Clinton News-Record, 1959-09-10, Page 9Credit. Unions May Solve farmers
Problem In Gaining Ample Credit
(Ay Carl gemluaway)
,UNIFORM QUALITY MAXIMUM HEAT
Esso
HEATING FUELS
Esso 'Furnace 01!
of,for Automatic Burners
Esso Stove 011
.Gravity Fed Heaters
*ft
ANOTHER
GOOD REASON
FOR DEALING WITH
'The man you like to call"
for FAST, EFFICIENT
HELPFUL SERVICE
,ALWAYS LOOK TO IMPERIAL FOR THE BEST
HAROLD M. BLACK
CLINTON Phone HU 2-3873
•
1000 LBS. EXTRA MILK
CAN BE YOUR REWARD
for properly feeding your milk cow during her dry period. This is a period of pre-
paration for the "Happy Event", It is time that must be fully utilised if your Dairy
cows are to do their best in the productive months ahead,
SHUR-GAIN DRY and FRESHENING RATION "A"
(WITH ADDED VITAMIN "A")
Fed at the recommended rate, will provide ail the necessary nutrients, to balance the
roughages and ensure healthier cows at calving and right through the ensuing facto,
tion. Just a few pounds daily of SHUR-GAIN Dry & Freshening Ration "A" fed dur-
ing the dry period can mean 1,000 lbs, extra milk during her next lactation . . a
great return for your feed dollar.
SHUR GAIN
DAIRY FEEDS
PRACTICAL FEEDS
THAT INCREASE DAIRY PROFITS
Canada Packers Limited
Phone HU 2.9301 or HU 2.3815 Clintolio °Murk)
FARMERS
We are shipping cattle every Monday for United
Co-operative of Ontario and solicit your patronage. We will
pick them up at your farm.
Please PHONE COLLECT not later than Saturday nights,
Seaforth Farmers Co-operative
H. S. Hunt, Shipper
Phone 773
43-tf b
Johnny won't be in school
this morning
His mind full of plans for the day, Johnny forgot to
watch the traffic. He didn't get to school at all that day;
or for many days while he recovered from his injuries.
September is back-to-school month, and the start of
the Ontario Department of Transport's Child Traffic
Safety campaign.
Teachers in every school in the province are helping
youngsters to stay alive by teaching them the rules,of
traffic safety. Will you help? Remind them always to
cross at corners, obey traffic signals and look both ways
before crossing.
Your Ontario Department of Transport urges you to
make sure they follow all the rules of traffic safety.
9029
114-14W,?4,41 -'4,1441',V4K4.P.v -4,44 Vero "'.41.411.4.143,1 " - V... V.—.V.V.V.....9,4Pe46,3 • '••• F,AKW PPM.—
OAC Suggests Reduction in Hogs
But Not Complete Production Drop
'Soon Nancy's pet will be in good hands. Nancy
.will feel better, too, because she knows the doctor
will know just what to do and how to do it.
In so many ways, we look for help to people in
'whom we have confidence—people trained and
-experienced in their specialty.
For instance, when you walk into a bank, whether
%to make a deposit or discuss a financial problem
"with the manager, you know your banking needs
will be attended to expertly, faithfully and in a
friendly, personal way. It is something you can
depend upon in all your banking.
THE CHARTERED BANKS
SERVING
YOUR COMMUNITY
HOLMESIVILLE
41 y Mrs,
lYTr. and Mrs. 4Tohn. young, Nen-
neth And Audrey,. Toronto, spent
the holiday weekend at their ,cot-
la on the Cut Line, auction will go over the eight
million mark in 1959--a good one
and a half million more hogs than
last year and 38 percent above
the average for the last five
years. And. Ontario which Ac-
counts for one third of the coun-
try's total is heading for an all-
time high," comments It, P. For-
shaw of the Animal Husbandry
Department at the OAC,
"As of May 31, stocks of pork
in storage were almost three and
a half times as heavy as in the
three previous years, even though
our domestic consumption and ex-
ports to the US have been well
ahead of a year ago. As this stor-
ed pork must eventually come on
the domestic Market or be export-
ed, it will have a depressing effect
on price until storage supplies are
down to normal levels."
"Production to date is still 'run-
ning about 40 percent heavier
than a year ago," says Forshaw,
"However, the Dominion Bureau
of Statistics indicates that there
will be a gradual reduction to the
1958 level`: Only a„ general cutting
back in production will bring our
supply and demand in better bal-
ance."
How should' a farmer adjust to
the intended drop in floor price
on October 1? The rigor price is
expected to drop froM $25 to $23.-
65 per hundred weight for Grade
A carcasses at Toronto,
Says Forshaw: "The floor price
of $23.65 for A grade will result
in a drop in price of.about $2 per
hog. This will almost certainly
cause a slowing down ,in. pig pro-
duction. The. indiVidual farmer is
advised to cut back—but not cut
out his swine unit. Tri'1953, when
the support price was reduced
from $26 to $23, there was a very
marked drop in., hog., production.
This resulted in a " $40: price in
July, 1954 at a time when..many
farmers had gone completely out
of pigs. Such marked changes
aren't in the best interest of the
individual farmer or the swine in-
dustry".
