The Salina Journal from Salina, Kansas on April 4, 1985 · Page 15
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The Salina Journal from Salina, Kansas · Page 15

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Salina, Kansas
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Thursday, April 4, 1985
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Page 15
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Local/Kansas 2 The Salina Journal Thursday, April 4,1985 Page 15 Lending money to broke farmers won't solve problems, study says WASHINGTON (AP) - Lending .broke farmers more money to get ,them through tough times won't : solve the current financial crisis in ;U.S. agriculture, says a new study ;by a Washington policy research : group. , The Roosevelt Center for American Policy Studies concluded that :farm money woes are rooted in ; problems far deeper than a lack of :cash flow and credit and that are ; not likely to change anytime soon. ; Those factors include a growing ; federal budget deficit, a tight supply of money and credit, high inter; est rates, dropping land values and ,the strong value of the dollar com; pared with foreign currencies. ; "Anyone of these developments ; would dramatically reduce the abil- ;ity of many thousands of farmers to ;survive through 1985," according to ;the report, titled "Down, Down,. Down on the Farm." ; "A combination of some or all of these developments would return the credit crisis to the front burner — and turn the flame up even higher." The likelihood of continued stress in rural America is great, the center's analysts wrote. The consensus of experts assembled for a roundtable this winter was that "as bad as current conditions are, they could well deteriorate further." They "found little to suggest that a significant improvement in the farm economy will occur this year or in 1986." • By now the problems of American fanners, particularly those in the ;27 indicted for stealing grain, supplies : OMAHA, Neb. (AP) - Twenty- seven people have been indicted in a theft ring that stole $5 million •worth of grain and farm supplies in 11 states since 1980, federal authorities said Wednesday. .;. The indictments climaxed a three-year investigation of the ring, which stole most of its grain at night from elevators in remote areas, said James Ahearn, head of .the FBI's regional office in Omaha. ; Those charged were named in a 14-count indictment returned last week by a federal grand jury in Sioux City, Iowa, Ahearn said. The three alleged leaders of the group were charged under a special federal racketeering statute normally used in drug and organized crime cases, Ahearn said. Ahearn said he thought it was the first time the so-called RICO statute, for Racketeer Influenced Corrupt Organizations, has been used in a property theft case. Those indicted were accused of stealing grain, fertilizer and farm chemicals in Arkansas, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, Oklahoma, Tennessee and Texas. Eight of the people indicted have been arrested, and seven were in jail when the indictment was returned, Ahearn said. All but three of the others have made arrangements to surrender to authorities, he said. The alleged leaders of the ring were Huie Krana, 51, Sioux City; Melvin McCallon, 50, Kansas City, Mo.; and David Staton, 37, of Muskogee, Okla. They were all charged with two RICO counts, each of which carries a maximum sentence of 20 years In prison and a $25,000 fine. The others were charged with various counts of interstate transportation of stolen goods and conspiracy. Each interstate tranporta- tion count carries a maximum sentence of 10 years in prison and a $10,000 fine. The top penalty on each conspiracy charge is five years in prison and a $10,000 fine. The stolen grain was transported in trucks, some of which belonged to a "semi-legitimate" Sioux City trucking company started by Krana and his wife, Gail, said Ahearn. Mrs. Krana, 35, was also indicted. The grain and other stolen goods were then sold to Auburn Elevator, a company in Nebraska, and to "innocent third-party purchasers," the indictment said. "They knew what they were doing," Ahearn said of the ring members. "They were very, very good at it." Mid Amoric.i Inn kest,)ur<)nl MONDAY NIGHT SPECIAL. BBQ PORK RIB DINNER -,„.„„•.,.. •• •- S095 grain belt of the Midwest, are well chronicled: High debt and interest rates coupled with low values for commodities and farmland are squeezing thousands out of business every month. In its analysis, the moderate-to- liberal think tank contended the problem is primarily one of solvency rather than liquidity; that is, farmers are suffering not primarily from a lack of cash flow in an otherwise sound operation, but from an erosion of their capital and collateral bases. "Thus the primary issue is not more credit," the center said. "It is rather the extent to which government can (or should) intervene to alter the underlying forces driving so many farmers toward insolvency." Two suggested, and widely differing, alternatives — higher price supports and a'switch to more "market-oriented" farm policy — both appear impractical, the report said. Although there are strong pressures for the government to come to farmers' rescue with more cash, there are equally strong pressures to cut federal deficit spending Farm relief bill wins preliminary OK TOPEKA (AP) - A bill creating a $430 million pool of low-interest money for financially stressed farmers needing crop-production loans Wednesday won preliminary approval from the Kansas