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HomeMy WebLinkAboutThe Exeter Times-Advocate, 1977-03-03, Page 19WELCOME FEDERATION • The Ontario Federation of Agriculture held a two day session in Wingham this week with five area counties part- ticipating. Above, Huron president Alan Wolper of Grand Bend welcomes Ontario Federation secretary-manager Jack Hale. Federation meetings to hear local farmers CONCRETE "TILT SLAB" BUNKER SILO BRINTNELL CONSTRUCTION LTD. RR 1, GRANTON 229-8244 Also Clay or Beatty Farm Equipment corn rootworms: Use Dyfonate 20-G insecticide Avuoisvoirtersmosissorsoillatonamossols• KIRKTON-WOODHAM COMMUNITY CENTRE . KIRKTON, ONT. PINERIDGE CHALET Hwy. 84, 2 Miles W. of Hensall Tuesday, March 8 Wednesday, March 16 9:30 a.m.—early bird coffee 10:00 a.m.—program begins 9:30 a.m.—,early bird coffee 10:00 a.m.—program begins " 4*. Hay Mutual continues to show steady growth Page 19 `Reg. T.M. of Stauffer Chemical Company, U.S.A. The Ontario Federation of Agriculture executive moved into Huron County this week to hear directly from local farmers what the Federation should be doing for them. At a televised press conference in Wingham Monday, Peter Hannam, president, said that it was important for the executive to keep in close touch with the grass roots. The press conference kicked off the executive's three day visit to Huron in which they met with local farmers and members of the County Federation executives from Huron, Perth, Bruce and Grey. Hannam told reporters the Federation was very concerned about the tariff negotiations between Canada and the United States. The agreements which are only negotiated every ten years are unfair at present ac- cording to the OFA, A Federation farm survey points out that to export corn to the U.S, it costs 25 cents a bushel, but only costs eight cents a bushel to import it from the U.S. There is no public awareness of the inequities in agriculture tariffs, Hannam said. "We are going to create the pressure so they are aware." Ralph Barrie, 1st vice- president of the OFA, said far- mers would have to go on the offensive over the issue of a' national food policy. Many consumer groups have criticized the government for not having a national' food policy when the government does have an "adequate" one, he said. Director Grace Stalker said Ontario has the "best food system in the world". She said through the marketing board system the consumer is supplied with a steady source of food at a reasonable price. The executive refused to commit itself on the issue of whether or not an agency marketing board should be set up for the beef industry. "We will be glad to aid the beef people in any way we can,'/ 2nd vice Bill Wolfe said. Mr. Hannam said the Federation was looking into mandatory membership in a farm organization by all farmers. He said any farm organization makes a contribution to all farmers. "It is sad only a portion of farmers have to pay for it," he. said. Under mandatory mem- bership, every farmer in Ontario would have to contribute a fee to some farm organization of his choice. The press conference will be televised on CKNX's Farm Focus show Sunday. At Saturday's annual meeting of the Hay Township Farmers Mutual Fire Insurance Company retiring president Elmore McBride reported the company continued to maintain a steady pattern of growth during 1976. The financial statement showed net income for the just completed year at $141,351. The comparative figure for 1975 was $170,984. The amount of net insurance in force increased considerably during 1976. As of December 31, 1976 thp total stood at $132,240,707. At the end of 1975 the figure 'was $111,094,160. Premiums written during the year also increased to $495,750 from $448,404 in 1975. McBride continued, "Your directors are ever mindful of the fact that the principal objective of a mutual life insurance company is to offer insurance at minimum cost to its policyholders." "One of the major cost factors is a company's surplus. It is necessary that the objective be to conduct business in such a manner that the surplus grows in proportion to the insurance in force. Surplus is the word used in the Insurance Act with reference to a mutual company's reserves that are held as protection for the policyholders against future losses," In 1975 our surplus was 63.6 cents per one hundered dollars of insurance in force. Our 1976 statement shows net earnings of $141,000. However, when this is applied to the amount at risk which increased in excess of 21 million dollars over the previous year, our cents per hundred at the close of 1976 only a half cent to 64.1 cents. In view of our in- creased writings it is very im- portant that the reserves of the company keep pace with our growth." All phases of our business have increased, showing a greater amount at risk. This can be at- tributed to the growth in farming operations, business, and the increasing awareness of the policyholder in keeping his in- surance up to date, and also. by the inflationary rate of our time. As our company grows we are endeavouring to meet present day conditions by continually updating coverages available. Comments and suggestions for improvements are always welcome, as we like to be known as a local company which has the best interests of its policyholders at heart, Changing conditions, new legislation and ever increasing demands require new and im- Howard Datars ,.. heads Hay Mutual proved services. Therefore, education has become an im- portant aspect of the services offered by Ontario Mutual Insurance Association and the Farm Mutual Reinsurance Plan. Again during the past year adjusting, management and agents seminars were held, with several of our directors, agents and managers attending in order to increase their knowledge on these complex matters. One of the first moves of the new directors for 1977 was to adopt a $50 deductible clause which will be applicable to all losses except livestock and liability on policies written after January 1, 1977. Secretary-manager John Consitt told the annual meeting this move would simplify the system. Consitt added, "Under previous regulations some policies had a deductible clause and others did not, This will put an end to the confusion, The policyholder is given the option of buying back this deductible at an additional premium." The Secretary-manager also said the change was deemed necessary to keep pace with the general insurance industry. All policyholders are reminded that fire extinguishers are available from the company office at cost and there is no charge forrefills.Smoke detection units have been ordered and will be on hand for those interested. Electric engraving pencils may also be loaned from the office or agents to mark personal items for easy identification which is an effective deterrent to theft. Robert Glenn, Clinton, was acclaimed to the only vacant spot on the board of directors. He replacesoard. Mel Webster, Clinton, who served nine years on the b Howard Datars of Dashwood was named president for 1977 by the board of directors and Carl Turnbull, Grand Bend is the vice- president, Times-Advocate, March 3, 1977 .Dyfonate %HO • Dyfonate has continued to prove its effectiveness year after year for the control of rootworms. • Dyfonate is easy to use. A free-flowing granular which does not excessively wear out application equipment. • Cut costs with economical Dyfonate. • No objectionable odor problem! This season, use economical, effective Dyfonate. Always follow label direc- tions carefully. Dyfonate* Stauffer CHEMICALt Distributed in Canada by: Chipman Chemicals Limited Winnipeg, Stoney Creek, Longueuil INTENT Oil FARMERS YOU ARE CORDIALLY INVITED TO SPEND I AY WITH TOPICS OF CURRENT INTEREST WILL BE PRESENTED BY Ontario Wheat Producers' Marketing Board Ontario Bean Producers' Marketing Board Corn and Malting Barley Specialists .„. -1. - tr TWO DATES & LOCATIONS FOR YOUR CONVENIENCE "FOOD & REFRESHMENTS AT NOON" Pick Up Your Free Tickets At Any Of Cook's Elevators — Hensall Centralia — KirktOn 262-2410 228-6661 2298986 „F df