The Hays Daily News from Hays, Kansas on December 19, 1976 · Page 24
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The Hays Daily News from Hays, Kansas · Page 24

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Hays, Kansas
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Sunday, December 19, 1976
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Page 24
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December 19, 1976 PACK 26 HAYS DAILY NEWS Corporate Farming Under Close Scrutiny In Kansas TOPEKA, Kan. (UPI) — Recent Kansas studies indicate growing farm sizes, increasing financial demands and tax incentives have forced many single- owner family farms to incorporate and non-farm corporations to step up involvement in agricultural enterprises. Kansas was the first state to legislate restrictions on corporate farming ana of eight other states' regulatory laws, Kansas' ranks with the most restrictive. But a recent Agriculture and Livestock Committee interim study report found the law has some ambiguities, possible loopholes and no enforcement provisions. Attempts by the 1976 legislature to correct deficiencies stalled. "In relation to the enforcement of the present restrictions placed on corporate farming, the committee finds that many corporations are in violation of both the reporting procedures and the ownership and control of agriculture land," the committee's report said. Under current law, no corporation can directly or indirectly engage in certain agricultural enterprises if it owns, controls, manages or supervises, directly or indirectly, more than 5,000 acres of land. ' No corporation engaged in certain agricultural activity can have more than 10 stockholders. The only exception relates to coal mining companies. At the request of former Attorney General Vern Miller, the secretary of state notifies that office of possible violators of the corporate farming law. Superports Plan Mokes Sen. Johnston Happy By United Press International Louisiana Sen. J. Bennett Johnston said he is -'cautiously exuberant" about federal approval for two offshore oil superports, despite tough environmental restrictions. The Democrat said restrictions contained in a 160-page report issued with the approval notice by Transportation Secretary William Coleman may be too burdensome. "We are cautiously exuberant about the decision of Secretary Coleman," Johnston said Friday. "A final verdict however will have to await a complete study of the restrictions contained in the report. Whether these restrictions are unduly onerous remains to be seen." Johnston, who offered deepwater port legislation in 1974, predicted the project would generate between 15,000 and 20,000 jobs by 1980, the year port backers hope it will be in operation. He said studies show the facility might provide as many as 30,000 new jobs by 1990. Louisiana's facility, to be built by LOOP Inc., will be 18 miles south of Grand Isle. It is expected to handle 3.4 million barrles of imported oil daily and cost more than $700 million. The Louisiana port and a slightly smaller one approved for the Texas coast will be the first American ports capable of handling the world's largest tankers. In Baton Rouge, Gov. Edwin Edwards said the approval was "a wonderful Christmas present for Louisiana and the nation." He said formal awarding of the construction license by the federal government would be in 30 days. The owners of LOOP are Ashland, Marathon, Murphy, Shell,Texa"co and Union oil companies. Under Coleman's proposed license, outside firms would be permitted to buy shares of LOOP whenever expansion occurs. Copies of corporations' annual reports are transferred to the attorney general. The files contain dozens of reports from non-agricultural corporations, family farm corporations and others which, on the face, indicate substantial violations. "There are family farms out there of 7,500 acres or more," one committee advisor said. "They're little dynasties almost like in 'Bonanza'." And there are corporations like Kansas Gas & Electric Co. of Wichita, which reports owning nearly 13,000 acres of land used or usable for farming or agricultural purposes. KG&E reports agricultural assets valued at $3.137 million and land assets of $7.25 million. About 12,000 acres is in Coffey County, the site of the proposed Wolf Creek nuclear generating plant. Attorney General Curt Schneider says the reports are not complete enough to determine, without extensive investigation and without copies of leasing arrangements, the exact nature of agricultural operations. Schneider said a leasing operation may not violate the law. Schneider contends a corporation would have to be directly or indirectly involved in management decisions or actual farming to be restricted by existing laws. Other statehouse attorneys say the courts eventually must determine what constitutes indirect engagement