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Home My WebLink AboutTimes Advocate, 1984-09-26, Page 19Page 4A Times -Advocate, September 26,1984 Competition keen in calf shows Tendersp,tpays $.59 a oun•d for Feedere club's Exeter fair champion The Exeter Feeder Calf The operators of the store, $1.10 per pound. followed in orders calf had the C by Michael Hern athertne Johns. Club hit one of the all-time with outlets in Grand Bend Placing third in the confir Catherine Johns and Joe biggest gain at 79Z pounds, Keith Coates, RR 1 Cen- high prices on Saturday when and Zurich, won out in a oration section of the comQeti Gower. Michael Hern was followed by Mike Grubb and tralia was judge for the The Tenderspot paid 81.59 a spirited bidding. tion was a calf entered by An -tops in the junior division and pound for the champion calf The reserve champion calf, dy. Grubb. placing behind him were exhibited by Catherine Johns shown by Joe Gower, sold to Murray Rundle topped the Shelley Hern and Robbie at the Exeter Fair. Exeter District Co -Op for senior showmanship class, Passmore. Feeder Calf Club show as well as the 441 calf shows. Carolyn Hoonard won the conformation and showman- ship class in the 4-H dairy sec- tion. Placing second in showmanship was Diane Willis, while Carol Willis was second in the conformation test. The Hayter brothers en- Agents For Ontario Bean Producers Marketing Board We Are Capable OI.l1 I \7)1L\(; 101 'R *White Pea Beans *SON as *Corn j Fast Efficient Service 3 Pits - Modern rot 11' 111::1 T 1'011? 111 Xl \'I:S.S- LS' GB.11 E1( 111. !TNI: (7. 117:1). II E 117!.1 .S TRI 17: /7) /. I .t71 /!7! 1'011? R1:71.1?.\. 1.S 11 1: 11.1 17: IV "T111: 11WE CAN BE OF ASSISTANCE - CALI, (519) 232-44-19 (519) 232-4147 24 HOURS SERVICE rnieri au tee The Great Canadian Bean Company Inc. R R 7, Ailsa Craig Ontario, Canada NOM 1A0 iii ii iv- Ai Prices are Down APP - Drive a John Deere for LESS money per year... We are offering • Lowest Payment Plan • Lowest Finance Cost • Best Value On Tractors/Combines We Need Trade -Ins of All Colours, Red, Blue, White Orange or Green S('(' US (0(1(11 1117111(' f)ri(vs die (/O11 ti 4 )e�ut►rx: fti - Exeter Simon Van Dam, Res: 235-0351 John Snell, Res: 262-5728 Don Glassford, Res: 235-1889 Blyth Gary Whytock, Res: 392-8158 Dave Thomas, Res: 482-9588 u BORON TRACTOR WE'RE VERY Ria ON SERVICE Exeter (519) 235-1115 Blyth (519) 523-4244 V TOP ENTRY — Carolyn Hoonard won the showmanship and the conformation classes in the Exeter 4-H Dairy Club show at the Exeter Fair, Saturday. Carol Willis was second for conformation and Diane Willis was runner- up in the showmanship test. Family near deal to get farm back It appears that the year- long financial and personal nightmare of the McGregor farm family of Hensall is over, but the McGregors and the Bank of Montreal both have lost large sums of money in the ordeal. Ernie Morel, bank regional senior vice-president, said Wednesday the bank has acc- peted an offer from the fami- ly of Jim McGregor to buy hack the farm which the bank put into receivership the day after Labor Day, 1983. Although the McGregors have maintained silence on their plight, the issue was so well known in farming circles it was the source of heated debate outside the family. In the provincial legislature in June, Liberal agriculture critic Jack Riddell (1luron- Middlesex) accused the pro- vince of failing to provide emergency aid for the McGregors and other farmers in the same plight. Now, except for closing the deal October 1, the year-long ordeal appears to be resolved. "We've accepted an offer to purchase and it's all over ex- cept for the paperwork," Morel said in his London of- fice. The McGregor farm, a huge beef and pork operation, was at one time used by the bank and the University of Guelph as a tour showpiece of efficiency. But at one point this sum- mer it looked like the McGregors were out of luck. The hank was on the verge of accepting an offer to pur- chase the farm by a European investor. In the end, the bank decided to opt for a nearly matching offer from the McGregor