The URL can be used to link to this page

Home My WebLink AboutThe Brussels Post, 1979-08-01, Page 33Farmers... • We will be receiving WHEAT this year •We buy and sell wet & dry Corn •We are taking your Corn Contracts now • We receive White Beans Trucking Is available for pick-up & ckilivery RYAN DRYING. LTD, Walton, Ont, Brussels Seaforth 887-9261. 527-0527 Huron Hotel Seaforth VALUES! Hwy. #8 Goettler a High Quality Low Prices ETTLER o anblin Furniture MAIN STREET 345.2250 Closed Mon. Open all day Wed. Fri. night till 9 p.m. DRIVE a LITTLE and SAVE a LOT G FURNITURE Furniture Fine Owners ofsmaller businesses... weprovide.• * Financial assistance * Management counselling (CASE) * Management training * Information on government programsfor business Can we helpyou? See our Representative FAYE COOK at: The Wingham Motel, Wingham the 2nd & 3rd Tuesday of each month on: [Next Visit: August 14] FEDERAL BUSINESS DEVELOPMENT BANK (Branch Office Address) For prlor information -tali 271-5650 [Collect] or write 1036 Ontario Street, Stratford, Ontario. MAITLAND VALLEY Insurance Agency Ltd. [formerly Ronneberg's] Auto - Fire - Casualty - Life BRUSSELS M MONKTON urray Siddall 887-6663 347-2241 BOOKKEEPING SERVICE 1 1 % Trust Certificates - 5 yrs. Maitland Valley Financial Consultants Ltd. A NE kip McGAVIN FARM EQUIPMENT . Sales & Service FORAGE HARVESTERS (with hay pickup & cornhead) 1—Fox 900 1-770 N.H. 1-260 M.F., like new 2-880 N.H. Several2—S717uNs N.H. forage harvesters In stock many makes and models FORAGE BOXES 1—Fox w/8 ton Horst wagon $ 1,495 1—Fox w/roof & new 8 ton Horst wagon . . . . $ 2,195 ' 1—Grove w/new 8 ton Horst wagon $ 1,795 1—Grove w/Martin wagon $ 1,595 1—Kasten w/roof $ 1'29 1—Turnco $9505 1—Rex w/roof & JF 9 ton wagon $ 1,695 1—Kasten w/new 8 ton wagon $ 1,795 1—Dion w/Vic wagon $ 1,750 1—Dion 3 yrs., w/roof & 8 ton Horst wagon . . $ 1,995 2—Dion on GMC trucks . each$ 2,500 w/roof on GMC truck, 350 engine, $ 3,500 1—Rex w/roof air brakes $ 495 1—Gehl w/roof $ 295 SPECIAL OF THE WEEK A.G. C w/scuffler $800 BALERS „ #46 I.H.C. Cockshutt #67 N.H. #37 I.H.C. 250 Ford - 530 Ford 268 N.H. N.H. Super 67 HAYBINES & CONDITIONERS 450 N.H. mower hay condit. 270 N.I. cutditioner 2—Cunningham condit Gehl 9' hclybine ASK FOR NEIL OR BOB 519.887-6365 WALTON S19-527.0245 pramotoir aft=rs BRITISH LEYLAND 1 I I • I I MI I In M on I I I I I I THE BRUSSELS POST, AUGUST 8, 1979 — 9 Farm Business Management Topics Management info is in records BY ALAN SCOTT • Most farmers could obtain more farm management in- formation from their existing records. 1. Add a yearly inventory for value of livestock, feed and equipment. 2. Add a debt sheet for liabilities. 3. Add production records to calculate pigs produced per sow, milk produced per cow or hundred weights of beef produced. Record sheets are available to record this sup- plementary information with- out a great deal of additional time investment. Since you have to do a certain amount of record keeping for income tax, it seems reasonable to BY: P.J. LYNCH & D.S. PULLEN We can tell you very little about white mould. We all know it can reduce a 40 bus. per acre white bean crop to 10 bushels per acre. We know that if you spray with a fungicide, sometimes you can drastically reduce the amount of damage. The pro- blem is that you cannot eliminate the white mould. Where is it apt to be a problem? In white bean fields that have dense foliage - those fields that are filling in the rows. What causes it to develop? The disease needs 16 to 24 hours of continuous moisture.,This can be dew or rain. Hot dry weather breaks the disease cycle. Can you accurately predict when or what fields need spraying? No. The spray is a prevent- ative control. The spray must be on the foliage before the white mould spores land on add some additional features to collect information which will aid in decision making. There are several direct ben- efits from keeping complete records. INCOME TAX FILING Most farmers keep records for income tax filing pur- poses. An organized set of books provides more incen- tive to keep up-to-date. As a result, the books are ready for the accountant at an earlier date. They are also likely to be in better condi- tion so that the accountant can spend less time on searching out figures and more time considering tax points which could be bene- ficial to the client. There's the plants. The only guid- ance we can give is that if you spray and it turns wet, you have received 10 days of protection. If' you spray and it turns dry, the disease will not develop. Then you will have a real good crop of beans and can afford the spray. We agree it is a very poor way to make ai recommendation. However,f until we can get more re- search funds for this problem our method of making recom- mendations will not change. , If you decide to spray,' there are a number of pro- ducts that can be used. One year of research has pointed out that to date Benlate and Easeout are the preferred products. Both can be ap- plied with ground or aerial equipment. The total cost of spray/acre is about $18. for chemical and $5. for applic-, ation. the added advantage that most accountants charge ac- cording to the time spent on the project. TAX MANAGEMENT With up-to-date records ,it's relatively easy to know the potential tax position by ear- ly December. The owner has the opportunity to alter his tax situation by making needed expenditures before the end of the year. DEBT REPAYMENT Two records are useful— the income tax return for the previous year or a projection of expenses for the current year and a record of produc- tion. This calculation might go as follows for a 60 sow operation producing 15 pigs per sow per year. Cash Receipts $100,000. Cash Expenses Excluding Interest 65,000. In this example the farmer has a cash flow that will provide $7,000. for his per- sonal expenses, $22,000. for his principal and interest payments and $6,000. safety margin for unforeseen hap- , penings. Regional summaries are now available for different farm enterprises. These summaries contain vital stat- istics such as net income equity, tillable acres, man equivalents, number of prod- ucing animals, production per animal, returns over direct costs per animal and returns per acre. It's interes- ting for the individual to compare his own statistics with the averages. This corn- parison is possible if the records are set up to include some farm management in- formation. The farmer may also find it interesting to compare key statistics for his own operation with the fig- ures from previous years. This comparative analysis is useful in pinpointing weak points in the farm business. A net worth statement is also useful in determining yearly progress as well , as long term progress over a period of years. In recent years inflation has been kind to farm net worth state- ments. However, the begin- ner has to pay close attention to make sure that the gap between assets and liabilities hasn't narrowed from one year to the next. For the more established man there has got to be a certain satisfaction in seeing a mod- est net worth a few years ago turn into an increasing figure as the years go by. Farmers are constantly plowing mon- ey back into their businesses. t•t• t.: Not much known about white mold