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The Wingham Advance-Times, 1967-04-13, Page 20Page Wtngharn Advanee*Times, Thursday, April 9, 1967 BARBERRY is losing ground in. Ontario—and it's taking stem rust with it! The Ontario Department of Agricul- ture and Food is in the second year of a three-year pro- gram to rid the province of the bush on which cereal grain stem rust live throughout the winter, With no alter- nate host on which to live Ontario's rust problem which costs the province $6 million each year should be suppres- sed, Department Soils and Crop Specialist, Bill Taylor, checks mapped barberry sightings with foreman as a crew sprays bushes marked earlier by locating parties. EARLY VWs. LATE VWs. AND EVERY VW IN BETWEEN. Ever heard the theory that the nice thing about buying a used VW is nobody knows how used it really is? Some of our owners tell us this. That's why we'd like to remind you we've a lot of good used VWs on hand right now. Some are used a little. Some a Little more. Come see us and confuse your neighbours. ABERHART'S GARAGE VOLKSWAGEN SALES & SERVICE 39 ANDREW STREET - GODERICH, ONT. Serving Goderich - Wingham - Clinton areas Transfer of a farm from father to son D, A. MCART1lUR Extension Branch Dept. of Agr, and Food Guelph, Ontario Many farm sons wonder about their future on the family farm. Father often says "don't worry about it, the farm will be yours when I'ni gone." Should this answer satisfy the son? In most cases, it is not enough. First of all, the farm may not be his, Everyone should have a will. Unfortunately, many do not. Without a will a person's estate will be divided by law among his relatives ac cording to their relationship to the deceased, Even with a will, the son has no guarantee that the farm will be his. A will can be changed anytime during a person's lifetime, A person who remarries automatically nullifies his will made previous to the remarriage. Wills are sometimes so involved and re- strictive that it would be im- possible for the son to take over the farm on a reasonable basis. There are other reasons why more than a will is needed to transfer the farm to the son. The son wants some security, es- pecially if he is married. The will does not give him this. He wants a stake in the farm busi- ness, including a share of the real estate. Another reason is the large estates that many far- mers have now accumulated. Careful, long-range estate planning is needed to minimize death duties. For example, on an estate of $100, 000 left out- right to the wife with no de- pendent children, death duties would be $6,981. If the estate was $75, 000, the death duties would be $900. Giving it all away at once or transferring just a year or two before one dies will not help much either. Gift tax or time limitations related to death duties enter the pic- ture in these situations. How then should a farmer transfer the farm to his son? There is no one best way as each situation is different. You need to first decide what you want to do and then get compe- tent advice on how best to do it. You may want to talk to other farmers, Extension Branch people, your lawyer, account- ant, trust company, life insur- ance representatives, etc. Sell* ing the farm to the son may be the best answer, Or perhaps a partnership where the son grad- ually takes over the business.. Incorporation is becoming more common, particularly on larger farms with more than two peo- ple involved. You may wish to take advan- tage of the $10,000 once-in-a- lifetime gift of farm real estate that a fanner can make to his children for farming purposes. There is also the annual $4, 000 gift tax provision, and as many gifts up to $1,000 to separate individuals that a person wishes to make. Gifts must be made at least three and five yearsbe- fore death for their value not to be included in an estate for Canada Estate Tax and Ontario Succession Duty, respectively. You may wish to establish a ba* sic herd. Basic herd livestock, on disposal, are considered as capital rather than income. These are just some of the items one can take advantage of in estate planning. A will is essential for anyone who has assets or might acquire assets. But a will alone is not sufficient to transfer the farm to the son. It should be part of the estate plan. A