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HomeMy WebLinkAboutClinton News-Record, 1980-03-13, Page 15rmers need.fficiency BY RHEA HAMILTON (prinelpat and interest) funds. l ie ey is the key by $2, or $3,000. Member questioned c n in fanning Invariably farms are the panel about what they .with' toder s high interest 25 percent financed ,and thought the future would. rates, . Federation . of with farmers -Using the hold for . the farming Agri3O*Biro ` members interest tQ reduoe their community. Although the he4,`.1'huraday night, into ue tax it all helps." farms would tend to be John. ,Murphy, frons the Producers in the beef larger units, the panel Royal, Bank, Alec and pork business would agreed that the farmers MOLeo..d, ,Bank of Cone- be more affected by in- Nould be younger. "Look n4F'Fee, and ' Bill terest rates,t Many are around the room here. a+chern " a errand heavy borrowers,for their There is a large number Bend area, accountant, stock and suffer from of farmers here under 36 agreed :on. that in a panel fluctuating prices, he years," said Mr. Murphy, dish&fission at . an HEA said, ft was suggested by m+ :Sting in Exeter. Mr. Alec McLeod urged Tony McQuail, West McEachern said that the farmers to..remember the Wawanosh, that • there level Qf pessimism at the basics, to check the ef- shquld ..be a greater recent farm show in ficiency' of . their spread between Lo? den was un- operations. He suggested borrowing and depositing wa ir'anted. a revolving operating rates. He questioned ' As an accountant I see loan to reduce costs. A whether the _economy a lot of financial in- monitor and check would respond to the high for nation but I only know throughout the year interest rates or whether of llthree. farmers that would help with cash anyone will be able to see _ at e. . ane-_-bankzLupt- flow.— •. — if the economy-is-hurtin re`,ently, said Mr. "Farmers have a and be able to hold back. McEaGhern. "Of those tendency to use a lot of One farmer was con - three only one declared short term credit," said cer,ned with the dif- batkrupt,cy andthe other Mr. McLeod. "The first ference in interest costs twO are being encouraged problem comes in between Quebec and toga; do _ so out of operating loans which are Ontario farmers. In m'Es;'i a n a g e m e n t or affected by the market," Quebec, interest rates to expa�nsjon: Mr. McLeod said. "Setup farmers are • 8 percent &f 'McE`achern agreed a long term loan and and there is no limit to the $h ugh,, interest rates discuss your finances funds available to the and increased costs have with your`banker. farming community. The dampened profits but $5 Mr. McLeod stressed in panel offered no answer percent of the farm individual situations that except Ontario could. businesses are owned and the farmer have good co- shoot funds out the same farmers on a whole are op e r a ti on b e t w e e n way. The drawback is not heavy users of credit. himself and his banker. that it creates an ar- The exceptions are young Mr. Murphy was asked tificial environment and farmers and those doing who gets the profits from more government in - a lot of expanding. thehigher interest rates. tervention. • "Interest rates are not "As prime rate.goesu p so Mr. McEachern in causing the calamity,"- do the deposit rates. The general foresaw a Mr. McEachern said and higher interest is to stop disaster, "Profits are not cited figures illustrating borrowing," said, Mr. there and with *reducing his point. Out of a study of Murphy. "The . farmer inventory more problems 174 farms in 1978 the takes what the market would be created. Young average 'group were 75 gives him andhe can't farmers are having, to percent financed for their take his own price." leave and the farming feed, livestock, and Another drawback is community is really machinery. Along with a that farmers are all suffering," he said. mortgage of 10 percent competing for the same Mr. McLeod.disagreed. (which is not possible source of funds. Both the "Interest rates do make now), the average group tile drain loans (at -6 it difficult but they are would miss their percent) and farm credit not the only factor." - payment, of $53,000 (12 percent) have limited It was suggested by the bank representatives that 1 the rates would not likely go down and that "we _h ron farm may look forward to 22 percent, interest." Farm er.s...,, were en - and couraged to explore the idea of partners and not Ministry of buy new expensive Agriculture home n ews machinery for income and Food tax purposes. `+.