in restricted corporate farming. Under current law, there are only civil remedies for viblations. Give Yourself 'The Tax Saver 9 You have until midnight, December list to put it to work saving money for your future, This year give yourself a gift that keeps giving back year after year until your retirement. The IRA Account from Farmers State. It's the best tax shelter in town. An IRA tax-sheltered account allows you to build for your financial security and enjoy immediate tax benefits by sheltering as much as $1500.00 annually. The IRA plan is designed especially for those persons self- employed or not covered by a qualified retirement program. Your IRA funds will earn the highest rate in our history, insured safe to $40,000.00 by the F.D.I.C. At Farmers there are no fund administration fees to pay. Come in and let one of our Daves, Dave Morgenson or Dave Lyle, answer all your questions before December 31st. THE FARMERS STATE BANK AND TRUST COMPANY HAYS '718 Main at 8th » Free Parking • Telephone 625-6542 MemberF DIC Free As The Air? Gary Klme places a quarter in air vending device as he adjusts the air pressure on the left. Air is no longer free. At least not at Zeklers Arco Service Station in suburban MeKees Rocks, Pennsylvania.; where four minutes of air for your tires cost, or quarter. (UPI Photo) Brooke Wants Tough Ethics Code WASHINGTON (UPI) Sen. Edward W. Brooke, R- Mass., has proposed a tough new code of ethics for senators, declaring that it is time for Congress to clean up its own houses. Rep. Albert Quie, R-Minn., doesn't think it's possible. He recommended that Congress' auditing agency, the General Accounting Office, look into complaints of misconduct, the way a prosecuting attorney does, and let the existing ethics committees serve, in effect, as grand juries. "It is very difficult for peers to investigate themselves," he said. On Friday, Brooke proposed legislation to strengthen and expand the jurisdiction of the Senate Ethics Committee, restore the original five-year statute of limitations on campaign law violations, which Congress reduced to three for members of Congress, and require strict financial disclosure for all senators and Senate employees earning more than $20,000 a year. Brooke told a news conference that while Congress "is always more than eager to investigate members of the Executive Branch or the activities of the business community, it has been remiss in its constitutional responsibility to tidy up its own Houses." He said the legislative branch had plummeted in public confidence surveys because of "the widespread belief that Congress has been unable or unwilling --to investigate and, if necessary, discipline, those members of Congress who have been accused of illegal or unethical conduct." The bill would require an- nual public disclosure of come, assets, liabilities^ business transactions in securities, commodities futures, real estate, patent rights, and other financial data which must be made available to the .public within 15 days after receipt of the report. -^ Financial disclosure reporls now required of senators are sealed in envelopes and kept in the Ethics Committee saf§. To date, not a single envelopfe has ever been opened. •//' OPEN DAILY 9-9 SUNDAY 11-7 SUN., MON., TUES. m SANTAS EX1 IAL AUTO RAMPS Our Reg. 19.88 >88 Pr. 5000-lb. capacity 1-pc. all-steel. 8.88 CB SPEAKER Our Reg. 5.88 — 3 Days Only 3.oo Weather resistant air suspension speaker. Swing-swivel base. CB P.A. Speaker 8.88 4-PC. TUNE GET BAG 'N TEST KIT OR BUCKET Our Reg. OO88 Sa/e OOc 20.88 A«J Price OO IWith 3 testers, timing Select litter bucket, Might, instructions. bag, 2 TON JACK FM STEREO RADIO Our 11.88 OS8 Our 58.88 /IftQfi :: Hydraulic jack. Q Compact "T5f 3-Ton Hyd.Jack,13.88 stereo under dash radio. ' > TIRE AND SERVICE SPECIALS 2 Polyester Cord Plies and 2 Fiberglass Belts YOUR CHOICE — FIBERGLASS BELTED REGULAR OR MUD/SNOW TIRES SERVICES INCLUDE 1. Replica brain linings 2. Resurface drams 3. Pressure bleed hydraulic system 4. Rebuild wheel cylinders II possi- 5. Repack frorll •hill (waring* 8. Instill new hold- down hwdwi'e 7. Adjust brakes (. Inspect lines ind hoses 9. Replace lionl grease seals 10. Road test 4-WHEEL BRAKE JOB Sale Price Brake work done for r ost U.S. cars. £78x14 Our Reg. 37.88 Plus 2.27 F.E.T. Regular Tires 30 £78x74 Our Reg. 37.88 Each Plus 2.27 F.E.T. Mud/Snow Tires SIZES F78xl4 G78»I4 G78x)5 H76xU H78xl5 REG. 38.88 41.88 41.88 43.88 43.88 SUE 30,88 34,88 36,88 F.E.T. 2.43 2.60 2.6S 2.83 2.87 SIZES F78»I4 G78«14 G78xl5 H78.I4 H78xl5 REG. 38.88 41.88 41.88 43.88 43.88 SUE 30.88 34,88 36.88 F.E.T. 2.43 2.60 .1.65 2.83 2.87 All Tires Plus F.E.T. Each Mounting Included — No Trade In Required 4-WHEEL BALANCE Sale Price .— For most U.S. fM, cars. Precision. if For Foreign Cars Excluded BROADWAY AT 29th STREET HAYS, KANSAS

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