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Show Page 8 UTAH FARM BUREAU NEWS April, Posts Record Year FB Utah Farm Bureau Insurance Company and Country Mutual Life reported record production during were told 1972, policyholders during recent annual meetings of the companies. According to M.E. Carroll, executive vice president and general manager of the companies, the value of policies in force in Utah Farm Bureau Insurance Company reached $2,669,711 in 1972, an increase of $371,723 over the previous year. The 1972 year-en- d Almost tome moke youir move . . . policy value reflects more than $2,000,000 growth in the company since 1963. This sharp growth in the com- pany business means Farm Bureau insurance is protecting more people in Utah and also means greater protection for individual policyholders, according to Carroll. Total assets of Country Mutual Life climbed to $7,041,177. This represents an increase of just under $1,000,000 over 1971. For the first time in the history of the company, investment income exceeded total operating costs. Our Farm Bureau companies are better financed, better staffed than ever before. Were fully prepared and committed to serving the needs of Farm Bureau members in Utah, Carroll said in his report to policyholders. The board of directors adopted a -- resolution complimenting Carroll and his staff for outstanding management of the companies. We are particularly pleased with the performance of our insurance companies during 1972. And we know we can count on even a better year this year, said Elmo W. Hamilton, president, in his report to the policyholders meeting March 21. V Kuhfuss Says No To Witholding PARK RIDGE, ILLINOIS, April . . . The interests of farmers and ranchers will be best served if they continue to market their livestock in an orderly manner when they are ready for market and not delay their movement to market and thus depreciate their 3, 1973 value, William J. 9 new challenges? Have you borrowed additional money for capital improvements? Are you thinking of buying a new piece of equipment? Has your insurance protection kept pace with your ever increasing assets? Kuhfuss, president of the American Farm Bureau Federation, said today. Commending on reports that some producers are withholding livestock from the market in reaction to a consumer boycott of meat and the federal governments imposition of ceilings on meat prices, the Farm Bureau president said: Withholding livestock, until the erratic gyrations of the marketplace prompted by boycotts are stabilized, makes sense. However, undue delay only increases our problems, tends to decrease the value of our products, and will increase the numbers of cattle and hogs to be marketed in the future. .This will have an adverse impact on prices received by producers at that time. Farm Bureau bdieves in the competitive market system, in which supply and demand as expressed by the user are the ultimate determinants of market price, Ktfofuss said. Editors Quote Bonk "The only failure a man i Have you enlarged your business operations to meet ought to fear is failure in cleaving to the purpose he sees to be best. George Eliot These questions should be answered! The assurance that financial investments, whether home, business or farm, are protected can be satisfied quickly, economically, pleasantly, at Country Mutual Life. Time is important! Act Now by calling your Country Mutual Life agent! Country Mutual Life 629 East 4th South Salt Lake City, Utah 84102 521-369- 0 |