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Sheridan , Oregon
December 11, 1991     The Sun Paper
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December 11, 1991

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10 The Sun, Wednesday, December 11, 1991 lists profits for quarter i Petroleum Products We still carry Shell diesel & lubricants 1920 Lafayette Ave PO Box 767 McMinnville, OR 97128 Farm Credit Serious accidents on the farm often can be prevented The Twelfth Farm Credit District, which includes the Farm Credit Bank of Spokane and Northwest Farm Credit Services, and Agricul- tural Credit Association, reported profits of $13.9 million for the second quarter of 1991 and $29.9 million for the first six months of 1991. These profits compare to losses of $.7 million and $2.6 mil- lion for the same periods in 1990. "Since this is the third consecu- tive quarter of profits, we're extremely pleased with our finan- cial recovery as well as the progress we're making to improve our inter- nal operations," said Doyle L. Cook, FeB president and chief executive officer. The primary factor contributing to the district's improved financial performance was the increase in net interest income from $15.8 million during the first six months of 1990 to $46.6 million for the same period in 1991. With the financial assis- tance received in 1990, the bank restructured its debt portfolio by replacing higher cost funds with lower cost funds. This restructuring, coupled with the subsequent replacement of maturing debt with lower cost funds, was the key reason for the improved net interest margin. According to Cook, another signi- ficant factor in the district's 1991 earnings was $18.7 million of inter- est income recognized on nonac- crual loans during the first six months compared to $12.3 million during the same period last year. "The amount of loans classified as nonaccrual has been reduced, and more than half of the nonaccrual loans are now current as to principal and interest payments," he said. Chip Petrea is one of many far- mers who have been disabled in an agricultural accident. Chip Petrea of Urbana, I11., was harvesting soybeans in September of 1978. Conditions were wet, mak- ing the beans difficult to bale, but he knew he had to get the job done. He jumped out of the tractor while it was still running to push a bundle with his feet. The bundle broke loose, and Chips feet and legs were fed into the machine, crushing them. He held the rest of his body out of the baler by wrapping his arms around pan of the machinery. "I held on for an hour and a half until my father discovered me when making his periodic checks," recalls Chip. The accident left Chip an above- the-knee amputee, but he didn't give up on farming. He had prosthe- sises made which allowed him to do many farm tasks. "Some of my responsibilities were still possible for me to do, but climbing onto equipment was next to impossible," says Petrea. Two years later, the Department of Rehabilitation in Illinois assisted Chip in purchasing a tractor adapted for his disability. The new tractor allowed him to do many more chores on the farm. It was equipped with feet and hand controls which helped him to maneuver the machine better and a lift making it easier to get into the cab. But Chip is luckier than many farmers disabled on the job, he had the choice to continue farming or to further his education. Today, he has left the farming profession to pursue an advanced degree. Chip's decision to quit farming was an economic choice, not a result of his disability. He is now a graduate research assistant, working on his doctorate in agricultural edu- cation at the University of Illinois. Similar accidents to Chip's have plagued farmers for decades. "Many farmers aren't as fortunate as Chip was to have the choice to continue farming. Some farmers are disabled beyond the help of modern medical technology or adaptable equipment," says Jim Williams, safety expert for the Country Com- panies, an insurance and investment group. Fanning continues to be among the most dangerous occupations. Accidents occur which can be life threatening and life altering. Many factors play a pan in creating dan- gerous conditions which cannot be controlled. Farmers rely heavily upon Mother Nature through the planting and harvesting seasons. These natural Nonaccrual loans, those loans that are seriously delinquent of have other credit weaknesses, declined 9.5 percent from $362 million as of Dec. 31, 1990, to $328 million as of June 30, 1991. Cook explained that even though nonaccrual loans may be current, Farm Credit requires them to perform for a reasonable period before being upgraded to an accrual status. He expects further reduction and improved perform- ance in the nonaccrual loan port- folio. Also contributing to the financial and operational progress of the dis- trict was the April 1991 merger of the Interstate Production Credit Association and the Interstate Fed- eral Land Bank Association to form Northwest Farm Credit Services, an Agricultural Credit Association. "As a result of the merger, the association is more efficient and better able to provide competitively priced credit to its customers," Cook said. Cook