HomeMy WebLinkAboutThe Goderich Signal-Star, 1985-03-20, Page 47: •
1).
I.
. ••4,•,
Ile
4',- .„; i /1: '', i :•,I," .11•4;1,1,l1A I I...• 4'14 9,9
• iI 44 lti
; 4 ., 4.1, •.,.. 1 11'; Ill
l'I'' '. • ' Ir. '
41; 11 i. I•••• 11 / I' — 141P I i,•
.'• 0 9I 1,:0,,,,,, — 4 i 9 6,4. 9 :, I • _ ,
l 1 t..1 a •1.• " • Vi 44'4, 4'
,i,c IV: O •:I It ....t.: , ' 4919 ,::1 I...tiel••
, ,, .; .iit ,,,,„,••(:),•:,i — i', /- 1
I" 4,.,,, " •& 4,1 V • ‘
.1. 4 4-ID•4,4, i .1 . n•I 0
• 1,6. I 4' ;.k ,..1,,"i:....
,lo.,30,00$4441g14
I •
144 •
.•
'w•tri 41— r .• .•
• i.,•"ui
i•14:
ro
e1M0118t, 1 :11
was worth $508,
per cent is debt fre It �nparesth
to the net'weaIth of the aveiiige Can
which is pegged at $47,000. '
- Plan*. te
WaYlle Ilahinson, agOrker tarticrje=.;
of Agriculture, says the remt. ;makes a
. and president of the Bruce CO' 4r*
mistake when ittii:ttemt,410 010RIA1*14:
wealth of fanners' _,
Robertson suggests that.fanns should be
compared to smaU';'or Medlin grAed
Late
. .. ,
•;,,,I,.;',. ::...,:: , ',- ,, , )
ideSiii - 4y.
pocei to solve the long:W/4100F
' '.: liPtultUre. _. ,,..."
"brie thkig ttie report (IOW p(ent oat is the
constant. and continual &Cline „iii . form ,
luoimei" says Robertaon: " , • ' ,. ,
• The interpretation of . the fi
federal governitient's white'
issues in farming, and further misInterforej
ations in the newkmedianie shoelring:and'
appalling, according, to' the. 0Mairfo:1,01-..
tion of Agriadture (OFA).
Rom an emergency execOthe.,
held in Toronto on Ftbniary:: 25, WA'
president Hairy Pehisero. said, _."While
figures don't lie, interpretationskinfw--vary."2.,
He said the white paper, prepared at the
request of Finance Minister MichaelWilsnn,
is "one sided and not current'f:
"Fbr instance; in discussing the decline in
land values, the white paper stops at net.
Since then, land values have plummeted,
especially in western Canada where they
were hit by drought."
"Some of the comparisons used . the
study and reported in the Fr',"aze
illogical," Perlissero said. "To aminiare the
worth of the average fann;to the worth of the
average Canadian family -LS comparing apples
and oranges. It would be more credible to
show a business to business comparison."
The white paper's figures on the rate of
return on equity may look good on paper, if
it's interpreted to be 19.3 per cent for the
years between 1975 and 1983, "But farm
groups aren't talking about tbe golden days of
thesevendw:According-te-the-tablw4mthe.-
vviiite paper, for 1982 and 1983, fanners have
been losing on their equity. The crisis has
been in recent years, Felissero said.
Another illogical amipmisoio, P "elissero
said, is between the value of farm land and
.aper shocking
1004,44,0,3: that tlievahieiof
root iear.otate:Aai #iroat,--60,194i.ans
k''fanfler.1.000-!t dump his business as
Yestreelmidshamon tilobroao stoot
<• anti, ty, orpaper value don't
put tlui'AidS" • sagh.Sdirol orput shoe on.
their feet1700004usid::7-‘
• hadditjent:Plisseuiodd;the4hite"
shews,thL in 1982 and 1983, the nomiflal
vajue of linctflankLittldkigs'
significantly. - "Onoe again° these ',ate the
crisis years, aridthe*BvelitY.ef the Pieliienia*
• is.diffasedwhenthelotergiretatians kttor000-
ate figures ftint-.1912.:
;The white paper's .iiiimPretatiorm should
not be read in isolation, and, thecontents of
the 64 page document cannot accurately be",
sinnmaxised,in a brief news story, Plissern-,
said. 'The Vann' Credit Corporation did
iliOrougii study on Canadian fatmeni whkt
showed that 17 percit ale :•;lit *We
financial '4iOi.. seven per ,;crini,';*!,'in
'Moder* distiess and thekenathrimilt per
cent are meg stable bemuse they Itme,thP,
mink/aim equity needed to -eve diem a
reasonable theme to -101***. in 0.0caltara-"
is a far ay from' the white papers
interpretation that iedy# wood ate in the :
distress category. The tiontradiction in
figures; both from government depmtmenbr,
----pees-.-onlY4hat_there,iaLniAtifinitt
statement on wii,st hit happenIng.in the .
sector. As president of an organization that
represents over 24,000 farm families, I cari
only say that there is more than enough Cause
turn to Page i7
4.
•
Member of the Huron Real Eifate Board
Akexonder
Gus Chisholm
Murray Rourke
J. Roger Turcotte
**. ff
"
.• .
4
524-783,6
524-8554
524-2569
524-7298
. • A •,-'*;w
•' • 4:4"
•
•
.1,A"• •
•
.1 •
FA; Ill•t••••
LIST OF"
STANDARD
4EATUfiES
986414ZDA
82000
•
.1985 TOYOTA
4985:MS:SAN
-4
PRICk•--
$7675`'
r-
$7998*I MA
$7694?" STO
MoMt,imui),
• STD ,STD
fA
- STO
4 4,4
onaiimixreta,
"14- MIRRORS'
47., • . •
•
%.••••;#: • . -
•
STD STD STD
• — „
. N
fIT
OPT
:-OFT
84East St.