The Citizen, 1987-07-29, Page 13Brussels Stockyards
THE CITIZEN, WEDNESDAY, JULY 29, 1987. PAGE 13.
American beef puts pressure on local prices
A large influx of cheap American
beef put pressure on this week’s
market. The market at Brussels
Stockyards was steady to the
week’s decline. Cows sold easier,
pigs barely steady. There were 437
cattle and 697 pigs on offer.
ing 1099 lbs. selling for an overall
price of $84.35.
Eight steers consigned by Joe
Courtney of RR 1, Dungannon,
averaging 1026 lbs. sold for an
average price of $86.90 with sales
to $89.50. Twenty-nine steers
consigned by Ralph and Roger
Choice steers sold from $85 to Morrison of RR 1, Lucknow,
$88 with sales to $91. Good steers
were $82 to $85.
A steer consigned by Francis
Hicknell of RR 5. Seaforth, weigh
ing 1250 lbs. sold for $91, with his
total offering of four steers averag
ing 1262 lbs., selling for an average
price of $85.22. Two steers con
signed by Lloyd Fletz of RR 5.
Mitchell, averaging 985 lbs. sold
for $90.35, with his total lot of 35
steers, averaging 1056lbs. and
selling for the overall price of
$86.95. A steer consigned by Roy
Collins of RR 2. Tara, weighing
1010 lbs. sold for $89.50, this his
total offering of 15 steers averag-
averaging 1081 lbs. sold for an
average price of $86.97, with sales
to $89. A steer consigned by Glen
Sellers of RR2, Bluevale, weighing
1250 lbs. sold for $88.50 with his
total lot of seven steers averaging
1174 lbs. selling for an overall price
of$86.58. Ninesteers consigned by
Jack Alton of Goderich, averaging
1107 lbs. sold for an average price
of $87.23 with sales to $88.25.
Choice exotic heifers were $84 to
$87 with sales to $91.50. Good
heifers were $81 to $84.
A heifer consigned by Walter
Weppler of RR 5, Mildmay,
weighing 1240 lbs. sold for $91.50
with his total offering of eight
heifersaveraging 1125 lbs. selling
for an overall price of $86.16.
A heifer consigned by Jack Alton
of Goderich weighing 970 lbs. sold
for $89.25. A heifer consigned by
Neil Rintoul of RR 2, Lucknow,
weighing 1140 lbs. sold for $88 with
his total offering of six heifers
averaging 1160 lbs. and selling for
an overall price of $84.28.
Twelve heifers consigned by
Leonard Heintz of RR 1, Atwood,
averaging 919 lbs. sold for an
average price of $86.86, with sales
to $87.85. Two heifers consigned
by Jim Howattof RR 1, Londesboro
averaging 1045 lbs. sold for
$87.75 with his total offering of
eleven heifers averaging 998 lbs.
and selling for an average price of
$84.83.
A heifer consigned by Jack Beitz
ofRR2, Mildmay, weighing 870
lbs. sold for $87.25 with his total lot
of six heifers averaging 913 lbs.
selling for an overall price of
$86.06. Ten heifers consigned by
Hazel and Paul Wivell of RR 1, St.
Pauls, averaging 769 lbs. sold for
an average price of $84.98 with
sales to $87.
Choice cows sold from $60 to
$65. Good cows are $56 to $60.
Canners and cutters were $50 to
$56.
Thirty to 40 lb. pigs traded to a
high of $1.05 per lb.; 40 to 50 lb.
pigs traded to a high of $1.03 per
lb.; 50 to 60 lb. pigs traded to a high
of .96 cents per lb.; 60 to 701b. pigs
traded to a high of. 87 cents per lb.;
over 70 lb. pigs traded to a high of
.80 cents per lb.
Brussels Stockyards will be
holding a Sheep, Lamb and Veal
sale on August 7, and a special
Stocker and Feeder sale on Tues
day, August 11. For further
information please phone 887-
6461.
Tax reform will mean major changes
Farm fatalities down,
time-lost injuries up
Statistics just released by the
Canada Safety Council show that
107 Canadians were killed on farms
in 1985, down from 120 the
previous year.
Twenty-two percent were
amongchildrenunder 15years;
twenty per cent were seniors 65
years and over. Two-thirds of all
fatal accidents involved the use of
agricultural machinery.
