The Brussels Post, 1981-01-14, Page 4OlEgingbig
to
Wayne & Lois
on the Opening of
TODD'S BAKERY
Thompsonailtephensoll
Meat Market
Brussels 887-6294
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Effective Jdthiary 1, 1981 for Miscellaneous Charges,
Equipment' Rentals and for all energy used on and
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that date to be billed at current rates and estimated by
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MONTHLY RATES AND CHARGES
Residential Service
First 50 KW.H at 7.6 c per K.W.H
Next 200 KW.H. at 3.8 c per KW.H
All additional KW.H at 3.15 per KW,H
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First 50 KW,H at 7.6 c per KW.H
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Next 9,750 KW,H at 3.50 d per KW.H
All additional KW,H at $140 per KW.H
4 -- THE BRUSSELS POST, JANUARY 14, 1981
Holstein Club committees
-Mr. and Mrs. Art Nicholls
of Atwood, Mr. and Mrs. Bill
Grube and Mr. and Mrs. ,
Bruce McKenzie of..Clinton,
visited with Marg and
Wayne Grube and family on
the weekend.
Members of the Huron
County Holstein Club set up
their committees for the new
year when, they met at the
1.0.0.F. hall in Clinton on
Tuesday.
The committeees are: barn
meeting- Glenn Hodgins,
Hank Binnendyk and Dave
Marshall; bus trip- Bob
McNeil; Murray Hogg and
Keith Van Camp; twilight
meeting; Keith Johnston,
Market
The market at Brussels
Stockyards traded barely
steady with a modest
demand with heavily-
manured cattle being
discounted. Pigs traded
steady on a good supply.
There were 770 cattle and
2219 pigs on offer.
Choice Steers - 81.00 to
85.00
Good Steers 78.00 to 81.00
Two steers consigned by
George Adams of Wroxeter
averaging 1165 lbs. sold for
84.60 with his 21 steers
averaging 1215 lbs. selling
for an overall price of 82.65.
Two steers consigned by
Ken Hammond of Monkton
averaging 1300 lbs, sold for
84.50.
Seven steers consigned by
Ross Durnin of Lucknow
averaging 1275 lbs. sold for
83.35 with his lot of 12 steers
BY DON PULLEN,
HURON AG. REP.
Cash flow is extremely
important-- expecially for
those only remaining in
business by courtesy of the
bank. However, it's easy to
forget about other important
aspects of financial manage-
merit if we become pre-
occupied with cash flow
budgeting only in an attempt
to project needed bank loans.
Although' many businesses
make a profit each yedr,
there is a growing problem
with running out of cash--
particularly with escalating
input costs. Trying to finance
a farming operation with
21% interest can be an
alarming situation. At 20%
compounded interest, money
doubles itself in 3.6 years,
i.e. (72 is the "magic
figure") 72+ 20= 3.6 simi-
larly at 6% from the old
days, 72+ 6 = 12 years. It's
important to realize the time
difference in the money cost
when making farm plans. In
fact, after doing the paper
work, we may determine that
some plans need to be put on
hold. It's still a fact-- if it
doesn't work on paper watch
itl
Some forecasters caution
that in many situations, the
time may come when we
can't count on continued
Jim McKague, Wilbert Free-
man and Dennis Martin;
Walkerton Little Royal-
Wilbert Freeman, Joe Van
Osch, Ellwood Seili and Jim
McKague; Ladies Night- Al
Feddes, Murray Donaldson,
Bill Gibbings; annual meet-
ing- Dave Marshall, Joe Van
Osch, Ellwood Seili; London
Fair- Ken Ramsay, Dennis
Martin, Glen McNeil.
The club also discussed
averaging 1244 lbs. selling
for 82.85.
Sixteen steers consigned
by Oscar Keiffer of Bluevale
averaging 1151 lbs. sold for
82.60.
Twenty-two steers
consigned by George Under-
wood Farms of Wingham
averaging 1232 lbs. sold for
83.70 with his load of 45
steers averaging 1203 lbs.
selling for 83.15.
A steer consigned by
Gordon Dougherty of
Goderich weighing 1250 lbs.
sold for 84.00.
Choice Heifers - 76.00 to
81.00 with sales to 83.25.
Good Heifers - 74.00 to
76.00.
A heifer consigned by Jack
Cardiff of Brussels weighing
1180 lbs. sold for 83.25 with
his 28 heifers averaging 1065
lbs. selling for an overall
inflation of assets to bail us
out of an impending financial
bind. A business must make
a profit; otherwise, eventua-
lly it's heading for disaster.
