University Daily Kansan, September 11, 1981
Page 3
Endowment Association tills crops for money
By LISA BOLTON Staff Reporter
At least one member of the KU Endowment Association casts as sharp an eye skyward as any farmer in Kansas and sells its prices of wheat and corn just as closely.
Martin H. Henry, association vice president for property management, income from association-owned farm scattered across Kansas and Oklahoma
He talks with area managers and farmers about factors such as hail damage, green bugs and market prices, and how to sort each year in the Endowment Digest.
"A dry fall caused germination problems, we have suffered hail damage described from moderate to total, and the late freeze exacted a grim price," according to Henry's report this year.
HIS TERRITORY covers about 35,000 acres, the largest portion being on the Watkins farms in southwestern Kansas.
"Most of our farmland came in one large bequest from the estate of Elizabeth Miller Watkins," Henry sai$^2$
Watkins died in 1939, leaving about
25,000 acres of wheat-producing farmland to the association. Her husband, Jabez Bunting Watkins, had acquired the land during his prosperous career with J.B. Watkins Land and Mortgage Company, where Mrs. Watkins rose to Chief Assistant secretary before leaving her career in 1890 to marry the boss.
Income from all association-owned farms was $694,370 for the fiscal year ending June 30, 1981. This figure represented about 20 percent of the total association income from gifts and investments, which was $33,448,769.
"Less than $700,000—that's small compared to the various other sources of income," Henry said, naming fundraising in bought in more than $133 million last year.
corn, soybeans and wheat for the past 38 years.
STILL, $700,000 can generate a lot of scholarships.
One Douglas County farmer, Eugene Nunemaker, contracts with the association to farm about 1,700 acres near Lawrence Airport. Nunemaker-Ross Inc. includes Nunemaker's son-in-law, Pat Ross; his son, Kent Nunemaker, and Robert Howard, an employee who has helped them raise
The family has farmed the land since it was left to the University of Kansas by Kansas' first governor, Charles Robinson, at the turn of the century.
"My wife's grandfather started farming this farm in 1900," Nunemaker said. A.K. Hayden was the first tenant farmer to work the KU farm.
NUNEMAKER NOW FARMS the
least tougher to a simpler arrangement
laughing with.
"It's a regular farm lease, renewable each year," he said. "The landlord gets half the gross income and buys half the seed and the fertilizer."
Nunemaker said his farm produced at a rate higher than the national average. He attributed this success to good management and to a secure contractual relationship with the association.
"They're different than ordinary landlords in that they don't have to have the income every year," he explained.
Unlike many Kansas farmers, the association is not threatened by bankruptcy during a drought or a bankshopep plague. The association
can ride out the bad seasons, allowing Nunemaker to do the same.
FIVE AREA MANAGERS, who report directly to Henry, visit the fields to offer advice to the farmers and to keep tabs on the crops.
"They do a better job of owning land than a hell of a lot of farmers." Nunemaker said. "The farmer (who contracts with the association) is going to buy the job he possibly can because he knows it's going to be farming next year."
"Normally I don't like farm
knows agriculture." "Nunmumberk
knows agriculture."
Henry said, "The manager is the fellow who goes out in the field and who watches the progress. If Farmer Jones decides to hang it up, the manager will raise it." Farmer Jones raises more sunflowers than cash crops, well, he may be terminated."
ONCE HARVESTED, the grain is taken to the local co-op to be sold. The farmer and the association split the gross income, usually 50-50 for wheat. Henry said, however, that two-thirds of the gross income might go to the farmer who raised a more costly and difficult crop, such as corn.
The TUBES
Friday Sept.25
8 pm Hoch Aud.
All seats are $9.50.
Discount for SUA Members.
The University of Kansas Concert Series Opens its 79th Season with the
Neville Marriner,
Music Director
Minnesota Orchestra
Saturday, September 12,
8:00 pm, Hoch Auditorium
Tickets on sale in the Murphy Hall Box Office
All seats reserved For reservations, call 913/864-3982
Public: $9 & $8 KU students with ID:
according to Henry, a few hundred acres are just plain waste.
WORK YOUR WAY TO THE BOTTOM
at the bottom of the Arctic. Drilling for oil at the bottom of the ocean. Seeking coal and natural gas in seams so deep and slanted, conventional techniques can't extract the energy.
because today, the bottom line in energy operations means that we need to explore places, all around the world. Not only to find gas and oil, but to discover and develop energy alternatives such as coal, Oil shale.
join in the search. Especially graduates from the scientific/technical disciplines.
So Gulf needs people with talent, skill.
see our campus recruiter. Or write to:
William E. Johnston, Jr., Human Resources
Department, Gulf Oil Corporation.
