HomeMy WebLinkAboutThe Citizen, 2002-12-18, Page 20BRUSSELS LIVESTOCK
Division of Gamble & Rogers Ltd.
UPCOMING SALES
TUESDAYS 9:00 a.m. Fed Cattle,
Bulls & Cows
THURSDAYS 8:00 a.m. Drop Calves, Veal,
Pigs, Lambs, Goats
& Sheep
FRIDAYS 10:00 a.m. Stockers
Visit our webpage at: www.brusseislivestock.ca
email us at: Into@brusseislivestock.ca
Call us 519-887-6461
PAGE 20. THE CITIZEN, WEDNESDAY, DECEMBER 18, 2002.
Agriculture
Brussels Livestock report
Stockers steers under 599 lbs. reach $144
Total receipts for Brussels
Livestock for the week ending Dec.
13 were 3,293 head of cattle, 1,632
lambs and goats.
On Tuesday fed steers and heifers
sold at prices $1 to $2 lower. The
cows also traded $1 to $2 lower. On
Thursday both the veal and lambs
traded on a fully steady market with
the new crop lambs selling at prices
$220 to $265. On Friday all weights
and classes of stockers sold at prices
steady to last week.
There were 712 steers on offer
selling from $104 to $108 with
sales to $118.75. Andrew Martin,
Chesley, consigned two grey steers
averaging 1,433 lbs. which were
purchased by Norwich Packers for
$116.50. His overall offering of
fourteen steers averaged 1,394 lbs.
selling for an average price of
$110.27. One red wf steer consigned
by Osiah Weber, Mount Forest,
weighed 1,355 lbs. selling to Holly
Park Meat Packers for $116.25. His
overall offering of nineteen steers
averaged 1,397 lbs. selling for an
average of $106.54.
James Davey, Paisley. consigned
one red steer weighing 1.340 lbs.
which sold to Holly Park Meat
Packers for $114.50. One black steer
consigned by Robt. McCool,
Londesboro, weighed 1,380 lbs.
selling to' Moyer Packing Co. for
$112.50. Dave Seifreid, Ayton,
consigned two charolais steers
averaging 1,420 lbs. selling for an
average of $111.63 with sales up to
$115.25. Five gold steers consigned
by Ardlyn Farms, Newton. averaged
1.447 lbs. selling to Dominion
Meats far $114.75. Their overall
offering of nineteen steers averaged
1.482 lbs. selling for an average of
$110.44.
Greg McPhe:•son, Teeswater.
consigned two limousin steers
averaging 1,370 lbs. selling for an
average of $110.09 with sales up to
$112.50. One grey steer consigned
by Prospect Feed Lots. Wyoming,
weighed 1,315 lbs. which sold ,,,to
Highland Packers Ltd. for $113.
Their overall offering of five steers
averaged 1,177 lbs. selling for an
average of $109.13. Phares Kraemer,
Paisley, consigned two red steers
averaging 1,413 lbs. which were
purchased by Moyer Packing Co. for
$111.50. His overall offering of nine
red steers averaged 1,512 lbs. selling
for an average of $105.53. Thirty-
seven steers consigned by Lawrence
Martin, Holliston, averaged 1,537
lbs. selling for an average of $103.92
with his top limousin steer weighing
1.485 lbs. which sold to NorWich
Packers for $112.75.
There were 360 heifers on offer
selling from $104 to $108 with sales
to $117. Muxlea Farms, Woodstock,
consigned one gold heifer weighing
1,355 lbs. which sold to Dominion
Meats for $117. Their overall
offering of fourteen heifers averaged
1,262 lbs. selling for an average of
$110.82.• One limousin heifer
consigned by Brian and Bill Dallner,
Atwood, weighed 1.165 lbs. selling
to Dominion Meats for $116.50.
Their overall offering of seven
heifers averaged 1,160 lbs. for an
average price of $107.86.
Two limousin heifers consigned
by Bev Hamilton, Hensall, averaged
1,338 lbs. sold to Ryding Regency
for $115. His overall offering of .
thirteen heifers averaged 1,341 lbs.
selling for an average of $113.85.
