HomeMy WebLinkAboutThe Lucknow Sentinel, 1985-03-20, Page 65Current:
. Cash
.Supplies
C• rops - Cash
- Feed
livestock held
FSxed:
. Breeding Stock
.Car
.Machinery
-Land
.Buildings
TOTAL
Balance Sheet
Assets
$ 640
2,000
4,250
8,200
12,400
18,675
1,500
11;200
68,500
49,000
(2) of Farmer A
January. 1, 19--
$ 27,490,
148,875
LUABA1'IIES - NET WORTH
Current:
Account Payable
Notes Payable
Fixed:
F.I-L:
Mortgage to:
Farm Credit 33,200
J. A.'Roberts / 10,000
$ 4,600
10.000
$ 14,600
10,000
Net Worth
$176,365. TOTAL
53,200
108,565
$176,365
Bank sees irnpr4i'I'einent
from page .16a the second half with fourth quarter prices in
the prairies from an average $122.50 per the upper $40 CWT range. Market hogs at
tonne (up 16 per cent CWT over the previous Omaha are expected to average in the upper
year) down to world levels. . U.S.. $40's in 1986:
--This crop year, favourable weather resulted —The deny industry will see cream and Milk
in • a 19 per cent increase in Eastem corn 1 shipments grow by 1.5 per cent over the
production, and prices are expected to be in previous year to 73.9 million hectolitres, with
the $140 - $150 tonne range down 12 per cent shipments in 1985-86 up only fractionally.
from year ago levels. This spring we expect a Milk returns are expected to be up 3.6 per
slight decline in eom1plantings and foresee cent for fluid shipments and 4.5 per cent for
cam prices for the new crop remaining within industrial, though near term advances will be
the current range. limited by slow advances u i consumption and'
--Despite the global oilseed market, demand / by low feed costs lowering price under the _
for oil rich rape seed continuesstrong, with cost of production formula.
prices only 6 per cent under last year. • --Broiler chicken production should reach 872
--Balancing negative global price factors, million pounds, .a 6.4 per cent year to year
price premiums for rape seed (canola) over increase, while oonsunmption continues rising
alternative crops, and normal weather, to "930 million pounds, up 2.6 per cent from
Canadian rape seed production of 3.5 million the previous year.
tonnes is expected next year, up 9 per cent Lower feed costs cninbined with a 3.8 per.
over 1984-85 production (whidi.was up 23 per cent increase in the production quota should
cent over 1982-83). promote increased turkey. featuring. •
--In Eastem Canada a small increase in --With continuing sluggish demand, the
soybean production is expected over the Canadian Fog Marketing Agency has little
record 1984-85 crop of 1 million tonnes. Prices incentive to inerease'.quota levels; lower feed
will remain in the same $280 to $300 tonne costs are expected to trigger a 2.2 per cent
range as this year. producer price decline under the cost of
--A declining U.S. herd (for the third year in a . - production formula.
mw) and some improvement in industry Expenses for seed and Chemicals are
profits will cause nongrain - fed cattle expected to rise from both price and applica-
slaughter to decline during the second half of tion increases. Fiertilizer use' should jise with
1985 as total U.S. cattle slaughter is expected increased planted acreage, but prices are
to be down 3 per cent and prices up .6 per cent
over the second half of 1984.
--With U.S. cattle slaughter expected to be
expected to remain at 1984 levels.
down 6 per Dent in second quarter 1985 from Create sanctuary...
second quarter 1984, choice steers at Omaha
should average $70 CWT, making this the from page la
high price quarter of the year. work" because of the different diseases the
--Cow prices are expected to advance 12 per hog farmer has to contend with and the
cent from 1984 levels in the third and fourth constant fluctuation of the hog market.
quarters, signalling a modest rebuilding Burgsma says he would like to see the farm
phase for 1986 with beef prices moving
higher.
--With the lower Canadian cattle herd,
estimated after four years of declining inven-
toriea, at ' 11 million head \ as of January 1 to do what they want.
(lowest since 1962), slaughter in Canada is • With the constant expansion of his fann
expected to be 3.1 million head in 1985, 4 per operation, Burgsma finds additional Manage -
.cent below 1984. / ment is required in order to keep the
Wi'th lower production in the. U.S. and operation' running smoothly. He says he
Canada, Al and A2 steers in Toronto should enjoys managing his farms, especially his
average in the mid to upper $80's CWT in the association with the people hired to run his
first quarter, rising above $90 CWT in the farms and keeping an eye on the maintenance
second, and ease in the second half, with of the farms.
increased competition from pork and poultry. The, secret to a smooth running farm
--U.S. hog prices are expected to hold above operation, says Burgsma is to anticipate
$50 CWT in the first half of 1985, weaken in problem/and act promptly to correct them.
remain in the family with his five sons
eventually talnng over, but only if they were
happy being a farmer. His desire is for his
sons to have the same opportunities he had,
The Farm Edition, Week of Mardi 20, 1985 - 17a
Formosa Mutual Insurance Co.
FORMOSA. ONTARIO ESTABLISHED 1880
s.*
Specializing in Farm, insurance
Loss Prevention .Service.
BROKERS 1 AGENTS
'Chatsworth Insurance Brokers Limited
Chatsworth 794-2870
Chesley-Tara Insurance Brokers Limited
Chesley 363-3436
Tara '.. '934-2250
Cowling & Kearns Insurance Brokers Limited
Meaford_ 538.1350
Davis & Malay Insurance Brokers Limited •
Lion's Head • 793.3322
Paisley 353-5200
Port Elgin 832-6961
Gerry Karl Insurance Broker
James Hope. Insurance Broker
H.E. Janke Insurance Brokers Limited
Mildmay 367-2713
Clifford 327-8025
Kell Insurance Brokgrs Limited
Wingham
Gorrie
Jack Lambertus Insurance Broker Limited
Walkerton
A.• Cameron MacAulay
Ripley 395-5112
Isabel B—McCreath Insurance
357-2636
335-3525
881-0480
Kincardine 396-2313
• Craig, McDonald & Reddon insurance Brokers Limited
Formosa • 367-2197
Mildmay 367-2297
Walkerton, 881-2701
Middleton's Insurance Brokerage
Chesley • 363-3162
Miller -Slade Insurance Brokers Inc.
Kincardine 396-3465
Ripley ' 395-2661
Owen Sound 376-0590
Moore & Morris Insurance Brokers
Owen Sound 376-1333
Carl Morris Insurance Agency
Chepstow 366.2714
James Shirreft Insurance Broker
Allenford 934-2181
Don Threndyle Insurance
Elmwood 881.1697
Chesley ' 3612962
Ross Wagner Insurance,
DIRECTOR/ADJUSTER
Lorne Robinson, R.R. 2, Kincardine 396-8045
John Clancy, R.R. 1, Chepstow 881-2075
367-2791
Len Metcalfe, Mildmay
Jack Cumming, R.R. 2, Dobbinton 353-5556
Charles Kelly, Port Elgin 832-9334
Ron Lipsett, R.R. 1, Annan 376-6722
All claims should be reported promptly
to the representative in your area or to the
Head Office in Formosa
1-800-265-3020
4'1