► Other answers for farmers looking at machinery are to own larger pieces co- operatively. Mr. Murphy suggested that three or more get together and apply for a syndicate loan at 11 percent. The maximum loan per partner is $15,000 each or a total loan of $60,000. Bill Crawford, Huron fieldman, reported on the,. '`membership. After a drop below 2,000 mem- bership averages at the 2,014 mark. Ontario CANADIAN CATTLEMEN'S ASSOCIATION ANNUAL MEETING BY STAN PAQUETTE, ASSOC. AG. REP. The Canadian Cattlemen's Association annual meeting is being held' Friday, March 14 at the Western Fair Grounds, London. The theme of the speaker's program is "Risk Management for the 1980s." This subject is important to every cattle producer both cow -calf and feedlot. Feature speakers will include: Bill Helming, a well known American analyst, on market outlook and risk management; Chris Mills, of the Canadain Cattlemen's Association, Calgary, will also speak on "Risk in the 80s; " Carolyn McDonnell, from the Beef Information Centre; Stewart Brown, Canadian Cattlemen's Association past -president; and, a producer - banker Panel will round.out the program. The Speaker Program begins at 9:30 a.m and concludes at 4 p.m. A banquet follows at 6 p.m. with a guest speaker. Luncheon and banquet tickets will be available. Cattlemen interested are asked to contact their county association president, Neil Stapleton,. or myself. ' 4-H ORGANIZATIONAL MEETINGS BY LEN MacGREGOR, EXT. ASSIST. During the March School Break, the Huron County 4-H Club Leaders' Association and the Ontario Ministry of Agriculture and Food will be a� izting 4-H Clubs throughout the many co ri' nunities in Huron County. 4-H clubs are open to boys and girls between the ages of 11 to 19 years as of January 1, 1980. The organizational meetings have been set up as follows: North Huron 4-11 Trailblazers Horse. Club, Brussels 4-1-1 Calf Club, Blyth-Belgrave 4-H Beef Calf Club, Blyth 4-H Rabbit Club, and Hallrice 4- H Dairy Calf Club - Blyth Public School, Monday, March 17 at 1:30 p.m. South Huron 4-11 Multi -Project Field Crops Clubs, Exeter 4-11 Sweet Corn Club, Exeter 4-11 Calf Club, Zurich 4-H Calf Club, Zurich 4-11 Swine Club, and Exeter 4-11 Horse and Pony Club - South Huron District High School, Exeter, Monday, March 17 at 8 p.m. Howick 4-H Calf Club, Howick 4-11 Swine Club, Howick & Turnberry 4-11 Horse Club and North Huron 4- 11 Gun Safety Club - Howick Central Public School, Tuesday, March 18, at 8 p.m. Seaforth 4-14 Calf Club, North Huron 4-H Swine Club, Bayfield 4-14 Calf Club, Kippfield 441 Calf Club, Seaforth 4-11 Silver Spurs Horse Club, and Central Huron 4-1-1 Rabbit Club - Seaforth District High School, Wednesday, March 19 at 8 p. n. Dungannon 4-0 Calf Club, Lucknow 4-14 Calf Club - Brookside Public School, Thursday, March 20 at 8p.m. Young people who are interested in joining a 4 - Club are invited to attend any of the organizational meetings or if you have any questions, you may inquire at the Agricultural Office in Clinton. Farm queen chosen Patti Down, a Gra..e 1j student at South Huron District High School in Exeter was named Western Ontario Farm Show Princess in London, Tuesday night. Patti is 18 years of age and the oldest of four daughters of •Bob•and Pat Down, RR 1, Hensall. After being crowned Tuesday night, Patti was at the Farm Show for the next three days in her official capacity as Princess in addition to writing exams , at the iocathig'h school. Competing in the Princess contest were 18 other young ladies from Western Ontario. All were sponsored by farm oriented „organization. Patti was sponsored by the South Huron Junior farmers. Judging involved around an impromptu speech, tests, essays and interviews. Patti Doy!n,',s im- promptu speech ' was on "What changes would you make if you were a farm bride?" ,In the prize depart- ment, Patti received a set of luggage and 18 car- nations. All girls com- peting also received a corsage and an iden- tification bracelet. The next official engagement for Patti as Farm Show Princess will A REMINDER be at the Western Fair in Don't forget Indoor Gardening Summary London in September. Days: Wednesday, March 19, 2 p.m. at Ontario Patti hopes to continue Street United Church, Clinton, and Thursday her . education this fall March 27, 1:30 p.m. at St. Andrews Presbyterian with a political science Church, Winghain. course at the University of Waterloo. There were many people from Huron County visiting the Farm Show last week in London, and there were some exhibitors as well, including Epps Manufacturing from Clinton. The firm showed its highly succressful high pressure washers. (News - Record photo) DESSERT TOPPING DREAM; WK.IP_, 30 CM (121 ALCAN FOIL... 20 metre CLUB HOUSE - 4 VARIETIES GRAVY. MIX _ _ _21 g or 25 g. 2i69 ' TENDERFLAKE PURE LARD _ 1 lb. Pky_ _ 79°- rEilifiti 2 Litre 1.99 co .129189 THESE SPECIALS -AVAILABLE .ONLY IN STORES EQUIFhPED WITH AN IN -STARE BAKESHOP COUNTRY OVEN BROWN ROLLS OR75' CRUSTY ROLLS 8-s FRESH ICED DELICIOUS Mali A COUNTRY OVEN DANISH TWISTS 3.S 8 VARIETIES ZEHRS COOKIES CHOCOLATE CHIP PEANUT BUTTER CHIP CHOC. FUDGE CREMES VANILLA CREMES OATMEAL PARISIAN CREMES DIGESTIVE • SHORTCAKE - NAMy4 , ASSORTED FLAVOASOURSE 3 oz PKGS FOR s HOSTESS REGULAR OR DIP POTATO CHIPS !29 BAG CAPRI HAIR RINSE - 2 VAR. 3 VARIETIES CAPRI . . SHAMPOO WS-RECoi D►, TH' $Il,A t", MARCH 13,, 0' Uies tes'' news farm news • Twenty -thousand habuiger baits will be distributed by aircraft into remote bush areas of Huron County this winter to -test bait acceptance by foxes for future rabies . control, Natural Resources Minister James Auld an1<ouneed The 1VIinister explained that each bait will contain a 'small amount of the common antibiotic tetracycline " biolQ,gicaLmarkirigg agent. '"The teeth of a fox that has _ eaten a bait show fluorescent yellow lines under ultra -violet ateter'oscope examination," he said. Wild foXes and skunks are the main carriers of.,, rabies in Ontario. Mr. Auld said that by examining a .number of foxes, from the baited. areas, it will be possible • to deterMine the ac- .eptance of the'bait: In future the bait$, if found acceptable -to the animnals, Will be'Used to administer a new oral rabies vaccine which is still in., development • "Province -wide control of rabies in wildlife will then be possible," Mr. Auld said. MATERNITY WEAR' AT The Separate Shoppe MAIN CORNER, CLINTON 482-7778 (NEXT TO CAMPBELL'S MEN'S WEAR) OPEN 1-6 . OPEN 1-6 BATHROOM TSUE-- 5 COLOURS DEL MONTE FOODS CREAM CORN OR GREEN PEAS _ DEL MONTE VEGETABLES '48 oz. TINS 14 OZ. TINS FOR DEL MONTE FANCY QUALITY TOMATO JUICE SPECIAL! ALL VARIETIES DEL MONTE PUDDING CUPS 20oz .. S WESTONS DELICIOUS.: OT CROSS'BVNS PKG. OF 6� FANCY NEILSONS NOVELTIES QUALITY; FUDGETIKSICLES OF G2 . $t29 HERB & GARLIC OR TOASTED ONION . SPECIAL!. CUT GREEN OR WAX BEANS DEL •MONTE VEGETABLES 14 oz. TINS 9 2o79 ' DEL MONTE QUALITY. PRUNE NECTAR =•°•99t DEL MONTE FANCY 14 oz. TINS STEWED TOMATOES.. 2FoR99° DEL MONTE TIDBITS - CRUSHED -SLICED PINEAPPLE (JUICE PACK) 14,oz 590 DEL MONTE FANCY ,PINEAPPLE JUICE _ _4$ oz -TIN— , 89, RICHS COFFEE RICH FROZEN COFFEE WHITENER 32 OZ. CTN. 69 HIGHLINER WHOLE IN BRINE COOKED LOBSTER 99r FROZEN 200 g PKG BADEN CHEESE. 11.79 WESTONS ENGLISH MUFFINS. _KG OFe S¢° ZEHRS MARKETS OPENING NIGHT SAVINGS $ • 50 OFF REGULAR PRICES WED. APRIL 2 PICK UP YOUR COUPON FROM ANY ZEHRS CASHIER • AND EXCHANGE FOR YOUR TICKETS AT KITCHENER AUDITORIUM 400 EAST AVE.. KITCHENER OR SEND CHEQUE OR MONEY ORDER. ALL SEATS RESERVED 3 VARIETIES ZEHRS BREAD - TOOTHPASTE -1---"S 150 ml. TU BE ROYAL` 5 COLOURS PAPER TOWELS 200 g 2 ROLL hGODERICH-HURON WE WILL BE PLEASED TO SERVE SOU IN: OUR MANAGER IS. DALE McDONALD RD.No $ OPEN WED,THUR.FRI, EVENINGS VIA FROM THE TEA FOLK TETLEY TEA BAGS BOX OF 72 �:..- u- ._ ..... v_ Y'-Y,.►..i.:Y:.. '. .i��i►1iA;.• '.... .,.. ��. ., h� .JI_sJ,l ..Je:,.:�.a •::ice.