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Home My WebLink AboutThe Goderich Signal-Star, 1985-11-13, Page 29'pa by Agl'iO to liysltioni .`iF ). pro- clu o Is dtllaI, eiconon tc°add'edulca- 11,00 "The adjustments how taking "place in agriculture— due to,•low commodity prices arid High' input costs — are expected to result hi several, hundred farmers losing their forms this..ear," Riddell said. "This means loss of jobs,'` homes, sources of .in- come and'savings." Through FIT, the government hopes to curb the loss of farms. And where that can't be done, the program will assist the family to re-establish. As a first step, Ontario will temporarily defer action against farmers in trouble under three provincial assistance plans. The deferral means collection calls will not be made and legal action will not be taken on arrears of Junior Farmer Establishment Loan Corporation mortgages and lease - with -option -to -purchase_ agreements under the Farm Enlargement Program. In addition, provincial requirements for action on guarantees under Option C of the Ontario Farm Adjustment Assistance Pro- gram will be temporarily lifted. The temporary deferral will remain in ef- fect until January 15, 1986 or until the federal government lifts the moratorium on botitoas• ' FlTinclu el. -a 2440*hotlixlewliere farmers can cel a. Zenith tui nb° for lfopmation on how to deal with stress, how to locate professional assistance in dealing with creditort and to het them understand their rights, and ob ations.. — t a—hiring. and training of independent farm family advisors. They will review farm.. operations,. help farmers recognize what actions must be taken and assist in fin- ding and accessing realistic options. The ad- visors, who will be working in the farmer's interest, will be successful farmers. — re-establishment assistance for farm families who have had to discontinue work- ing in agriculture because of financial pro- blems. This includes advice on how to ac- cess various social service and assistance programs offered by the provincial and federal governments. In addition, the pro- gram will provide farm families with finan- cial assistance during the period of job sear- ch, and further financial and counselling help to enhance their employment oppor- tunities. — an awareness campaign to tell farmers their rights and how to access them if they have problems. For example, the current Farm Operating Credit Assistance Pro- gram (FOCAP) provides for a third party review of the viability of a farmer's opera- tions before a creditor can take action. Debt program needed farmers tell task force A federal -provincial program for debt set- aside is the most urgently required new in- itiative for agriculture, according to a brief submitted by the Christian Farmers Federation of Ontario to Ontario's Inter- ministerial Task Force on Agricultural Finance. The brief asks the task force to "take im- mediate steps to develop a federal - provincial debt set-aside program". The CFFO wants a debt set-aside to help farm families in financial difficulty long before equity is all gone. The federation is concerned that the debt restructuring that financial insititutions now agree to, comes much too late and that family farmers do not receive equal opportunity for such debt review. The federation regards the warnings by banks that third party review of debts wi:U result in banks withdrawing from agricultural lending as an overstatement. "Lenders' willingness to supply credit in the long-term will be affected," the brief says, "but, in only a minor way". Banks have already made drastic changes in their agricultural lending policies, according to Tom Oegema, CFFO's President. "These changes are both overdue and legitimate, and will continue whether or not there is a debt set-aside," Oegema says. "Our new economic reality is already forc- ing the changes." "A formal debt restructuring process will only have a marginal impact on lending practices," Oegema argues. "And the im- pact will very likely be positive since a debt set-aside will bring greater stability to far- ming." The Federation also asked= the Task Force to support an early renewal of the Beginning Farmers Assistance Program and to sup- port the development of a program of com- passionate social assistance to the many farm families being forced off their land. FINANCIAL MARKET TRENDS BANK RATE 8.84% PRIME 10.00% T BILLS 8.250% CDN DOLLAR .7281 US DOLLAR $1.3734 GOLD (CDN) $446.72 SHORT TERM 8.500% 1 Yr. 3 Yr5 Yr. GIC's 9 '/z RRSP's 9 3/8 MORTGAGES 9 3/4 10 '/z 11 1/8 10 3/4 10 3/4 111/411'/2 MUTUALS 36.500 23.700 24.900 Canada Savings Bonds 8 '/2% FINANCIAL HINT II you want long term grow ano maximize the potential use of your money, It would be more beneficial to be an investor rather than a depositor. Compiled by: ABC INVESTMENTS 53 West St., Goderlch Only 6 more shopping weeks till Christmas! Ralph Srtiith Pl otpgrapher R Iii 1 Bayfield, Ontar,p :NOVO. •482.7295 t n• Ia, REFERENCE FOR BUSINE_ 40. PROFESSIONALSERVIC r, ap f 5i 5 P.O. BOX 1136', CLINTON, ONT. NOM 1L0 NE5.41124374 THREE PHAS(ELECTRIC 1-800-265-9255 BARRY BUCHANAN ASK FOR 3078 IrMONTREAL OTTAWA TORONTO MISSISSAUGA ST. CATHARINES PORT COLBORNE BRAMPTON BURLINGTON HAMILTON LISTOWEL GODERICH KIRBY DELLER 1266 mow • PHONES Bus. 524-7379 01130 . / 1111 , Res. 524-6210 Direct Paris 524-7389 BLUEWATER TRUCK CENTRE LTD. GODERICH, ONTARIO WE SPECIALIZE IN TRUCKS ,CARLYLE BANNISTER AIRPORT ROAD .,'�,.?,>", :•tip":3.�i':�'i+F�a.�'`i�''C;s.�,. ;'4'4�%"r^:}':aF`�Xa,>.a:i'�;' 5horetine Decor WINNIPEG ANCOUVER Spicer MacGillivray CHARTERED ACCOUNTANTS RONALD E. TAKALO, C.A. 4/1. RESIDENT PARTNER A Canadian name with international credentials P.O. Box 1N, 40Th. Square, Goderlch, Ontario N7A SZE (519) 524-2677 GARDINER'S MOVERS Locally Owned And Operated ❑CLEAN MODERN EQUIPMENT ❑EXPERIENCED PERSONNEL ❑PROMPT & COURTEOUS ❑PACKING CARTONS SERVICE -, ❑CAREFUL HANDLING EFREE ESTIMATES El REASONABLE RATES r❑EXPERT ADVICE For Moving Anything LARGE OR SMALL 524-2421 The Decorating People Since 1935 YOUR C9 PI.ETEI DECORATING CENTRE watIl coverings pat'nts stains cabinet refinishing Mall iY& SUNWORTHY � �" 397 Bayficoasteld ld R ,��' Bayfield Rd. vat YES -VDU -CAN 55U 5ER1NGS i'iil�p� Goderlch, Ontario LProprletor: Don Larder 01;0,61.15114P,f ..:,.�;.,::a.- ... -.-ey ,,,-r.' •_,'e:'..�:asasr.-�;r acKms�..�arxa..+;w.•.. FRED LAWRENCE Electrical Contractor HOME, FARM, AND COMMERCIAL WIRING Ronald L. McDonald CHARTERED ACCOUNTANT 47 CHURCH ST., 524-6253, Goderlch, Ontario PHONE AUBURN 526-7505 GODERICH ENERGY SEAL AND INSULATION Complete Insulation of °tuts, basements, walls EJ replacement windows ❑ventilation of attic ❑humidity problems solved ❑Sealing & removal of UFFI ❑Ener -seal draft -proofing of home 37 KINGSTON ST., GODERICH sa 524-2311 out-of-town call collect MORRIS DRAPERIES Your One Stop Interior Decorating Service Centre Custom Drapery Kirsch Track and Installation Available Draco Window Shades Wallpaper & C.I.L. Paints Harding Carpets 36 West St. Goderlch 524-2551 7 OPTOMETRIST The Square 524-7661 D.B. Palmer Doctor of Chiropractic 73 Montreal St. Goderich 524-4555 Queen St. Blyth - 523-,321 W. L. BUTLER_ CHARTERED ACCOUNTANT Trustee in Bankruptcy Farm Financial Statements 60 East St., Goderlch 524-8658 33 Lambton Crt., Kincardine 5 Ontario St.. Clinton (at H&R Block) WHEN HOT NEWS BREAKS DON'T KEEP IT A SECRET! PHONE THE GODERICH SIGNAL -STAR AND LET EVERYONE KNOW PHONE 524.2614 AND ASK FOR THE NEWSROOM. ELECTRICMOTOR PROBLEMS...wa can help! •F ARM MOTORS •POWER TOOLS •REWINDING FAN BLADE PULLEYS FAST SERVICE!! MOBILE WASH UNITS for your hard to get at CLEANING REQUIREMENTS Electric Motors ?3S-131'9' Huron St, E., Exeter COMFORT ZONE INSULATION LTD. CLINTON BOX 1067 482-3812 We Have It All! Cellulose, Rockwooi, Fibreglass, Polyurethane, Vents, Poly -caulking, Weather Stripping -Materials For Every Need - Houses, Barns, Factories, etc. LET US KEEP YOU IN THE COMFORT ZONE , Also spray painting of mast everything 482-3563 Yes, Christrnas is only a short time away. If you're wondering what to buy for all those sisters, brothers, cousins, aunts, uncles - all the people you're giving gifts to - keep your eye on upcoming issues of the Goderlch Signal -Star. We'll have lots of gift suggestions and ideas to make this Christmas buying season a little easier for you! Goderic SIGNAL -STAR • WNW &ILe4441411114WWW1 W4 {6nMta+Oma 3300-45061 C IGN A Baia Ne-ewequ.eil C r. WIA P.A. BOX 220 HU(eKINB BT. INDUBTAIAL PARK GODERICH, ONT. N7A 406 Your guide to Christmas gift giving McKILLOP MUTUAL INSURANCE COMPANY PHIL MAIN 91 Main St. South, Seaforth FARM, HOME, COMMERCIAL, AUTO COVERAGES AGMTS E.F. ''Bit➢" Durst Bob McNaughton Graeme Craig Banter & MacEwan l7nsurane•e Brokers Ltd. 527-1455 527-1571 887-9381 524-9671 ❑Wholesale Cable & Fittings f Swimming Pool Chemicals []Faro Extinguishers Sales & Service C7 W indow-Glass-Screening Repairs ❑Fishing, Hunting Licences ❑Smail Appliance Repairs The Old Fashioned Hardware Store Ao �v.