Don Eadie, Wingham, consigned
five heifers averaging 1,272 lbs.
which sold for an average of $111.23
with, his top three limousin heifers
averaging 1,290 lbs. selling to
Dominion Meats for $113. Three-
black heifers consigned by Andy
VanderVeen, Blyth, averaged 1,287
lbs. selling for $111.25. His overall
offering of nine heifers averaged
1,266 lbs. selling for an average of
$109.95.
Roger Moore, • Goderich,
consigned three black heifers
averaging 1,368 lbs. which sold for
$109.75, Dennis Schroeder,
Dashwood, consigned two red
heifers averaging 1,275 lbs. selling
to Norwich Packers for $109.75.
His overall consignment of six
heifers averaged 1,257 lbs.
selling for an average price of
$109.17. Seventy-two heifers
consigned by Stan Prancis,
Kirkton, averaged 1,293 lbs. selling
for an average of $107.02 with his
top three limousin heifers averaging
1,337 lbs. selling to Norwich
Packers for $112.
Ducharine Farms. Dashwood,
consigned one gold heifer weighing
1,310 lbs. which sold to Norwich
Packers for $112.25. Their overall
offering of twenty-seven heifers
averaged 1,326 lbs. selling for an
average of $106.10. Nineteen heifers
consigned by Darren Johnston,
Bluevale, averaged 1,299 lbs. selling
for an average of $105.55 with his
top two-charolais heifers averaging
1,208 lbs. selling to Norwich
Packers for $110.
There were 362 cows on offer. DI
and D2 cows sold $54 to $58 with
sales to $84.50; D3, $50 to $54; D4,
$40 to $50. Cranbrook Farms,
.Brussels, consigned one holstein
cow weighing 1,410 lbs. which sold
to Packerland Packing Co. for
$84.50. Their overall offering of six
holstein cows averaged 1,422 lbs.
selling for an average of $68.40. One
holstein cow consigned by Fairlaine
Farms, Wingham, weighed 1,300
lbs. selling to Aylmer Packing Co.
for $70.
There were 24 bulls on offer
selling from $54 to $75.50 with sales
to $80. Jonathan Faulkner,
Harriston, consigned one,simmental
bull weighed 1,525 lbs. selling for
$80. One charolais bull consigned
by Lyle Youngblut, Seaforth,
weighed 2,195 lbs. which was
purchased by Levinoff Meat
Products for $75.50.
There were 168 head of veal on
offer. Beef sold $115 to $129.50;
Holstein, $100 to $115 with sales to
$118.50; Plain Holstein, $65 to $80.
One simmental veal heifer
consigned by John L. Miller,
Lucknow, weighed 690 lbs. selling
to Holly- Park Meat Packers for
$129.50.
Mark and Paul Pennington,
Mildmay, consigned one simmental
veal steer weighing 710 lbs.
which sold to Holly Park Meat
Packers for $126. Their overall
offering of five veal steers sold to
Holly Park Meat Packers for
$126. Their overall offering of
five veal steers averaged 728 lbs.
for an average of $113.94. One
black veal steer consigned by
George Ducharme, Dashwood.
weighed 680 lbs. selling for $119.50.
His overall offering of five veal
calves averaged 696 lbs. for an
average of $113.01.
Lambs, under 50 lbs. sold $205 to
$280; 50 - 64 lbs., $145 to $265; 65
- 79 lbs., $124 to.$207.50; 80 - 94
lbs., $117 to. $156; 95 - 109 lbs.,
$110 to $121; 110 lbs. and over, $95
to $108.
Goats sold $32 to $290.
Sheep sold $46 to $75.
Stocker steers under 400 lbs.. $104
to $122; 400 - 499 lbs., $112.50 to
$146; 500 - 599 lbs., $120 to $144;
600 - 699 lbs., $112.50 to $139; 700
- 799 lbs., $107 to $140; 800 - 899
lbs., $105 to $127.50; 900 - 999 lbs.,
$90 to $127.50; 1,000 lbs. and over,
$97 to $128.
Heifers, 300 - 399 lbs., $96 to
$127; 400 - 499 lbs., $102 to $1'35;,
500 - 599 lbs., $107 to $135; 600 -
699 lbs., $99 to $131.50; 700 - 799
lbs., $104 to $125; 800 - 899 lbs.,
$103 to $120.50; 900 lbs. and over,
$107.50 to $117.
New year o ers time or reassessment
By Scott vanEngen, C.A.
