VOLUME 24, Number s,4 JUNE, 1966
O 8 O ECT I V HE HUME
as outlined at the Annual Meeting of Sto holders 9
by A. T. Campbell, Jr., General Manag .......
To provide farmers and growers wh Jive, sound
basis for credit with sound, depen l;%1~ cobniv
venient credit at a reasonable cost.
To operate the Association ona sound basis, con-
sidering all loan requests on the basis of the five
a. The Man;
b. His moral and managerial responsibility his
financial position; the financial trend of his
c. Repayment capacity;
d. The purpose of the loan -- does it provide:
Necessities -- Needs -- Wants;
e. Collateral offered or available as security.
To follow high moral and ethical standards in the
conduct of the Association's business.
STo assume a position of responsibility and leader-
ship in the field of farm credit and the business
To maintain a good working relationship with co-
operatives and other farm related organizations so
that the interests of farmers and growers will be
served in a manner which will be most beneficial
to the individual farmer or grower.
To maintain honest, capable, and dedicated em-
ployees in the Association, and provide them with
the opportunity and incentives to perform to the
maximum of their capabilities.
IBRAR M EATING OF STOCKHOLDERS DRAWS 350
Braving thr ats of wind and water from an early hurri-
19ine, over three hundred stockholders and guests came
to The Tup erware Auditorium south of Orlando on Wed-
nesday, Ju e 8th, to attend the 32nd annual meeting of
Of stgckhQld s of Florida Citrus Production Credit Assn.
business meeting which was conducted by
Vice-president F. Earl Peppercorn, financial reports and
report of the Board of Directors were presented, and
the stockholders elected directors Douglas R. Igou,
Ben R. Adams, John W. Evans, and J. D. Wright, Jr.
to succeed themselves. Other members of the Board
of Directors are: J. Earl Anderson, Eugene F. Griffin,
Ford W. Moody, J. J. Parrish, Jr., and Earl Peppercorn.
Mr. J. C. Moore, Senior Vice-president of the Federal
Intermediate Credit Bank of Columbia, South Carolina,
principal speaker, reviewed the spiralling c o s t of
money. While expressing concern that it would cause
increased interest rates, Mr. Moore held out hope for
a break in the upward trend. In this same vein, A. T.
Campbell, Jr., general manager, told the members that
the high cost of money would not affect the availability
of loanable funds from the Association, although rental
cost on the funds might have to be increased.
VOLUME 24, Number 5,4
Your Neig hborbo
The WETHERBEE Family-
Almost within the far-reaching shadows of McCoy Air Force
Base south of Orlando, but still isolated by nearly two
miles from near neighbor, is the 300-acre kingdom of Bert
and Vaden Wetherbee. Reached by one right angle turn after
another from the hard road, the 'home place' and surround-
ing grove site represent family heritage as well as citrus
history since the turn of the century. If only by virtue of
his long land tenure, Bert Wetherbee is a neighbor you
would enjoy meeting.
Bert's father brought his wife and baby son to the spot now
known as the Wetherbee grove in 1907. At that time the
area from Winter Park south to Holopaw was open range.
While there were about a hundred seedling orange trees on
the property, cattle-raising was the principal occupation.
Although citrus was a sideline interest, Bert recalls that in
the years from 1917 to 1921 he helped his father put in an
additional 12 acres of grove (which is still today a heavy
bearing portion of the property), using mules to plow the
land, and raising the trees from seed right on the home
place--as were all the food essentials for the family table.
Credit for production costs? Not in those years, but even
then the growers and farmers had their own methods of man-
aging from season to season. The country all-purpose store
owned by the Carson family at Kissimmee supplied neces-
sary farm family needs in exchange for the bounty from the
land; little money changed hands, but everyone's needs
were met. An annual trip to the city (Orlando) to pay taxes
was a family outing for Bert and his four sisters, relished
in memory even yet.