family. Ron Phillips of Kingsmount Financial Service Ltd. of Ar- va, representing the McGregors would say only that the McGregors have "ap- proval in principle" from another hank to finance the purchase from the Bank of Montreal. Morel said Wednesday his bank is pleased the dispute is all but over. "The bank is go- ing to lose a considerable lot of money, but would have lost it regardless of who bought the farm...We're pleased the McGregors were able to make an offer that was com- petitive and acceptable to us and that they can continue to farm it.. that's always the best solution. keeping the original owners on tfie property " Because of increasing debt due to the squeeze between low livestock prices in the early 1980s and escalating production costs. especially interest rates. the bank chose to place McGregor Livestock Inc. - including Jim. his father Bob and brother Grant - in receivership a year ago. On April 30 this year. after failed iiegohations by the McGregors to save the farm for the Jim McGregor family. receiver Touche Ross and Co of London auctioned off equip ment from the operation. Jim McGregor bought some of his equipment back hoping he could still retrieve the farm. Although the McGregors have remained mum on their problems. Jim's wife Betty said at the auction: "I'm a mother of four sons that want to farm ( Murray, Steve. Mark and Michael ...I just hope other farm families don't have to go through this " Following the auction, the hank got an offer on the farm from a European investor while the McGregors scrambled to some how finance a purchase, partially through sons Murray and Steve. Ken Summers of the bank's office in Kitchener wouldn't elaborate on the latest deal Wednesday, but confirmed it involves McGregor sons. "All the negotiations are over now and it's just a case of typing up tie paper work." The McGregors continued to talk with the bank when it appeared the farm would be sold to another buyer, but during the first week in July McGregor Livestock Inc. fil- ed a lengthy writ in London court seeking an injunciton to halt the sale to other interests. Phillips said the bank and McGregors have agreed no legal action will be taken by either once the deal is completed. joyed a spirited battle in the brother's second place animal 4-11 Beef Club competitions. in the heifer section. Glenn won the junior Rob Hern placed second in showmanship honors while the junior showmanship test Grant topped the senior divi- and Murray Rundle was sion and then emerged as runner-up in the senior overall champion with his contest. brother in second. in the steer conformation However, Glenn turned the competition, Joe Gower plac- tables in the conformation ed first, followed by Rob class as he won out over his Hern. 1 Our Sincere Thanks.... The members and the leaders of the Exeter Feeder Calf Club extend their thanks to the buyers and prize donors who sup- ported their efforts at this year's show at the 'Exeter Fair. r ys Gary Masse, Leo Masse and Emerson Gill of the Tenderspot, Grand Bend and Zurich, are shown on the right with Catherine Johns after they paid $1.59 per pound for her champion. At the left is Edwin Miller, who bid $1.10 per pound on behalf of Exeter District Co -Op for the reserve cham- pion calf exhibited by Joe Gower. Thanks also to the following buyers for their support: Freeman Horne, Ulch Transport, A & H Food Market, Woodham Meat Market, Norwich Packers, Darling's IGA, Veal's Meat Market, Carl Gower Welding, Jock Hodgert Trucking and Hensall Livestock Sales. Appreciation is extended to the following for prizes and assistance: Evergreen Farms, Bank of Montreal, Bank of Nova Scotia, Royal Bank, Hardeman Feed Services, Morgan Bros., Sherwood (Exeter) Ltd., Centralia Farmers Supply, Carpenter Optical, Jim Siddall & Son Trucking, Exeter District Co -Op, Garnet Hicks, Kirkton Veterinary Clinic, Hensall Livestock Sales and Auctioneer Larry Gardiner. dr APR, 18 Months HARVEST A DEAL! You asked for low interest...you got it! . Choose the rate that's right for you! 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