The report number of time-lost
injuries for 1985 was 6,179, up from
5,935 in 1984. This figure repre
sents a mere fraction of all
agricultural injuries as it includes
only those workers covered under
Workman’s Compensation Boards
who received compensation pay-
mentsfortheir injuries. The cost to
the Canadian public was approxi
mately $30-million. Of the report
ed cases, 65 per cent resulted in
one of three types of injuries:
sprains and strains (33 percent),
contusions (18 per cent) and
lacerations (14 per cent).
The Canada Safety Council, in
co-operation with Agriculture
Canada and Provincial Safety
Councils, sponsors National Farm
Safety Week each year from July 25
- 31 in an effort to promote safer
work practices on Canadian farms.
This year’s campaign draws atten
tion to the value of using personal
protective equipment to reduce the
frequency and severity of work-
related injuries and illnesses.
“The use of ear and eye
protection, gloves, safety boots,
and respiratory equipment is every
bit as necessary in farming as it is in
other industries, but studies have
shown that a high percentage of
farm workers do not wear protec
tive gear’’, says Heather Kyle,
Senior Public Safety Officer, Can
ada Safety Council. “Unlike other
industires, where its use is regu
lated and enforced, the farmers is
largely on his own to select,
purchase and use the appropriate
equipment.”
Where it is impossible or
impractical to control or eliminate a
hazard, personal protective equip
ment is a major defence in the
prevention of work-place injuries.
The Canada Safety Council advises
all farm managers to ensure that
each worker is properly fitted with
protective equipment and trained
in its use and maintenance.
Personal protective equipment
is important for backyard garden
ers as well, whose jobs around the
home and yard may also present
safety hazards. One should always
read product labels and instruc
tions to find out what degree and
type of external protections is
required.
Copies of the Council’s “Selec
tion Guide to Personal Protective
Equipment” are available to farm
ers and gardeners from the Canada
Safety Council, 1765 St. Laurent
Blvd., Ottawa, Ontario K1G 3V4.
BY RALPH S. W1NSLADE, P. AG.
FARM BUSINESS ADVISOR,
VINELAND STATION
Tax Reform will create some
major changes in the taxation of
capital gains. Since 1972, one half
of any capital gain has been added
to income and taxed at normal
income tax rates. Starting in 1985,
this taxable half has been exempt
subject to personal limitations. For
owners of qualified farm property,
the so called $500,000 exemption
covered the taxable half of the
capital gain for most farmers.
Starting in 1986, the non taxable
half of capital gains has been
brought back into income and
subjected to the minimum person
al tax calculations. In 1986 some
people who had no regular tax to
pay, were subject to minimum tax
because of the new rules.
If tax reform proposals become
law, the taxable portion of capital
gains will be increased to two-
thirds in 1988 and 1989 and to
three-quarters in 1990. Presuma
bly only one-third of the gain in
1988 and 1989 and one-quarter of
the gain in 1990 and beyond will be
subject to minimum tax. Because
of the retention of the $500,000
exemption, farmers with only
modest capital gains may escape
both regular and minimum tax.
Personal capital gain exemp
tions will be changed too. For
regular capital gains such as
shares in a public company the
exemption will be frozen at the
1987 level of $100,000 and will not
grow to the proposed level of
$500,000. Qualified farm property
will remain unchanged at
$500,000. Small business corpora
tions will be increased to $500,000
to equal farming. For farm proper
ty bought after June 17, 1987 there
will be tougher rules requiring
close to full time farming to attain
the $500,000 exemption on this
new property.
If selling farm land in 1987, the
rules are exactly the same as in
1986. Watch out for both regular
tax and minimum tax. By use of a
reserve or the five year block
average you may be able to avoid
minimum personal tax. If your
accountant does not have the
details drop a note to the author.
ATTENTION FARMERS
Cook's in Walton are ready
to receive your 1987
• White Winter
Wheat
• Hard Red
Spring Wheat
• Feed Barley
• Winter Canola
• Spring Canola
Two new canola dryers now receiving in two pits at
10,500 bus./hr. We're open as late as you need us!
EXTENDED OPERATING HOURS:
Make Cook's your marketing centre
for all your crops
'Ifocc (fat (fat(icUace ).
rUn-DAMENTAL!Gerbro Inc. 887-9261
Cook’s Division of Gerbro Inc
WALTON BRANCH
Walton 527-1540