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Home My WebLink AboutThe Lucknow Sentinel, 1984-03-21, Page 23Ontario farnie s ou1d post'tidh r investmient, :Aar t -+ profit and ,U �9 yoities in 19844, 0sp�.al1y toward tit " of the yeait.4 ,ecasts: f, Speaking to th?'#'a arm;`,Profit .look conference: rnary X29; ..Seniors culture .Manager Pa l k i Mrinerteff "In reviewing � volu es and prices r of �y Y ip is.;revenue andr�cost<4stdes; - we expect'1984 farm income .tax• recover.". ,. t .. t A.E. Mor}el,l for Vice+President of the your business." inks Western Ontario:: Central Divison,.fi ,, Hlghl�,hta 4of IVIr; 14one'rieff's A,gritlut- the conferences the farm equity position look forecasts include, pl1 sound, but most farmers have had to < —A ro h � . �' ,pF . ac ting t�0��.1984; �l:ti�ng Season, Pike adjustments in farm budgetsand have the U.S., and g%tri, waist stock iise ratios. +close: to a bral , sdtrvtces:, likeFavail cial banking Units (C.. tonal'ba$ y;of cash Corinna - s) will have a-inuch> d ontrea4l higher credit . authorization authority `and turnaround time,40r, the ' vasty Majority—of credit ' requests ► it b . shortened Our: a a unt managers will be attempting to. de *ore• in . the w of financia ance not just on loans but on investr ts us~ well Certai!Jly, more farm visits i11 be in order more fully understand den fewer funds avilable for personal living areb54%' ands22%d `;respectively, .indicating a ;Lenders 'hare become much more con- . U - , Ipenses. large surplus positron. -particularly in the ions of risks, te-satd, -and,are, devoting.. - Winter wheat acreage is up, I0T9.in the aha,, Nit. relief n:lnisphere crops.: is likely to have - a k :reductions. ens expected to ss a ,reason, outside .� 'sni In' 1984 wheat,waspie. smallest since 19-75, and -the stockyears.. This Is reflected iti current -prices andreault in a' mneh larger '1984. crep.— A "Fence Row to Fence Rovv4.corn cropkr 1984- predominately in the U.S. -- Couldpush.the stocks ase ratio to % glpballyand about .25%, in -the -U.S., and could pushReflected bad into Ca.nada. thi,s means •5/00-117/tonne baSit C'hatham and $70-80/tonne for, non , beard Barley in Western -- The fewest oilseeds carry reater effort to .risk management and U.S -and VII • C J . ` ratification }by working- with nag -4. client. citta +d yfrca n id situation- iHe listed criterea for annideal Agri -Banker• oma intified by ast' me ibex of :the Bank of (ontreal's Agricultural Advi of Panel, Sid ' e utcrease irdonof Ne pawa, ' Manitoba, "' anti -said of: weittl se criteria are shaping, the oirganizatlonal nFp structuring -currently,going on within the Mk. They include: "' . His role should be separated from the nch "bureaucracy" of various duties and '11 that assorted detail.," He should specialize in servicing the cultural client: He should operate from an..;, f ce :o. tside e branch, ' "de-fiirtnalizing, :, t so- 1 felt mfortable just stopping in to pass the time> day over a cup of°coffee:"`' The farmer -client's file should be kept in a mputer and include not' just 'financial, res, but all' the physical datart. �aboutli s The Agri -Banker's expertise should benot y in financial -lust in ,production' and. rketing aspects of farming as well. s credit authorization limits should be.. h enough to- enabfe him to, niake swift isions, with very few loans ever having to t dividional . office approval. . He would devote . as much effort ' to tiring the farmer -client's deposits were ested at maximum rates as to managing ' spring.' Liquidation in Canada will be of' . a very small magnitude compared to. the U.S. the latter of which should, ,be completed by inid� summer. , - Profitablility in cattle feeding will be rnixed this year: Losses 'will occur in late spring/early summer if last fall's expensive • feeder calves are fed high gain rations for . early finishing and marketing. —Increasing consumer demand, rebuilding of hog and cattle breeding ' population and cheap feed grain are factors that will combine to send prices of pork and beef markedly higher into 1985; not in 1984. -- With this'outlook" for beef and pork, poultry boards will be challenged to match supply with' demand. 