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
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*
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