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HomeMy WebLinkAboutThe Huron Expositor, 1975-01-23, Page 127 4, 6, P XP $11TO NURY 23, 1076 lipfon' F of k-ho'cis' F1 -9 9 "Is It'* re -CO.nadu nflarlon DO retession ;b!, rob Inflation,' not recession 'Is stillthey are fulfilling ft frit of the sword. During times of inflation And a solid farin background and' the major Ich Rrobigm in Canada or strong growth, he said, use of were mixed, He Farm Improvqment Act wh the results V� V� V� ling to Cliff Shiwfelt from credit could mean big a admitted the problem of gqtting according was to "encourage the banks t odic outkok-­tS ins i the Agriq r of During times of rece 'sig, he young people into f4rmin4 i$ a tend term money to the, farniing t Sal Can & s agriculturi industry marketed could be up by, six to the Royal Bank of Canada. 'd, the cost of.credit Could cut tough ofier. community". .14 in a pretty healthy state qnd the eight percent, ihe large portion of Mr. Shewfqft, spea ng to deeply into the •rese-ves of -a "I do'n't Ano%� whit "'to Now, he said, the banks Wore odtlook for 1975 is for continued light animals 'will mean,' a thi form �f ,of willing to provide term motley to about 200 farmers at e monthly business in asking the next' generatioh to d6 ,,.growth - higher production, somewhat smaller increase in the meeting of the Ii ron County (and, machinery or'stock. W661 %%C'M Selling $1500-alii•acre farmers the same as to other k oxpanded trade and improved total beef output in pound' People should think of land on the basis of'three year -Federation of A 'culture at the s of business6sand di4n't need a kick gross but. lower net farm income. . Prices. for Al and A2 steers' at 'd "How many in t e head " h turnberry entral School, productive credit he 4,said, $3.00 qorn " bj; said., -is the said; which' le T, Wingham lind produce only w] said that the Bank is meaning the borrowed money *ars did' The sensitive sppt is the livestock Toronto could avers e" in the $50 ihat' discounted-ifiterest;aW V t1J.L. means to the banks. We industry where producEh_�Iaught 'to $55 a hundredweight range for expectiiig a real growth rat �e of must- return Ahe, cost of the $1.00 corn?" But the financial 1s, N by high input ^costs, will the first half of 1975, as compared three per cent in the next year. borrowing s'a profit. In times institutions can't be expected to government does not pick-up the experience difficulty until a with the $48 Per hundredweight Inflation is still a very real tab f6r'the discount so the bank tui of inflation his is not difft In solve the whole problem, he said, rationalization of feed prices and av(�Tage for those grades in the e per cent, h4o'said, can, ratio .... . . . . . . I problem, he said. Unemployment times of recession, however. this �, Corarpenting on Fprm must, On livestock populations takes .place first half- of 1974. Wide price mean the difference between is still not high' endugh,to hint is much more difficult. The ratio Improvement Loans and the fact 6f-b��rlowed, capital to real assets banks are straying away from on a worldwide basis. that recession is As serious in profit and 'logs for the banks.-, spreads between the higher and The present situation and-thc lower grades of slafig'hter cattle (The Blyth Standard) 1. Canada as in the United States. t needs,,jo be. higher in times of them' he said thdt the banks feel outlook for 1975 by.commoditieg, will likely continue in 1975. he warned, however, that there is recessiop be'says, In times of has , been gonsidered by The profit potential may be usually a sixi�w6nth lag between 'loss, he says. a�f rmer with only a Agriculture C nada economists improved by cattle feeders this' trends'n the -U.S. ankcanada. If 25 percent equity in his farm and' their sumn aries follow. year, largely as a result of lowei reciion. hits Canada, hf warned could be wiped out in only a y4y. he farmers Gross farm i come in 1974, priced feeder cattle. However, t to be in a stab e He told farmers: that. they *to, tistics Capada's prof4k will still be greatly' Ina