The Goderich Signal-Star, 1980-04-02, Page 41The Farris Edition, Week of April 2, 1980 - 11
How much debt can you handle?
Take twenty minutes when
your income tax return is
complete to determine your
debt repayment capacity.
First, list your Loans and
opposite each, put down the
total amount owing and the
annual payment in interest
and principal. Total the an-
nual payments. Next, take
your total for,cash expenses
and deduct the amount for
livestock purchases and int- -
erest. Then, add on ' the
figure for debt payments and.
personal living. The result-
ing figure is the income you
need to meet your cash out-
flow commitments.
Livestock purchases can be
left in if they are small and of
a regular nature. Deduct pur-
chases. of a larger dollar
amount that will be financd
by a separate loan. Interest is
deducted from the expenses
and then added back in with
the debt payments.
Establish one
milk standard....
•from page 3
-otally blended price now.
It's time we have some
equality among producers,"
Kabbes said.
He saidwith the new quota
exchange about to come into
operation, without the ap-
proval of farmers, the
O.M.M.B. shouldexhibit
some form of responsibility
to ensure the transition to
one -pool pricing is not made
impossible by Group 1 pool
prices going too high.
He said the O.:M.M.B.
should be quite. aware of
producers' feelings in favour
of one pool pricing, as many
had attempted to voice opin-
ions during county meetings
even though board members
present always appeared to
try to bury the question.
Is the income sufficient if
you sell your usual number of
hogs on a 55c market? Where
so you - stand .with a 52c
marked? If you cash crop,
then this income should be
included along with the
income from the .pigs.
Get talking with your ad-
visors right away if the in-
come is less than the cash
outflow. Maybe some -loans
can be spread overr'anore
YOU'RE
VtlHLSTLING ..
. IN THE
DARK.., •
IF YOU
THINK THAT
HEART ATTACK
AND STROKE
HIT ONLY THE
OTHER FELLOW'S.
FAMILY.
Help your
Heart,..
Help your
Heart Fund
Farming
Is Like Any
Other Business
You Require an
Office..
and we would like
to be part of it.
We carry office equipment
including:
®Typewriters [manual & electric]
*Calculators [Large & small]
Fie cabinets [2 & 4 drawer]
•Calculators [large & small]
•File Cabinets 12 & 4 drawer]
•Ledgers and All Other Bookkeeping Supplies
•Fire Proof Vaults
•Stationery and Papers
*Give Your Farm a Touch of Class with Printed
Envelopes and Letterheads
We Do Quality Printing - Free Estimates
Business Forms - And Much More
'.0•••o•••••••••••••••••••••••®•of
Sepoy
Stationery& Printing
LUCKNOW
Phone 528-2919
Open Six Days a Week
Your One Stop Stationery and Printing Centre
years. Maybe some other
source of income can make
up the shortfall. In any
event, it's vital to take some
action before the negative
cash flow eats up equity.
RATE YOUR
MANAGEMENT
You can rate your man-
agement, • whether you are a
beginner with high debt
payments. or an "old pro"
with few debts. You simply
deduct interest, livestock
purchases, and labour pay-
ments off the total of your
cash expenses (without de-
preciation) and subtract the
resulting figure from your
gross income minus livestock
purchases. This final figure
is the dollars that you have
for
- Debt servicing
- Personal living
. Hired and owner labour.
It should be calculated as a
▪ percent of gross income. You
can then note your manage-
ment:
Good
Average
35 - 40%
25-30%
Fair 15 - 20%
A good manager, with an
adjusted gross income of
$100,000, would have
$35(000 to $40,000 for debt
servicing, family living, wag --
es and/or hired labour. The
poor manager would have
only $5,000 to $20,000. Nat-
urally,'the first man can
handle a much greater debt
load or he can handle the
same debt load with a small
volume of production. He's
keeping more out of each -
dollar for himself.
CO.OP
C�ar� a [111M
SUMMIT
An outstanding newcomer
exclusive to CO-OP
• two -rowed, rough -awned feed type
barley
• one of the highest yielding varieties
• now recommended for use in Ontario
• strong, short straw for a high level of
lodging resistance
• produces a large plumplternel with -
excellent test weight •
• high resistance tb mildew, stem rust
• available only at your local CO-OP
Bruce
• six -rowed. rough -awned feed barley
• excellent yield, short strong straw
• mildew -resistant, tolerant to smut •
Peguis
• six -rowed, smooth -awned feed
barley •
• .medium height straw, good strength,
• resistant to stem rust. smut and
mildew
Herta
• two -rowed. rough -awned feed barley
• good yields on a medium to short.
straw with medium -strong strength
• tolerant.to loose sriut, mildew
resistant.
Cereal
`ELGIN 50%
ELGIN 65%
••ELGINL50%
ELGIN 65%
ELGIN 50%
ELGIN 65%
GARR.Y.50%
GARRY 65%
Sentinel
• highest list yielder on the recommended
• strong, mediuri1-length straw
• large oat matures medium to late in
the season
• resists lodging. crown and stem rust
• withstands aphid. damage •
Garry
• good yields on a medium -length
strong straw •
o• .matures• -m d:Scasdn..........:.._-.........._........
• resist nt to crown and stem rust
Elgin
• large white seed matures earlier and
yields higher than Garry
• short. strong straw
Mixtures Chart '
'SUMMIT 50%
SUMMIT 3'5% .
BRUCE 50% •
BRUCE 35%
PEGUIS 50%
PEGU1S 35°ro
HERTA 50%
HERTA 35%
Lucknow District Co-op.
Phone 529.7953
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