Jackson County Banner from Brownstown, Indiana • Page 8

ft THE. JACKSON COUNTY BANNER. Vursday. September 18. 1997 BISIilSE REAL ESTATES USDA Crop Report Shows Little Change Design Has Refined Exterior lower market after a bullish report, it's telling you something major has happened.

It's that harvest is starting, we're going to see some harvest selling, so some of this concern will be relayed on to later In the harvest season. But in the Initial part of the harvest, we're likely to see some pressure as we usually do." The Supply and Demand report, also released Friday, indicated huge worldwide demand, as it Is in the U.S. Even though soybean production was increased 2 million bushels, carryout was decreased by 19 million bushels. Exports and crush were increased. In world supply and demand, there was a significant reduction In soybean ending carryout stocks, reflecting a huge soybean and soybean products demand.

Corn carryout was increased by 17 million bushels, but it was done by lowering U.S. exports by 25 million bushels, solely because China has been exporting corn. "My feeling still is that China is exporting old, rotten corn of poor quality and later on they'll import corn," Miller observed. "But right now, USDA says we have to look at what's happening now. 'China is exporting, so we're going to lower our exports'." Miller said later this winter the big surprise could be In the corn market.

Traders now will turn their attention to the weather. "No frost is forecast for the next 10-20 days, so we should have a good harvest," he said. Miller thinks the trade will focus on the beginning of harvest. Soybeans start full-swing in a week or two, corn in a couple more weeks. "If you start seeing lower test weights on the corn, if you see the yield is not coming in quite as high, watch out demand is huge," he said.

Week's Closings: Dec. com, down 14 cent; Nov. soybeans, down 9-1 4 cents; Dec. wheat down 19-14 cents; Oct. hogs, $70.75, down 2 cents; Oct.

cattle, $69.42, up Nov. feeder cattle, $81.95, up $1.53. Conservation Reserve Signup Oct. 14-Nov. 14 U.S.

Agriculture Secretary Dan Glickman recently announced that the next Conservation Reserve Program (CRP) general signup will be held during a five-week period from Tuesday, Oct. 14, through Friday. Nov. 14. In USDA service centers across the nation.

This is an opportunity for landowners to participate in a cost-effective, voluntary program to improve their land, water, and wildlife resources," Glickman said. "Many landowners have not participated In CRP in the past Now they will have another chance to do so. "Applicants should be aware that CRP is a highly competitive program and that the Environmental Benefits Index (EBI) system was changed for this sign-up to address concerns arising from the 15th sign-up and to better protect the nation's natural resource base," said Glickman. "I encourage applicants to find out about the EBI well in advance of Nov. 14 and to consult with USDA experts locally on steps they can take to maximize EBI points.

Landowners who do this have a higher likelihood that their acreage will be accepted." The EBI's wildlife habitat factor Is revised to recognize the benefits attributable to vegetative covers planted to address the habitat needs of specific wildlife species. USDA also modified the EBI's air quality factor to reflect more accurately wind speed, moisture conditions, particle size, organic material, volcanic, and organic soils. Other minor revisions also were made. "We want to make sure every potential applicant has the information he or she needs to make an informed decision," Glickman said. "We will be holding public informational meetings and making other efforts to get the facts out to landowners in plenty of time before the sign-up begins.

"This also will be an opportunity for landowners whose contract offers were not accepted in Sign-up 15 last spring and those with contracts expiring this fall to meet new contract offers." USDA will continue to evaluate and rank all eligible CRP offers using an EBI based on the potential environmental benefits from enrolling the land in the CRP. "Decisions on the EBI cutoff will be made only after Sign-up 1 6 concludes," Glickman said. "And we may not use the same cutoff that we used In the 15th sign-up. We decide the cutoff after analyzing the EBI of all the bids. Those who would have met previous EBI thresholds are not guaranteed a contract this time around." Approximately 27.8 million acres will be under CRP contracts on Oct 1.

