The Rural Voice, 1987-05, Page 32ROASTED SOYBEANS
Available Soon
Also
Custom Roasting & Banking
Grain Banking for your 1987 Crops
Mcasterfeeds
DBar-B-Dee Farms Ltd
R.R. No. 1, BORNHOLM, Ontario NOK 1A0
PHONE (519) 347-2966
1
NEW from AG RO-T R E N D
ICM SPRAYER
List $6870
True follow hitch
Hydraulic raise, electric controls,
self levelling 40' boom
Available from
FARM FLEET
Dealers
All North American plumbing fittings
Adjustable height — axle and tongue
Screw -jack boom height adjustment
38" tires
AGRO TREND
CORP
Clifford, Ontario
519-327-8005
30 THE RURAL VOICE
NEWS
BASIS CONTRACTS
NOW PROTECTED
Basis contracts and other deferred
pricing arrangements for corn and soy-
beans are now covered under the Grain
Financial Protection Program.
"The changes to the financial pro-
tection program," says provincial
Minister of Agriculture Jack Riddell,
"should prevent the kind of problems
that arose in 1985 when a grain dealer
became insolvent. A large number of
producers did not receive compensation
from the protection fund in that case
because outstanding balances were
owed under basis contracts."
A special government program was
set up to compensate those producers.
The Grain Financial Protection Pro-
gram, introduced in the fall of 1984,
covers corn and soybean growers from
default by licensed grain dealers. It
guarantees producers 90 per cent of the
market value of the grain at the date of
default.
Under the new rules for contract
sales, producers will be covered for
losses on written deferred pricing agree-
ments if the agreement called for final
pricing of the grain based on the
futures market. Producers must also
receive at least 75 per cent of the cur-
rent market value of the grain when
the contract is signed and the own-
ership transferred.
As much as 40 per cent of the
Ontario corn and soybean crop is sold
under basis contracts or other deferred
pricing agreements each year.0
HEIFERS ELIGIBLE
TO BE RE -WEIGHED
Cow -calf producers enrolled in the
Red Meat Plan are reminded that
heifers that were weighed at weaning
are eligible to be re -weighed as year-
lings.
The must be weighed by the coun-
ty weighman between 120 and 210
days after they were weighed as calves.
These weights are taken to assess
the productivity of the individual
animals after weaning.
Murray Emke
Red Meat Advisor
Bruce County