European Stars And Stripes (Newspaper) - June 9, 1986, Darmstadt, Hesse Monday junes 1986 the stars and stripes Page 5 farm sector shows slow restructuring tens of thousands quit farming experts say Washington a tens of thou Sands or America s Farmers probably fell by the Wayside this Spring in the economic War of attrition shul has gone on in agriculture since 1981,government and private analysts say. Coming on the heels of similar failure a Les in past years the numbers reflect a gradual but important restructuring of the economic sector accounts for one fifth of us. Gross National product. Several economists put the failure rate Dur ing this Spring s lending and planting season at s percent or slightly higher. It is difficult to translate thai into numbers because of differ ent ways of defining a commercial farm and because not All Farmers borrow Money. But some in the credit Field put the figure in the tens of thousands. Marlyn Aycock a spokeswoman for the Farmers Home administration said the Best data Point to a failure number of roughly 50,000. With heavy existing debt and Low commod Ity prices Many had la give up because they were unable to qualify for new jeans to buy the seed fertilizer and fuel to put in a 1986 crop. Duct figure impossible one reason Cicat figures arc impossible to came by is that there is no requirement that Farmers or their lenders report business fail ures. The estimates Are drawn from Bank and academic surveys statistics on loan volume and loan denials and anecdotal evidence. The failures Don t mean the Fields of Iowa won t be Green with com this summer. Some better off Farmers Are taking advantage of Low prices to buy up and farm new land. Some producers who do go bankrupt Are turning around and re entering the business often with rented Hind and equipment. And at the same time some producers Are being forced out by the relentless farm de pression far More Farmers Are finding ways vanishing farms he projection 1.011960-85 to 75 80 85 90 952000 a Tiv Tim Oik soum . Dumot d a loan one of to by amen Gnu nut i Porti analysis say that there is a growing split be tween the agricultural haves and have not. We re driving wedges into the farm population said Robert Jolly an Iowa stale University agricultural economist Uhn keeps tabs in farm financial conditions in that Hird Hir mule. It seems to me that the lives arc those that carry arc appropriate amount of debt and arc reasonably skillful managers he said noting that a Northwest Iowa Survey showed the top one third of farms had 1 5 percent returns on investment a healthy Rale. Return to stay in business. You hear a lot of cries of distress but at the same Lime a lot of the financial Indica tors Are saying. There Are a lot of farm ers out there who Are doing very Well says Ronald Meekhof an agriculture depart ment farm finance economist. Heavy government subsidies justified As help for the financially ailing Are also going to those who Don t need them with the result. Then Here was another group that had a negative a churn he said. The other ones arc carrying fairly High debt and Don t have the offsetting returns that would allow them to Cope with it. It is those at the Bottom end who arc being forced oui of business year after year because of accumulated debt for which Uherc seems to be no permanent solution. The far end has got to drop off. We re going to lose a lot of Farmers this year and we be got to accept r Mia administrator Vance Clark has said. The of Mia is the agriculture depart ment Agency often referred to As the farm Lender of lat resort because it lakes Only customers turned Down by other lenders. It had far less loan Money to distribute this Spring than a year ago. Omha spokeswoman Aycock said the Agency made 59.000 farm operating Loans this year for a total of s3.i billion that was nearly a one third cutback from the 86,000 Loans far $4.7 billion made in 1983. This year 1 5,000 would be borrowers were formally rejected by Omha and countless others were discouraged from even applying Fay new stiffer eligibility Rufus. Others were getting Lough on borrowers As Well taking a harder look at or Ceil worthiness than they did when land values were Strong. About 20,000 Omha loan App fica Lions were from first time customers most of them rejects from commercial Banks or the farm credit system. Many fort closure farm credit the nation s largest farm lending network which holds about inc third of the j200 billion farm debt has come under harsh criticism this year for being insensitive and foreclosing too readily on longtime customers. System officials say they now Are changing to a policy that will permit restructuring rather than foreclosure whenever possible. Out there were positive factors at work As Well during the lending season. Under the new farm Law passed late in 1985, Farmers were Able to receive for the second straight year advances on income subsidies that normally would not be received until Harvest Lime. This Spring thai amounted to an infusion of nearly 3 billion up from 19h5 Advance of about s2.6 billion. New programs Farmers needed to borrow less this year because the prices of fuel and Uther supplies were lower some state governments came to Farmers Aid with new or expanded Emer gency lending programs. And banking Rogu factors cased pressure on Banks by loosening capital requirements. Being financed is kind a an in do find term said Jolly somehow or other people scrape up the Money to gel the crop in the ground. Then iwo months later