Clipped From Beatrice Daily Sun
l-i n A XI• rtbA otticer tells of obligation The farmer who is preparing for tomorrow has a "moral obligation" to produce all the food he can, Federal Land Bank Vice President Raymond Schlader told the annual FLBA stockholders meeting in Beatrice Wednesday night. , Farmers must also keep abreast of new farming technology, stay informed about world markets and crop conditions and take special pains to plan their estates, Schlader said. A sizable crowd of southeast Nebraska Federal Land Bank stockholders turned out for last night's annual meeting at the Gage County 4-H Building. FLBA officials commended the association for its strong financial record during 1973, but shied away from rosy predictions for the future in light of recent instability in the cattle market and the damaging drought this summer. Beatrice FLBA Manager Willis Berry said delinquencies on FLBA loans dropped by about 50 per cent last year. However, he added, the effects of the drought and the livestock market may change that picture this winter and spring. Vice President Schlader. told the Association members to continue to expect a strong demand for farm land, although there are indications indications in some areas that the skyrocketing land prices are stabilizing. The stockholders at the Wednesday night session elected four new directors to serve on the Land Bank Board for the four county area of Gage, Johnson, Jefferson and Richardson. Elected as directors were Allen Frazee of Plymouth, Ora Lee Zimmerman' of DeWitt, LeRoy Bohling of Tecumseh, all three-year terms, and Jerry Fankhauser of Humboldt, one year term. The Board of Directors also chose its leaders for the coming year, electing Delmar Covault of Pawnee City as president and Leroy Bohling of Tecumseh as vice president.