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HomeMy WebLinkAboutTimes-Advocate, 1987-08-26, Page 30Page 14A August 26, 1987 Middlesex match goes Saturday at Dietrich Farms The Middlesex ploughing match will be held this year on the Dietrich Farms south of Lucan on August 29 from 9 a.m. to 4 p.m. New this year to the regular events in a special category using conserva- tion tillage equipment will be featured. This will provide producers owning conservation equipment with the opportunity to compete against each other. It will also be an excellent time for those looking for new equipment to see a variety of conservation tillage implements in action in the field where they can visually evaluate their effectiveness. Judging will be performed based on the residue cover, tillage depth, surface roughness, safety and general appearance. If you are interested in competing in this category or require more infor- mation onrules call Hubert Dietrich at 227-4353. Aerial Seeding of wheat on soybeans by' Jim's Flying Service Contact Wayne Prance 229-8771 CHAPARAL FENCING R.R. 1, Lucan Ontario NOM 2J0 ALL TYPES FREE ESTIMATES Industrial Fences Chain Link & Patio Farm Fences Phone Bob Hardy 227-4160 BRANDY POINT FARMS • Our breeding stock pro- vides our buyers with proven genetics from the top 3% animals tested ' across Canada • Our program enables us to offer quality. and health at a price that is hard to beat • -We have an ongoing supply of A.1. sired Hamp/Duroc. York and Lan- drace boars and F1 York, Landrace gilts. All Boors are priced from 5275-S375 F1 York Landrace gilts are priced 555 above market hog value. • Our closed herd {,s ranked Good" by the OMAF BRED GILTS ALSO AVAILABLE Delivery available KURT KELLER R.R. 1 Mitchell, Ontario 519-348-8043 SPEAKERS — CCAT principal BillAIIen (left) welcomed over 309 farmers to the crop update hosted by the college on their farm property. Speakers were Ontario Bean Producers Board manager Charlie Broadwell, John Heard from the Stratford OMAF office and market and financial advisor John De Putter. Good and bad bean news The 167,000 acres planted to white beans in Ontario this year is the highest in history, Ontario Bean Pro- ducers Marketing Board manager Charlie Broadwell told the more than 300 people attending a crop update day held on the CCAT farm southwest of Exeter. Though Elgin, Lambton and parts of ,Middlesex have been hurt by the lack of rain, Broadwell ex- pects a bumper crop in Huron and - Perth. His conservative estimate for this year's _Ontario crop is 2,171,000 bags calculated at 13 .or more bags per acre. Broadwell thinks Michigan's estimate of 3,848,000 at 10.4 bags per acre on 370,000 acres will need "a lot of luck and good weather from now to the end of September" to become - reality. Michigan growers are seeing reblossoming, regrowth "and other strange things." Broadwell also questions the Minnesota -North Dakota estimate of 165,000 acres yielding 13 bags per acre for a total of 2,145,000 bags. They have had one good year -in the last 10, and last year's exceptional yield of 15 bags per acre was well above their 11 -bag average. Growers in that area are coping with white mould and water and hail damage. Broadwell warned that if the total estimate of 8,164,000 bags is harvested, this will mean lower prices. Broadwell said tripartite sill help stabilize the price. Around 2,640 or 88 percent of the estimated number of growers had signed up by the deadline. Broadwell said the Cana- dian program was the envy of Michigan growers, who do not have that type of support. In advance sales, 82,845 bags have been sold at $23, .and the board has picked up 500 tons harvested before August 15 to go into the 1986 crop. Broadwell congratulated the lucky growers who "pulled a coup" and will get $42 for beans the board will pro - ably sell for $23. The market can absorb about 7,000,000 bags. A recent trade mission to Italy, France and Greece has already resulted in sales to Greece. "As long as we can produce a quali- ty product, we have the eye and ear of those in the business", Broadwell said. Broadwell wants to see more research money directed to utilization research. saying "we have to be able to produce and market a product in another form other