Just over 4.8 million acres are under contracts that expire next year on Sept 30. USDA is authorized to maintain enrollment of up to 36.4 million acres. Except under special circumstances, CRP rental rates will be based on local land rental rates, just as they were for the 15th sign-up, which was held last March. Landowners should contact their local Farm Service Agency or Natural Resources Conservation Service office for additional USDA's September crop production report contains some yield figures which many find hard to believe. "They're almost identical to the August numbers," remarked Indiana Farm Bureau market economist Joe Miller about the report released Friday.

"Since August, a lot of the trading firms have discounted USDA's numbers: they kept saying 'USDA is way too low, there's a lot more corn out And so the estimates for this report, were for a higher yield than last month's USDA report." USDA now has reported 8 million bushels less of corn, significantly lower than most of the estimates. "On soybeans, the numbers were 2 million bushels higher than the August report 2.746 billion right in the middle of what traders were expecting. They were expecting 2.7 billion to 2.8 billion bushels, so we're right in the middle of It. I think out of all the numbers, the soybean number was pretty neutral because it was right at expectations." Looking at the state breakouts of corn and soybeans, Miller said some are surprising because they did not change. Illinois and Iowa corn production numbers are unchanged from last month, despite the weather-related fact that ratings have fallen since August in both states.

"I think USDA has not picked that up, and I think you're going to see a lower number, probably In the October report and definitely by the November report as we get into harvest I think that is what a lot of traders are saying, that for USDA to leave the com number the same in Iowa, Nebraska, and Illinois is wrong." On the other hand, Indiana's corn and soybean yields did drop. Some traders say It indicates the eastern Corn belt harvest forecast is growing worse while the western Cornbelt is getting better. "I don't think that's what has happened in the past month, and I think that's what traders will focus on," Miller 'commented. "However, when the market opened Friday, we opened lower and went quite a bit lower off of a report that should have been considered somewhat bullish." Miller calls It "a warning shot. Keep in mind that when you get a "Where Service 1 384 S.

Walnut, Seymour Remodeling P.C.M9200T72 an SUN DECK 1 AC'Y R00M kcheTL i ir-0jx18'-4- i BR'KFAST 1 i i i i 15-2 x10-0 I 9 I I (W- iJ I i JJ2SL fi BED ROOM LAUNDRY 0 i 4-1 1V-4-X12-4" i I i DINING ROOM AfifeSJA BATH oonoa mot -1 BED ROOM UPPER LEVEL inc or 1 1 REPLACE ABOVE I FUTURE I i ti-'. PLAYROOM 1 I ifuturei STORAGE I bed room lj i 1 5'-8'x 13 -0' li I I i ii i i i garaqe HALL fj jHr-T3-ra--j iifuturei AREA 20'-0-x20'-6' BATH UTILITY EEECT! i i i i I WORKSHOP 1 1 -l LOWER LEVEL BV W.D. FARMER, F.A.I.B.D. The refined exterior of this distinctive plan gives the homeowner pride of ownership. A covered front porch leads Into the foyer with stairs leading up to the main living area of the home or down to the garage and future areas of the home.

Upstairs is an oversized great room which extends to the rear to allow plenty of light Into the room, and access to the rear yard. Open and adjacent is a full dining room and is a full dining room and large deluxe kitchen breakfast area. Two bedrooms are secluded on this side of the home down a private hall. Each has access to a hall bath which also services daytime use. On the opposite side of the home is a large master suite.

The bedroom includes a tray ceiling and an entire wall of closet space. There is a garden bath indicated with the tub being strategically located in a bay window. Separate shower facilities gives the homeowners more of what they want. Tucked away near the entrance to the master suite are laundry facilities and a coat closet. The lower level pf -the home is shown with a two-car garage and large workshop.

Future areas include a play room and an additional bedroom to be finished as the family grows. The home is authentically pleasing with a multitude of exterior finishes and treatments. Gable roof lines, archtop windows and a combination of stucco and stone create unsurpassed elegance. W. D.

Farmer plan number Z- 711-SF includes 1.763 square feet of heated space on the upper level, and the future space In the lower level would add 969 square feet. For an information packet on this plan, call 1-800-225-7526 or write to W. D. Farmer Residence Designer, Inc. at P.O.

