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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