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HomeMy WebLinkAboutThe Goderich Signal-Star, 1980-03-27, Page 31i Use of credit a business tool _DGARY T PHaN Sy_rates of growth and lower net .,....._ . -. _ ...r-.- net xrioomes: - There used to be la How do we use credit stigma to credit; it was considered bad to borrow. Now it is looked orb, in most cases, as another tool of business. Use of credit in the farm business -could even be compared with using fertilizer in crop production. Using too much, too little or the wrong kind can be disastrous. Credit has become so important that, using the right amount in the right way at the right time, can determine success. Research studies have shown that the farmers who got ahead fastest and who had., the higher net more total–moneyto-pay incomes used more credit back, but the benefits of than those with slower spreading out the payments usually out- weigh the extra cost. You should also match loan repayments to the time income is coming in from the use of the loan. For dairy cows, repay some ASSOC. AG. REP. properly? One of the first rules of credit is: use it for productive purposes. If it is not going to •make you money, don't use it. Credit needs to generate extra income to repay the loan. How do we tell if it's profitable? This generally requires budgeting or financial planning. It's a management job, and if you are not willing to do it, you have less chance of success. Another important principle is to match the length of loan to the productive life of the asset. Longer loans mean Calibration • bottles available Sprayer ..Calibration bottles are available at the Agricultural Office, of the loan from each pay Clinton for $2 each. They cheque; for market stock are imprinted with and crops, make metric . and English payments when you sell measurements. therti:' " 47. GODERICH SIGNAL -STAR, THURSDAY, 111L.9,RCH 37,198 PM' Onethe"o`d"s traditions in Canada is maple syrup making, but nowlt enjoys the latest in technological ad- vancement as modern sugar bushes keep pace with the. energy crunch. Albert Schilbe, who along with his son Eric runs- a.large oper>jtion in Goderich Township near Bayfield, has `brought spac ,-age technology to his dperation with the introduction this `year of a reverse osmosis system. The equipment rem(r es a great deal of water from the sap the machine costs $25,000 but is worth the price for It takes the sap in at two percent sugar and turns it out at 10 percent. It is then boiled down to 66 percent sugar at a cost of 25 cents an hour. Using a cellulose fibre and acetate membrane, the machine works on the oldest principle known to life - the selective exchange of molecules through a membrane. Schilbe says he could triple maple syrup production with the unit and cut fuel consumption in half. (News -Record before -it ls.bo1led;..and saves large amounts of fuel while photo) speeding up the boiling process considerably. Schilbe says bnefi'-. furrow" by0.4. tinlene�s are aup'ec,aled by Bo' 7,011e, Eida,e Rd E‘m.,a On, N38 7C 7 AO Just last week, the chairman of the Canadian wheat it was, large.as life in the middle' of the board said the adequacy of the world's food supply is editorial page"'"of my favorite daily newspaper: a of greater importance than the oil shortage. Charles cartoon upholding agriculture. W . Gibbins of Winnipeg, who spoke to an agricultural It happens far too often. Large daily;newspapers in this country virtually ignore farming with a few ex: outlook conference in Saskatoon, said if the world is to be fed, it will'have to assure farmers of returns above bordens. I know of one big daily paper near the U.S. their costs of production. It is exactly what this writer border which has an unwritten newsroom taboo has been repeating; ad nauseum,exfor 10 years. which,dsimply stated, says that no farm copy will be - More than 800 million people in'the world live in. used. extreme poverty. Some estimates indicate that, more Amazing, isn't it? - than half the world's population goes to bed hungry Agriculture is, without question, one.of the top three very night. They are not all •star=•��lg, mind you; just industries in this country, right up there with mining eever every ni ht. and lumbering. Yet, at least one daily paper withIff hungry' costs rise in the 1980s as fuel costs rose in the. more than 200,000 circulation ignores •this industry. last decaade•,..s id Mr. Gibbings, the problem of s s Ja.tar- This corner hami asted-the-mass media, especially vation could.exceed a. Gibbious_gr dimensions. daily newspapers, for a couple of decades for not A -sobering thought,. isn't it? Who can produce giving agriculture the coverage it deserves. Not,once enough to feed those•hungry millions? The fanners in have I been challenged by those papers. countries •like Canada, the United States, Australia, I feel reasonably well qualified to make these Argentina and the European economic community. charges. But farmers need to be appreciated and the cartoon I have worked on at least two -daily newspapers a's a mentioned at the top of this column spelled it out reporter and -or editor as well as a couple of weeklies beautifully. It was signed only with the name Frit - in a writing career spanning almost three decades: chard and I him never met him. Not long ago at a farm meeting, I gently chastized a ,It depictedd love a sowhlabelled althoughs I've never farming with participant at the meeting. for baiting the press. I do eight i let at her side. Each pigwas labelled: bank • • not think 'farmers will get anywhere. using such con-..