Senate. The farmer's loan bill, which sailed through and will advance to the House after final action, proposes spending $15 million to reduce interest rates on agricultural production loans in the next 15 months. The bill essentially calls for a 3 percent buy-down of the crop loans from banks and Production Credit Associaitons, which are similar to federal credit unions for farmers that deal strictly in crop loans. Banks would get a 3 percent reduction in their privilege taxes and PCAs would get a 3 percent break on their income taxes as incentives to reduce by 3 percent the interest rates on certain farm loans. The measure is a combination of bills sponsored by Gov. John Carlin and Senate President Robert Talkington, R-Iola. To qualify for the low-interest money, a farmer must have a 1-to-l collateral to secure the loan or show a cash-flow no greater than 105 percent — or 5 percent profit. Those are similar to eligibility requirements for Farmers Home Administration loans. The buy-down on loans would equal 20 percent of an individual bank's loan total in 1983 — about $360 million statewide. The PCAS add another $80 million to the state's potential cost for the program. The loan buy-down would begin immediately upon passage by the Legislature and run through July 1, 1986. Banks that made no crop loans or distributed less than $100,000 in 1983 would not be eligible to participate. PRICES GOOD THRU APRIL 11,1985 PATIO FURNITURE VALUES PATIO TABLE & CHAIR SET 199 95 Fiesta Royale Set PICNIC TABLE HARDWARE BLACK FINISH, LESS LUMBER Wooden designed patio furniture set includes one square table and four comfortable chairs. Heavy duty metal frames. WOOD PICNIC TABLE EASY TO ASSEMBLE *-»T Set 5' sturdy wood construction. Includes 2-5' benches. Shop Payless Cashways today for all of your outdoor furniture needsl Wooden designed patio furniture set includes one square table and four comfortable chairs. Heavy duty metal frames. WROUGHT IRON PARK BENCH 24.95 •••f Each 48" bench has heavy cast iron frame and mahogany slats. PATIO UMBRELLA Multi-color design umbrella. Manually operated. #UY6 32 95 Each UMBRELLA BASE 16" diameter. Holds 32 Ibs. of sand or gravel. #501. Each LONG HANDLE HOE, RAKE OR SHOVEL nun 3 49 CHOICE V All feature stainless steel blades and tines. POST HOLE DIGGER ... '95 Rugged hardwood handles, digs 6V2" diameter hole. #782-084. 4CU.FT. WHEELBARROW Deep seamless tray has rounded front. Long hardwood handles, 15" pneumatic tire. #SRS-04. 5CU.FT.-SRS-058 29.95 1 49 TOP SOIL All purpose organic soil for all types of plants. 40 pound bag. 1 29 PEAT MOSS .... Mixture of mosses helps absorb and retain moisture. 40 Ib. bag. LAWN 095 FOOD O 25 Ib. bag fertilizer covers 5,000 sq. ft. 22-10-5 analysis. WEED-N-FEED K 95 FERTILIZER ... O Contains 2 types of weed killers. Covers 5,000 sq. ft. 22-10-5 an- alyis. 25 pound bag. STEER 4 49 MANURE • A natural way to rebuild soil & stimulate bacteria. Won't burn. Ajds in water retention. 40 Ib. 1 49 POLYETHYLENE MULCH FILM .. 3'x50' black film is 1.5 mil thick and covers 150 sq. ft. #HM-050. LAWN 4 99 EDGING • Durable, flexible plastic can be cut to size. Great for weed-free bordersl 4"x20' roll. #8220. LANDSCAPE TIMBERS.. »99 3Vz"x5" nominal size, B ft. length. Great for garden steps, retaining walls, morel USED 8 FT. R.R.TIES. 95 Rustic looking ties accent walkways, drives, planting bed and much morel , 4 795 8'WHITEWOOD SECTION I * Unassembled. Includes 17 - 1x6-6' dog ear whitewood pickets and 2 rails. Posts sold separately. 6'x8' section. 8' TREATED CCA SECTION 2 5 9 5 Unassembled. Includes 17- 1x6-6'dogeartreatedpicketsand 3 - 2x4-6' treaated rails. Posts sold separately 8'PREMIUMCEDARSECTION 34 95 Unassembled. Includes 17- 1x6-6'dog ear cedar pickets and 2-8' cedar rails. Posts sold separately. 6'x8'. RABBIT PROOF C95 NETTING O 24"x50' roll with 2" hexagon mesh. Helps protect yourgarden from small animals. 14 95 GARDEN GUARD .. 40"x50' roll of 15 gauge graduated mesh welded galvanized steel fabric. WELDED WIRE ... 13 95 36"x50' roll of 14V4 gauge galvanized steel wire with 2" x4" mesh. 1 5 FT. T-POST.... Light duty post features a baked on enamel finish. 4 attaching clips included. WHITE 4 69 ROCK 1 Decorative white marble landscaping chips. 33 Ib. bag. ARKANSAS A 79 PEBBLES *• Medium sized river rock for planters, rock gardens. 50 Ib. bag. LAVA A 79 ROCK.. • Red stones accent your lawn and garden. Vs cubic foot bag. CYPRESS O99 MULCH ^ This mulch offers high moisture retention, resists extreme temperatures, rot and insects. Sold in 30 pound bag. GARDEN s>69 BARK & Beautify your lawn, flower bed, planters and rock garden with these western red, medium sized bark chips. 2 cubic foot bag. ROOFING FELT Asphalt saturated water barrier. 15#. ROLLED 4 I ROOFING . Covers 100 sq. ft. White only. FIBERGLASS Oft 9 5 SHINGLES ..^U Asphalt backed, mineral coated surface. Available in white only. PLASTIC ROOF CEMENT Use for patching cracks and breaks in roofing and around flashings. Easy to apply with trowel. 1 gal. 5 GAL ROOF CEMENT 9.95 ASBESTOS FIBERED *)9 5 ROOF COATING.. & Heavy bodied mastic seals and waterproofs built-up composition and gravel roofs. 1 gallon. 5 GAL. ROOF COATING 13.95 CORRUGATED 495 FIBERGLASS .. *J B'x26" sheets with 2 W corrugation. RAIN GUTTERING 3 49 Q69 Gdwilad »•» WMtiwBnnm KMostarC'vdl DON'T DOIT YOURSELF WITHOUT US, OPEN ON SUNDAYS - 1 1 A.M. TO 5 P.M. 827.9fififi MON.,TUES.,WED.,FRI.8T06(THURSDAY8T07ISATURDAY8T05 707 NORTH BROADWAY, SALINA. KANSAS TOLL FREE •

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