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Farm Machinery
Costs Are Up
Farm machinery costs increased 2 percent in 1961, and an additional 2 percent in 1962, say agricultural economists at Virginia Polytechnic Institute. From all indications, machinery costs will rise another 2 percent in 1963. The ecomonistssuggest several ways in which farmers can reduce the cost of farm machinery. They should buy only those machines which will pay for themselves in operation. Farmers can cut repair and maintenance as well as operating costs by careful attention and timeliness of repairs. They can decrease machinery costs per unit of work by increased volume of use through larger farm operations or custom work. If only a small volume of use is needed, they should have it done by a custom operator. Under the 1962 tax bill recently made law, farmers may subtract up to 7 percent of the cost of any depreciable property (except buildings) bought any time after December 31, 1961, from his annual tax bill. For more information on how the new tax law affects farmers, it is suggested they consult a reliable tax consultant.
Power Co. To Develop
Area Land Use Plan
R. G. MacDonald, president of the Northern Virginia Power Company, announced today that the company will commence immediately to develop a Land Use Plan of the area it serves in portions of four states. This Plan will be an analysis of development patterns likely over a 20-25 year period and will be used to base decisions concerning company
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