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HomeMy WebLinkAboutClinton News-Record, 1978-01-19, Page 16PAGE 16--CLINTON NEWS -RECORD, THURSDAY, JANUARY 19, 1978 Stabilized corn prices are likely Ontario grain corn producers can expect "substantial" stabilization payments for their 1977 corn crop, according to Morris Huff, secretary of the Ontario Grain Corn Council. He 'told 'a third -day Far- mers' Week audience at. Ridgetown College of Agricultural Technology last week that the federal - provincial stabilization payment plans will set a price for corn somewhere between $2.35 and $2.45 a bushel. The stabilization plans are aimed at paying the 'farmer the difference between what he receives for his corn and the average price from the previous five years. "Right now the price on the 1977 crop, is below $1.90 a bushel and I don't foresee any substantial gains," Huff said. He warned producers that before planning what to plant this spring, they should take into consideration present corn prices and potential stabilization payments. Long -run corn production in Ontario should increase from this ,,year's record 150 million bushel crop to about 175 million bushels by 1985 and 200 million bushels before 1990, Huff forecast. "If corn sweetener production plans (announced last week by the St. Lawrence and Canada Starch com- panies) materialize, . .in- dustrial purchases of corn in eastern Canada will approach 40 million bushels in the 1980's, about 10 to 15 million bushels above 1977,-" he said. Traditionally, Ontario corn has been sold mainly as livestock feed, but as in- dustrial use increases along with exports, Huff warned that produccrc .'ill h:tv; to Bean board close to filling 1977 contracts The Ontario Bean Producers' Marketing Board is , closer to filling forward contracts for the 1977 crop than was expected, board chairman Lloyd Taylor of Elgin County said in an in- terview last week. The board last fall forward - contracted 850,000 bags (100 pounds each), anticipating a record 2.5 million -bag crop. But heavy fall rains devastated the crop and the board found itself with fewer harvested beans than it had contracted. Taylor said 800,000 bags are accounted for in the elevators and another 70,000 bags have been reported by farmers. However, many of the beans are not top grade and it is expected up to 150,000 bags are not of canning quality. Board manager Charles Broadwell of London told the Farmers' Week at the agricultural college in Ridgetown there are a "subfs-tantial" number of beans being held back by farmers for planting this spring. "We feel there are over 100,000 bags being held back," far more than the required 60,000 bags, Broadwell said, adding that hybrid seed producers already have made available 40,000 bags. Broadwell said the farmers are preventing the board from meetings its contract requirements. British canners, Ontario's largest market, have agreed to accept discolored beans with top grade taste and texture instead of top grade white beans, Broadwell said. The discolored beans are selling at a 50 -cent -per bag discount. w Broadwell said there is the possibility some customers will refuse to accept anything other than the top grade white bean. Michigan, Ontario's major competitor in foreign markets, had a large crop despite poor weather last fall, Broadwell said, but like Ontario has experienced bean discoloration. Ontario seed prices this spring are expected to run about $25 a bag, well under $45 some producers paid in Michigan, Broadwell said. For the 1978 crop, the board is going to establish a two - pool grading system because it anticipates some residual quality problems, he said. The number one pool will involve only top -grade beans in color, taste and texture. The number two pool will involve all other grades and will be discounted. Farmers owe banks 81 million Bank loans to Ontario farmers have doubled since 1973 and now exceed $1 billion, the Canadian Bankers' Association said last week. In a review of banking trends in Ontario, the association said farm loans increased by nearly $250 million or 28 percent during the last year. This compares with a total increase of less than 22 percent for all provinces of Canada during the same period, the association said. Ontario accounts for about 30 percent of the $3.58 billion in bank farm loans across Canada, it said. Banks provide more than half of the credit extended to the farm sector. In other lending categories, there was also a strong rise in home financing. The banks' residential mortgage loans in Ontario rose by 25 percent to $3.81 billion from $3.04 billion during the 12 months. Total loans to businesses in the province were up by about 16 percent while loans to small businesses expanded at a rate of 19.5 percent to $2.42 billion. Loans to small/businesses CHANGE IN