HomeMy WebLinkAboutThe Lucknow Sentinel, 1980-12-17, Page 30bite 2--breksew Sea** We y,' December 24, 1980
warns O...
THE UNIFEEDER
It's the FLOOR that.makes the difference!
UNIFEEDER SIZE x 7' . 71/2 ' x 71/2 ' - 71/2 ' x 9' - 10'
Solves your feeding problems
at a price you can afford
Call Nov4
Fred Schrnidt.
Metalcraft
DungannOn. Ontario
Phone. (519) 529-7922
or Res (519) 529-7724
HIGH MOISTURE
CORN AND SILAGE
FEEDERS
4' x 8'
4' x 10'
4' x 12'
DONALD, JIM AND STAFF
e hope the glowing Spirit of
Christmas will brighten every day of
your holiday and its holy light always
shine in your heart.
JOHN W.HENDERSON
LUMBER LIMITED
9nerrf. aristmas
and CZIw futn4 61jou
C) 0
Make merry! Be
cheery! It's Christmas!
We'd like to extend our good wishes
to friends everywhere. For your kind
patronage, our hearty holiday thanks7,
The tottery Shoppe
Mari% Soy & Don Thompson
er meat prices
Bill Jarvis, MP - Perth, warned last week that
Canadians will be forced to pay more for beef because
farmers will be selling off their livestock because of the
high interest rates charged to borrow -working capital,
Jarvfs said in the House of Commons last Wednesday
/la rsqa-ced-with--20-pet-cent interest-r
selling off their feed grains rather than borrow'to finance
the purchase of cattle and hogs to• finish and fatten for
the Canadian market, As a result, said Jarvis, Canadians
will be forced to pay more for offshore beef as this
situation will create a Shortage of Catiadian produced
beef and pork.
Jarvis said his constituents are selling off their corn
and western producers are selling their feed grains. He
asked the federal" minister of •agrieulture, -Eugene
Whelan, what the government plans to do to permit
Canadian farmers to prndiice food in reasonable
quantities at reasonable prices for Canadian consumers.
Whelan replied to Jarvis' question saying that farmers
can borrow from the• Farm Credit Corporation at 12.75
per cent. He also suggested -that farmers• belong to farm
organizations such as marketing boards and their cost
structure and cash flow is such that they do not, need to
borrow as much money as Jarvis suggested. _
Whelan criticized the beef and hog producers by
saying they have not looked after themselves as have
other •groups of farmers, through organizations which
have the cash flow.
Jarvis remarked that the minister's statement that
farmers can borrow from Farm Creidt Corporation at
12.75 per cent was- either :"hogyvash or cattlewash"
because Jarvis knows of no farmer who can borrow from
farm credit for.orking capital. He said farm credit loans
are for capital expenses such as purchasing ,a new farm,
additional land 'or exPaltding; Farm credit loans have
,never been 0:Veil for working capital, said. Jarvis, and
he I •er cent interest tites,10—
berrow this money from chartered hanks:
"Not one hog, heifer or steer is purchased through
farm credit financing," said Jarvis. "It is the chartered
banks of Canada to which Canadian farmers look for their
financing."
Jarvis said, the situation is current and Aeripus. He
asked what the minister proposes whiln \Oanadian
farrriers, who want to produce meat for Canaaians, 'are
preveated_frnm_ doing -so by the federal govertinietit's
policies or lack thcreof.
"These farmers find themselves forced to sell the feed
-grain that they would otherwise be feeding their livestock
for the Canadian market and they cannot sow feed
because they cannot affort 20 per cent interest rates,"
added Jarvis.
Whelan asnwered that the government is giving
interest-free loans to farmers for storable crops through
new programs, initiated some time ago. The interest-free
loans for storable grains such as soybeans and other
products which are put on the market also helps the
consumer, observed Whelan.
Whelan concluded by Pointing out that Jarvis should •
have checked farmers' incomes, the stability in the
agricultural economy and the products which they are
putting on the market at the present time.
C.:OM10AT
Friday;
December 26, 7980
BOXING DAY
PROCLAMATION:.
I hereby proclaim BOXING DAY, FRIDAY,
DECEMBER 26th; 19$0 as a CIVIC HOLIDAY.
GEORGE.JOYNT,
Reeve,