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Huron Expositor, 2007-12-26, Page 3The Huron Expositor • December 26, 2007 Page 3 News Council approves farm tax deferral for fourth year Susan Hundertmark For the fourth year in a row, Huron East will be allowing farmers in the municipality to defer their property taxes until the fall. While the measure allows 1,700 properties in Huron East with farm- land assessment to delay paying their taxes in 2008 to September and December, Deputy -Mayor Bernie MacLellan questioned at council's Dec. 18 meeting if it is really necessary. MacLellan pointed out that the proposal was first put forward in 2005 to help farmers deal with record low grain prices, adding that those prices have gone up over 50 per cent in 2007. "I understand that the beef and hog farmers are having a tough year but has there ever been a year in the history of the planet where both the grain and livestock farmers have had a good year at the same time?" he said. "We're never going to come back off of this program if we keep going this way," said MacLellan. McKillop Coun. Bill Siemon answered that livestock farmers are having a particularly bad year. "For beef and pork, it's as tough as it's ever been. A lot of young guys are not going to survive it," he said. In 2007, the total amount deferred was over $975,000 and the cost to the municipality was approx- imately $30,000 in lost investment income. The same amount will be left in the rural economy until the last quarter of 2008. A list of prices shared with council include $2.95 a bushel for soft white wheat in 2005, compared to $6.47 a bushel in 2007 and $2.52 a bushel for old crop corn in 2005 compared to $3.79 a bushel in 2007. As well, prices from 2005 showed $1.24 a kilogram for hogs and 31 cents a kilogram for fed cattle com- pared to 2007 prices of 96 cents for hogs and 74 to 83 cents for fed cat- tle. "Although improvements are evi- dent in the prices of grain and cere- als, the red meat industry has been devastated with low prices. This, Linda Resume D.b Smyth Design Consultant West Coast k i t c h e n s... And Much More • Kitchens • CustomVanities • Entertainment Units • Home Offices PROFESSIONAL INSTALLATIONS. CUSTOM DESIGNS 81 CCOMPAWS Visit Our Showroomt 50 West St. Goderich 519-440-0352. 1-866-440-0352 Dodo -kb & Dtrhkt CAaa,btr of Commerce eesiont of Ow Year Amor! 2N6 Elsa: westcosetki ecabktr.o..ta along with increasing input cots for fuel, energy and crops along with the uncertainty caused by our strong Canadian dollar, are affect- ing all agricultural sectors," said a press release from council. Steve Thompson, president of the Huron County Federation of Agriculture, called the decision to offer the tax deferral a fourth year "a gracious move" acknowledging the benefit would be felt by live- stock farmers instead of grain farm- ers this year. "It's very much appreciated that they're continuing the gesture. It does help when you're feeling a cash flow pinch to know someone is wanting to help," he said. "It's a moral boost as much as anything. When you're feeling besieged and beset, any gesture See TAX, Page 7 Sale Hours: Christmas Day Closed • Boxing Day. Closed Thursday Dec. 27 9-6 •• Friday Dec. 28 9-9 • Saturday Dec. 29 9-6 • Sunday Dec. 3012-4 New Year's Eve 9-4 • New Year's Day Closed • Wednesday Jan. 2 9-6 • Thursday Jan. 3 9-6 Friday Jan. 4 9-9 • Saturday Jan. 5 9-6 • Sunday Jan. 612-4 • Monday Jan. 7 9-6 PAY IN 1 YEAR OAC �R WE'LL PAY BOTH TAKES! Floor models, discontinued items 50% Off MSR and showroom samples up to GG GOETTLER of ub(Jn FINE FURNITURE bublin CLOCKWORKS co. 1 Carronbrook Furniture ootariosf umiterevillage.com Located in Dublin, halfway between Stratford and Goderich on Hwy 8 • 1-800-265-6584 /