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HomeMy WebLinkAboutThe Brussels Post, 1965-01-07, Page 3THE. INDUSTRIAL MORTGAGE. AND TRUST COMPANY FOREST SARNIA PETROLIA SELWYN. BAKER Phone: Susinaeil 79 Reeldenee 4 tat MuseniA Pow. BitUSSNLS. 0.00.0.100 pluitsimor, iauluary 104 Ufa Predicts Bright Future or Dairy industry MONEY TREE Keep looking for one if you wish but it's strictly -fictitious — we think, A better way io make money grow is by the regular purchase of Guaranteed investment Certificates from t.M.T. Available in units of $100 for 2, 3, 4 and 5 years at a very good 5 1/2 % interest, For one year, 5%. We're not a money tree but we have branches at Forest and Petrolia. Write or ask for our descriptive folder. Canada's dairy' industry, a billion dollar a year enterprise in terms of product sales, ap- pears headed for clear sailing after—a' sPell in the doldrums which saw huge surpluses of butter pile up, There is reason for the air of optimism which surrounds all segments of the industry: consumption and production levels are back in balance, the stocks of surplus butter and butter oil have been sold abroad, domestic consumption of butter is again on the up- swing after hitting A low ebb in 1961, land there is a strong demand at home and abroad for most dairy products, The dairy problem emerged int1958; due in part to a sharp increase in the price of butter (to.64 from 58 cents a pound) ar}d in PArt to concern at that time about the dietary use of butter and other animal fats. The price increase had the effect of increasing milk and butter production and, in con- junction with the dietary con- cern,reducing consumption of butter. The result was' an„an- nual "bUtter surplus, From a level of 19.4 pounds in 1957, per capita consumption skidded to 13.8 pounds in 1961. With the introduction of a subsidy of 12 cents a pound in 1962 wbieh reduced consumer prieiS; there nas peen a dyna- mic change in the butter con- sumption trend. From 1961's low of 290 mil- lion pounds, consumption, has risen steadily and the estimat- ed figure for 1964 is 364 mil lioir pounds. The 74 million pound increase is the equivalent of. 1.7 billion pounds of milk, or more than the amount used annually for cheddar cheese. Butter consumption and pro- duction is expected to be in close balance in 1964 for the second consecutive year, Milk production by Canada's 2.9 million cows is expected to. total 18.4 billion pounds for 1964, little changed from the previous two years. Although the average output per cow has risen to about 6,330 pounds in 1964 from 6,140 in 1961, the number of cows has dropped by nearly 100,000 from the million 'on farms three' years ago. The higher production rate is attributable to improved feed- ing practices and the use of better stock in herd improve- ment programs. Any increase in milk produc- tion in the past three years have generally been absorbed by the. fluid milk traue which has -.shown a fairly steady in- crease in direct prdPortion to the gain in population, The ice cream market also is showing substantial gains, with the rate of consumption out- stripping the rate of increase in population. This year's pro- duction should be around 50 million gallons, five per cent more than last year. Keen domestic and export markets for Canadian cheddar cheese should result ina 1964 production level of 142 million pounds as compared to 137 mil- lion last year. Domestic con- sumption, which has passed the 1-100 million pound level since 4962, this year is expected to reach a new high of 107 mil- lion pounds. In addition, con- Sumption of other Canadian cheeses should reach 16 mil- lion pounds in 1964, more than double the amount eaten in the early 1950's. Just as milk and other dairy products contribute to the nu- trition and health of Canadians, a buoyant dairy industry is a major factor in the nation's ec- onomic health. Sales of milk last year by Canada's 300,000 dairy farmers brought them a collective re- turn of $509 million and kept some 33,000, employees in more than 1,700 processing plants busy turning out products with a retail sales value of over $1 billion. Expenditures by the industry —by farmers and processors alike—help maintain a high de- gree of activity in other fields, thus helping -employment across the nation. Each year, for example,dairy farmers 'spend. an average of $23.6 million for new. cars, trucks and tractors and buy fuel, grease, electricity, chemi- cals, fertilizers, containers, new machinery and labor. The total annual bill to farmers and pro- cessors for all these averages more than $800 million. Today, the Canadian dairy in- dustry is facing a rapidly strengthening market at home and abroad as a result of buoy- ant economic conditions and in- creasing demand with no sig- nificant change in production. This brighter situation is bound to reflect throughout the whole economy of the nation. World demand and prices for skim milk powder, have brought domestic prices from about sev- en cents to approximately 16 'cents -a pound in just three years: Production in 1964 is expected to climb to 200 mil- lion pounds, the second high- est amount on record. ExportS will be close to the 40 million, pound mark. EGG SUPPORT PROGRAM Agrieultural Minister Harry Hays announced on December '30, 1964, that the support price for eggs in the period October 1, 1964 September 30, 1965, will remain unchanged from the previous year's 34 cents. I ;file Agricultural. Stabilization Board will suPPort,tue price of Grade A large size, eggs by a deficiency payment program at 0 n , ,national weighted average price 1 of 34 cents per dozen to produc- ere. 1 i Aiiii I. the 1963-64 period the not average price amounted to 34 cent per dozen, resulting in a deficiency payment of two cents Per 'dozen to producers. To date, payments amounting to approx- imately $760,000 have been made. The maximum for a deficiency, payment remains unchanged • 4,000 dozen eggs per producer. This covers Grade a Extra large, Grade A Large, and Gra4e A Med- ium sizes. The program this year, however, provides that paymeuta shall not be made on quantities of eggs that would result in P$Y ments a less than *2 per In- divinal. To be eligible for payment, pro- ducers must have marketed their eggs either through registered. grading stations, or to retail outlets as prodUcersgraders. After absence of one year the popular trio The- Rhythm Pals re- join country ,and western star Tommy 'Hunter on his C'Bc radio network noontime show heard each Monday, Wednesday and Fri- da.y The rest of the cast, seen here, comprises Nett to right) musical director Bert MOM. tiddler; Al eherney, announcer 1301 tlesSey, singing host Tommy; The Rhythm Pols - - Mike Ferhey. Marc 'Wald, Jack Jensen, (kneeling) banjoist Maurice Bol, yer, guitarist Al kiarirS.