NAME INDEPENDENT SHIPPER TO United Co -Operatives of Ontario Livestock Department Toronto Ship your livostock with FRANK VOOGEL Dashwood, Monday Is shipping day from Varna Stockyard provlously Roy Scotchmer Call Dashwood 230.2707 or Bayflold S0-4635 By 7:30 a.m. Moriddy for prompt misrule(' . No charges on plc -up ....1.11. - & ter. , average about $19,000 each and account for more than 90 percent of all individual business loans by the banks, the association said. Personal loans increased to $7.23 billion from $5.94 billion during the 12 months. Personal savings deposits in Ontario rose to $18.99 billion from $15.81 billion. The best gains among the individual components of personal savings were in non- chequable deposits, up 20 percent to $9.40 billion, and term deposits, which rose 31 percent to $6.28 billion. The figures are the latest available from the Bank of Canada and cover the 12 months ended June 30, 1977, -the association said. improve the quality of their corn through better har- vesting . and drying procedures. Instead of processors and elevators paying premiums on high grade corn as they do now, they will begin to discount inferior quality corn in the future, Huff suggested. He also urged Ontario producers to maintain a steadier flow of corn to the marketplace to prevent periodic shortages and the resulting loss of sales to the U.S. By forward contracting and futures buying and selling, farmers can better assure themselves a profit margin than if they hold their corn off the market continually for an unreasonably high price, Huff said. Iowa State University economist Dr. Robert Wisner said corn prices could rise to the $2 a bushel level this spring, but soybean prices may drop slightly because of larger supplies. Wisner said corn prices could go as high as $2.10 from the present level of about $1.90 but soybean prices could drop from $5.60 a bushel to as low as $5.25. He was analysing the 1978 corn and soybean outlook for the United States. However, Canadian prices are set by the American market situation. "With increased Soviet (corn) import needs, the price outlook is more en- couraging, than expected three or four months ago," said Wisner. "But a major rise to present price levels would require either- an unex- pectedly large increase in U.S. corn feeding (for livestock) or serious crop problems in major world grain -producing areas." World feed grain use is expected to decline 1.2 per- cent from a year ago, he said, but Russian imports are expected to be double those of last year because of Soviet droughts. However, increased Soviet imports of North American corn will be partially offset by a sharp rise in 1977 West European grain production. This will likely result in Europeans importing less American corn, he said. By, late 1978, corn prices will, be influenced by an ex- pected decline in U.S. corn acreage, Wisner forecast. Other influences would be expected larger world corn yield and a continued levelling or drop in livestock feeding. The 1978 soybean price outlook is based mainly on a 34 percent increase in 1977 from the previous year, 'he said. About half the increase will be offset by lower price corn competition, said Wisner. With increased soybean oil exports from Canada, Europe. India and the Mediterranean, U.S. soybean oil exports are expected to drop, he said. A continuation of relatively attractive price levels, should result in increased planting in 1978, with land being shifted from corn and cotton into soybean production, said Wisner. BoIe.ns big winter special Get a free electric starter with pur- chase of new Bolens 5, 6, or 8 hp two- stage snowthrower Don't wait till you re snowed in Get a new Bolens snowthrower now and get a free electric starter Look at these fine features you get with a Bolens snowthrower • Heavy duty 24 or 26"auger ■ Two-stage action • Tecumseh Snow King engine • 220 degree rotational discharge chute (• All controls console mounted waist -high and handy Act now. Get a Bolens snowthrower with free electric starter. priced from $ 679 HUTCHINS WELDING RR 2 CLINTON ' The Western Ontario Tractor Pullers Association held its annual banquet, trophy presentation and dance at Saltford Valley Hall on Saturday evening. Almost 50 trophies were presented to pullers in nine different classes. This year, a new award called the Mr. Congeniality award, was given out to a puller voted for by the other pullers. Here, Mrs. Murray Popp of Auburn, organizer of the banquet, awards the Mr. Congeniality trophy to Harvey Holland of Clinton (right). Runner-up was Wayne Whalls of Sheddon. (staff photo) I news farm news 4 Plowmen's convention on The Ontario Plowmen's Association Convention will be held at the Royal York Hotel, Toronto, on February 13 and 14, 1978. A United Trails coach will leave from the Seaforth and District