1974/754nd a U.S. stocks use ratio 'of 8% for soybeans . ensures . markedly increased oil- seed production in 1984. -- The next two years will be ''very interesting in the red meat industry.. •.In the short run the heg industry is going through the final phase of liquidation accompanied by low p`"rices; Hog prices in Canada will bottom in the low 560.00/cwt dessed • this credit side. of the account. He would visit the farm frequently. r. Morel said the current restructuring the Bank of Montreal's Commercial king activities, including , agri-Rending, a group independent from . retail , or sumer banking centred in existing nches addresses • the farm banking uirements listed, by ,Sid Gordon. `A separation of commercial agr-i-lending the daily personal use of bank services exist," he said. "Based on market area will be specializing in agriculture with ng agri-oriented personnel." Where feasible; 'we will be locating -lenders in a separate office facility but nual Canada farm show indicates ajor upswing in equipment sales Economic recovery appears to be just )und the corner for the Canadian farm. rket if the 38th Canada Farm Show held uary 31. to February 3, 1984 in Toronto is indicator. ponsored by the . Ontario Retail Farm uipment Dealers' Association, the show acted 68,000 visitors over the four day iod to view the latest in farm equipment, plies and services by an unprecedented exhibitors. Many exhibitdrs, difcluding e of the major farm tractor nanufac- ers were introducing new 'lines . of ipment to the Canadian farm market. how manager,. Dawn Morris had this to about the show. "We are pleased with positive 'espouse to this year's -show m both exhibitors and visitors:, Exhibitors re receiving an enthusiastic and positive ling from •the fanner that economic overy is on theupswing this year," she nt on to say. >awn Morriss sentiment, was shared by ny exhibitors. Ron Wiens of John Deere Cited indscatedithat they were ex:treniely ased with the show and the , good �onse from farmers to their equipment ecially their new series of automated e harvesters. "The show was definitely a positive indicator that 1984 will be a good year," he said. Exhibitors Share Enthusiasm Over Show Wayne Hadley, Hadley Equipment (1980) Limited, Massey Ferguson dealer indicated that there was particular interest this year in the deluxe models of equipment. "Last year farmers weren't buying as they felt every- thing was too expensive but this year there seems to, be a turn around in approach, he went on to say. Peter Mosey, International Harvester confirmed this statement. "The 1984' Canada Farm Show ,was the _best ever," he sayd. "For the past couple of years farmers have been putting off buying equipment," he said, "but this year they are showing renewed interest. ". Another first time exhibitor at the show, Charles Wildeman, Keen Industries from Saskatchewan was extremely pleased with the interest shown it} his trailers and said that they would definitely be exhibiting next year,. Keen industries pride themselves on being the only manufacturers of aluminum stock 'trailers in Canada, Turn to page 7 The Farm .E4.,Itloo, Wed of h 21, 1984 - 3 ween: t t to ordoii I.D.A. Pharmacy) Kincardine Werner Ritgen lion PouIt�n Real Estate Ltd. is pleased. to .announce the appointment of WERNER RI TEEN to their office. ,= s Werner will be acting as our agricultural sales representa- tive.* . ' With. his :expertise in all areas. if agriculture, he is looking ,forward to. serving ; the rural real estate needs In the surrounding areas. To contact Werner call 529-7783. Make an offer on one of these... NICE BRICK HOME surrounded by 200 acres, 182 acres workable, very productive soil, well drained, other features, newer finishing barn for hogs, 2 siloas and drive shed. Take gantage of a large FCC mortgage at good interest rate. Act now for spring possession. 100 ACRES, 68 workable, hardwood bush, licensed gravel pit, self draining soil. Priced reasonable. 145 ACRES pasture farm, about 100 acres tillable. Priced to sell. 190 ACRES, 52 acres workable, balance soft wood bush, only $49,000.00. COUNTRY HOME on 2.5 acre lot, well maintained building in quiet area of Ashfield Township. 6-. WANTED -- poultry farms, cash crop farms within 30 miles of Goderich. • Kincardine 396-8444 R. R. 7 Lucknow 5297783, • t'.