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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,