HomeMy WebLinkAboutThe Lucknow Sentinel, 1996-01-03, Page 15Lief Sentinel, Wednesdays
Meetings are a source of valuable information
It's after the season of
turkeY and Christmas pud7
4,, ding, and is now the Sea-
SOIJ1 of Winter meetings.
Good meetings are a combi-
rtation of a good agenda
good attendance and good
participation. Whether it is
an annual. or an educational
meeting, thegoal.of the
meeting is to share valuable
information with et:mincers.
Meetings do not just hap-
pen. They take considerable
time to arrange facilities,
Speakers and sponsorship.
Consider taking in some of
the following meetings that
have been planned for you.
Beef Day, Grey -Bruce
Rimers' Week
Doug Gear„, from
.Dufferitt County, current
president of the Canadian
Cattlemen's Association
will give an update on
national happenings. On a
local basis Jerry Smailes,
Hanover, will share his
opinions on changes needed
in the industry.
The panel on leading
• edge management and tech-
11 •
It' • -,
•
• nology will feature Dave
Oardiner„ a producer from
Huron County who finishes
5,000 head per year; Ron
Ushorne, a previous profes-
sor from the Meat Science
Department of the
University of Guelph and
Clare Schlegel a Perth
County producer,
• The annual meeting of
Bruce County Cattlemen's
Association will be held on
Jan. 17 at Paisley
Con Inity Centre at 10
a.n1 iture speaker Is
j Graham, President
04, All cattle producers,
including purebred produc-
ers, should look at the reso-
lutions that will be dis-
cussed. See page 14 of the
December issue of "Ontario
Beer for more details.
Commodity Marketing
Club
During. the 1995 drop
year, a 'phenomenon that
occurs only once or twice
during a farmer's career
happened. This is where the
yield per acre and theprices
of corn, barley, wheat and
beans were at high levels.
not seen for many years.
Other events are happen-
ing worldwide, which may
influence the price received
for commodities during the
1996 and 1997 crop* years.'
Droughts in. Brazil
increased production in
China and low reserves of
cm in the thated states are
a. few to mention. Crop
inputs such as fertilizer
prices, custom ratesand
land rents may increase, as
well. Many MOM farmers
are looking at waysprmar-
keting their oIritiOetiOs to
insure that eost of produc-
tion is determined and met.
Futures markets is, one
• tool to help lock in a. price
to meet costs of production
and profit. One of the more
successful ways• to learn
about futures markets is a
Commodity marketing
Club, •
• Two such clubs are
already in existence within
the County, Another club is
being started;
A four day course is pro-
posed to give members a
.basic understandin` g of com-
modity marketing. Topics of
discussion include Past
History, Terminology of
Commodity 4,i4. Trading,
Selecting a Broker,
Understanding. the Basis,
Forward Contracting,
Elevator contracts, Cost of
Production, Option Trading,
Understanding the DTN,
Technical Trading and
FundamentarTrading.
Part of the program
includes:a trip to Chicago to
see the Chicago Board of
trade and the Mercantile
Exchange. A seminar will
be included in Chicago fea
turing , a floor trader, floor
runners, clerks and a com-
modity trader. Dates and the
cost far the trip are to be
determined. .
Dates of this course are
Jan. 24, 30, 31 and Feb. 7,
to be held at the Walkerton
OMAVRA Board Room
froiL10 a.ra„ to 3:30 p,m,
Cost of the course is
$100/person
A marketing club will be
•developed to pursue extra
knowledge and do actual
option trading in the cow
modifies. For additional
information or to preregister
contact the Walkerton
PYJAMA office at 1-80°-
265-3023.
anuary3 1994
ge
5
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