The Rural Voice, 1988-09, Page 115SEEDSTOCK
Bodmin has an
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YORK, LANDRACE,
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Call:
Phil Smith
519-764-2898
Gerry Campschroer
519-523-4284
Boar Store (Days) 519-
887-9206
Health Classification
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YORK LAND HAMP
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38 THE RURAL VOICE
NEWS
MALCOLM DAVIDSON HONOURED AT
CENTRALIA COLLEGE CROPS UPDATE
Jane Davidson of Bay-
field accepted an OMAF
Centennial Award for her
late husband, Malcolm
Davidson, a well-known
farm leader, at Centralia
College's Crops Update
last month. The award,
presented by Deputy Min-
ister of Agriculture Clay
Switzer, is one of the 100
awards issued this year to
recognize contributions to
agriculture in the prov-
ince. Malcolm Davidson
farmed 600 acres in
Huron County. One of the
authors of The Challenge
of Abundance, a report
that predicted the prob-
lem of oversupply in agri-
culture, Davidson was
also a Federation of Agri-
culture executive mem-
ber and a tireless advisor
in matters of farm policy.
"Anyone who knew him
will never forget his lead-
ership or his strong con-
victions," noted Switzer. With Jane are son Andrew, left, daughters Elizabeth and
(seated) Karin (son Matthew and daughter Clare were not present), grandchildren
Malcolm and Jocelyn, and two of those who nominated Malcolm Davidson for the
award, Gordon Hill and Ken MacLeod, also rural leaders. The annual Centralia Crops
Update drew a large number of farmers to its flourishing 150 -acre research farm.
FEDERAL STUDY SAYS FARMERS NEED
MORE SOPHISTICATED ACCOUNTING
Farmers will have to keep very accu-
rate books and provide evidence of the
ability to achieve a profit if they want to
get bank loans in the future, says a study
conducted for Agriculture Canada.
And more of the costs associated
with loans and services will be borne by
farmers on a user -pay basis.
Conversely, lenders will need a bet-
ter understanding of farming so they can
assess clients' needs more accurately.
"Farm borrowers will have to be-
come more sophisticated in presenting
their case to lenders," says John Cald-
well, a policy analyst with Agriculture
Canada. That means a well-prepared
business plan including a cash-flow
projection, an analysis of unit costs, and
a proven record.
Farmers may also be required to
move from a cash to an accrual account-
ing system, the study says. Some lend-
ers already insist on accrual profit and
loss statements on larger loans. Tax
returns will probably not be considered
adequate for assessing profit potential.
In December of 1987, the federal
government announced its commitment
of $13 million toward new farm finan-
cial management training initiatives to
be cost -shared with the provinces.
An inventory of existing programs
and an analysis of each province's needs
has been completed. The next step is to
develop programs to address those pro-
vincial needs.0