High School at 7 a.m. on Tuesday, February 14. If required, a second bus will leave Wingham at the same time. Anyone with an interest in travelling to the O.P.A. Convention to support the Huron County delegation in their presentation, should contact Bob Gibson in the North (335-3277), Claire Deichert in the South (236- 4130) , and the Agricultural .Office. Clinton in central Huron . (428-3428 or Zenith 7- 2800) by February 3. If there is enough interes$ shown, arrangements will be 'made for a bus on Monday as well. Please contact the same people mentioned if you wish to go on Monday. Phone the Ontario Ministry of Agriculture and Food, Clinton, if you wish ac- commodation at the Royal York Hotel for Sunday or Monday night. Please call prior to February 3. The program begins on Monday, February 13, with registration at 1 p.m. From 1:30 until 4 there will be a discussion by Ed Starr, director, O.P.A., about the co- operative roles of the O.P.A. and the local committee. This will be very timely in- formation. All committee chairmen should try to be there. In fact, this should be considered a Command Performance! There will be an evening banquet with entertainment arranged by Miss Zena Cheevers. The Huron County presentation will be on Tuesday, February ,14, beginning shortly before noon. The Seaforth and District High School Girls' Band will be leading this delegation in. Several from this delegation will be speaking, including chairman Howard Datars, vice- chairman Roy Pattison, O.P.A. director and host farme.,Jim Armstrong, as well as the 1978 Huron County Warden Gerry Ginn. It has been requested that the entire Huron delegation remain in place while agricultural representative Don Pullen gives a short address about Huron County. The band will then lead the entire delegation out. Almost immediately following will be the noon luncheon. The Honourable Wm Newman, Minister,' Ontario Ministry of Agriculture and Food, will be the guest speaker. Huron County will have a hospitality suite,, as in previous years. There will be notices about the location in the hotel. The support of "great masses" of people from Huron County would be ap- preciated at the Convention. Farm receipts rise Farm cash receipts for the first 11 months of 1977 were up from the corresponding period in 1976, a reversal of a downward trend that had predominated for the most of last year, Statistics Canada said last week. The statistics -gathering agency said cash recepits totalled $9.222 million from January to November of 1977 compared to $9.205 million in the same period in 1976. Earlier in the year, farm CO LOSTOR M. Bovine Colostrum Preservative COLOSTOROL MILK FEEDING YIELDS MORE NUTRIT:ON THAN FEEDING WHOLE MILK..i. IT IS MOTHER'S MILK... *04 NATURE'S BEST The very important values of colostrum to the baby calf are well-established: With COLOSTORtm, you can properly store colostrum without the putrificatiun and unpalatability problems of naturally fermented colostrum.... You can use colostrum throughout the 'Milk-Feeding- Program'....(Loss need for milk or milk replacersl)....SWitch the calf to grain earller....Get im- proved weight gains....Reducod scouring probloms....HEALTHIER CALVES. Available from • SHUI‘000:110N Hummel's Feed Mill 35 MARY ST., CLINTON 482-9792 Open: Mon. -Fri. 5:00 - 6:00 p.m.: Saturday 5:00.12:00 noon. cash receipts had trailed behind the 1976 level. Junior Farmers keep active West Huron Junior , Far- mers tried out their bowling skills at the Lucknow Bowling Alley on Tursday, December 29. After the bowling fun a get-together was held .4.t Mel Ritchies' place (past president). The evening was enjoyed by everyone. The annual banquet and dance was a success. 'he slide presentation on Australia and New Zealand given by Dixie Cameron was very interesting and in- formative. Susan Irvin recently at- tended a communications 41111116 retreat at Boyd's Con- servation Area near Toronto. Members are reminded of the annual county meeting at the Clinton high school on January 23. Your Voice in Clinton and Area since 1865 CLINTON NEWS -RECORD UPI.- HAD YOUR PUMP 46' CHECKED LA TEL Y? FAST EFFICIENT •SERVICE AT RE ASIJNARE E BR/NG YOUR PUMP TO 74e Peon/6 peon MINOR REPAIRS OR SE RVICE PUMP • MAJOR OVERHAUL ON •AVAILABLE RATES ALL MAKES OF PUMPS IN EMERGENCY WHEN YOU ARE HERE. ASK TO SEE THE EPPS PRESSURE WASHER WITH THE NEW UNIQUE MISTING SYSTEM SALES AND SERVICE HIGHWAY 8, EAST OF CLINTON _ PHONE:482-3418 10 • BUS TRIP o,�e CANADA FAR SHOW on Wednesday, February 1 BUS LEAVES WALTON AT 8:00 A.M., DFPARTS FROM TORONTO AT 6:00 P.M. McGAVIN FARM EQUIPMENT Phone for Reservations... Call 527-0245 or 887-6365 FRANKLIN STOVES 30" Regular $199.95 RED TAG SPECIAL CLEARANCE OF SNOWMOBILE SUITS Both 1 and 2 piece NENS4LL DISTRICT CO-OP Zurich Hensall Brucefield 236-4393 262-3002 482-9823 1 •