The Rural Voice, 1986-08, Page 36TOOLS & EQUIPMENT
Farm • Home - Contractor
RENTALS AND SALES
Get the right tools for the right job
Whether building or renovating, call us at:
519-357-1666 519-482-3339
or 519-357-2335 (after hours) 286 Huron St., Hwy. 8 W.,
Hyw. 4, N., WINGHAM CLINTON
Farm
with
CHARM
• Alfalfa Pellets • Wood Shavings
• Wire Caging • Chinchilla Grain Mix
• Automatic Drinkers • Alfalfa Cubes
• Custom Pellets • White or Blue Sand
• Mirra-Coat • Mineral • Vitamin Tonic
• Wheat Germ Oil • Collars • Pelting
• 1st Quality GRADED Breeding Stock
Chinchilla Charm of Canada Ltd. (519) 323.4322
R.R. 2, Mount Forest, Ont. NOG 2L0
CONCERNED ABOUT THE MANAGEMENT
OF YOUR FARM WOODLOT?
We at J.H. Keeso and Sons Ltd. share your
awareness of the value of a properly harvested
woodlot. Selective cutting techniques employed by
our experienced logging crew can help to assure you
of a source of income now and in the future. This we
feel is to our mutual benefit. We would be happy to
quote you on standing or felled hardwoods towards
that end.
Box 250 OFFICE:
Listowel, Ontario 291-4890
N4W 3H4
EVENINGS:
291-3039
291-2962
34 THE RURAL VOICE
NEWS
FARM DEBT REVIEW
BECOMES LAW
The long awaited farm debt
review legislation became law on
the last day of the sitting of the
House before summer recess.
While the new federal act provides
for a review board process to be
available to financially stressed
farmers and their creditors, it does
not fulfil the hopes of many farm
groups for court ordered ar-
rangements. The liaison committee
of eight major Ontario farm
organizations has been pressing for
some time now — most visibly at a
rally at John Wise's home riding in
St. Thomas last November — for
the courts to be empowered to im-
pose a settlement where a volun-
tary agreement between a farmer
and creditor could not be reached.
"We have been trying to achieve
for farmers what was available to
the business community at large,"
says Brigid Pyke, a vice-president
of both the Ontario and Canadian
Federations of Agriculture.
Pyke believes the new bill, while
falling short of the goals set by the
farm groups, is a step in the right
direction.
Under the act, review boards
will be established on a regional
basis, with individual cases being
dealt with by panels consisting of
one board member and two other
qualified members. The creditors
of an insolvent farmer are now re-
quired to give fifteen days' notice
that action to redeem security will
be taken, and must notify the
farmer of his right to apply for a
hearing with the review board.
After that, an additional thirty
days are given to try to arrange a
settlement. Under paragraphs
granting extensions, up to 120 days
may be taken to reach an agree-
ment. If agreement is reached, the
panel will witness such, and the
board may appoint a trustee to see
that the terms of the agreement are
met.
But Pyke says that it is at this
point that the legislation falls
short. If no agreement can be
negotiated between the farmer and
the creditor, the review board does
not have the authority to impose a
settlement. Citing the example of
the experimental Grey -Bruce Pilot
Project which took place in the
winter of 1984-85, Pyke noted that
the financial institutions are not