they run out of Money for something else. Technically you can say they re farming this year but they May not be Able to keep something like a livestock Enterprise going Gale expects 2 or 3 More radiation related deaths los Angeles a an american Bone marrow specialist who treated victims of the soviet nuclear Power Plant disaster at chernobyl said saturday that Only two or three More deaths due to radiation Are expected in the immediate future. Or. Robert Gale was greeted on his Arri saturday in los Angeles by his wife and two of three children. He signed a Long term agreement with soviet health experts Friday to Monitor for the rest of their lives some 100.000 people possibly affected by radiation from the fire and explosion april 26. We will learn a considerable amount about the Pathogenesis of cancer As we did after the atomic bomb blasts in the Japa Nese cities of Hiroshima and Nagasaki Dur ing world War ii Gale said. Hundreds of thousands of people were studied in Japan following world War a but modern sophisticated equipment will yield More data on the Long term effects of exposure to heavy radiation Gale said. Gale of the University of California at los Angeles told reporters thai 26 people in All had died As a result of the Accident two during the initial blast. Ait of those who were seriously exposed were within about an 15-mile radius of the suspect flees a Fer declining to identify picture of himself Berkeley Calif. Dpi a murder suspect wanted by the Fri escaped after being shown his own photograph by a policeman who asked him if he d Ever seen himself i newspaper reported saturday. A nationwide manhunt far David Lee Williams an israeli Soldier of Fortune suspected of two murders in Virginia continues because Berkeley police botched an Opportunity to arrest him the san Francisco chronicle said. Williams wanted for the january Mur Ders of a 69-year-old Virginia sculptor and his 64-year-old caretaker hot been at targe since he fled his Security Job at the Norfolk naval shipyard in Portsmouth va., after Hesi Aningi. The Fri Lay Williams is a former paratrooper who has served with the . And Ferreti armies and the Jerusalem police Force. It arrived in Berkeley by bus on feb. 6 and landed a Job As House manager of chabad House a residence Hall for jew ish students at the University of California. The Fri tracked Williams to the House and on tuesday Fri agents and uniformed Berkeley police officer surrounded the House. A Berkeley plainclothes officer entered the House to speak to chabad House rabbi Yosef longer the newspaper said. But Wil Liams answered the Knock at the door and the officer mistaking him for the rabbi showed him a photograph of himself. In the Darl hallway Williams who had begun growing a Beard looked at the clean shaven suspect in the photograph and told the officer no i Haven t seen this 8"y-" the officer left the Hoium to Confer with Fri agents who then produced a different picture of Williams. Hey that s the Guy i was talking the stunned officer who was not identified said. The Fri agents rushed into the House but Williams had ducked out a Back door and disappeared the newspaper said. Plant Gale said. I believe the death loll figure will re main relatively stable and not change by More than 10 percent Gale said. That Means perhaps two or three More deaths in the near future. Any cancer As a result of the Accident will begin appearing in about five years he said. The City of Kiev 80 Miles South of the Plant received 15 to 30 times the Normal level of atmospheric radiation when the Ini tial radioactive plume passed Over he said. Gale said he flew Over chernobyl and visited the now evacuated town of Prip Yat where Many Power Plant workers lived Gate said he would return to the soviet Union july 21 with a delegation from the National institutes of health to begin Sands of time working out details of the study which he estimated would take about 35 years. The National Academy of sciences also will participate As will experts from other nations he said. Gale said earlier thai 13 Bone marrow transplants and six injections of fetal liver a Clos were Given to 19 patients critically effect cd by radiation and that five of the marrow transplant patients Are still alive. The american specialist noted that 1,000 to 2,000 people were screened for radiation exposure soon after the Accident at the Plant to Miles North of Kiev. Most were judged not to be at risk but 400 to 500 were admitted to hospitals he said. Some Are being followed As outta the number of people hospitalized now has Bun reduced to about 200, Gale said. In the stars and stripes 40 years ago today. June 9.1946 the War department announced that army col. . Durant and his wife wac capt. Kathleen Nash Durant. Were taken into custody in connection with the disappearance of he Crown jewels of the House of Hesse from he Kronberg Castle near Frankfurt. 30 years ago today. June 9. 1956 president Eisenhower was taken to Walter Reed Hospital with an inflamed intestine and surgery was indicated but doctors stressed that it was not a heart 20 years ago today. June 9, 1966 actor Ronald Reagan and democratic gov. Edmund Brown both soared past the million Mark in votes As they wrapped up victories in California s primary election and prepared to Battle for the governorship in november. To years ago today. June 9. 1976 the military Academy s cheating scandal which has brought the school s Honor code under scrutiny a touched nearly one fifth of West Point s Junior class
