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Home My WebLink AboutThe Goderich Signal-Star, 1977-10-13, Page 29liliza ket Pr h cost; 6eei” trice.; 1 ine Payk ild nay Fede the p gtol2 Pprop loans onto skis Jottings.....,. page 6A August 31, 1978. Proof of dated and completed be t hetted. Cmmiss on e cr to t cipants who have used corn or corn lents must also report transactions. The fission will then ate the eligible product jog- the appropriate re conversion factors and by sul2tracting any purchase of .corn grains or prepared feeds converted to corn equivalents. This plan covers net sales only and does not cover corn sold by corn dealers. I trust farmers are aware that there will be a deficiency payment to corn producers of six cents a, bushel on grain corn crop sold between September 1, 1976 and August 31, 1977, The payment is based on dry shelled corn, basis 15.5 percent moisture. Sales of cob corn and shelled corn at high rnoisturolevels will be converted to the dry shelled! basis, The support level for the 1976 corn crop under the Agricultural Stabilization Act was announced in April at $2.18 per bushel. The national weighted average price during the crop year was $2.12 per bushel. The dif- ference between the support price and the averagemarket price is the amount of the stabilization payment. Corn producers should apply to the Agricultural - Stabilization Board .in Ottawa for their stabilization payment. Claim forms will be available from Federal and Provincial District Agricultural Offices by mid October. Stabilization payments will be made on all legitimate sales of grain• corn through the normal commetacial system such as sales to elevators, feed mills, grain dealers acid commercial, end users, such as starch com- panies, distillers, feedlots and other livestock and poultry feeding operations. Sales of seed corn and silage are not eligible for support. Producers must submit satisfactory documentation of their corn sales; showing the name of the buyer and seller, date of sale, date and location of delivery, quantity sold, moisture content and price. In determining the date of sale the Stabilization Board will consider both the date of GODFB SIGNAL - delivery and when title to the operation. STAR, THURSDAY grain actually changed This year the farmers will hands. record their sales in bushels Individual producers may on the application form, while claim stabilization payment on up to 39,000 bushel of corn sales with the first 400 bushel being deducted from each claim. As in other stabilization programs legitimate partnerships may be ableto.claim for additional eligibility if the individual partners can show separate and distinct investment, labour, management and profit-sharing in their joint xt year, in keeping with metric conversion, the records will be done on a tonne basis. I think farmers should also be aware of relatively new Federal legislation known as the Advance Payments for Crops Act. This Act is aimed at evening out marketings over the storage life of a crop and giving farmers the ' chance to sell part of their OCTOBER 13, 1977—PAGE IA crop later in the seasen,when Ort prices are.usuallyhigher, than – at harvest time. The legislation is ad- ministered by Agriculture Canada's Grains and Special Crops Division. Under the. Act, producer groups can apply for loans in order to make advance payments to producers who store their crop at harvest time and sell it at a later date. Walk away your excess calories. It's the cheapest safest form of exercise. all hearty appetites! 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