HomeMy WebLinkAboutThe Citizen, 1993-01-13, Page 11College hosts income tax update
Hallrice honour
Jamie Hallahan (left) of RR 3, Blyth receives the Top
Senior Heifer trophy from Lavern Clark of the Blyth Vet
Clinic for having the top senior heifer in the Hallrice Dairy
4-H Calf Club. The trophy presentation was Saturday night
at Snell's Restaurant in Westfield.
y Keith Rouisto
Numbers tell story on crop coverage
Crop insurance coverage for losses on the 1992 white and soybean
crops is considerably higher than coverage on the corn crop, figures pro-
vided to Huron County Council's Agriculture, Planing and Development
Committee show.
The figures presented by Bob Humphries, Ag Rep for Huron, show
that farmers are more conscientious in covering bean crops than they are
corn, and the result is that the loss will hurt the local economy more.
Huron farmers grew 100,000 acres of soybeans in 1992 with 75,000
acres covered under crop insurance. In white beans, 42,000 acres were
grown with 35,000 acres covered by insurance.
But by far the biggest crop in the county is corn with 200,000 acres
planted (175,000 to grain corn, 25,000 acres to silage). Of that, only
100,000 acres was covered by crop insurance.
Speaking to the committee in December, Mr. Humphries said the
crop crisis has hurt in other ways. Custom operators, for instance, saw
their contracts for harvesting cancelled. Township reeves were even
worried about the ability of farmers to pay their taxes. Farmers even had
problems emptying their manure pits because the crops weren't off so
they could spread the manure on the land before it was plowed.
If the disaster has produced a bumper crop of one thing, however, it
is stories for the survivors to pass on down to their grandchildren. How
about harvesting soybeans at Christmas, or corn in January. Plowing in
January, not totally unknown in the past few years if still unusual, has
been a familiar sight around the county in the past few days with very
little snow and the cold temperature firming up the fields enough for
farmers to get to work. Farmers, though having a reputation of loving to
complain, would no doubt prefer to tell their grandchildren about a year
when everything went right and they got to pay off the bank loan and
buy some new equipment.
BRUSSELS LIVESTOCK
Division of Gamble & Rogers Ltd.
UPCOMING SALES
TUESDAYS
THURSDAYS
FRIDAYS
9 a.m. Finished
Cattle & Cows
11:00 a.m. Dropped Calves
Veals followed
by Goats
Sheep & Lambs
10:00 a.m. Stocker Cattle
1:00 p.m. Pigs
BRUSSELS 887-6461
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DUNGANNON
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one
just
Canada's
change.
equipment,
IN
roof.
have
9:30
largest
You'll
You'll
to do
1993,
EARLIER
products
a.m.
it
still
JANUARY
9:30
indoor
be
still
a few
to 5:30
a.m.
and
be able
THE
farm
able
weeks
p.m.
to
THAN
services
show
to see
to do
earlier
4:00
BIRD
19-22,1993
Tuesday
.
has
the
ever
it for
p.m.
than
widest
thru
Friday
made
four
USUAL.
assembled
WILL
usual.
Thursday
range
days.
a major
of
under
You'll
BE
farm
FARM
CANADIAN
The
EQUIPMENT
1993
INTERNATIONAL
SHOW
Toronto International Centre
6900 Airport Road, Toronto, Ontario
Sponsored by:
For more information
ITIE
contact
or call
As Supported by: 0.W.F.E.A.
farm equipment dealer your local
(705)741-2536
THE CITIZEN, WEDNESDAY, JANUARY 13, 1993. PAGE 11.
Brussels Livestock Report
Light run of pigs
Sales at Brussels Livestock for
the week ending Jan. 8 were: fed
cattle, 872; cows, 374; veal calves,
258; sheep and goats, 60; stockers,
625; and pigs, light run.
All classes of cattle sold on a
steady market at Brussels Live-
stock. There were 476 steers on
offer selling from $97 to $104 to
the high of $116.75. Twenty-eight
steers consigned by Gerald Geisel,
Elmira, averaging 1446 lbs. sold
for an average of $105.16 with
sales to $116.75.
