HomeMy WebLinkAboutThe Brussels Post, 1979-03-28, Page 5ATTENTION
ROYAL BAN K
announces:
For a new deposit
account we have
an Easter Surprise!
Limited offer while supply lasts.
ROYAL BAN K
serving Ontario
BRUSSELS
FOR ALL REASONS
There are any number of good reasons
to borrow. We'll offer advice, and the
money to see you through.
VICTORIA
AND GREY
TRUST
Since NV
VG
Contact our office:
Main Street East
Listowel
291-1450
War
• Member: Canada Deposit Insurance Corporation
Bicycle Sale
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NOW is the time to get your
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THE BRUSSELS POST MARCH 28, 1979
Wheat producers
will get !cheques
Farm Business
Management Topics
What happens with money?
BY J. J. HAGARTY AREA
COORDINATOR AND
- FARM MANAGEMENT
SPECIALIST
It is very common to hear
"I got started in, farming
with my first 4-R calf at age
12. And things just seemed
to grow from there." The
word grow is significant: The
physical growth of a calf
through stages of 'yearling,/
two.year old and mature cow
is accompanied by growth of
her owner. Not only physical
growth. But also growth in
the skills and art of livestock
management occur. Motiva-
tion comes easy when it's
your "very own animal."
We don't have the same
growth experience in the
area of farm business man-
agement. The money side of
farming is usually left to
Dad. Often, young people
just ask whenever they need
funds. "Dad, I'm going out
tonight and I'll need ten.
Correspondent
MRS. CLIFF BRAY
887-6086
A euchre party was held in
the Ethel Community Hall on
Monday evening, March 19,
and 16 tables were played.
Winners were: High Lady -
Mrs: Charles Keeso; High
Man - Cliff Beirnes; Low -
Edythe Cardiff and Mel
Jacklin,
Most lone hand - Mrs. C.
Keeso; With the most 2's on
the score, card - Wm Machan,
The next card party will be
held April 2.
Mr. and Mrs. Doug Evans
and family returned home on
Saturday from a skiing trip in
Quebec.
Blanche Dobson of
'Listowel Connie Smith of
Cambridge and Helen and
Darlene Dobson visited
Wednesday in Owen Sound
with Mrs. Roy Hall and Dr.
and Mrs. George McKee.
Dr. L.A. Wardlaw and
I
BERG
ale. -- service'
installation I
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I I I ° Barn Cleaners 1
I ° Bunk Feeders I
I °Stabling I
I 1 Donald G. Ives 1
i R.R.02, Blyth I
I Phone: I 1
I Brussels 8874024 1
tucks," doesn't teach much
except those skills associated
with begging. Some received
' an allowance or wage. And
you budget it or go without.
That's training for the real
world! •
' At a recent 4-1-1 .Farin- -
Management Club meeting.
we played a game. The idea
was to see what happens
with money around a farm.
The members played differ-
ent roles. We had a market-
ing board man, a farm
supplier, a banker, a tax
man, an accountant, a farmer
and his son. The farmer
received a monthly cheque
for $9,000. And he looked so
pleased! But, he started to
frown when the farm sup-
plier took $4,000, the banker
took $2,000 for interest, the
'tax man took $700, it cost
$800 for family living and he
paid his son $500. He was
left with only $1,000. It was
Mrs. Wardlaw of .Toronto,
Mr. and Mrs. Benny Craft-
chick of Brantford, and Miss
Susan Wardlaw of Waterloo
visited with Mrs. Douglas
Wardlaw on the weekend.
Mr. and Mrs. Jim Davis of
Lucan and Mr. and Mrs. Carl
Gowing of Bluevale were
visitors with Mr. and Mrs.
Cliff Bray on Sunday.
Phillip Weber visited re-
latives in Detroit during the
mid-term break.
explained that income for
labour, management and risk
is necessary to acquire capi-
tal. Since he owed $200,000
to the bank, this $1,000
would need to be paid to the
banker. This reduced his
berrowed capital to $199.000.
He grinned and said, "I -guess
that's what Dad means about
not being able to pay me a
bigger salary." They could
understand why it was sensi-
ble to gradually transfer
own ership of some livestock
e.g. calves, for a portion of
wages earned.
Many a city businessman
gets started as a small
business boy delivering pa-
pers.. He grows up with
. teems profit, loss, cash flow,
and a sense for the dollar. He
knows that $100,000 invested
for 30 years at 8% compound
interest will grow to over a
million dollars. And he'll not
be too surprised to hear that
by changing the interest rate
to 16%, the growth of
$100,000 over 30 years will
be over eight million dollars.
The Ontario Wheat Pro-
ducers' Marketing Board will
be making an interim pay-
ment in April to producers on
} their 1978 crop wheat.
The payment will be $37 •
1 per tonne or $1 per bushel.
Plans call for the cheques to
be distributed to producers
during the third week in
April.
The first interim payment
cheques will cover wheat
sold by producers to the
end of February 1979. Subse-
quent payments will be made
on monthly producer sales
for March, April, May and
June, as records are pro.
cessed by the board.
The board final payment
for 1978 crop will not be
known until fiscal year end in
June.
Board general manager L.
R. Addeman emphasized the
payment is being made
from board sales„ receipts for
1978 crop, should not be
confused with the current
federal stabilization payment
being made to producers for
1977 crop wheat. .
Crowd plays
euchre at Ethel