HomeMy WebLinkAboutThe Lucknow Sentinel, 1994-11-23, Page 19Know your rights and responsibilities
Arc you considering using credit
to purchase machinery, quota, land,
or for livestock and crop inputs?
Each purchase requires one to sign
documents of some sort. The main
statement that is signed includes "I
promise to pay with interest...".
Your major responsibility as a
borrower is to repay the loan. But
you are also entitled to certain
rights when documents are signed.
Do you want to avoid the pitfalls?
Have we a got a seminar for you!
It's entitled "Sharpen Your Credit
Management and Negotiating
Skills". The participants will learn
the effective use of credit in farm
business and the legal ramifications
for both borrowers and lenders.
Teaching teams of OMAFRA staff,
lawyers, bankers and farmers will
explain security, debtors' rights, tips
in negotiating and securing credit as
well as, sources, costs and effective
use of credit.
Don't miss the highlight from last
year's seminar, Ted Oldfield, 'a
partner in the law firm of Hobson,
Wellhauser" Taylor and Oldfield
Cows, veal s
The market at Brussels Livestock
saw fed steers and heifers selling on
a steady trade. Cows traded $1 - 2
higher. Veal were selling $2 - 3
higher. Lambs sold on a strong
active trade. Friday saw stockers
selling steady.
Steers
There were 462 steers on offer
selling from 88.00 t 94.00 to the
high of 106.00.
Don Culbert, Dungannon, 13, avg.
1405 lbs., avg. 92.54 to 102.75.
Percy Bros., Holyrood, 10, avg.
1355 lbs., avg. 87.63 to 91.75.
Don Lamb, Goderich, . 4, avg.
1101 lbs., avg. 88.04 to 91.50.
Gerry McPhee, Auburn., 2, avg.
1425 lbs., sold for 90.75.
FBruce. County OMAF
ARM REPORT
from Waterloo. Ted has been in-
volved in farm debt restructuring
for a number of years. Ted reviews
various' documents that need to be
signed and advises on the pitfalls
that need to be avoided.
This workshop is being held on
Dec. 14 and 21 at the OMAFRA
board room, Walkerton.
Registration for the two-day
workshop, including two lunches
and GST is $40 or $55 for two, if
they are attending from the same
farm.
To obtain more information or to
register, contact the OMAFRA
office in Walkerton at 881-3301 or
1-800-265-3023.
Swine Seminar
Three -site -production is where
pigs are raised in three different
locations from birth to market. The
newborn pigs are born virtually free
of disease causing organisms and
acquire passive immunity from the
sow's cdlostrum, milk. At. 14 days
of age the piglets aremoved to a
second site or barn, some distance
away from the farrowing unit.
Using high digestible protein feeds,
the piglets are started in a warm,
clean, comfortable environment
using an all -in all-out technique.
Large numbers of healthy wearer
pigs can be produced to fill Large
finishing barns all at once. The
finishing barn operation can take
advantage of phase feeding, split
sex feeding and all -in, all-out.
A number of companies have
been co-ordinating the phenomenon
of three -site -production. Each seg-
ment is guaranteed a .price for a
term of years. Along with the
positives mentioned, there are un-
certainties that exist. With this in
mind, a seminar entitled "Three Site
Production" has been developed
under the leadership of Franklin
Kains, Swine Engineer, OMAFRA.
Contact the Walkerton OMAFRA
office at 881-3301 or 1-800-265-
3023 for a registration form.
old higher at Brussels
Martin Hendricks, Lucknow, 3,
avg. 1223 lbs., avg. 87.59 to 89.50.
Arnold Lamb, Goderich, 2, avg.
1235 lbs., sold for 84.00.
Heifers
T.here.were 188 heifers on offer
selling from 88.00 t 94.00 to the
high of 95.25.
Gordon Dougherty, Goderich, 10, Veal
avg. 1209 lbs., avg. 87.18 to 92.00. There were 162 veal . on offer
Jack Pentland, Goderich, 8, avg. selling from 88.50 to 107.00 to the
1311 lbs., avg. 85.55 to 87.75. high of 126.00.
Ronald Menary, Lucknow, 6, avg. Bill Arnold, Lucknow, 3, avg.
1031 lbs., avg. 81.45 to 87.00., 618 lbs., avg. 104.70 to 112.50.
Joe Hendricks, Lucknow, 2, avg. Marinus Bakker, Auburn, 6, avg. •
1060 lbs., avg. 80.52 to 81.00. 633 lbs., avg. 99.29 to 103.00.
Cows • Dave Elphick, Lucknow, 3, avg.
There were 280 cows on offer 683 lbs., avg. 97.98 to 102.50.
selling from 46.00 to 62.00 to the
high of 77.00.
E. Piels & Sons, Ripley, I,
weighing 1360 lbs., sold for 58.25.
Levi Yoder, Lucknow, 1, avg.
13301bs., avg. 56.04 to 58.00.
Burt Farms, Holyrood, 2, avg.
1500 lbs., avg. 55.42 to 56.00.
Lucknow Senti-ne-I-, -Wet1nes.day, No -venter- 2:1, 199.4 Page 19
THANK YOU
...to the ratepayers of Huron
Township for your support at
• the polls.
Elmer Smeltzer
Phil McCann
would Tike t�
thank the voters
of
eshfield Township
for their votes on
November 14th.
Your support was
greatly appreciated.
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A very special thank!
v'ou to all the Lucknow,
voters who supported.)
me at the 'polls onl
November 14 .
I look forward • to]
serving you, to the best,
of my ability, on the
Lucknow Council for
the next 3 years.
Tom Pegg
J.
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