good estate plan will gradually bring the son into the business on a sound basis. It will also provide the parents with income and secur- ity. It will bring satisfaction to everyone. A dying dictator was stretch- ed out on his bed breathing his last. By his bedside was his second in command, tears streaming down his face. The old dictator patted his aide's hand feebly. "Do not grieve so,Comrade," he whispered. " I want you to know that because of your loy- alty I am leaving you my mo- ney, my cars, my plane, my country estate, my yacht -- •everything! " "Thank you, thank you," cried the man. "You're much too good to me. Oh, if there was only something I could do for you!" The dying man boosted him- self up a bit. "There is," he gasped. "Just take your foot off the oxygen . tube!" TO TALK IT OVER ELECTRICIAN EQUIPMENT DEALER HYDRO FARMER You'll save time, money and get more satisfaction when you have a 'get together' with your Electrician, Equip- ment dealer and Hydro representative. At A MEETING, LIKE THE ONE ILLUSTRATED, YOU CAN EFFECTIVELY PLAN. Upgrading your electric Service to 100 or 200 amps. Installation of recommended #arm wiring. Efficient operaton of a new stable cleaner, Silo unloader, feeding system as well electric equipment already hard at work on CONTACT 1' YOUR HYDRO AREA OFFICE AND ARRANGE A MEETING TODAY Seed.potc to production can increose Can. Ontario; produce .enough seed for its potato producers? This question has been asked numerous times by horticuitur- ists and economists with the On. tario Department of Agriculture and Food. Statistics have in- dicated that Ontario in recent years has been producing ap- proximately 60, 000 acres of potatoes annually which re* quires the seed production from 6,000 acres. Since 1961, seed potato acreage has been in- creasing in Ontario, and by 1966 slightly more than 1, 640 acres passed inspection and were given either a Certified or Foundation rating. This pro- duction should provide sufficient seed to plant approximately 16,- 000 acres, or 27 percent of the acreage which is expected to be planted in 1967. in addition, there has been a trend toward increasing potato acreage in Ontario in an attempt to fill an expanding market occasioned by a rapidly -increasing popula- tion. Obviously the need for seed potatoes exists. Traditionally, seed potatoes have been produced on farms on which an average of only eleven acres had been devoted to their production. M such, these acreages were too small to be economically profitable. flow* ever, .a few growers in the Prov- ince have demonstrated in re- cent years that seed. *potato pro^ duction can be carried out on larger economical units of up to 200 acres, Seed -potato produo- tion is best carried out north of the 44th parallel of latitude which includes all of central and northern Ontario. Basic technology involved in seed- potato production includes prac- tices ractices such as rogueing which can be learned by new growersstart* ing with a small acreage first, and then building to larger economical units over a period of two or three years. Seed -potato production is best carried out on sandy or sandy loam soils. The fertility of these soils can be improved by the addition of commercial fertilizer. Such soils exist in many parts of the province. Persons wishing to grow seed should contact the Provincial Potato Extension Specialist, On- tario Department of Agriculture and Food, Alliston, or the Seed Potato Certification offices, Canada Department of Agricul- ture in Barrie, London, Ottawa, or Guelph for the regulations in- volved in seed -potato produc- tion. FAR SPECIALIZING IN: ATIC EQUIPMENT • Feed Progressing Systems • Farm Ventilation • Complete Hog Barn Equipment • Fans, Automatic Feeding, Waterers Eastern Canadian Distributor for M zze FARM AUTOMATIC FEEDING LIMITED GORRIE, ONT. - Ph. Wroxeter 242W CENTENNIAL COMMUNITY CRUSADE Under auspices of The Wingham Salvation Army FEATURING... THE GIFTED CLARKE FAMILY OF TORONTO FOR YOUTH: GOSPEL HOOTENANNY FEATURING "THE GUELPH CRUSADERS" "THE BENDERS from DURHAM" (Y. F. C. FAVOURITES) SATURDAY, APRIL 15th at 8.00 p.m. WINGHAM UNITED CHURCH LOWER HALL MINNIE STREET Final Crusade Service -- St. Andrew's Pres Church SUNDAY, APRIL 16th at 7.00 p.m. A Community Service Dress: Centenn of Costume