explained that the 1991 profits are allowing the district to replenish its capital. "Although our total capital was reduced during 1991 from the one-time retirement of $37.1 million of member stock, both the bank and. association are now meeting the interim levels of permanent capital required by our regulator," he said. "We're rebuild- ing a solid capital base from earn- ings rather than requiring a greater stock investment by Farm Credit members." conditions can affect a farmer's ability to perform his normal daily tasks safely, as it did in Chip's situation. "It is understandable that farmers want to get in their fields the first chance they get. However, the first chance they get may not be the safest," says Williams. Unsafe use of farm machinery also causes many other farm acci- dents. These accidents can be reduced through proper education and training on equipment usage. But Chip feels not every accident can be prevented. "Every time you turn around something unexpected could go wrong. When you're really busy, you don't take the time to turn your machine off. You just don't think about the consequences," he says. He adds when a farmer steps out of his machine while it is still running, he is defenseless. "There are so many hazards in the farming profession. Farmers may be very safety conscious in some areas, but not realize the dangers of other daily tasks," adds Chip. "The key to farm safety is continuous education!" For further information concern- ing disabled farmers in Central Illi- nois contact the Easter Seal Society, Agr-Ability, Springfield, I!1. 62705 or call (217) 525-0398. How to build a compost heap If you've always wanted to build your own compost heap, but you weren't sure which in- gredients to use or what pur- pose it would serve, now is your chance! According to the Amer- ican Association of Nurserymen (AAN), compost heaps play two positive roles: they cut down on landfill usage and they provide an inexpensive and readily avail- able source of nutrients for your garden. In many communities, leaves, tree trimmings and grass clip- pings alone make up to 20 per- cent of the solid wastes buried in the increasingly crowded land- fills. Sowhy not benefit your lawn and garden by building your own compost heap this fall? Composting, says AAN, is the process of turning clippings, leaves and other yard materials into a rich soil additive for use in gardens or around plants and shrubs. Compost heaps work by generating intense heat and biological activity. This activity breaks down the compost ma- terials-grass clippings, plant WE CAN HELP. Nox thcrc' a C()numcr Credit or4anizaiion that offers flCC Counseling Scrq(c in McMinnvillc c()unscling for all kinds ()f thai can help you wilh your debt financial situations, Call CCCS problems CCCS is a non-profit noxv. WE CAN HELl ). For the new gCCS in McMianville, residues, leaves, and carefully selected household garbage-- into a rich organic substance. To create your compost heap, look for bins made out of plastic snow fence, coated wire fence or treated wood. Check out your local garden center for inexpen- sive, prefabricated bins or ask for advice there on building your own bins at home. Fill the bottom of your bin with a four to six inch layer of organic materials from your landscape. These substances, such as leaves, grass clippings and plants, are high in carbon and provide a good base for your compost heap. Next, sprinkle a material high in nitrogen, such as cotton seed meal or a chemical fertilizer, on top of your base. Then layer several inches of garden soil and a dusting of ground lime- stone or wood ashes. Place these sets of materials in alternate layers in your com- post heap until you've reached an approximate height of five feet. Don't add so many materi- als that your heap goes above five feet. Compost heaps are a good place to "th row away" your grass clippings and other organic ma- terial, but they should not be considered garbage dumps. _ Charles Laughlin Call Jere Laughlin for prompt lllllllllllllllllllllllllllllllllllllll We Offer Wide Experience In...Auto & Farm Eq MACHINE SHOP call 434-2882 4HAPA) DAVISON AUTO *Machine Shops at these Iocatior McMinnville* Monmouth *Sheridan* Carlton N. Baker 142 Pacific Hwy. 317 S. Bridge 155 N. Yamhill 472-6114 838-0460 843-2211 852-7071 Hours: Monday-Friday 8 am to 5:30 pm Open Saturday 8 am to 4:30 Wrangler Brush Popper Shirts 100% Cotton twill; rangewashed; water/wind resistant 20% OFF regular price Limited to stock on hand Five Brothers Quilt Lined Flannel Shirts Snap or button closure; large assortment of sizes to choose from; SM-3X; MT-2XT 20% OFF regular price Limited to stock on hand r OFFICIAL DEALER All Lined Coveralls or Bib Overalls 25% OFF regular price Limited to stock on hand Sale prices good through Dec. 17, 1991 Attention Farmers: Mark your calendar and plan to attend West Valley Farmers Farm Fest, Thursday, 19, 1991, from 8 a.m. to 2 p.m. in the A-Dec Building, Yamhill County Fairgrounds, Lafayette Ave., McMinnville. Free pancake breakfast beginning at 8 a.m. Exhibits. Demonstrations. Door Prizes. Early booking prices. See you there! WEST VALLEY! FARMERS 342 S. 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