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HomeMy WebLinkAboutThe Citizen, 1999-02-03, Page 13THE CITIZEN, WEDNESDAY, FEBRUARY 3,1999. PAGE 13. Brussels Livestock report Lamb prices drop, range from $90 to $200 Sales at Brussels Livestock for the week ending Jan. 29 were: fed cattle, 740; cows, 261; veal and bob calves, 367; lambs and goats, 331; Stockers, 1,284. The fed steers and heifers sold at fully steady prices. Cows sold $1 lower. Veal sold steady with lambs selling $5 to $10 lower. On Friday all weights of Stockers sold at steady prices. There were 470 steers on offer selling from $90 to $95 to the high of $99. Thirty-five steers consigned by Kada Farms, Bluevale, averaging 1,380 lbs. sold for an average of $94.32 i^ith a limousin steer weighing 1,350 lbs. selling for $99 to Dominion Meat Packers. One steer consigned by William Pentland, Goderich, weighing 1,245 lbs. sold for $98. Four steers consigned by Machan F arm Richards, ‘nothing to lose’ The current sitation in the pork industry is unlike farm crises of the past, says Doug Richards, senior field representative with Ontario Pork, because it affects everyone in the industry. “Right now no one in the pork industry is making money,” Richards told farmers attending the annual Centralia Swine Research Update in Kirkton, Jan. 27. This is unlike the farm debt crisis of the 1980s when some farmers were in bad trouble while others were not concerned. Richards, who worked as a Farm Family Advisor in the past helping 12 farm families deal with their financial problems, advised getting someone outside your business to help you get perspective. “Even the best producers can become blinded by the scope, size and apparent insurmountability of problems that financial stress can bring on,” he said. “If people recognize the problem the battle is half won,” Richards said, but too often farmers don’t recognize there is a problem until it’s too late to find solutions. For instance, “if your feed bill is 60, 90 or 120 days in arrears, you are in trouble.” Under that situation you are using your current income to pay for past expenses, he said. The pigs you fed are long gone and you still have their bills to pay. Another sign of trouble is having to decide if you should pay one creditor at the expense of another. Juggling creditors won't work for long because one day they’ll all come calling. A third party can help people in crisis see things with new eyes. For instance, is it a short-term problem or a long-term problem? If a prob­ lem is caused by an outbreak of disease in the bam, or low prices, the problem will eventually be cor­ rected and if everything else in the operation is sound, the situation will eventually improve. Is the problem with capital costs or cashflow? Richards said he ran into cases where people-had been using their operating loan to finance capital purchases. If you Construction, Monkton, averaging 1,408 lbs. sold for an average Of $94.44 with sales to $95. Three steers consigned by David Bowles, Brussels, averaging 1,390 lbs. sold for an average of $94.33 with sales to $94.50. Forty-one steers consigned by Murray Forbes Farms Ltd., Clinton, averaging 1,418 lbs. sold for an average of $91.98 with sales to $95.25. Forty-three steers consigned by Bender Beef Farms, Hensail, averaging 1,491 lbs. sold for an average of $91.64 with sales to $98. Twelve steers consigned by Schmidt Brook Farms Inc., Woodstock, averaging i ,566 lbs. sold for an average of $90.79 with sales to $94.75. Four steers consigned by Jim Cronin, Seaforth, averaging 1,408 lbs. sold for an average of $90.37 with sales to have been doing that, he told farm­ ers, “this spring you will be strapped for operating money when you need to plant your crops.” Developing a business plan is key to finding a solution to the problem. The plan will allow you to go in and talk to your lender and other creditors and show you have a plan to deal with the problem. “Lenders don’t want barns,” he said. “I have yet to hear of one bank (in this crisis) that has come in and seized a farm”, (though he admitted in some cases lenders won’t likely have a choice). Lenders want to work with farm­ ers to help them keep going and pay their bills. But don’t go to talk to your lender unless you have a plan of action, he advised. Keep all creditors informed. Unsecured creditors will likely work with you because they don’t have much choice since they can’t sieze assets, Richards said. “They’ve got nothing to lose.” Work with your family and employees and keep them informed, he said. Employees may have ideas as to how to cut costs, ideas that may not solve the prob­ lem but will help. MMWB ROi IJTj.j- Irra R $. TUESDAYS THURSDAYS 8:30 a.m. % I ?