HomeMy WebLinkAboutThe Lucknow Sentinel, 1978-12-13, Page 44a
12 -Li . inow Sentinel, Wednesday, December 20, 1978
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Bill's Place
RUTH AND BILL BOGUES
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utlook is brighter
in '79 for farmers
Canada's bankers are
optimistic about the
future of the country's
agricultural industry,
according to the
president of the Canadian
Banker's Association
(CBA).
Gordon Bell told the
association's annual
agricultural credit
conference in Vancouver
that there are three
'major factors for this
optimism: growing
population, healthy
agricultural exports and
efficiency in the industry.
Bell, executive vice-
president and chief
general manager of. the
Bank of Nova Scotia said
world population could be
six billion by the year
2000 so the importance of
food production in
Canada and around the
world would continue.
Canada's farm exports
totalled nearly $4 billion a
year and this was a
significant and important.
contribution to the
country's balance of
trade. One reason for this
success was that
Canada's farmers are
among the most efficient
in the world.
"This is, of course, the
major factor in Canada's
competitive position.
Effective management
"Bear"
With Us
We have moved our
Hardware and Farm
Supplies to our new location
Feed. purchases and
all office business will
still be at our old location,
until at .least the first
of the new year
Thank you foryour co-operation
''"t"' "a'F
and advanced technology
have dramatically in-
creased agricultural
productivity in recent
years.
"In the time it takes
you to tie your shoe -laces,
the Canadian farmer's
modern combine can
harvest enough wheat to
make a hundred loaves of
bread."
Bell said the chartered
banks have also changed
with the times and have
become more heavily
involved in agricultural
credit. Loans to farmers
now totalled almost $4.5
billion, up from $1 billion
just 10 years ago.
"The Canadian
chartered banks now
provide well over half of .
the total credit extended
to agriculture... Certainly
the extensive in-
volvement of Canadian
chartered banks in the
agricultural credit
market is ample evidence
of the confidence we have
in this industry."
. .The nature of . bank
credit to agriculture had
also changed and with the
availability of long-term
financing from the
banking industry, the
farmer now had access to
all his short, in-
termediate and long-term
credit needs at one in-
stitution.
(Day peace and
love be with you.
Thanks for your
fine support.
PARKING PROHIBITED
on all streets in
Ripley
2A.M. -7A.M.
NOV. 1 to APRIL 30
BY-LAW 78-246
MAXIMUM WEIGHT
for garbage bags
is 35 pounds
BAGS OVER THIS WEIGHT
WILL BE LEFT