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HomeMy WebLinkAboutTimes-Advocate, 1983-05-18, Page 22Poge 10A Times -Advocate, May 18, 1983 . No happy ending can be reported to the story related a couple of weeks ago involv- ing the Farm Credit Corpora- tion and Doris and Archie Howie. Inexperienced as farmers but animal lovers for years, they wanted a farm credit loan for 100 percent of the pur- chase price of a farm but their application was never accepted. They were never told why. The option on the farm has now lapsed. Archie and Doris had a dream. They wanted a farrow -to -finish hog farm. They had plenty of business experience, just what the bankers demand these d»ys, but their dream has been dashed. Was it because they had no fanning experience? Was it because of their age - he is 46; she is 39? Was it because they needed 100 percent financing? They have hot been given satisfactory answers to any of these questions. Their ap- plication was just refused. There may have been valid reasons for the refusals but R.R. 1 Ailsa Craig We have available the following seed white pea beans * Ex Rico Fleetwood 41 Kentwood it Seafarer some of these pedigreed varieties are in short supply, so order early. try our chemical prices for corn and beans we are in a position to arrange spraying, planting and harvesting come and discuss your needs, we are here to serve you some limited kidney contracts still vailable Call for contract price Contact telephone 232-4449 The Great Canadian Bean Company Inc. R R 7, Ailsa Craig Ontario, Canada NOM 1 AO 4.1111111N1 w• agpr•a4Nd •v Gelb T.em, (1044 Rd Ekn+4 On' Nae n7 the applicants have a right to know those reasons. . Certainly, FCC loans have been granted many times for 100 percent. In a local newspaper not far from my home town is an advertise- ment: 100 acres, vacant dairy farm; asking $139,000; FCC mortgage for $130,000 till 2010. If that is not 100 percent financing, I'll eat the curl in your sow's tail. The extra $9,000 would pay real estate commissions and, perhaps, closing costs. Other examples are evident. I know of at least one other young farmer who was granted 100 percent financing from FCC, got ad- ditional money for equip- ment, could not make the payments, had the farm repossessed by FCC and got an additional mortgage from FCC to keep him in business. The Farm Credit Corpora- tion was set up to help farmers unable to get financ- ing from regular sources. The principle behind the idea is commendable but bureaucracy seems to have bungled it up. Archie and Doris Howie are asking for a public enquiry in- to the Farm Credit Corpora- tion which has dispensed millions and millions of dollars across Canada in the last decade. They have taken their case to their Member of Parliament. Appeal boards have been established in each province to hear appeals from ap- plicants who are not satisfied with the FCC's decision regarding their loan applica- tion. But the Howie applica- tion was not even accepted so their avenue of appeal has been closed to them. A recent FCC brochure clearly states that a max- imum loan is based on the ap- praised value of the available security. When this is refused, is it a case of false advertising? The FCC may have had good, sound reasons for refus- ing to accept this application. Officials may have' felt the Howies were not a good risk. But nobody told either Archie or Doris why they were refus- ed and Archie's Scots heritage is beginning to show. I interviewed both of them and found them to be sincere, honest and eager to become pork producers. Granted, a couple of hours talking to them is not enough on which to base a loan of $130,000. But it was the manner in which their application was summarily dismissed which made them angry. As men- tioned, their dreams have been dashed but they have every right to know why they were refused an application. COUNTY 4-H HONOURS — Seven girls received County Honours certificates at Monday's Huron 4-H Achievement Night held at Stephen Central School. Back, left, Karen Hunter, Elimville; Lisa Parsons, Crediton; Patti Love, Grand Bend and Hilda Pax, Elimville. Front, Suzanne Finkbeiner, Caroline Conlin and Rose Morrissey, all of Crediton. T -A photo. E99 prices hiked Higher feed costs have pushed the price paid to farmers for eggs up a cent per dozen in May, the Canadian Egg Marketing Agency CEMA) announced today: The price of corn, the feed base (or layers in eastern Canada (the largest egg - producing region in the coun- try), has increased steadily since last October, explained CEMA General Manager Jean Brassard. "The price paid to pro- ducers must reflect the higher prices that egg producers are now paying for feed. But the situation could soon change, said Brassard. • "Ontario corn exports are down from last year and some market observers believe that corn prices will have to drop in order to find a market in eastern Canada. Naturally, if feed prices do decrease, and all things being equal, so will egg prices." Despite recent price hikes, egg consumption has con- tinued to increase. Consump- t.on is up 1.25 percent over last year's record. pace. CEMA sets the price farmers receive for Grade A large eggs at the beginning of each month by calculating production and marketing costs. Egg pricing is monitored by the federal government. - The prices actually paid by consumers are determined by retailers and wholesalers. Custom Seed Cleaning 8 Treating Grains & Beans Maple Seeds Supersweet Feeds Schroeder Milling Ltd. Dashwood 237-3651 1 siolo‘s WINS IN FARM ANALYSIS — Shown McComb of Lucan won o trophy for proficiency at Friday's graduation ex- ercises at Centralia College. 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It will 'be at least three weeks and possibly four before details of the new farmers' program are an- nounced, Agriculture Minister Dennis Timbrell revealed in the legislature Thursday. The $135 -million, five-year program announced in Tues- day's provincial budget will provide $9 million in interest rate subsidies this year. Timbrell said farmers have reacted favorably to news of the program. No way, said Liberal agriculture critic Jack Rid- dell '(Huron -Middlesex) There was an obvious lack of commitment to agriculture in the budget, he charged. The new program should be made retroactive to help struggling young farmers, Riddell said as Timbre!! con- tinued to refuse to divulge criteria for the program. Riddell said that Quebec's budget Tuesday night gave $402.2 million to agriculture while Ontario's budget pro- vided only $295 million. "How can our farmers hope to re- main competitive with this lack of commitment?" Riddell told Timbrell that the Ontario Veterinary Col- lege in Guelph is "in desperate need of funds" and has suffered its first reduction in accreditation since it open- ed in 1922. The minister said he took immediate action last year when problems at the college became apparent, and its capital needs are now his ministry's top capital priority. Ontario is waiting for federal Agriculture Minister Eugene Whelan to make thy same commitment to meeting the college's needs, Timbrell said. "Ontario is prepared to put .up its 50 percent, and do it this year." Co•OP SPECIAL COOP SPECIAL Quality B.B.O. Space Deck Ready to assemble deck in one con- venient package. Quality kiln dried spruce is pre-cut and the easy -to -follow instructions. bolts and galvanized nails are included for instant assembly 30" w x 60" 1 x 30" h. 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