HomeMy WebLinkAboutClinton News-Record, 1985-3-20, Page 76DIRECTOR/ADJUSTER
Lorne Robinson, RR. 2, Kincardine
John Clancy, R.R. 1. Chepstow. ........
Len Metcalfe, Mildmay
Jack Cumming, R.R. 2, Dobbinton . ..
Charles Kelly, Port Elgin .
Ron Lipsett, R. R. 1, Annan
All claims should be reported promptly
to the representative in your area or to the
Head Office in Formosa
396-8045
. 881-2075•
......... 367-2791.
353-5556
832-9334
376-6722
1-80x265-3020
Current:
. Cash
. Supplies
. Crops - Cash
Feed
livestock held
Fixed:
.Breeding Stock
. Car
. Machinery
. land
. Buildings
TOTAL
Balance Sheet
Assets
$ 640
2,000
4,250
8,200
12,400
18,675
1,500
11,200
68,500.
49,000
(2) of FarmerA
January 1, 19—
$ 27,490
148,875
$176,365
1UA - NEI WORTH
Current:
Account Payable
Notes Payable
Fixed:
F.l. L
Mortgage to:
Farm Credit
J. A. Roberts
$ 4,600
10,000
10.000
33,200
10,000
$ 14,600
53,200
Net Worth 108,565
'DOTAL
$176,365
Bank sees improvement
from page 16a
the prairies from an average $122.50 per
tonne (up 16 per cent CWT over the previous
year) down to world levels.
--This crop year, favourable weather resulted
in a 19 per cent increase in Eastern corn
production, and prices are expected to be m
the $140 - $150 tonne range down 12 per cent
from year ago levels.'This spring we expect a
slight decline in Dom plantings and foresee
corn prices for the new crop remaining within
the current range.
--Despite the global oilseed market, demand
for oil rich rape seed continues strong, with
prices only 6 per cent under last year.
--Balancing negative global price factors,
price premiums for rape seed (canola) over
alternative crops, and normal weather,
Canadian rape seed production of 3.5 million
tonnes is expected next year, up 9 per cent
over 1984-85 production (which was up 23 per
cent over 1982-83).
--In Fastem Canada a small increase in
soybean production is expected over the
record 1984-85 crop of 1 million tonnes. Prices
will remain in the same $280 to $300 tonne
range as this year.
--A declining U.S. herd (for the third year in a
row) and some improvement in industry
profits will cause nongrain - fed cattle
slaughter to decline during the second half of
1985 as total U.S. cattle slaughter is expected
to be down 3 per cent and prices up 6 per cent
over the second half of 1984.
--With U.S. cattle slaughter expected to be
down 6 per cent in second quarter 1985 from
second quarter 1984, choice steers at Omaha
should average $70 CWT, making this the
high price quarter of the year.
--Cow prices are expected to advance 12 per
cent from 1984 levels in the third and fourth
quarters, signalling a modest rebuilding
phase for 1986 with beef prices moving
higher.
--With the lower Canadian cattle herd,
estimated after four years of declining inven-
tories, at 11 million head as of January 1
(lowest since 1962), slaughter in Canada is
expected to be 3.1 million head in 1985, 4 per
cent below 1984.
With lower production in the U.S. and
Canada, Al and A2 steers in Toronto should
ink average in the mid to upper $80's CWT in the
MI first quarter, rising above $90 CWT in the
second, and ease in the second half with
increased competition from pork and poultry.
U.S. hog prices are expected. to hold above
$50 CWT in the fust half of 1985, weaken in
the second half with fourth quarter prices in
the upper $40 CWT range. Market hogs at
Omaha are expected to average in the upper
U.S. $40's in 1986.
--The dairy industry will see cream and milk
shipments grow by 1.5 per cent over the
previous year to 73.9 million hectolitres, with
shipments in 1985-86 up only fractionally.
Milk returns are expected to be up 3.6 per
cent for fluid shipments and 4.5 per cent for
industrial, though near term advances will be
limited by slow advances in consumption and
by low feed costs lowering price under the
cost of production formula.
--Broiler chicken production should reach 872
million pounds, a 6.4 per cent year to year
increase, while consumption continues rising
to 930 million pounds, up 2.6 per cent from
the previous year.
Lower feed costs combined with a 3.8 per
cent increase in the production quota should
promote increased turkey featuring. ,
--With continuing sluggish demand, the
Canadian Egg Marketing Agency has little
incentive to increase quota levels; lower feed
• costs are expected to trigger a 2.2 per cent
producer price decline under the cost of
production formula.
Expenses . for seed and chemicals are
expected to rise from both price and applica-
tion increases. Fertilizer use should rise with
increased planted acreage, but prices are
expected to remain at 1984 levels.
Create sanctuary...
from page la
work" because of the different diseases the
hog farmer has to contend with and the
constant fluctuation of the hog market.
Burgsrna says he would like to see the farm
remain in the family with his five sons
eventually taking over, but only if they were
happy being a farmer. His desire is for his
sons to have the same opportunities he had,
to do what they want.
With the constant expansion of his farm
operation, Burgsma finds additional manage-
ment is required in order to keep the
operation running smoothly. He says he
enjoys managing his farms, especially his
association with the people hired to run his
farms and keeping an eye on the maintenance
of the farts.
The secret to a smooth running farm
operation says Burgsma is to anticipate
problems and act promptly to correct them
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