In the ensuing years, as Bert worked shoulderto shoulder
with his father in developing the land, the cattle business
diminished in importance and they leaned increasingly to-
ward citrus. At about this time in the middle 30's, the
Wetherbees discovered a financial aid for citrus production
and development, and became early members of Florida Cit-
rus Production Credit Association. The cycle is completing
fullswingas FCPCAassists Bert today in his sideline ven-
ture with cattle which is dear to the heart of his son Billy,
the third generation Wetherbee to work the land. W
Notanambitious talker, Bert enjoys recalling some of the
old ways. Harvesting was done by family and neighbor-
hood crews that camped in the grove until completion; each
orange was individually wrapped in paper and packed in
boxes, then loaded on oxcarts to be moved to the packing
house at Kissimmee. With only a few exceptions, all the
trees presently in the grove and nursery were grown from
seed on the place and budded. Mrs. Wetherbee chuckled
when she recalled supplying 'lemonade fixings' to all avail-
able neighbors as she squeezed lemons for seed to supply
nursery stock. Budding, done by the family, was accom-
plished with homemade materials -- strips of unbleached
muslin coated with melted beeswax served to wrap and pro-
tect the buds. The advent of electricity and telephone
marked great change in both the home and grove operation;
developments have come rapidly in the past fifteen years,
making many of these practices jottings in history.
Bert points out with justifiable pride that this is a "flat-
woods operation", growing luxuriant, heavy bearing orange
trees onland not considered adaptable for citrus. He re-
marked smilingly that there is no secret formula for success
in this--"it just took nerve to try it." But, backing up his
nerve, was a planned program of soil rebuilding carried on
From The Past......
Loaded behind the mule
team, ready to go to the
Below: Harvesting Scene
from the early 1920's
F ^r WUSS
& f eet
--The WETHERBEE Story, continued
under the guidance and counsel of Orange County Agent
Henry Swanson and a partially "unplanned" system of
drainage and irrigation. The development of McCoy Air
Force Base forced water into the Wetherbee property in
heavy rain seasons, causing the family to be water-bound
for as long as a month at a time. Literally in self defense,
Bert ditched the perimeter of the property. Later he de-
veloped it further to provide two sources of irrigation for
the other extreme of the water problem. Credit for the
thriving 80 acres of grove on this type of land is largely
due to these programs of land use development and con-
Bert and Vaden Wetherbee are proud of their heritage as a
farm family. They are proud of their isolated place in to-
day's hurrying, crowded world--the last of its kind in
Orange County. They recognize the part in citrus history
that has been played by their family; they are proud of
the accomplishments of the years and pleased that their
younger son Billy, with his wife, is carrying on the tra-
dition of agriculture in the third generation which he rep-
resents. We, too, are proud of the Wetherbee family as
our good neighbors -- whom we would like you to meet!
Elements of success--Wetherbee style: Top, provision for
water control; Left, soil preparation through organic crop
fertilization; Right, steadfast grower-owner interest.
from the Desk of
wisely, is -
a tool just as valuable to citrus production
as modern fertilizer practices or effective
pest control. When used unwisely, it is as
deadly as a hard freeze or hurricane.
Economists have developed many tests
to determine if a given operation can effec-
tively use more credit to maintain position
ortoexpand. Whenall the testsareapplied
and all ratios compared to the norm, the
basic fact is glaringly apparent that to put
more into an operation continuously than the
output received is to invite disaster, and
the end result eventually will be failure.
The primary objective, credit-wise, of
your new management is to grant credit to
all citrus growers when credit will be to
their advantage. Equally, we feel just as
strong a responsibility to deny credit when
it will be to a disadvantage to the member
or to the Association.
The credit department is fully occupied
at the present time analyzing each and every
account with the Association in order to
make a sound credit decision. We solicit
the assistance and patience of all members
in making these decisions.
Editor's Note: David A. Graddy became the
Credit Manager of Florida Citrus Production
Credit Association as of May 1, 1966. His
desk is piled high as he tries to get ac-
quainted with all the loan files in the entire
territory. (He refused to let us use the pic-
ture of him behind his usual stack of files.)
