The Rural Voice, 1983-08, Page 7UP... Auto sales are hitting records,
leading economic indicators are healthy,
and the stock market, while not soaring
ahead, is at least holding its own. Besides
the U.S., most industrial nations in the
world are participating in this cyclical up-
turn. Agriculture too, is expected to par-
ticipate.
DAIRY: A TURNAROUND! About a year
ago, the Ontario Milk Marketing Board
leaders were worried about overproduc-
tion. They warned that there would be no
over -quota levy rebate. Now, officials are
reversing their stance, and are worried
that farmers may have cutback too sharp-
ly. The board has announced there might
be a rebate of over -quota levies after all...
on the first 2 or 3 per cent of production
over -quota. The board has also announc-
ed an expected increase of about 2 per
cent in individual market -sharing quotas,
effective August 1st. (See article on
page 19).
UNFORTUNATELY, THE U.S. IS STILL
PRODUCING TO BEAT THE BAND.
Washington lawmakers had hoped to in-
stitute a rebate system this fall. It was
supposed to pay farmers a reward for
reducing milk production. This proposal is
now bogged down, just like many before
it. Mnanwhile, American dairymen keep
churning it out. That's one reason world
skim milk markets are so depressed; a ma-
jor factor in our milk board's decision to
raise the over -quota levy rate, which
reflects the cost of shipping excess milk
products overseas.
NEW MARKETING BOARD STRUCTURES
ON THE WAY... Two new boards may be
set up soon in Ontario. A broiler and
roaster egg and chick marketing commis-
sion will set prices and adjust disputes
between producers and hatcheries. And
rutubaga growers will be given the oppor-
tunity to vote on a new concept of
marketing on July 28. The rutubaga pro-
posal, if accepted, would offer agency
style powers similar to the Ontario wheat
marketing plan.
CANADIANS ARE SPENDING LESS ON
FOOD. Statscan figures show that only
16.4 per cent of personal disposable in-
come was spent on food and non-
alcoholic beverages last year. That com-
pared with 16.9 per cent in 1981 and 18.3
per cent 10 years earlier. The figures in-
clude food eaten at home and away from
home.
U.S. DOLLAR CONTINUES A BULLISH
COURSE, setting records against many
foreign currencies. There have been signs
lately of a turn -around in the dollar,
however whenever fears of higher interest
rates in the U.S. surface, it strengthens
again and defies the signals. Some mild
weakness is expected for late 1983 and
'84. A weaker U.S. dollar would encourage
higher grain prices.:
Make a wise choice....
For our brochures contact:
Centralia College
of Agricultural Technology
Huron Park, Ontario
NOM 1Y0
519-228-6691
i
Ministry of
Ag
�-TVJ Agculturr
e
and Food
Ontario
ALLBORO ELEVATORS LTD.
have all requirements for
Elevating, Drying and Storing your Corn
Wheat, Barley, and Soybeans
Agent for CANOLA SEEDS
LONDESBORO, ONTARIO
THE RURAL VOICE, AUGUST 1983 PG 5