The Rural Voice, 1979-04, Page 35prepare their income tax returns and have
an idea of their earnings.
This year, with the change in the Farm
Credit Act last year to increase the
maximum loan available to $400,000 from
$150,000 for an operation with two or more
qualifying farmers, loans are expected to
be larger, but fewer in number.
The amount of funding available to the
Farm Credit Corporation in 1979 won't be
known until the federal government brings
down its budget in April. The FCC budget
is expected to be about $558 million, the
same is it was last year.
There is some concern that Farm Credit
in Ontario won't receive as much money as
it has in the past. In 1978, the organization
was allowed $147 million compared with
$156 million in 1977.
There was $20 million allocated for the
region .including Owen Sound area and
Huron County and the FCC offices ran out
of funds last year by November. In 1978 the
Goderich Farm Credit office handled about
$8.2 million in loans.
Mike Rogers said 1978 was a low year,
since normally loans from the office are
closer to $12 million.
About 42 per cent of the loans handled
through the Goderich office are for buying
new farms while another 13 per cent go for
additional land purchases.
Mike Rogers said many of the applicants
coming to the Goderich office are borrow-
ing to invest in beef and pork operations,
which don't come with costly quotas.
The Goderich FCC office is mainly
lending money to smaller farming oper-
ations right now. Mr. Rogers said if
farmers already have operations of 400 to
500 acres, then his office encourages them
to go to a bank for their loan.
Banks are now charging about 13 per
cent interest nn farm loans.
Tri County Holstein
show suggested
The Huron County Holstein Club has a
bit of a dilgmma concerning their annual sale
of stock. Some members have suggested
that the annual sale be held in conjunction
with Perth County. But Perth members have
not been receptive to the idea reported Dave
Marshall, South Huron director. Mr.
Marshall had talked with some of the Perth
members about the idea of a combined sale.
Wilbert Freeman, director from North
East Huron reported that at a meeting of the
Walkerton Little Royal Fair county reps
there has been a suggestion of having a Tri
county sale with Bruce, Grey and Huron.
The club members decided to take the
We have the largest selection of
garden and flower seeds in Huron
County, also onions - dutch sets,
spanish sets, multipliers, and
seed potatoes
Buy Just a package or In bulk.. .
"No matter how small or large the order, the service Is
always presonal"
Baker's
Farm and Garden Centre
22 Isaac St., Clinton 482-9333
advice of their sales agent and have their
own sale sometime in the first week of
August. A selection committee was
organized and will meet later this month to
set up regulations on the selection of stock
for the sale.Committee members are Bob
Vodden, committee head, Dave Marshall,
Jim McKague, Joe Van Osch and Wilbert
Freeman.
Members discussed the possibility of
having a dispersal sale immediatel •y after
their own sale and the committee agreed to
look into the matter. _
In a comparison of clubs in fieldman
Gordon BeIN area Huron excelled in new
members and attendance to many events
including annual meetings. Of the 10
counties in the area Huron lagged in
attendance to twilight meetings and
exhibitors.
Almost died, Huron man
pushes manure gas detectors
Huron County Pork Association
president Jean-Paul Rau, asked the Pork
Board to promote the development of a silo
and manure gas detector. He said that he
was only alive because when he was
overcome by manure gasses, he fell
through the doorway into the fresh air.
Good
Drainage
An investment that pays off...
bushel after bushel, ton after ton,
year after year. Good drainage
is good farm business!
Call us now for a free estimate. We can help you
with your financing.
GOLLAN FARM
_ DRAINAGE
RR 1 Listowel
Tel. 291-1474
After hours 291-1729
THE RURAL VOICE/APRIL 1979 PG. 33