records accordin f position. "The banks s uld have a good sc�� t P__ ___ preliminary figures, was $9.2 infloafted by feed costs. will stick with y ou­ he promised. an facts of pas or ance in billion, an incre4se of $1.8 billion ,Hogs y I I Asked for indicatqrs to watch hand e a going t see their over 1973. Operating expenses, Farmers will be paid more for for -to tell if recession is setting in bank mana . He aid farmets however, went up by more than a their hogs in 1975, Agriculture he said to keep an eye on the must be able o ay their total billion dollars and, taking into, Canada economistsgasBank of Canada interest rate reserves and the structure of their E swon Whether their predict. account'depreciati6n, ellarges and fit r overall, pro which will drop if recession seems assets and be able to explain what the v4lue of inventory changes, picture.wi)l improve depends 0 close; watch the housing starts they hope to "�achieve With the. the net farm,incoine for 1974 was what h'a'ppens to feed grain pricers, which will 'decline; watch credit they want. and the costs o f •-their other $3.39 billion, up just slightly from n exports whi�h information, he said, talk eye -ball 0511:1 0. 01111 $3.34 billion in 1973' unemployment which will Once you have this inputs. increase and Lyrai V, The outlook for 1975 is for a Canadian hog producers have A HARD JOB JUDGING Judges John Murphy, will decrease. to eye-baill to your bapker, If he's slight ncrease in gross Irf+corne reduced hog numbers by three left and Lorne nnla -1 thf­'rnnQ"It with Alf PnQ-nQ :'Recession takes V11M, he new, cion`'t reci you have to test but another substantial increase, percentsince 1973 and re4uced they prepare to announce the winners in the said, "when industry in general in operating expenses crises leaving the' br6eding stock by five per cent• hirfi.,If be doesn't Understand Centenrvial beard growing contest, which ended says "Whoa". that's enough. t arming, help him to.understand Thus, hog rharketings will be it rather than criticize h* farmer with aJower net income Friday night at the Optimist Winter Carnival,, Ron has to pay, higher salaries to ' s _h than in 1974. 46wer. in 1975. Ue hog slaughter Brady and 'Jack Bedard are in the baokgrouno. workers, V -will layoff others." During the questi period he Wheat for� the first half of 197S is The comments on the. economy was asked how a young farmer. World requirements fol wheat (Staff Photnl A . .45.0 %� '* expected to be down by six to increase at a rate of about' 3.6 pet ' A; seven per cent. cent a year calling fpe an increase This should strengthen rices of some six rpillion tons of on the Canadian -market and hog production. Failure of 1974-75 prices at Toronto for the first supplies to measure up to quarter of 19,75 are expOtted to expectations in spite of efforts by Average above the 1974, January - many countries for increases March aver -age of $51. Normally, means that world stocks will be the market is lbwer in the spring, r d.wed to 46.5 million metric but "this year, hog prices at t, ins from the 57.5, million metric T t- . 1A came ur ng a 4— o,4 a was suppose to get Into usiness answer riodat the end of Mr. without going deeply in. debt: He Shewferg ' speech on farm said be'had worked on a high debt financing. . I ratio with some young farniers �Jc said credit was a two-edged because of their good, education ,Pe'-0'%-*V0%,1e` eatmg pet, 3 t ns on hand at the end of the 0 .0 cou remain ' firm We often bear people talk in, home for the elderly; what must, through to the. Summer, es i t h d with fshortages n ion wjoo 73-74 -crop year. averaging well above. the $42.25 connecton& do? There must be enough foods worries In Canada, the acreage =per figure India that we Aouldn't help them children to take care of'them, for 11 bund` eight igure age • We have 'received a shipinent Increase expected, in 1974 may recorded-fo " see nd quarter of until they take care of their' They are in fact the ofd occur in 197S Plantings 1?f 27 28 ..1.974, IA'the last haff of the year, e and of limiting