Newspapers / Jones County Journal (Trenton, … / Nov. 26, 1970, edition 1 / Page 4
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by L H. Fountain Thirty years ago it was pos sible for a man to get a start in fanning for less than $1,000. Today that doesn’t even begin to (pay the startng cost. According to the Commission on Agricultural Credit. It takes something like $250,000 to es tablish a farming operation that ■will provide a good living for a farm family — decent housing, clothing, transportation and ed ucation. $250,000 may sound a little high for a good efficient smaller farmer in our area, but no longer can one just suddenly decide he wants to farm and make a living at it. Those days are gone forever. Clearly, farm ing has .become big business. - Fanning today doesn’t require as much manpower as it did a few decades ago, and that’s a welcome development. Mech anization, electric power, com mercial fertilizers, new crop va rieties, and weed and pest kill ers have all helped to achieve this. But the amount of capital required to do an adequate job of farming has gone way up. The experts tell us that na tional growth in the next ten years is going to continue at a healthy rate in all areas of life — in business and industry as well as agriculture. Conse quently, a lot- of liew farm cap ital will be needed and most of it will have to be borrowed, and from all appearances at high in terest rates. Although we are the wealth iest soceity history has ever hnown, it should be remember ed that we are still far from being wealthy enough to do everything we want to do all at once, and to do it out of cur rent income. • This means, I'm told, that the credit crunch affecting fanners and everyone else will continue for some time to come. And so tight money is just one mure big problem facing farmers in addition to all the others they have. . , Agriculture statistics over the last two decades show how far. mortgage, debt has grown. In 1947, America had about 6 mil lion farms with roughly 26 mil lion people living on them. The total farm mortgage debt was $4.9 billion. Today we have nearly 3 mil linn .farms with only 10 million people living on them . but the total farm mortgage debfeis $28.7 billion. This indebtedness is good or bad, depending upon farmers’ accomplishments. In fact, very few businesses ever got going or became substantial without borrowed money at one time or another. Responsible borrowing like responsible spend ing has helped in building Am erica. But, whether wise or not, that’s the way many American farm ers have kept going — by in creasing their mortgages. They have borrowed again&t rising land values in order to get vital ly needed machinery and other equipment, as well as to pay for their children’s education and to improve their living condi tions. In too' many instances they have had to use up their capital investments because of JARMAN FUNERAL HOME • Where Your Trust Is Sacred And Your Wishes Cared For ... . Dial J A 3-5143 Kinston, N. C. Close 1 p.m. Saturdays isfeii4t‘. Fnantdf Kinston Home Plumbing Service Center PLUMBING REPAIR PARTS FOR HOME AND SHOP SCRUB PAILS MOPS inadequate income. between 1958 and 1968. It’s still going up. Consequently, we need to do some serious thinking about how farmers will finance their opera tions if investment nedds keep on growing like they have. Is it possible that one day it may take as much as $1 million to go into farming? Where will this money come from? And what will happen to those farmers who can’t get it? These questions must be satisfactorily answered not just for farmers but for the good of all Americans. Agriculture is, comparative ly speaking a newcomer on the national credit scene. Most farm loans are still made by individ duals, not by regular lending in stitutions. But, farm economists expect this situation to change in the future as farming seeks vast new sources of capital. Our farmers must have ade quate supplies of the credit they need. The nation cannot afford otherwise. Our people in the cities, towns and hamlets of Am erica must also be fed and cloth ed and housed. If farm financ ing is not forthcoming from private sources, it will have to be provided by public sources. The nation’s leaders must re member that the farmer can af ford to quit,, but the cunsumer and the country cannot afford to have him do so. BEST ON YOSEMITE Seaman Apprentice Harold L. Best, son oi Mf.' and Mrs. IJer man Best of 208 W. Boundary St., LaGrange; recently complet ed a month long training exer cise aboard the. destroyer tend er USS Yosemite in the Atlantic. The Yosemite now resumes her regular duties as the principal repair facility for ships of the Atlantic Fleet Cruiser-Destroyer Force out of Mayport, Fla. IKE KOONCE TO MONTANA Airman Isaac C. Koonce Jr., son of Mrs. Bertha M. Koonce Oil] Trenton, lias received his first Air Force duty assignment after completing basic training •at Lackland AFB, Tex. The air qian has. been assigned to a unit of the Strategic Air Command at Malmstrom AFB, Mont., for train ing and duty in the civil engi ! neering field. Airman Koonce is a 1969 graduate of Jones High School. What we need for our happi ness is often dose at hand, if we knew how to seek it. - «outhkrn railway Jgjj Vital Statistic for August Births Deaths lips v>«Art4; • • r r-A/ ''-' , ‘ OTaI am. Infant Deaths .(under 1 year) Fetal Deaths (stillbirths) es spi 127 456 319 Divorces and Annulments ' ■ • ' • • V Deaths from Selected Causes Diseases of the heart (all forms) 1,309 Cancer (total) V 505 Cancer of trachea, bronchus andlung Cerebrovascular disease (includes stroke^ Accidents Motor vehicle 169 All other 150 Diseases of early infancy 143 Influenza and pneumonia 85 Bronchitis, emphysema and asthma 59 Arteriosclerosis (hardening of arteries) 51 . . 1 Hypertension (high blood pressure) 10 Diabetes 64 Suicide 49 Hoihicide 58 Cirrhosis of liver 39 Tuberculosis, all forms 6 Nephritis and nephrosis (certain kidney diseases) 29 Infections of kidney Enteritis and other diarrheal Tiiseases (stomach and bowel inflamations) Ulcer of stomach and duodenum Complications of pregnancy and childbirth Congenital malformations Infectious hepatitis August Year to Date 9,088 64,060 29,977 1,569 1,068 32,818 'i 8,690 3,702 196 132 5,094 1,207 W #: All other causes i 21 8 13 4 28 386 10,772 4,435 851 3,615 2,158 1,074 1,064 924 -j,. l,195v 474 411 156 557 356 403 393 99 164 182 64 91 19 299 7 3,203 Marriages, divorces and annulments are by place of occurrence, all other data are by place of residence. Mrs. Alex Higgins Hostess to, Oak Grove Home Clobbers November Meet Oak Grove Homemakers dub met for their November meet ing at the home of Mrs. Alex Hig gins. In absence of the Presi dent, Mrs. Vauce Griffin pre sided. Devotional was given by Mrs. Nannie Scott. The program was presented by Mrs. Sallie Sykes, “The Later Years.” Roll call showed 7 members present, 1 new member and 1 viator, ROBBERY CHARGED Last Wednesday Cleveland Can non of 632 East Washington St., Kinston, was charged with the October 27th mugging of David lewis of 7181% E. Washington Ave., who allegedly was robbed of $80 by Cannon in the Inci dent ■ -'T: Oak Grove Club won the prize for the best report turned in this year. Mrs. Vance Griffin won the prize for the most rib bons won at the fair. Leader reports were given by 'Mrs. Sallie Sykes on Family In come and Mrs. Nannie Scott on Man Made Fiber. Everyone was asked to keep a record -each month of what they do and all county and out of-county meetings. It will ihake their yearly reports easier to fill out. o - The chairs and some clothes and magazines have been de livered to Cherry IJospital from Oak Grove Club. It was voted to send a donation from this dub to the 3 forgotten patients of Jones County at Cherry Hospital- » There was one book reports; turned in. , The Christmas Party was dis cussed. ' Christmas Idea will be held A song
Jones County Journal (Trenton, N.C.)
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Nov. 26, 1970, edition 1
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