounted to 41 per cent of their assets. North Carolina counties eligi ble for the emergency loans from the Farmers Home Admin istration are Alamance, Anson, Beaufort, Bladen, Carteret, Cas well, Chatham, Chowan, Cleve land, Columbus, Craven, Cum berland, Davidson, Davie, Dup lin, Durham, Edgecombe, For yth, Franklin, Granville, Greene, Guilford, Harnett, Hoke, IredeH, Johnston, Jones, Lee, Lenoir, Madison, Martin, Mecklenburg. Also, Montgomery, Moore, Nash, New Hanover, Orange, Pamlico, Pender, Perquimans, Person, Randolph, Richmond, Robeson, Rockingnam, Rowan, Sampspn, Scotland, Stokes, Un ion,., Vance, Wake, Warren, Washington, Wayne, Wilson and Yadkin. A request has been made to add Bertie County to the list. Farmers interested in obtain ing an FHA loan should contact their local FHA supervisor who usually has an office at the coun ty seat. Federal Interest Supplement Available to Rural Home Purchasers Lenoir County’s low-income rural families have a greater chance now than ever before to become homeowners as a result of the new federal interest sup plement plan on home loans, ac cording to Walter L. Pippin, lo cal representative of the Farm ers Home Administration. Pippin said the Housing and Urban Development Act of 1968 makes it possible for the feder al government to apply an inter est supplement payment to rural i housing loans made to low-in come rural families that will low er the cost of 'buying a house. The interest supplement plan on rural housing loans is admin 1 istered through the Farmer^ Home Administration, the U. S. Department of Agriculture’s credit agency. The new plan allows for in terest supplements to reduce the payment of interest on housing loans to as low as one per cent. “This new plan,” Pippki said, “will be extremely helpful in re moving the substandard housing in Lenoir County." The actual supplement a fam ily receives will depend on the owner’s income and number of people in the household. A minimum requirement is that a borrower who does not have enough to pay his loan in stallment in full will pay at least the amount that would be due if the interest rate were 1 per cent. For example, a family with five children and an annual gross income of $3,000 would re ceive an interest supplement of $222 a year on an $8,000 rural housing loan. Prices Will Tumble If Hog Numbers Build Up Too Fast Now is the time to improve rather than expand hog produc tion^ ,?his is indicated by the currenj hog-com situation across the country, according to exten sion specialists at North Carolina State U&iversity. “There seems to be a real dang er that hog numbers may expand too rapidly due to the current situation with com and hog pric "es,” commented Ray Woodard, animal husbandry specialist. “The conditions seems to in dicate that the temptation, would exist to expand since com pric es are relatively low aid hog prices are at favorable levels,” he added. Any over-expansion could lead to “disastrously low hog prices next spring and summer.” Woodard pointed out that the June U. S. Department of Agri culture pig crop report predicts ed a 2 per cent increase in the fall pig crop. “There is reason to believe that this estimate is conservative,” he said. These pigs will be coming to market from December 1968 through June 1969. pigs would be going to market July through December of next year; * The National Pork Council uses a formula which figures a 1 ,per cent increase in hog numbers reduces hog prices 3 per cent. Assuming an $18 market now for market hogs, a 2 per cent increase could reduce the mark et price 8 per cent to about $17. A 5 per cent increase would re duce the market price 15 per cent to $15.25 hogs next sum mer. Most farmers cannot break even at this price,” Woodard noted. In order to make the most of the Current and anticipated market conditions, Woodard makes these suggestions for pro ducers: —Cull sows with poor produc tion records while prices are good. — Replace culled sows with top quality Buy better boars prices are lower. — Watch market trends. Grow ers may want to chnsida* sell feeder pigs next spring ra • than feeding to market while In this example, the family’s monthly payments of principal and interest on an $8,000 loan amortized over 33 years would be approximately $24. Pippin said Farmers Home Ad ministration would review inter est supplement agreements ev ery two years with borrowers. If necessary supplements will be adjusted at renewal time, based on the borrower’s income and family size. Farmers Home Administration rural housing loans are made to applicants who are unable to obtain the required credit from other sources. Further information on the interest supplement plan can be obtained at the Lenoir County office of the Farmers Home Ad ministration in the Federal Building, East King Street, Kins ton. Airman Hamilton Completes Basic Airman Franz J. Hamilton, son of Mr. and Mrs. Earl M. Hamil ton of route 6, Kinston, has com pleted basic training at Lack land AFB, Tex. He has been assigned to Ft. Lee, Va., for training as a food services spec ialist. Airman Hamilton is a 1967 graduate of North Lenoir High School. IMPROPER PAPA POPPED In Kinston Recorder’s Court last week Jesse Janies Green was tried on two charges of non support. One for his legitimate child and another that he had sired out of wedlock. He was given three months in each in stance, suspended on payment of $5 per week for each child. He