- eight p eglee meet; "energy costs-, taxes, labor, €er- fronta.tion tactics. ,Better to sit down and talk thingstiliz rates, insurance, feed. All were feeding labor, sow. over with editors and reporters instead of calling them Above her'head in -the balloon were these words: "I to task publicly. DO believe I'm losing my incentive." ' • Anyway; few people in a free country have ever won Ain't it the truth? a battle with a newspaper. The paper always gets the last word. And the- paper usually has a stable of writers a heck of a lot better than the group fighting that paper. . I believe some of the great stories of this decade will be missed because daily newspapers, the big, so- called metropolitan dailies, ignore agriculture., Sheep health shop arranged A Flock Health Workshop has been arranged . for Sheep Producers on Thursday, April 3 from 1:30 to 3:30 p.m. in the Ministry of Agriculture and Food Board Room, Clinton. --Veterinaria-trs 1Tt Huron County are uniquely qualified in helping sheep producers with their sheep - disease management problems. They have sound knowledge of the prin- ciples of disease, their treatments and prevention. Dr. John Martin, .D.V.M., Veterinary Services Branch, Ontario Ministry of Agriculture and Food,,Guelph, will be the workshop- discussion leader. CLAY - Silo Unloaders Feeders Cleaners Stabling Leg Elevators Liquid Manure Equipment Hog Equipment BUTLER — Silo Unloaders Feeders Conveyors FARMATIC Mills Augers, etc. ACORN — Cleaners Heated Waterers' WESTEEL-ROSCO Granaries B & L • Hog Panelling LOWRY FARM SYSTEMS . RR 1, Kincardine, Ont. Phone 395.5286 WATER WELL DRILLING "79 YEARS EXPERIENCE' • FARM • SUBURBAN • INDUSTRIAL • MUNICIPAL • • FREE ESTIMATES • G'IARANTEED WELLS • FAST MODERN EQUIPMENT • 4 ROTARY & PERCUSSION DRILLS . "OUR EXPERIENCE ASSURES LOWER COST WATER WELLS" DAVIDSON . WELL DRILLING LIMITED 4 Rotary and Percussion Drills ;PHONE 357.1960 WINGHAM Collect Calls Accepted "ONT*RIO'S FINEST WATER WELLS SINCE 1900" Why a George White Sprayer? is Congress plans contes The• Ontario Pork Congress plans to hold a special competition — Innovations for the 1980s - - this year to recognize the innovative efforts of Ontario pork producers. The Congress, which attracts 12,000 producers, breeders,. consumers and allied industry representatives is being held June 17 to 19 --at the Stratford Coliseum. "The main purpose behind the competition is to provide farmers with a vehicle to share their ideas and inventions with. other farmers," says Mr. Lawson. "But it may also help allied industry people learn .more about the types ..o.f.._.prorlucts producers want." Entries to the com- petition can cover almost any aspect• of pork in- dustry from feeding, breeding, production or financial management, to disease prevention, manure utilization, ventilation, energy- saving.. devices, , building_ and equipment The Pork Congress invites pork producers to take a look around the farm for the 'little things they have added, changed' or invented. Direct any inquiries to More.far.mers prefer a George White Sprayer because Of standard features including: 1.. .ow profile heavy duty polyethylene tank allowing better visibility • five year pro -rated warranty on tank • comprdte -ran ge -O models includthg- o'trr- - trail, six — 3 point hitch and four sizes of saddle tank • parts and service you can count on. • full length adjustable sparge tube agitation ° the Pork Congress, Box 61, Stratford, Ontario N5A 6F8. roth drainage CIP9ITED FARM DRAINAGE SYSTEMS We will be offering the same service in Huron and Bruce Counties that has kept us foremost in Perth County sin- ce 1948 CALL US NOW FOR A FREE ESTIMATE 39b-4722 595-8405 Or Write: Roth Drainage Limited R.R. 1 Gadshill, Ontario NOK 1JO FARM CLASSIFIED SECTION -A. For- sate __ .--.----- GRASS SEED - Limited amount of forage mix- tures and straight seeds at last summer's prices. Available for immediate delivery. Also lawn grass mixtures. Call Eldon Bradley, 528-2214 or Harvey Culbert 529- 7492.-13-16 D. Livestock WANTED TO •,BUY - reasonably priced, saddle horse. 1-347-2623.-13-16x FOR SALE: Good selection of Hampshire, Yorkshire, Hamp X York and York X Landraee boars, ready for servioe. Prices., reflect market conditions'. Bob Robin- son, R.R.4 Walton, 345- 2317.-12-14 F. For rent 35 ACRES between Saltford and Benmiller. Good drainage. Phone 524-6656.-13ar DAVE HAYLOW ELECTRICAL Serving Industrial, Commercial, Residential Needs 524-6038 For details on plans covering Corn, Spring Grain, Beans & New Forage Seeding call: GEORGE TURTON RIDGEWOOD PARK R.R. 5, GODERICH 524-7411 The Sqotii..bank i rence They're alUthe same, many;say! A bank is a bank , and honey is money- True, there are many similarities, but there are differences too, and it's the differences that matter to you. The Scotiabank difference is the way we do business. . Money is money, but there are many different situations and purposes for which it can be used. There's money for operating for equipment financing, for leasing, for land purchases and for fixed interest term loans. Scotiabank can show you different financial routes that can help you achieve your goals. As a farmer, you want a farm bank, so we staff Scotiabank branches in farm areas with people who know the farming business, And, becausefarming is a big and complex business, scotiabark-ais-o-offers a f-u-1-1-rr- nge Asupiao-rtzse-rvIce .--. if you think all banks are the same, discover the Scotiabank difference. Scotiabank THE BANK OF NOVA SCOTIA When your farm needs more from a bank. 1-290 Trailer Sprayer kJ FEMA GEORGE WHITE 8 SONS INC. ..helping you get the most from your land since 185'1 'Your local Dealer is GEORGE WRAITH. & CO. LTD. GODERICH 'l.