RECOVERY REPORT: About half of a long convalescence :
periodd for Mrs. Helen Ferrone, bookkeeper at our Eustis
iioffice is over, and she is aiming for an August 1st return
itto work. Helen made a second trip to the hospital for
Complications following a knee fracture, but is now re-
"cuperating at her home in Mt. Dora until her doctor gives:
i-:the GO signal. .......
s::::::~:~:::....... ...... ........~i:~
ro PAGE THREE
What's UP )
June saw the young people in both 4-H and FFA putting
forth final efforts to win contests and prizes for their
year's activities. Outstanding work was recognized at
the 4-H Congress held in Gainesville, andat the annual
State F.F.A. convention held in Daytona Beach during
the week of June 13-17. Production Credit Associations
of Florida jointly contribute to both these statewide con-
Approximately 100 people gathered at the Daytona Plaza
Hotel on Thursday, June 16, fora supper given by Florida
Citrus Production Credit Association to honor the winning
F.F.A. teams and their chapter advisors in the Coopera-
tive Activities Contest. Following the meal, a brief pro-
gram of fun was planned, losing with the premier showing
in Florida of the new Farm Credit film,
"Credit To Grow On". Association
Representative John Brooks related
the information in the film presenta-
tion to Florida Citrus P CA and the
FFA boys inattendance, whoare the
borrowing agriculturists of tomorrow.
TAIT HONORED AT
The sixteen years of
service of W. L. Tait
were recognized at the
annual meeting of the
Association on June 8.
Before the assembled
members and guests,
an engraved Hamilton
With Chairman Earl Peppercorn electric watch was
looking on, Lacy Tait receives presented to Mr. Tait
gift presented by Al Whitmore as a token of acknow-
on behalf of the Association. ledgment of his work
with the Association.
Even before his employment by Florida Citrus Production
Credit Association as the manager of the Winter Haven
Branch Office, Lacy Tait was closely allied with the cit-
rus industry. He came to Polk County in 1932, conducting
tests of trace elements, dolomite and other liming ma-
terials on citrus for a fertilizer company. For several
following years he was production manager for citrus in-
terests operating large acreages. In July of 1949 he
joined the staff of Florida Citrus Production Credit Assn.
and served in the Winter Haven territory until his retire-
ment on September 1, 1965.
A member of the Florida State Horticultural Society con-
tinuously since 1933, Lacy has served for the past 17
years as a member of the Executive Committee and Edit-
ing Secretary of the Proceedings of the Society.
Compiled and Edited by John C. Brooks
With this issue, "Orange Blossoms" initiates what is
hoped will be an added service to its readers and friends--
a midsummer crop outlook report as seen by the field staff
of Florida Citrus PCA...... It is not our intention to go
into competition with the Crop Estimating Service. They
are professionals at making detailed estimates, skilled
far beyond our abilities. Nor is it our intention to be
specific; rather, we plan to dealingeneralities, relating
our opinion of what next year's crop looks like to us now
and restricting each field representative to the area he
serves and knows. Here, then, is our maideneffort with
the crystal ball:
eDADE CITY: A more consistent fruit set than last
ear, especially on grapefruit and early and midseason
oranges, should result ina sharply increased crop. This
increase might exceed 30% on oranges and should be about
25% on grapefruit. Tangerines, which had a very light
crop last year, will be more nearly normal this season.
?? EUSTIS: A larger crop of early and mids, but not
dramatically larger. Valencias will be about the same;
grapefruit a little larger. Tangerines, light la st year, will
be better; temples about the same.
^ FORT PIERCE: A larger crop in all varieties, but not
abnormally large. Trees do not have enough inside fruit
to create a big jump in production. Valencias are especi-
ally heavy, and young trees, of which there are many in
this area, have a proportionately heavier set.
C ORLANDO: All varieties up substantially, both in
fruit size and number of fruit on tree. A few isolated
groves with short crops, but the general increase should
about ten to fifteen per cent.
C SEBRING: Oranges appear to be up about 25% over
last year in all varieties, with grapefruit up about 10%.
Tangerines, which hada normal crop last year, appear to
be about the same this season. Ingeneral, Ridge groves
seem to be heavier than flatwoods and low-ground groves.
Qy WINTER HAVEN: Early and mids seem to be about 25%
higher, with Valencias about the same. Grapefruit will
remain unchanged, or perhaps show a slight increase.
Tangerines should increase by about one-quarter.
WEST INDIES HURRICANE WEATHER PROPHECY
SJUNE too soon; JULY stand by;
EP AUGUST come they must;
SSEPTEMBER remember; OCTOBER all over.
NEWSLETTER to the Members and Friends of the
Flotida Cittus Production Credit Association
It. POST OFFICE DRAWER 2111
ORLANDO, FLORIDA 32802
General Manager......... A. T. CampbeZl, Jt.
Newsletter Editor............... EZZen Haynie