thought that a trifle severe and filed notice of appeal to superior court. SCHOOL ROOM VIOLENCE Last week in a class room at Adkin High School Lloyd Dove, 16, of 23-C Carver Courts Kins ton, hit Harry Bellinger of 8-C Mitchell Wooten Courts over the head with a section of iron pipe. Bellinger remained unconscious for more than an hour, but is reportedly n<rw recuperating sat isfactorily. Dove was charged with assault with a deadly weap on with intent to kill. months. High quality breeding stock should be bought next summer when prices are expect ed to be considerably lower. Doctor in the Kitchen* by Laurencq M. Hursh, M.D. Consultant, National Dairy Council SO BE IT RESOLVED So be it resolved that during the coming year you will not: 1) drink too much, 2) eat too much, or 3) sit around too much. How many years have you said that? Too many perhaps, you ad mit with a groan. Well, lots of men are finding that they can eat and drink al most as much provided they are more active. Jogging is getting more and more, popular around the country. Certainly the more you exercise the less you might have to cut down on overeating and drinking. Women find that taking ballet, or going to the “Y” for regular exercise and indulging more in sports helps control weight. it may oe amusing, in a way, that a major nutrition problem in the United States is that people eat too much. It results from the tremendous system we have in this nation for food production and distribution. Plus our afflu ence. It is ironic, however, when you think of people in our midst who do not get enough to eat or, for that matter, the millions of starv ing people overseas. For our own good, we could use more personal discipline. Maybe like the Spartans of old. So, in detail, what are some of the things we can resolve for this coming year that will make nutrition senpe? First, if you’re overweight, see your doctor and get on whatever regimen he prescribes and stay with it He’ll know what’s best for you. If you are not overweight, your diet is undoubtedly at the right calorie level for you. But is it in as good balance as it might be? I don’t want to be fussy. But you should be getting two or more servings each day of meat, poul try, fish, eggs or cheese. You should also be getting four or more servings of fruits and veg etables — and four or more serv ings of enriched or whole grain breads and cereals. Adults should be consuming two or more glasses of milk per day; teen agers and pregnant or lactating women four or more glasses; three or more glasses for chil dren. If your family is typical, some members may be neglecting breakfast. Try to get them to have breakfast. They’ll feel better. Read labels when you buy food. You’ll be more knowledgeable in your purchasing, more aware of where your money is going. Prepare foods to conserve their food value and their greatest ap petite appeal. Here are some tips: Cook vegetables close to the time of serving, not earlier; and tightly covered in as little water as pos sible. Cook only until tender. In general, cook high protein foods such as meat, poultry, eggs and cheese at moderate or low tem peratures. Use meat drippings and juices as flavorings for veg etables and other dishes. HOME ECHOES ? — Is there a difference in whipping and beating egg whit es? Ves. To whip whites —• use a wire whip and use long, easy strokes to enclose the cold air. To beat whites — use a “Dover” egg beater and beat until stiff and dry. This beats out the air and is best for icings and meringues. ? — How can I keep sheer fabrics from puckering when stitching on the machine? Sheer and stiff fabrics such as taffeta can be sewn by placing a one inch-wide strip of paper under the seam line while stitching. ? — Can household sponges be treated to help them stay fresh longer? Keep household sponges fresh by soaking them in'cold salt water from time to time. ? — What causes small cracks to appear around surface units on kitchen ranges? This might occur from cleaning while the porcelain is hot. Wait until it’s cool, because procelain enamel is glass fused on steel and is breakable if misused. Use mild soap and warm water. Avoid cleaning ' powders and harsh abrasives that may scratch ena 1 mel finish. ? — Why do you suggest that I let metal cake pans cool before washing? This helps prevent warping of the metal. SIX QUICK DIVORCES Monday as a mixed term of Lenoir County Superior Court got underway six quick divorces were granted on separation grounds. Those legally separat ed were Magdalene Moore from Walter Moore, Thomas Outlaw from Lillian Outlaw, Beverly Ed wards from Joseph Edwards, Martin Roberts from James Ro berts, Bracie Meadows from Donald Meadows and William Fields Jr. from Lois Fields. CLASSIFIED HELP WANTED $17,000 PLUS REGULAR CASH BONUS for man over 40 in Trenton area. Take short trips to contact customers. Air mail R. A. Dickerson, President, Southwestern Petroleum Corp oration, Fort Worth, Texas 76101. J—11-28; 12-5 I DON'T SACRIFICE LIVES WITH WORN-SUCK TIRES I ALL SIZES! COMPLETE SELECTIONI | C. A. BATTLE & SONS P. O. BOX 246 — COMFORT, N. C. "A Complete Tire Recapping Center" Phone Richlands Ext. 324-4234 Kinston Swansboro 1406 Richlands Road Hwy. 24 W-?: v Phono 326-4929 Richlands Road MM 523-5015 m
Jones County Journal (Trenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 28, 1968, edition 1
5
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75