Eight steers consigned by Fraser
Diehl, Milverton, averaging 1297
lbs. sold for an average of $100.77
with sales to $112.50. Thirty-eight
steers consigned by Cunningham
Farms, Lucan, averaging 1465 lbs.
sold for an average of $99.64 with
sales to $106. Six steers consigned
by Gordon Borth, Mildmay,
averaging 1373 lbs. sold for an
average of $100.39 with sales to
$106.50.
Forty-two steers consigned by
David Millsap, Creemore,
averaging 1425 lbs. sold for an
average of $101.47 with sales to
$104.50. Two steers consigned by
Irvin Schenk, Petersburg, averaging
1285 lbs. sold for an average of
$101.75 with sales to $103.25. One
steer consigned by Robert Wanless
Sr., Palmerston, weighing 1360 lbs.
sold for $103.
Seventeen steers consigned by
Doug Gear, Orton, averaging 1386
lbs. sold for an average of $101
with sales to $103.25. Twenty-
eight steers consigned by Martin
Metske, Lucknow, averaging 1264
lbs. sold for an average of $97.32
with sales to $101.75.Sixty-nine
steers consigned by Mervin
Johnston, Owen Sound, averaging
1200 lbs. sold for an average of
$98.01 with sales to $100.25.
There were 378 heifers on offer
selling from $97 to $102 to the
high of $116. Thirty-three heifers
consigned by Fred Marshall,
Fergus, averaging 1135 lbs. sold
for an average of $98.82 with sales
to $116. Ten heifers consigned by
Wayne King, Gorrie, averaging
1047 lbs. sold for an average of
$99.62 with sales to $107.70. four
heifers consigned by Harold
Jonker, Orangeville, averaging
1201 lbs. sold for an average of
$98.42 with sales to $103.75.
Ten heifers consigned by Randy
Pentland, Goderich, averaging
1107 lbs. sold for an average of
$95.37 with sales to $101.25.
Thirty-two heifers consigned by
Wayne O'Brian, Centralia,
averaging 1176 lbs. sold for an
average of $93.74 with sales to
$101. One heifer consigned by
Keith Jacklin, Bluevale, weighing
1240 lbs. sold for $100.
There were 374 cows on offer
selling from $58 to $68 to the high
of $75. One cow consigned by
Barry Hoegy, Walton, weighing
950 lbs. sold for $75. Two cows
consigned by Ken Litwiller,
Gowanstown, averaging 1395 lbs.
sold for an average of $71.67 with
sales to $72.75. Two cows
consigned by Frank Dolmage,
Seaforth, averaging 1500 lbs. sold
for an average of $69.12 with sales
to $69.25.
There were 258 veal on offer
selling from $88 to $110.50 to the
high of $130. Six veal consigned
by John Martin, Lucknow,
averaging 602 lbs. sold for an
average of $108.65 with sales to
$130. Three veal consigned by Dan
Schwartzentruber, Lucknow,
averaging 573 lbs. sold for an
average of $110.73 with sales to
$117.50. Two veal consigned by
Walter Stalenhoff, Auburn,
averaging 545 lbs. sold for an
average of $111.60 with sales to
$115.
Lambs: under 50 lbs., sold $126
to $215; over 50 lbs., $120 to $210
to the high of $255.
Stockers: steers, 400 - 500 lbs.,
sold $115 to $125 and higher; 500 -
600 lbs., $105 to $120; 600 - 750
lbs., $100 - $110; 800 and over,
$100 to $100.
Heifers, 400 - 500 lbs., sold $105
to $115; 500 - 600 lbs., $100 to
$110; 600 - 700 lbs., $95 to $105;
800 and over, $90 to $100.
Farmers starting to think about
the information they need to
complete their 1992 tax returns will
want to attend the annual Farm
Income Tax Update on Wednesday,
Jan. 20, 9 a.m. to 4 p.m. at
Centralia College, Huron Hall.
John McNeilly, a chartered
accountant in Exeter, plans to cover
some new topics of concern during
this one day seminar, along with
income regulations and tax
accounting procedures. Estate
planning, transfers and capital
transactions are some of the areas
McNeilly will outline. In the
afternoon, time is available for
questions and discussion relating to
specific concerns regarding your
farm income tax return. Farmers
are encouraged to enter freely into
the discussions.
Anyone interested in attending
must register in advance by
phoning the Continuing Education
office at Centralia College, 228-
6691 ext. 285. The cost per person
is $21.40 which includes lunch.