The Rural Voice, 1986-02, Page 31FARM NEWS
the $700 to $900 it costs to incor-
porate.
Interpretation of laws concern-
ing financing are meant to balance
the right of the debtor to keep and
use his assets with the right of the
lender to be paid. "But around
here over the last few years, our
system has broken down because
the level of default is so high it
can't work," Barker says.
With the many options open to
the lender to get his money,
farmers do need good legal and
counselling advice, says Barker.
"When a banker asks you to sign
something, it's worth paying a
laywer $50 to see what it is," he
concludes. L PC
Canola group formed
The production of canola has in-
creased tremendously in Ontario
during the past five years and pro-
ducers are now forming an Ontario
Canola Association.
In January, they held two
founding meetings. One in
Lucknow and one in Moorefield,
with a total of almost 60 producers
in attendance. At each location,
three directors and 12 commit-
teemen were elected. The group is
now planning a similar meeting in
eastern Ontario.
The newly elected chairman of
the association is Frank Vanhevel
of Bornholm who has been grow-
ing canola for five years. He is cur-
rently preparing to meet with
members of the Farm Products
Marketing Board to set up policy
on behalf of the association.
"The object of the canola
association right now is to have a
representative on the Oil and Pro-
tein Board so that if a new variety
for Ontario looks promising, we
can get it licensed," he says.
The association has also examin-
ed other commodity organizations
and chosen some programs they
helieve would be beneficial to
canola growers as well. "We'd like
to have the financial protection
plan for the canola growers like the
corn and soybean people have. We
also would like to be included in
the stabilization plan which we're
not as this time, and probably the
advanced payment program.
Donald "Buck" Ross of
Moorefield is vice-president of the
new association and Murray
Townsend of Ripley was elected
treasurer at the founding
meetings. Cl PC
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Elliott-Tweddle Insurance, Wingham 357-1414
Elliott Insurance Brokers, Blyth 523-4481
Gaiser-Kneale Insurance Brokers, Clinton 482-9747
Exeter 235-2420
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Vern Hargrave Insurance Broker, Dundalk 923-2702
Johnson-Dadson Insurance. Listowel 291-2964
Keil Insurance Brokers, Gorrie 335-3525
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Bryan Lavis Insurance Broker, Clinton 482-9310
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I-t:BRUARY 1986 29