Box 450025. Atlanta, GA 31145. In 1964. the National Wilderness Preservation System was created to protect and preserve more than 9 million acres of land, including national parks and wildlife refuges. BANKRUPTCIES Grcemann Real Estate Bcclzy Dovors 522-9235-522-2958 Comes First" 622-2070 1 Sales Service New Construction Seymour The following bankruptcies originating in Jackson County were filed recently In Federal District Court at New Albany: Aug.

22: Peggy Sue Abner, Seymour; attorney: Rothring. Aug. 13: Joey Akers, Seymour; attorney: Koehler. Aug. 11: Alfred L.

Bowers Sr. and Mary E. Bowers, Medora; attorney: Goldberg. Aug. 1 1: Claude W.

Bowers Jr. and Sharon K. Bowers, Medora: attorney: Goldberg. Aug. 1 5: Jerry L.

and Wanda L. Bush, Seymour; attorney: Hamilton. Aug. 1 5: Harry M. and Edith L.

Chambers, Crothersvule; attorney: Goldberg. Aug. 27: Roger K. Chastaln, Brownstown; attorney: McCub-bins. Aug.

27: Terry A. Couch, Croth-ersville; attorney: Koehler. Aug. 12: Unda L. Delph, Seymour; attorney: Frey.

Aug. 20: Beth A. Deputy, Seymour; attorney: Koehler. Aug. 29: Gregory A.

and Margie E. Fltzwater, Seymour; attorney: Koehler. Aug. 1 5: Stephen M. and Rebecca Givens, Brownstown; attor mi iff ney: Koehler.

Aug. 27: James F. and Joyce A. Hyland, Seymour; attorney: Koehler. Aug.

12: Matthew and Stephanie Kirkham, Seymour; attorney. Frey. Aug. 12: William and Judy K. Krebbs, Freetown; attorney: Frey.

Aug. 20: Sherry McKinney, Freetown; attorney: Koehler. Aug. 19: Cynthia D. Miller, Brownstown; attorney: Hoke.

Aug. 5: Tammi Misamore, Seymour; attorney: Koehler. Aug. 27: Michael W. Moore Sr.

and Paula K. Moore, Medora; attorney: Koehler. Aug. 20: Pierce Moss III and Pamela Moss, Seymour; attorney: Koehler. Aug.

28: Shane F. Over II, Seymour; attorney: Goldberg. Aug. moun attorney: Payne. Aug.

6: Raymond D. Scott, Seymour; attorney: Payne. Aug. 11: Cherryl F. Shuler, Norman; attorney: Walton Jr.

Aug. 18: Mason and Roberta M. Wooten, Austin; attorney: Goldberg. LIGHTING LAYOUT BY: LiU Seymour, IN 47274 Oww Ernest Stow Room i coo ceoi The new tax law represents the largest tax cut in 16 years and offers very positive news for those who save and invest. Find out how you could benefit.

JWHEELER CONSTRUCTION Rockford Heights We Appreciate Your Business 3 A Call or stop by my office for complete Information. DON JAY RICE EDWARDS D. JONES 1305 E. Tipton Seymour, IN 47274 (812) 522-1797 www.edwardjones.com Simplicity Parade LOCAL RESIDENTS Richard and Jane Tormoehlen of Brown-stown Equipment, Inc. recently participated in the Simplicity Manufacturing, Inc.

anniversary parade, a Guinness Book of World Records attempt for the largest gathering of tractors. The parade was held in Port Washington, where Simplicity celebrated Us 75-year manufacturing heritage with dealers from around the world. Representing Brownstown Equipment was a limited edition anniversary tractor which now is expected to be a collector's item. During the three-day visit to Simplicity headquarters, dealers also toured the company's manufacturing facilities and were introduced to the largest roll-out of new products in the company's history. NO COST RESIDENTIAL jttmm AMtvMflMWriMMf mm Edwardjones Serving Individual Invetton Since 1871 'if 312 Myers St.

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