HomeMy WebLinkAboutTimes-Advocate, 1985-03-27, Page 21HONOUR PAT LYNCH — The Huron and Perth Soil and Crop groups
honoured Pat Lynch for his 12 years as a crop specialist in the two
counties. From the left are master of ceremonies Ross Daily of CFPL
!4
TV, Perth president Blythe Lannin, Sally and Pat Lynch and Huron
president Jim Ross.
T -A ptioto
Federation outlines requirements
for long-term agriculture needs
Restricted farm losses, agri-bonds
and the taxation of capital gains on
farm land were the topics discussed
by the Ontario Federation of
Agriculture OFA 1 in its submission
to the federal Standing Committee on
Finance, Trade and. Economic Af-
fairs, presented in Ottawa.
These areas are important to
Nylons return
to Playhouse
Huron Country Playhouse an-
nounce that The Nylons will return on
June 14 for two performances, 5:00
p.m. and 8:00 p.m.
The group, which has previously
played td capacity Playhouse au-
diences. has just returned from a
most successful Australian tour.
1f you were not able to purchase
tickets for last season's concerts, be
sure to order early. Members and
Subscribers may reserve their tickets
by mail now. The box office opens to
individual ticket buyers on Mary 1.
Seats for this fundraising event will
not last long:
farmer, !tarry Pelissero, president of
the OFA, said. "We believe it would
be remiss of us if we were to leave you
with the impression that dealing with
the three issues outlined in the discus-
sion paper would solve 'the farm pro-
blem'. These issues are almost on the
periphery of the situation facing
Canadian farmers today," he told the
committee.
"It is imperative that the govern-
ment set Tong -term policies for the
agricultural sector now. They must
encompass all areas, including long -
and short-term credit, price for pro-
duct, developmental programs, and
research priorities.One of the critical
factors in the industry now is the fact
that farmers are often getting insuf-
ficient return to their labour, their in-
vestment and for their expertise in
order to keep the industry healthy.
Over the millennia more than one na-
tion has vanished into economic obli-
vion over the failure to recognize the
importance of its food supplies.
fields and empty barns should be war-
ning enough," Pelissero said in his
closing remarks to the committee.
in its submission the OFA noted
that the committee members had to
analyse three complex issues in a
short period of time, and that the
MacGregor Welding
Will be closed for holidays from
March 29 - April 6
Torch tanks will be available by going to house
behind shop at56 Mill Street
Thanks for the patronage in the past and looking for-
ward to serving you in the future.
Jim MacGregor
GARDEN WITH
JUST ONE HAND
THE
TROY-BILT
WAY!
• Rear -Mounted Tines chop, shred
and bury old sod. standing crops
and organic matter with NO tangling!
• Power Driven Wheals maintain a
steady, comfortable pace with NO
struggle — you guide i1 with
JUST ONE HAND!
• Cast -Iron Automotive -type
transmission designed to work
herd and last a lifetime
• 4 forward speeds and r se...
ELECTRIC START models. loo!
• Instant, accurate Depth Control
for precise cultivating. deep power
tilting, and everything in between,
• Model slue from 3'4 to 8 N.P.
to lit every garden. from a smell
backyard to an acre or more,
• Pull no-f/me•llmlf warranty.
• All models now in stock
• Factory authorized dealer
See end compare all the
Troy -Bill' Tiller Models at:
u
o.,..«...,r,.n •.»
-,•..
...or... •N..
bM ••Mq,.'
I We
SBA O b0totl ss
ety h 301
HUIION0c"
1111CT01
.1/V
Exeter 235'21115 Blyth 523.4244
background they were provided by
the white paper, Tax Issues in
Agriculture, was "extremely
misleading and does not serve as an
adequate base for consultation.'
With respect to restricted' farm
losses, governed by Section 31 of the
income Tax Act, the OFA proposed
that it be retained in order to
discourage non-farm investment in
agriculture, but that it be substantial-
ly revised. The submission suggested
that any proposal dealing with Section
31 should not encourage farming sole-
ly for income tax savings and that it
must recognize the requirements of
beginning farmers. Farmers who
must take -off farm jobs should be
penalized, the (WA said.
The federation suggested that
farmers who file on (he accrual repor-
ting method be allowed to treat farm
losses as business losses, giving Them
an unlimited write-off. For those
reporting on the cash method.. the
OFA recomrnended that farm losses
be applied without restriction against
other income until a stated dollar
maximum of the tax has been
deferred.