With today's economy, in
many farming operations a
monthly, or at the very least,
a quarterly profit and loss
statement will be 'useful .c to
you arid "your partner" the
banker.
As a historical picture of
profit--a profit and loss state-
ment for the entire previous
year is helpful. The amount
of borrowing and the interest
charges is an indication of
the farmer's capital position.
Borrowing is determined by
personal as well as business
decisions. Impulsive buying
may spell the beginning of
the end.
Cash flowing into and out
of a business can be readily
seen in the bank statement.
A cash flow budget will help
forecast peak borrowing
requirements and interest
charges payable to the bank.
The capital structure of a
business is the thir d impor-
tant ingredient for successful
financial management. Be
certain to pay attention to
accurate current and project-
the Clinton. Spring show and
decided to try and rent space
in the Clinton arena for a
Friday night show if the fair
board approves it and that
the judges for , cattle could
be Mac Logan or Court
Carmichael as the alternate.
A 'Ladies Showmanship
Class .open to ladies not
involved in any 4-H clubs will
be a new venture for the
Holstein Club at the spring
price of 78.00.
Seven heifers consigned
by Joe Zettler of R.R. 2,
Walkerton averaging 1165
lbs. sold for an overall price
of 78.25.
Two heifers consigned by
Graham Eydt of R.R. 1,
Millbank averaging 1110 lbs.
sold for 79.00 with his lot of
12 .heifers averaging 1112
lbs. selling for 78.35.
A heifer consigned by
Wilhelm Bros. of R.R. 4,
Walkerton weighing 990 lbs.
sold for 81.00.
Choice Cows - 52.00 to
55.00.
Good Cows - 49.00 to
52.00.
Canners and cutters -
44.00 to 49.00.
30 to 40 lb. pig'S traded to a
high of 44.00.
40 to 50 lb. pigs to a high
of 51.75
cd asset and liability state-
ments.
Many farm operations
showing poor profit potential
remain in business by in-
creasing bank borrowing'
secured against a rapidly
increasing asset value and an
increasing net worth-- very
risky!'
The ..value of profit, cash
and capital can be useful:
-To check the health of the
business.
-To budget for the future
and more clearly identify and
achieve business objectives.
-To provide a good under-
standing of the business for
the farmer, his banker and
accountant.
In human medicine, a
show in Clinton... Some
companies in Huron County
had volunteered to provide a
trophy for this class.
In a report from the
advertising committee, Bob
McNeil told the club that
they had talked about taking
out a 1/8 of a page ad in the
Holstein Journal every
month in which the breeders
of Huron County could ad-
vertise. He said nobody
here
50 to 60 lb. pigs to a high
of 57.25
60 to 70 lb. pigs to a high of
59.001.
70 to 80 lb. pigs to a high
of 61.50.
Gorrie
Mr. and Mrs. Donald
Adams and Mark of
Wroxeter; Mr. and Mrs.
Keith Adams, Tammy and
Jennifer of Wingham, Mr.
and Mrs. Jas Schefter, Dale
and Adam were Friday
evening guests of Mr. and
Mrs. Dewitt Adams.
Mr. and Mrs. Grant
Miller, Vikki, Kevin and
Krista of Sudbury spent
several days with Mr. and
Mrs. Archie Miller.
combination ot measure-
ments such as heart rate,
body temperature and respir-
ation rate assists a doctor in
distinguishing a sick from a
healthy patient. Similarly, in
financial management the
basic guides are profit, cash
and capital.
Ethel
Every week more and more
people discover what mighty
jobs are accomplished by low
cost Post Want Ads. Dial
Brussels 887-6641.
would be able to advertise
twice, until everybody had
the chance at least once, and
that each breeder would be
notified by mail about this.
He said it was felt that there
should be a chairman for this
committee and after some
discussion, the club decided
to adopt the presentation of
the advertising committee
and make Wilbert Freeman
the chairman.
It was decided that the
Holstein Club's gift to the
dairy princess this year
would once again be a silver
tea service.
In other business, Dave
Marshall was elected as a
counsellor to take informa-
tion from the Huron. County
Holstein club to National
Directors. Bob McNeil has
completed the first year of a
two year term as counsellor
and will continue.
The annual meeting of the
club is to be held on
November 26.
YOUNG'S VARIETY
Party Needs • Baked Goods
Tobacco • Groceries
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Weekdays 8:30-9, Holidays & Sundays 11:30-6
Brussels 8816224
barely steady
Farm management
Profit, cash and capital