than a white' pea bean in a can or as a dry product. Ile foresees a concerted effort in that direction. Farm market analyst John De Put- ter followed Broadwell to the microphone. In his opening remarks, De Putter predicted that "sometime within the next couple of years the ur- ban economy, as measured to some Farmers...you're invited! *Plot Tours •Crop Performance •Agronomy Information •Free Lunch & Pioneer Cap! Be sure to attend a Pioneer Super Expo: Tuesday, September 1 10 a.m. - till 2 p.m. Just east of Highway 4 at Kippen on County Road 12 • .63toPIONEER. URAND•PRODUCTS PIONE EN and SN A BAC Brood poducls bet scold %ablest 10 the terms and co0&l.0.111 0100441 IMI are pa.t of the tabelt.nq and sale documinls P.np, and SdaLbac aH Mlnd n004111. numbers .dent.l, p.nducts Pegate.ed Madams,% ucensed la PIONEER 1.9.911EO SIMI It CHATHAM.ONTAIIIO CANAOA degree by the strength of the stock market, is going to crash just like agriculture crashed during the past . five years". He said a lot of urban holdings are overvalued and their drop will make the decline on the farm scene "look like a Sunday School picnic." Turning to specific- commodities, De Putter said that corn is cheaper now than at any time in history in relation. to the price of gold. The USDA is forecasting 1987 production at 7.32 billion bushels at a record yield of 123 bushels per acre. This, however, is a 12 percent decrease from last year. De Putter believes increased useage will reduce the US carryover, and improved demand domestically and globally will take the price higher in early 1988. He advised those with old crop corn eligible for stabilization to sell it before August 31. The US expects a harvest of two billion bushels _ of soybeans. The drought and resultant shortfall of vegetable oils in India, Malasia and Pakistan will present a good oppor- tunity to develop new export markets. Soys are trading at over $5 at present, and De Putter said any break to $4.75 would be only temporary before the price bounces back, as the US.loan rate is $4.77. He forecasts a break above the $5.20 barrier. De Putter said canola should even: tually go up, but couldn't say when. Summarizing, De Putter, foresaw_ thestock market going yet higher. He predicted that the next crunch will see higher interest rates, not lower com- modity prices. He advised anyone holding gold to sell it. De Putter concluded by saying that although some government hand-outs are necessary and some programs are badly needed, their contribution to government deficits spells trouble in the future. Own, Finance, or Lease? • • Al 2`.....0044.1 ; K, IH 1460 axial flow combine, 161/4' flex head and Crow N corn head Which package fits your operation? No. 1 No. 2 No. 3 Lease 9.5% $12,681 or trade 12,681 2 16,625 Option Rate Down Payment Annual Payment No. of Payments Residual Value Warranty * One year engine and power train warranty 'Move up to Axial Flow Technology and Save Now!) Call 235-2121 and ask for Stu or Bob Cash N/A $47,500 or trade N/A N/A N/A * Financing 8.8% $17,500 or trade 9220 4 N/A * agtrafj_K FARM EQUIPMENT LTD. "Serving You For 55 Years" ■ Exeter IIIII 235-2121 Dashwood 237-3242 DEAL WITH CONFIDENCE When you deliver your White Bean Crop to (1r- ° eNfl Wigs Ken R. Campbell & Sons Ltd., Seaforth Howson & Howson Ltd., Blyth, Ontario Palmerston Elevators Ltd. Bar' B - Dee Farms, RR 1 Bornholm are also white bean receiving satellites for Thompson's We want and appreciate your business Hyland Brand Augusta Seed Wheat Hyland Brand Houser Seed Wheat Fredrick Seed Wheat Cert. Monopol Red Winter Wheat Be sure you buy Blue Tag Seed Only This assures you of "Certified" #1 Seed for "Purity" - "Quality" and "Top Yields." Any other facsimile is not the same. Available only at Thompson's or a Hyland Dealer "For larger growers" wishing Certified seed in Bulk we can supply. Please order ahead. ALL SEED IS TREATED WITH VITAFLO " 280" - Custom Fertilizer Spreading - Soil Sampling Service - Computerized Reports - Recommendations from a qualified Staff • For purity, top germination, disease free Sow only Certified Hyland Seed Hensall 262-2527 Mitchell 348-8433 ItJ 0 BEANS r' O Granton 225-2360 0 Seaforth 345-2545 IDs tAQU{��� EIITILIZIRS • Ailsa Craig 293-3223 Pt. Albert 529-7901