pension of the parents. So in• million acres would be in keeping their large families, Before we • order not to starve whe'n one gets 0 qgn cprices should be at leastequal to (is'less holy cows fu ture with production needed to t pass" judgment we should first old' a large family is a necessity.. of baggld he $54.40 'per hundredweight el .1 1 1 1 1 1 replenish. stocks and meet export average for the )atter part of 1974. take a look t our own holy cows. Most times it has to b large' Re -ports of poor people eating showkMarketplacb, pciiiiting out commitments: This will require,a Sheep and Lambs We don't have any?. Oh yes, we because of the high death'.rate pet foods to stretch their food the dangers of eating pet foods. reduction in• the sunrmcrfaltowmists have. -among the very y oung, Old age budget have Huron county Not everyono--in attendance, from last year's almost 27 million Agriculture Canada economists REA expect lamb pric&s to remain high How many of us who are not security is a must before parents farmers concerned. howeAt, was in. favour. Two acres.in-1975. from European extraction will cat can begin limiting their families, Farmers in attendance at the farmers felt the letter mikht'scaFe ' World stocks will have to, be Last year, lamb prices hit eels or 'how many of any and this social security can only Huron County Federation of off !people from buying pet fa6ds and 1, 1 rebuilt 'sub'stantialtly before any record highs at Toronto and other back will cat snakes. Not be achieved when a country is Agricultbrc meeting in Wirrgham even for their pets, thereby significant pricb dbclines occur. Canadian markets in response to many, but they. are an excellent wealthy enough to pay for it. on /'I. Thursday" night were depressing the pet food business steady consumer dem1nd. There I Feed Grains source of protein and very tasty. pyticularly upset over a and •Surther . pinching the dead Prices remain high. find world How maiay of . us would cat At , the Farmers. Week in tele shown on stock, removal companie were, fewer sheep and iambs v1ogram . ,! who are AMONIUM, trade in feed grains is expected to dogmeat: It is an excellbrit food, Walkerton last we'dk, ,Eric C.B.C..in which sandwiches made a touch - financial marketed in 1974 following a six already in decline by more than 20 per cent der rit declinie' Ontario dfpet foods were passed out to situation of. but we prefer jo -keep them as Winkler, of, the because , of - ci in tht number; 1�111L . ;! . . in -1974-75 with Europe, Japaft.A;ceded'; that in peopM Ibif "the" sfiM NvM meat prices. s eep on Canadian farms. "'Pets and which v/6 -are tited qf,::governAient con I and .6.c Sovief'Union importing - them we"'0nd them to th�!10'rder to help pay for the cost interviewed for comments on the But one farmer warned, "As NITR ATE substantially Icss` The sheep and lamb population will probably continue to drop humane society fordestruction. Is incurred by the Bruce Nuclear tltste.Tlle only conclusion from farmers, it's our duty not only to World prices are not, likely to again in 197S, tft!�W not as much there any difference with India's Development , the county would the _,prograni, one 'farmer produce food. but to waril. our Limited gLuantities Are'Available On A ­-Iffove -ffdcIT15-W—cr, VtYtIL there, y_C6w§7-A-Mf'Wis —weconT-ar Zzi asi —4.er �he aW­50-1 e­havii to attraut-more-s�c�m&ry -1s-. h- 4, - is Th efpW �nsu-merg'th-xt-§o-r-ii-e--fo-6d or-- ry assurance sharply peak food was more tasty than foo sonic of industry ' after- the ."-fit for human consunrp&ia. We lamb slaughter will be down. family planniqg. In their eyes increased export -.