Other suggestions: when pig
prices are low, Forshaw says far-
mers have a chance to improve
the quality of their breeding
stock. Good boars including those
eligible for the bonus paid by the
Ontario Departmerit of Agricul-
ture will be' more plentiful. And
at the lower ,priges,•the $2.50 bon-
ma;Alios
Huron C000ty
Forming Report
toy D, .if. Mlles,, Agricultural
gepresentative for Huron)
"A few fields of grain remain
unharvested, but harvest of coarse
grain is, generally, completed.
"White bean harvest is taking
place under ideal weather coria,
tions. Both yield and quality is
higher than originally expected,
"A great deal of fall plowing
and after harvest cultivation is
taking place. Some fall wheat has
been sown but most of the crop
will go in next week. It would
be expected that higher acreage
will be sown than in 1958,
"There was a fairly active
movement of finished steers to
market last week."
us for A grade carcasses will take
on more importance.
""Anything .a farmer can do
such as selecting better breeding
stock, feeding balanced rations,
and marketing at lighter weights.
will improve his . returns. At the
same time, it will prepare him for
the price' rise. when it occurs,"
The executive of the Ontario
Farmers' Union on September 4
passed a resolution condemning
the Canadian Federation of Ag-
riculture, The Ontario Federation
of Agriculture, the Ontario Hog
Producers Marketing Board and
the Ontario Poultry Producers
Association for their recent at-
tempt to scuttle the Government's
new Deficiency program.
Ontario Farmers' Union pres-
ident Gordon L. Hill, Varna, said
their action clearly indicates these
organizations are no longer in-
terested in the family type farm,
but appear to be working for
commercial interests.
Offer to purchase type price
supports have failed miserably to
maintain realistic prices to pro-
ducers, Mr. Hill said, but have
resulted in the government
acquiring burdensome storage
stocks, that threaten the whole
price support program, He con-
tinued, to date this year the gov-
Last week I Was happy to at-
tend. a meeting of the Huron Cou-
nty Chapter of the Credit Union,
The group toured CNN); radio
and TV station earlier in the
evening and came out to the home
of George Michie, president, for
the business and social part of
the program,
Credit Unions are not nearly
So widespread in, rural areas as
they are in the cities but in Hut-
on they are progressing nicely
in Goderieb, Clinton, Exeter and
Eielgrave,
This is perhaps another line
that farmers should be taking a
look at. We have gone a long way
in supplying our needs through
Co-ops and marketing Organiza-
tions but so, far have overlooked
what we need most—money.
In many cases we have run to
the Government for assistance
just as we are now seeking in-
creased credit only to find that
the "pot of gold" at the end of
the rainbow disappeared as we
approached.
The money from the sale of
ernment has purchased 20 percent
of the eggs handled by registered
grading stations, in addition the
government now owns 108,000,000
pounds of pork. Very limited mar-
kets are available for these com-
modities, and with storage facil-
ities taxed to capacity the Stab-
ilization Board is in an impossible
position, Any suggestion that the
board continue to purchase is
completely unrealistic, Mr. Hill
stated, because vertical integra-
tion will completely bury us in
product.
The Ontario Farmers' Union
through the Interprovincial Farm
Union Council have advocated
deficiency payment for several
years and although not complet-
ely satisfied with mechanics of
the program we appreciate that
Mr. Harkness is attempting to
overcome some of the inadequa-
cies of the previous plan, said Mr.
Hill.
Under the new plan producers
will be required to register with
the Stabilization Board and will
receive payment according to the
amount of produce marketed. A
limit to the amount of payment
anyone producer may receive will
be imposed to eliminate discrim-
ination against family type farms,
Mr. Hill said.
The Ontario Farmers' Union
favours a deficiency payment pro-
gram covering all major farm
products, and on a specified a-
mount of total production to en-
able farmers to specialize in cer-
tain products if they wish. There
is a possibility that the commod-
ity basis may encourage diversi-
fication. However, Mr. Hill said,
the Ontario Farmers' Union ex-
pects that as additional commod-
ities are added to the plan a
method will be found enabling
producers to collect their entire
deficiency payment on one corn-
modity if they so desire.
Most men will lend a hand
much quicker than they will mon-
ey.
hogs is providing the Organiza-
tion with considerable assistance
in financing just while it is sit-
ting in the bank waiting for the
farmers to cash their cheques.
The same thing is happening
in a much smaller scale with in-
dividual businesses, When a farm-
er sells cattle or pigs he usually
cashes his cheque promptly, He
takes some cash for immediate
purchases and leaves the rest in
his account to cover a cheque
which he will probably write sh-
ortly to cover some larger pur-
chase. This is the money some
other farmer borrows.
The average farmer will have
an average of $100 in the bank
each week of the year. True one
farmer might sell some cattle for
$5,200 and only have it in the.
bank a week till he buys some
more but it is still an average
of $100 per week,
Spread this over a large nurn-
ber (say a thousand) farmers
and there is a total of one half a
million available credit in the
community at all times. If you
do this through your Credit. Union
the earnings of this money will
return to the members.
Then too since your Credit Un,
ion is controlled by .a local board
of directors you needn't worry
about word suddenly arriving from
a head office miles away stating
that there is no money available
for loans today,
This apparently happened re-
cently with at least one of our
banks.
Yes. Perhaps we should con-
sider our .own financing instead
of depending on our Government
for support only to find the sup.
port isn't there when yOn need it,
"Looks like Canada's hog pro-
IN GOOD HANDS
OM' Condemns Other Farm Groups
Unhappy Over Deficiency Payments