AgriSuccess Ontario
As the New Year quickly
approaches, this is the perfect time
for you to step back and look at the
big picture of what you want your
farm to be. is the farm profitable
today? What is the long-term
viability of the operation? What
needs to be done to improve your
farm operation going forward?
What do you want the farm to
look like in five years time?
Who will take over the farm in the
event of your death or a serious
disability? What keeps you awake at
night?
A recent survey by the University
of Guelph shows that the majority of
Good. business planning is
fundamental to producer and
agribusiness success. One of the
immediate challenges facing
Canadian farmers today is planning
for the future: being aware, being
prepared.
AgriSuccess, a partnership of
public' and private sector
organizations, is dedicated to
helping Canadian farm and
agribusiness operators plan for their
future by offering practical
workshops. A total of 50 workshops
on how to develop a business plan
are now being held across the
country.
"The AgriSuccess initiative is
precisely the kind of program that
the Federal government believes in,"
said Agriculture and 'Agri-Food
Minister, Lyle Vanclief. "The
farmers arc so involved in the day-
to-day operation of their farm that
they put off planning for the future.
Farmers are entrepreneurs of the
highest degree but many are
captivated by the Entrepreneur's
Fantasy. They sincerely believe that
they do not need to do any planning
or work on -transitioning the farm
because the day they decide to retire,
their kids will take over the farm and
pay them a healthy retirement
income to support them for the rest
of their life, or someone will come
forward (probably a developer) and
offer them ten times the value of the
land, equipment and buildings.
This is simply not real, but it is the
fantasy that lures farmers into a false
initiative supports the renewal and
innovation elements of the
Agricultural Policy Framework
which aim to provide fanners with
access to the knowledge, advice and
opportunities they need to grow and.
increase their profitability."
This new series of workshops will
guide participants through the
business planning process for their
operations.
"Our mandate is- to provide
business and financial services to
farmers and agribusiness," said John
Ryan, president and chief executive
officer of Farm Credit Canada.
"Participants will leave with a start
to their own business plan and
recommended steps for its
completion. Out goal, is to help them
assess where they arc now, where
they want to he and how they will
sense of security in thinking that
they really don't need to address the
future.
Unfortunately, many will see their
children choosing not to take over
the farm, or the farm having to be
liquidated. Across the board, only
30 per cent of businesses
successfully transfer to the second
generation and less than 10 per cent
make it to the third.
Statistics also show that
approximately 120,000 farmers will
retire over the next 10 - 15 years,
representing a total wealth transfer
of close to $50 billion in farm assets.
Of those that do think ahead, their
plans are generally not shared with
those who need to know - their
get there."
AgriSuccess partners across the
country represent a broad base of
agricultural and business expertise.
They include Farm Credit Canada,
Robinson & Company LLP, Meyers
Norris Penny LLP, Grant Thornton
LLP, Union des pmducteurs
agricolei (UPA). ProAgri
Consulting Limited and the
Canadian Farm Business
Management Council.
"Each AgriSuccess partner brings
specialized skills to the table," said
Scott vanEngen, partner with
Robinson & -Company LLP.
"Working together, we provide
excellent resources to farm and
agribusiness operators."
Laurent Pellerin, UPA president.
said AgriSuccess workshops. will
Continued on page 25
accountant or lawyer and the family not have the choice to decide
members who support the farmer whether or not the farm will
day in and.day:out. In fact, only two transition to the next generation.
per pent of families have a written You may end up in the position of
business plan that addresses the being forced into involuntary
future operation of the farm. liquidation - perhaps for financial
So make 2003 the year that you reasons or because none of your
articulate what it is you want for the children come back home to take
future. First meet with your most over the farm.
trusted advisor to review the farm's A professional farm advisor can
liquidity and solvency. Analyze help you develop the strategies
current ratios, cash flow and required to address the future
gross margins. If there is a cash viability of your farm operation and
flow problem, is it a sign of long- increase its value. He or she can
term viability problems? What can guide you through the process of
you do to improve the profitability creating a comprehensive plan for
of the operation going forward'? If the future transition of your farm
what you are producing now isn't business,
viable, what changes can you make In the long run, engaging the help
to improve the farm's financial of an experienced advisor is much
health? less expensive than losing your hard-
Without proper planning, you will earned wealth. Planning key to farming success