�upplies. That P -religious objections 'to 'birth employment period of the First Come, First � Served Basis­ gitcseasnfor0good Iambs should be owe it to them on a human level. will deper�d*to a large extent on e 6 r higher than the 1974 coritkol may be completely silly. construction phase. It appears -, The program did not point out, The motion to send the letter the size of the United States ebrn "M $52.25 " per t less that Bruce county is now in a the farmers said, that some of the was passed 'two ► Let's. go back somewhat with '. only crop. than a century in our country and vicious circle of more,industry, pet food is made from meat from decenting votes�lamong the nearly fiaverage edweig'bit (Toronto market). "'Don't forget to feed the Birds" In Canada', the current high Wool prices, on the I giber hand, we see that the earlier people more cost and yet more industry. animals'that have died on'farms 200 persons,at the'rneeting. prices should result in some are• expected to drop. were- in the same positioti. that Before long they will be paying from. Carious' diseases and are In other, business, Ontario food companies Federation - -of Agriculture expansion of seeded acreage. To Dairy ma 4 of• het in our eyes backward' taxes comparable with Toronto, sold to., PC service overseas' garley markets t, 't Canadian milk, production is peopig are ow. When there is no -all in the name of what some call through- dead, stock companies. Fieldman Bill Crawfo d ­and'maintain adequate domestic "progress".. announced that a blitz for These animals, aside from the expected to increase in 1975 to old' age sec rit,�t ano, no eventide stocks, there is a need for 13 1'6.9 billion pbunds'. up by about disease factor, may also have . membership will be held in the 1 0 P million acres of barley. a NOTCH n 200 million pounds from 1974. large quantities of drugs in.their townships of East Wawanosh, increase o# 13 per cent over 1974. We'st. Wawanosh and Colborne. Oats s are jin tight supply and to Although there is potential for a systems, the farmers said, which TOPNOTCH FEEDS LIMITED larger increase in milk output, the might cause harm -to -humans The'Federation presently as -2200 meet prospective demand there is Osborne lists F75 priorities members in the county. The need for an acreage increase . I to 7 industry will be influenced by eating the meat, particularly to high feed and other input costs. peovie sufferingfrom allergies. Ministry of Agriculture estimates million. Rye acreage. of 843,000' At the first meeting of 1975 of A petition for a municipal drain Butter production is norAikel' r motion was made that a letter there are, 3100 farmers in the was adequate last year and need , y Usborne Township council newly presented by Gordan Pratice and to increase from -1-974's level. of be sent to the C.B.C. consumer county. Phone 527-1910 Seaforth not be increased. But an increase 231 million pounds. 'Butter elected ReFve Walter McBride ' ide P ill Cr"onyn at Lqs 3 and 4 in corn. acrpage above last year's imports in.1975 are expected to be outlined the important projects orices lo and 11 - was i ace p d and w I be forwarded to 1.4& million acmes is desirable.. . close to 1974 levels. of about 50 for the coming year. Oilseeds engineer A. .Sprint and WEDDING INVITATIONS million pounds. McBride who moved -up from World oilseed supplies sufferdd .1 Totil farm cash receipts from the deputy-reevc post to replace Associates for rvey and from ii 20 per cent decrease in the sale of milk and cream dill the retiring reeve Lloyd Fcr&report. THE HURON EXPOSITOR, production by soybeans in' the ©®�QO�' -� likely hit record levels agai� -in listed developmetit of . the Land severance appli a' s, -SEAFORTH'' U.S. in 1074, but oilseed. edible from Archie Etbe'rington and PHONE 627-0240 1975, up from 1974's $1.1 billion. township's secondary plan and a oil and of seed meat supplies from Walter Creery were' approved. PLANT'' FOODS (1974) INC. Milk cows*bn farms numbered ..