P.O. Box 186, Etchison, PA 15270
If you'd like to get to the bottom with us,
see our campus recruiter. or write to:
campusrecruitment@univs.edu
GULF PEOPLE: ENERGY FOR TOMORROW
Gulf
An Equal Opportunity Employer
"As one of our managers says, some of that land out in western Kansas is more up and down than fat," Henry said. "It's cowboy country."
Because with Gulf, working your way to the bottom can mean working your way to the top.
Uranium mining, Rabbit Lake, Canada
Gulf Oil Corporation
GULF RECRUITER ON CAMPUS:
September 30
October 1,2,1981
About a third of the wheat fields lie
fallow each year. Fallow ground is a
natural resource for a year to regain
the minerals needed to nourish the next
year's wheat crop.
"They get a percent of the grain and we get a percent of the grain," Henry said. "It's purely a matter of horse trading—what it's worth to you?"
The association raises mainly winter wheat, which grows on about 14,000 of 4000 tillable acres of land, Henry said. His crops are other crops grown on about 5,000 acres.
NON-TILLABLE ACRES, about 5,700
torn, include pastureland, building
of them.
BURGLARS STOLE approximately $1,900 worth of car stereo equipment from six cars parked in front of residences from 5th and Minnesota streets to 15th and Tennessee streets Tuesday night, law enforcement said.
On the Record
Three of the cars belonged to KU students.
HAWKS'S CROSSING
Police said that in the case where the car doors were locked, the thieves used
1 blk. N. of Union serving subs:
10-9 Mon.-Sat.
11-8 Sunday
Happy hour 4-7
$1.50 pitchers
TAKE A
RAINBOW
HOME
WITH YOU.
We worked hard all week. You so treat yourself to our Friday Flower Feature. You deserve a break! We will make it even brighter.
It's specially priced and ready to take home with you. point out
Long Stem Roses
$6. 50/dozen
cash & carry
arranged & delivered
Flower Shoppe
1101 Mass.
841-0800
GRANADA DOWNTOWN TELEPHONE 843-5700
ALAN ALDA • CAROL BURNETT
EVE, 7:30 & 9:35; MA1, SA1., SUN., MON., 2:00
the Four Seasons PG
VARSITY DOWNTOWN TELEPHONE 843-100
All but one of the stereo systems were located on the dashboard.
either a coat hanger or pry tool to enter the vehicles.
THEVES STOLE a car from the 700 block of Massachusetts Street late night. Police said the car had been locked and the keys were in the ignition.
LOW COST RENTER'S INSURANCE
Protect your valuable personal property
John E. Dudley
847-2970
Prudential
SOUTHERN HILLS
Floral&T Gift
SOUTHERN HILLS
SHOPPING CENTER
749-2912
FREE DELIVERY
Appearing At
9:00-12:30
Appearing At "The Entertainer" Saturday, Sept. 12
$3.50
All You Can Drink
SVA FILMS
Friday, Sept. 11 Melvin and Howard
The story of Melvin Davenport (Paul LaMati), who picked up a dither—who was actually playing in the hughes, leaving Melvin $156 million in the whether it's true or not, is this a fresh, tummy look at the American dream, perchance, reality. He wore a wife (Oscar winner Mary Steenburgen), and Hugheg (Jason Robards), the billionaire, who scored on his screenplay won an Oscar, directed by Jonathan Demme (Handle with Care). The story of Paul Davenport (9/18, 9/18) Color: 3:30, 10:00.
Kagemusha (The Shadow Warrior)
The newest film from Japanese master Akira Kunosawa (Seven Samurai, Yojimbo) is the story of a thief, the exact moment when he escapes dies, the thief takes his place. A brilliant realized pictorialization of 18th century lejaju Japan, winner of the prize at the Tokyo International Film Festival, Tsumi Yamakaze (159 min). Color Japanese subtitles; 7:00.
Saturday, Sept. 12
Saturday, Sept. 12
Kagemuhum
3:30, 8:30.
Melvin and Howard
7:50
Sunday, Sept. 13
The American Friend
1987A
Wim Wenders' superb adaptation of a Patricia (Strangers on a Train) Highmith crime novel, about an artist hired as an artist to create the film, plays itsburg blue movie plot noir by Prima Brilliant use of New York, Paris, and Hamburg landscapes to create a new thriller classic. With Bruno Ganz, Dennis Hopper, Sam Fulcher, Nicholas Ray, "Fay," and Evan Jensen, the film "Vincent Canby" (127 min.) Color, German subtitles, 2200.
Unless otherwise noted, all films will be shown at Woodruff Auditorium in the Kansas Union. Midnight Movies are available at the SUA Theater and are available at the SUA office, Kansas Union, 6th Level, Kansas Union. Information allowed.
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