The OFA's policy is total abolition
of capital gains tax, and the federa-
tion told the committee that it takes
the Prime Minister at his word dur-
ing the Federal election campaign he
salted, "We will abolish the imposi
tion of capital gains tax on the sale of
farm properly for continued
agricultural purposes." The OFA re-
jects the government's suggestion
that removal of capital gains tax be
accompanied by limiting or disallow-
ing the deducation of interest paid to
•
Join the human
race. We're all
out running
in the park
\... PaanaParnof s
HAY
DRYING
FANS
MODEL D-36
3r
h,f,,.
Capar•Iv tdtlOO e 1 „
Moir), 5 .IP ?2
MODEL D-25
Ousel .unninQ
renlr,lugal tan
5 d,a hlnwe, wh'4
apauty , '4O0 Cr 1.0
7 1,2 HP
For more information
CONTACT
BRINTNELL
Construction Ltd.
Your Clay. Berg, Beatty, Rolco.
Westeel Rosco grain bin and
bulk feed tonk dealer.
Phone Kirkton
229-8244
buy land.
The concept of Agri -bonds was
reviewed. The OFA told the commit-
tee. "...they were envisioned as
representing a stable. reasonably
priced...tool, to provide credit at a
cost more realistically related to the
farmer's ability to pay-." The concept
has been discussed at length, but not
implemented, and the ()FA express-
ed concern that this is because of
misunderstandings arising from inap-
propriate c'ompar'isons to an
American bond system.
The ()FA proposed a system
whereby the Farm Credit Corpora -
lion would raise capital through Agri -
kinds. which provide purchasers with
a tax credit comparable to the divi-
denl fax credit given to shareholders
in taxable Canadian corporations.
The bonds should be sold only to in-
dividual investors and when introduc-
ed, the funds would be directed first
to beginning farmers and farmers in
linancial difficulty.
Times -Advocate, March 27, 1985
Page 9A
Two school groups
receive recognition
Lieutenant Governor John Black
A ird visited Gana noque and
Mississauga on Friday to confer On-
tario Junior Citizen of the Year
awards on two school groups selected
as recipients in the 1984 awards
program.
Representatives of both schools at-
tended the O('NA convention in
Toronto March 1. when 15 individual
recipients of Ontario Junior Citizen
awards were presented with.plaques,
lapel pins and ('P Air tickets by
Lieutenant Governor Aird.
Organizers arranged the school
presentations so Ilial all those who
helped the groups earn the J unior
Citizen award could share in the
honor.
At Ganan(ulue Secondary School. a
group of 44 students will be recogniz-
ed for the assistancelhe' have given
a cerebral palsied student. George
Funnel!. over the past three gars.
After his father died and his mother
was unable to care for him the
students banded together and form-
ed a team which cares for George
from the moment he rises in (he mor-
ning until he is put into bed at night
- washing. dressing and feeding him.
getting him to school and home again.
Two male students care for George.
seven days a week on a rotating basis.
A group of girls at GSS. known as
"George's Angels" look after him
during school hours.
At Clarkson Secondary School.
students will be honored for their ef-
forts last year which raised $25.000 to
help defray the medical expenses for
a poputar student Barbara Turnbull,
who was shot and paralyzed in a milk
store hold-up. The entire
1600 -member student body shares 111
the award.
Each school will receive a Junior
Citizen certificate and two ('P Air
tickets. good for any Canadian
destination. which will be used for
fund-raising activities and 1 he
school's favourite charity.•
410.M1'.
r
J
11
Presents
Farm Protection Strategies For 1985
WHAT TO EXPECT IN THE COMING YEAR
YOU CAN MAKE MONEY!
and reduce risk; with groins, interest rates and
currencies. Learn how to use options to protect
your loons, form prices, and crop risk.
White Carnation
HOLMESVILLE, ONTARIO
WEDNESDAY, MARCH 27th, 1985
8 p.m. - NO CHARGE
Speaker: Walter McCarthy
Registered Representative From
RICHARDSON GREENSHIELDS of
Canada Ltd.
We will take time for everyone! For further
information
CALL 524-7986
Our Service Technicians Know....
John Deere Titan 11 combines,
will give you dependable
harvesting for all crops, acre
after acre.
PAUL VAN OSS Certified Service Technician
We fine tune each new combine by the book. I am proud of the quality
that is built into each machine. We are offering you our expertise to main-
tain your investment year after year.
Let a Huron Tractor Salesman explain to you...
... why farmers have made Titan ll's their number -
one combine choice.
EXETER STORE
235-1115
Simon von Dam, Res: 235-0351
John Snell, Res: 262.5728
Wayne Mayer, Res: 235-1410
BLYTH STORE
523-4244
Gary Whytock, Res: 392-8158
Dave Thomas, Res: 482-9588
Ii'J HUIION ThACIDR
WeaVEaY swSmna
Exeter
(319) 235-1115
Blyth (519) 523-4244