�aiiitary landfill site as the most other parts of the world are .9 about 2.08 million in, June, 1974, urgent items of business. increasing. Brazil is increasing a decline of 72,000 or three per Salaries and wages were set for C1 I 'IN e soybean producticin, the USSR - -oni 1973. Dairy heifers members of council and township cent ft The Reeve will had a record vegetable oil output, numbered 550,600, up two per employees. the 'West African peanut crop cent from 1973. receive $700 per' annum, the earance - HOME OF improved and palm oil,production EGGS AND POULTRY deputy -reeve's pay . will be $650 I.S. in Malaysia is up 22 der cent. " Vegetable oil supplies. Egg production "during The and each counc)llor's annual S uper Qrow G Id however, remain tightand market first half of 1975 will remain salary will be $600. above domestic table demand. ' Clerk -treasurer and tax U 9- 0 prices are not expected to decline Pullet replacements- have been collector Harry Styang and oaA by much. Bilt the price squeeze in slowsr since mid 1974. superintendent John Batten w%1_ SNOWMOBILE SUITS S the livestock industry,has reduced the demand for protein meat. Agricufture Canada economists each receive $12.000 per year. uPer foregee egg prices steady to Hourly wage rates for road Beef higher during 1975 with a higher department . ent pers6nnel for a 45 HELMETS Prospects for the beef market are hard to call this year. The past -re Fertilizers - the influence of higher prices' in fore6an -.$4,50; grader operator - MITTS Premium' turn to producers due partly to )sour week were set as follows: year has been� an abnormal one for the cattle markets. What the United States and to the $4.25, machine helper -s - $4 and further - market adjustments pricing policies of the aCanadian day tabour $3. Rski-109 mw-- ROOTS Egg Marketing Agency. During The waste disposal officer will -producers Will make in 1975 is q still.not clear. the year,supply must be brought receive $25 per week, livestock GOGGLES Locally formulated for top profit on all crops. t Supplies and prices of feed, more closely in-line with demand. valuators are to get $20 per call meat trade quotas with the United It is estimated that 1974 egg and car mileage allowance rate States and the general state of tAe production in Canada exceeded was set at 17 cents per mile. OTHER ACCESSORIES TO INSURE YOUR SPRING SUPPLY NOW rest of the economy -will all have 500 million dozen from a laying The road maintainer rental rate' an impact on beef Rices in the flock that grew to about 27.5 was set at $12 per hour for County' BAGS or BULKXONTRACT. coming year. . milli6n birds. The flock is and Township and $-17 for However, some market factors 'expected to be down to 25.7 ratepayers. Snovv plowing rates COURT SWARTHOUT can be pr�dicted; million -by June 1975 and will be $12 per hour for the SPECIAL SALE,- PRICES. 524-8881 (After 6.Q0) Agridulture Canada economists hopefully�,279-iAflliQn for the rest Of toWnsiti and $26 per hbur' for 4F a expect beef output to be up again e 5 HINZ Warehouse 17 the ear. That should produc ratepay, s, Rental of the power GLOOR Warehouse in 1975. Cattle numbers n about 482 riiillion dozen eggs in mower will be'$tO per hour. on All - 1975 '1975. a 347-2636 Canada have been steadily Reeve Walter McBride and 347-2712 ug Part of the heavy' egg Councillor Jack Stewart were increasing since 1970. Although Skb.-Do? ,Ma' DEITZ Warehouse AUBURN Warehouse beef"br6eders are noorputt -g on productigh of 1974 is attributed to named to represent the to�X,nship see c4riged ;tketing patterns an the Exeter and area fire board .527-0608 the brakes, 1975 will stip526-7262 --increased numbers bf.c e on brought Ut by the non- while deputy4eeve Bill Morley in sto'ck the market. regulated egg producers. and councillor Murray Dawson BOB BEUERMANN,,Phone 345-2467 This tvill be particularly true for Due to the high costs of poultry are representatives of the a. cAtvd§, cows, heifers and light meat, production has been Usborne recreation committee. •PMstedfsk as farmers reduce herd *&creaslng- Howevet, thd�carry. Named to the Kirkton Community Ward's Farm Equi h tj2eg ghd ghip �lightbr animals over of pdultty meat in storage is Association and the Kirkton- -e,ORTAR1PLANT T0,�D'�, thAtc, usual beeause of high feed large M3 the decrease will not be Woodham Community Centre J .,0 GordonBOX 216, DELHI casts thtough the vitiqtpf months. reflected ' by the marketings Board was councillor o Phone, 348—.8702 Mitchell Although the nurtt0et of cattle through the first part of the year. Johns. V I .4.