HomeMy WebLinkAboutThe Brussels Post, 1979-10-17, Page 16AND THE BAND PLAYED ON — The Brussels Legion Pipe band was
just one of many musical entertainments at the recent Celidh held in the
Brussels Legion. (Brussels Post Photo)
How to pick the perfect pumpkin
Farm business topics
Business agreements
BY MEL CHAMBERLAIN,
AGRICULTURAL REPRESENTATIVE,
WELLINGTON COUNTY
You say--a farm business agreement can
be made easy? Perhaps a misleading
statement--but there are some things you
can do to make it easier.
Let's talk about a very common
situation--a farm family wishing to bring a
20 year old son into the business. Son has
probably worked for Dad for a year or two
and received wages. His interest is sincere
and father and son seem to be able to get
along. How do you give son more
responsibility, a share of the income and
some idea of what the future holds? These
,points may make it easier.
1. Talk about it--as a family, to clarify
the wishes of each other. Decide if income
is sufficient for the possibility of two
families. If not, can the farm business be
enlarged to increase the income
sufficiently?
2. Think about a farm business agree-
meet. Keep it simple! Talk to your
O.M.A.F. staff, your accountant and
lawyer to help you decide what is best for
you.
3. Son will probably wish to own
assets--sell or give him some. A breeding
herd appreciates in value. You can sell son
part of the herd and take a demand note
back. He can pay for the livestock over a
period of years. Farmers on the cash basis
declare income or expenses when
payments are made. As the son makes
payments on the note, he has a current
expense and the father has a current
income.
Another idea would be to sell one of the
farms to the son. Capital gains can be
deferred and there is no longer a gift tax to
worry about. Or the son may acquire
owner-ship of some machinery.
4. Assets should be owned individually.
Father and son contribute their assets to
the business and it is operated as one unit.
5. A farm bank account is a must. All
income and expenses should go through
the account. Your record keeping will be
easier. Monthly cash advances can also be
drawn from this account for personal
requirements.
6. Appoint someone to keep the records
and make proVision to have other family
members inspect the records periodically.
7. Divide the net cash income at the end
of the year as previously agreed upon the I
each individual file a separate income tax
form.
8. Reviewthe agreement annually and
revise as needed.
A bulletin entitled "Farm Business
Agreements and Asset Transfer" is
available from the Ontario Ministry of Agri
culture and Food offices free of charge. It is
easy to read and is an excellent reference.
10 THE BRUSSELS POST, OCTOBER 17, 1979
BARBER
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At 12 Noon Als-
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ontano hydro
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Correspondent
MRS. GEORGE BROWN
335-3424
INTENDED FOR
LAST WEEK
Mrs. Isabelle Adams and
Mrs. Nellie King have re-
turned home from a trip to
Cape Cod and Boston.
The Gorrie Branch of the
Bible Society held their
meeting in the Anglican
church Tuesday evening with
Rev. 0. Laramie leading the
devotions. Business was
dealt with and canvassers
will be out in the area in the
next few weeks.
Thanksgiving Service was
held in Gorrie United Church
Sunday with Rev. Howard G.
Pace of Harriston conducting
the service in the absence of
Rev. E. Fellows who is a
patient in University Hosp-
ital, London.
Mr. and Mrs. Lawson
Campbell of Georgetown
visited Sunday with Mr. and
Mrs. Harold Robinson.
Mr. and Mrs. Maloney and
Christopher of Bramalea
spent the weekend with Mr.
and Mrs. John McCutcheon.
Mrs. Elva Jacques spent
Sunday with Mr. and Mrs.
Lewis Taylor and family at
Hawkesville.
Mr. and Mrs. Charles
Bosnian, Wingham and Mr.
and Mrs. Bert Garniss of
Morris Twp. visited with Mr.
and Mrs. Melville Dennis on
Sunday.
Mr. and Mrs. Raymond
Gowdy spent Sunday with
Mr. and Mrs. Attwood,
London.
Chief Warrant Officer
Glenn and Mrs. Austin,
Petewawa spent ten days
with his mother Mrs. Wm.
Austin.
Miss Joanne Austin and
Robt. Mowforth of Toronto
visited at the same home
over the weekend and all
visited Mr. and Mrs. Wm. S.
Austin, Tillsonliurg on
Thanksgiving Monday.
Mr. and Mrs. Mike
Harrison spent the weekend
Ontario consumers can
now buy pumpkins at
farmers' markets. Most
pumpkin- varieties do not
Every week more and more
people discover what mighty
jobs are accomplished by low
cost Post Want Ads. Dial
Brussels 887-6641.
with Mrs. Glad Edgar.
Mr. and Mrs. Wm. Smith
have returned home after
spending two months in
England and Scotland where
they visited many relatives
and friends.
Mrs. Harvey Oakes, Ham-
ilton, Mrs. Wm. Tinsley,
Mrs. Wm. Lucas and George
of Burlington' were dinner
guests on Sunday with Mr.
and Mrs. Archie Miller and
also attended the fiftieth
wedding anniversary of Mr.
and Mrs. Ken Hastie.
Mr. Cecil Grainger of
Brookhaven, Wingham spent
Sunday at his home. Mr.
Bruce Grainker, Montreal,
spent the weekend with his
parents.
Mr. and Mrs. Thos. Hastie
and Doug of Woodbridge
spent the weekend with Mr.
and Mrs. Robt. Hastie. Mr.
and Mrs. Milton Smith
accompanied them to Gorrie
and spent the weekend with
Mr. and Mrs. Ken Hastie.
store well for any length of
time, unless specially cured.
They must be processed
immediately after harvesting
or enjoyed fresh.
Small pumpkins with high
sugar content are best suited
for cooking purposes. The
pumpkin is so closely related
to squash that processors
often combine the two for
complementary flavor and
texture.
"When buying pumpkin to
make pie, the consumer
should look for well-matured,
blemish-free produce," says
Prof. H. Tiessen, Depart-
ment of Horticultural Sciences,
Ontario Agricultural College.
Avoid pumpkins with cracks
or rot, and those with signs
of disease or freezing. Look
for clean pumpkins with rich,
orange color.
"There is really no
distinction in flavor between
a pie pumpkin and a large
jack-o'-lantern pumpkin,"
says Prof. Tiessen. "Large
pumpkins are just easier to
carve."
- The specialty crop matures
throughout the summer like
other vine crops, and is
usually harvested by hand in
October. Early fall frosts do
not affect mature pumpkins,
only the foliage.
Many farmers in Kent
County are contracted to
grow pumpkins for
processing. In this con-
centrated area, one
mechanical harvester pulls
the pumpkins from the vines
and de posits them in
straight windrows. They are
scooped up by another piece
of equipment and conveyed
into a truck.
About 550 hectares (1,350
acres) of pumpkins were
harvested in Ontario last
year according to Nick Roller
of the Ministry's economics
branch. Pumpkins and
squash for processing were
worth $420,000 to Ontario
growers.
R.R.#2, Blyth
Phone:
Gorrie ladies home
from Cape Cod
*Ori October 21, 1879, Thomas Edison invented the light bulb.