• •• I FRIDAYS $97.75. Three steers consigned by Fanholme Farms, Fullarton, averaging 1,550 lbs. sold for an average of $89.13 with sales to $94.75. Ten steers consigned by Woodham Farms, Woodham, averaging 1,477 lbs. sold for an average of $88.20 with sales to $94.50. There were 252 heifers on offer selling from $90 to $95 to the high of $98. Eight heifers consigned by Hugh Love, Atwood, averaging 1,294 lbs. sold for an average of $93.62 with sales to $98. One limousin heifer consigned by Geo., Paul and Mark Pennington, Mildmay, weighing 1,110 lbs. sold for $98. Five heifers consigned by Tom Ellerington, Centralia, averaging 1,157 lbs. sold for an average of $93.82 with sales to $96. Fourteen heifers consigned by Mux Lea Farms, Woodstock, averaging 1,206 lbs. sold for an average of $93.25 with sales to $96.75. Twelve heifers consigned by Dave Tremeer, Seaforth, averaging 1,140 lbs. sold for an average of $92.65 with sales to $93.50. Four heifers consigned by IPM views quilt block entries The 1999 International Plowing Match Quilt Committee met in Crediton recently to make further plans for the quilt show in April and to view the blocks entered in the Quilt Block Challenge. Entrants were given three swatches of material. The swatches were to depict Huron County. Entrants were from throughout southern Ontario. The results are: first, Shirley Grubb, Mildmay; second, Muriel MacKenzie, Lucknow; third, June Sparkling, Owen Sound; fourth, Grace Drummond, Mitchell; fifth, Jean Richet, Petersburg. Honourable mention went to June Klassen of London, Kathryn Caie of Goderich and Ann Sanders of Sauble Beach. Quilters still have time to enter the quilt competition for the IPM Quilt Show at the South Huron Recreation Centre in Exeter on April 8 at 2 - 9 p.m. Award presentations and a reception will Continued on page 16 igers UlOM Ay I" . Finished Cattle & Cows I Bob Calves Veals followed I by Goats Sheep & Lambs | Stocker Cattle | Pigs | Robt. Mainland, Arthur, averaging 1,220 lbs. sold for an average of $92.63 with sales to $94.25. Five heifers consigned by Jake Rylaardsdam, Clinton, averaging 1,095 lbs. sold for an average of $92.62 with sales to $93.75. Three heifers consigned by Donald Thornton, Gorrie, averaging 1,228 lbs. sold for an average of $91.74 with sales to $93.25. Eight heifers consigned by Bev Hamilton, Hensall, averaging 1,277 lbs. sold for an average of $90 with sales to $92.25. Three heifers consigned by Don Niesen, Mildmay, averaging 1,270 lbs. sold for an average of $89.80 with sales to $92.75. There were 261 cows on offer selling: DI and D2 cows, $50 to $54 to the high of $79; D3, $45 to $50; D4, $35 to $45. One holstein cow consigned by Bruce Higgins, Brussels, weighing 1,440 lbs. sold for $79. Three simmental cows consigned by Bill Robinson, Auburn, averaging 1,428 lbs. sold for an average of $60.89 with sales to $75.50. One black cow consigned by Jim Maus, Cargill, weighing 1,155 lbs. sold for $72.50. There were 16 bulls on offer selling from $58.50 to $63 to the high of $76. One limousin bull consigned by Robert R. Norris, Staffa, weighing 1,880 lbs. sold for $74. One limousin bull consigned by Blake Gibson, Fordwich, weighing 1,975 lbs. sold for STANDING TIMBER & HARDWOOD SAW LOGS • Timber Purchasing & Resource Management • Quality Selective Cutting • Government Certified Crews with Quality Wo Also have SLABWOOD & WOOD MULCH available IRAIG HARDWOODS AUBURN, ONTARIO 519-526-7220 FAMILY BUSINESS SINCE 1866 LTD. JT\FARM MUTUAL ^VV\\ FINANCIAL SERVICES INC. 497 Main St. South, Exeter, ON. N0M 1S1 Toll Free 1-877-206-FARM (3276) Your RSP & RSP Loan Centre John Hanson (Exeter) 235-4000 Barb Worden (Staffa) 345-2777 Joe Uniac (Mitchell) 348-9012 Graeme Craig (Walton) 887-9381 |MUTUAL FUMD5 Templeton $72.50. There were 261 veal on offer selling: Beef, $90 to $117.50; Holstein, $75 to $90; Plain Holstein, $60 to $75. Four veal consigned by Henry Bos, Blyth, averaging 709 lbs. sold for an average of $109.56 with sales to $117.50. Seven veal consigned by Carl McLellan, Brussels, averaging 688 lbs. sold for an average of $101.64 with sales to $4 15. Six veal consigned by Donald Forster, Mildmay, averaging 637 lbs. sold for an average of $78.54 with sales to $109. There were 314 lambs and sheep on offer. Lambs, 50 - 64 lbs., sold $175 to $200; 65 - 79 lbs., $162.50 to $185; 80- 94 lbs., $120 to $150; 95-110 lbs., $90 to $112.5Q. Sheep sold $30 to $72.50. Goats sold $37.50 to $125. Steers, under 400 lbs., sold $100 to $136; 400 - 499 lbs., $109 to $135.50; 500 - 599 lbs., $111.50 to $130; 600 - 699 lbs., $101 to $123.50; 700 - 799 lbs., $103 to $118; 800 - 899 lbs., $96 to $111; 900 lbs. and over, $97 to $108.50. Heifers, 300 - 399 lbs., sold $89 to $120; 400 - 499 lbs., $102 to $117.50; 500 - 599 lbs., $99 to $120.25; 600 - 699 lbs., $97 to $116.75; 700 - 799 lbs., $94.25 to $110.50; 800 - 899 lbs., $92.50 to $104.75; 900 lbs. and over, $84 to $100. Plain stockers sold $48 to $65. Dean Whalen (Goderich) 524-5222 Norris Peever (Goderich) 524-6105 Bob McNaughton (Seaforth) 527-1571 Ken Hutchison (Mitchell) 348-9150 \iuiuui ATRIMARK Hliuh MUTUAL tUNIJS ©AIC I) YN AM I C