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Home My WebLink AboutThe Wingham Advance-Times, 1985-03-20, Page 77Balance Sheet Assets Current: .Cash $ 640 .Supplies 2,000 .Crops - Cash 4,250 - Feed 8,200 livestock held 12,400 Fixed: .Breeding Stock 18,675 .Car 1,500 . Machinery 11,200 -Land 68,500 -Buildings 49,000 TOTAL (2) of Fannor A January 1, 19— $ 27,490 148,875 $176,365 - NE'f W onni Current: Account Payable Notes Payable $ 4,600 10,000 $ 14,600 Fixed: F.LL. Mortgage to; Farm Credit 33,200 J. A. Roberts 10,000 10,000 53,200 Net Worth, 108,565 TOTAL $176,365 Bank sees improvement from page 16a the prairies from an average $122.50 per tonne (up 16 per cent CWT -over the previous year) down to world levels: --This crop, year, favourable weather resulted in a 19 per cent increase in Eastern Dorn production, and prices are expected to be in the $140 - $150 tonne range down 12 per cent from year ago levels. This spring we expect a slight decline in corn plantings and foresee Dorn prices for the new cop remaining within the current range. --Despite the global oilseed market, demand for oil rich rape seed continues strong, with prices only 6 per cent under last year. --Balancing negative global price factors, price premiums for rape seed (canola) over alternative cops, and normal weather, Canadian rape seed production of 3.5 million tonnes is expected next year, up 9 per cent - over 1984-85 production (which was up 23 per cent over 1982-83). --In Eastern Canada a small increase in soybean production is expected over the record 1984-85 cop of 1 million tonnes. Prices will remain in the same $280 to $300 tonne range as this year. --A declining U.S. herd (for the third year in a row) and some improvement in industry profits will cause nongrain - fed cattle slaughter to decline during the second half of 1985 as total U.S. cattle slaughter is expected to be down 3 per cent and prices up 6 per cent over the second hulf of 1984. --With U.S. cattle slaughter expected to be ,down'6 per cent in second quarter ,1985 .from second quarter 1984, choice steers at Omaha should average $70 CWT, making this the high price' quarter of the year. , --Cow prices are expected to advance 12 per cent `from 1984 levels in the third and fourth q , signalling a modest rebuilding ph�e for 1986 with beef prim moving higher. --With the, lower Canadian cattle herd, estimated after four�yearsof declining_ invert, tories, at 11 million head as of January 1 aowest since 1962), slaughter in Canada is expected to be 3.1 million head in 1985, 4 per cent below 1984. • With lower production in the U.S. and ,Canada, Al and A2 steers in Toronto should `average in the mid to upper $80's CWT in the first quarter, rising above $90 CWT in the second, and ease 'in the second half with increased competition from pork and poultry. --U.S. hog prioes•are expected to hold above $50 CWT in the fust half of 1985, weaken in the second half with fourth quarter prices in the upper $40 CWT range. Market hogs at Omaha are expected to average in the upper U.S. $40's in 1986. --The dairy industry will see cream and milk shipments grow by 1.5 per cent over the previous year to 73.9 million hectolitres, with shipments in 1985-86 up only fractionally. Milk returns are expected to be up 3.6 per cent for fluid shipments and 4.5 per cent for industrial, though near term advances will be limited by slow advances in consumption and by low feed costs lowering price under the cost of production formula. --Broiler chicken production should ready 872 million pounds, a 6.4 per cent year to year increase, while consumption continues rising to 930 million pounds, up 2.6 per cent from the previous year. Lower feed costs combined with a 3.8 per cent increase in the production quota should promote increased turkey featuring. --With continuing sluggish demand, the Canadian Egg Marketing Agency has little incentive to increase griota levels; lower feed costs are expected to trigger a 2.2 per cent producer price decline under the cost of production formula. Expenses for seed and chemicals are expected to rise from both price and applica- tion increases. Fertilizer use should rise with increased planted acreage, but prices are expected to remain at 1984 levels. Create sanctuary... from page la • work" because of the different diseases the hog farmer has to contend with and the constant fluctuation of the hog market. Burgsma says he would like to see the farm remain in the family with his five sons eventually taking over, but only if they were happy being a fanner. His desire is for his sons, to have the- salve. opportunities he had, to do what they want. With the constant expansion of his farm operation, Burgsma fmds additional manage- ment is required in order to keep the operation running smoothly. He says he enjoys managing his farms, especially his association with the people 'hired to run his farms and keeping an eye on the maintenance , of the farms. The secret to a smooth running farm operation says Bergsma is to anticipate problems and act promptly to correct them. The pyo Edition, Week of Mardi 20, 1985 - 17a Formosa Mutual Insurance Co FORMOSA, ONTARIO ESTABLISHED 16e0 Specializing in Farm Insurance Loss_ Prevention Service BROKERS 1 AGENT Chatsworth Insurance Brokers Limited Chatsworth 794-2870 Chesley-Tara Insurance Brokers Llmled Chesley 363-3436 Tara 934-2250 Cowling & Kearns Insurance Brokers Limited; Meaford 538-1350 Davis & McLay Insurance Brokers Limited 793 3322 Lion's Head .. , Paisley 353-5200 832-6961 Port Elgin James HOps Insurance Broker H.E. Janke Insurance Brokers Limited Gerry Karl Insurance Broker Mildmay 367-2713 Clifford 327-8025 Kell Insurance Brokers Limited Wingham 357-2636 Gorrie - 335-3525 Jack Lambertus Insurance Broker Limited Walkerton 881-0480 A. Cameron MacAulay Ripley 395-5112 Isabel B. McCreath Insurance Kincardine 396.2313 Craig, McDonald & Reddon Insurance Brokers Limited Formosa 367.219' Mildmay 367-2297 Walkerton 881-2701 Middleton's Insurance Brokerage Miller -Slade Insurance Brokers Inc. Kincardine 396-3465 Ripley 395-2661 Owen Sound 376-0590 Moore & Morris Insurance Brokers Owen Sound 376-1333 Carl Morris Insurance Agency Chepstow 366-2714 James Shirreff Insurance Broker Allenford 934-2181 Don Threndyle Insurance Elmwood 881.1697 Ross Wagner Insurance, Chesley 363-2962 Chesley 363-3162 DIRECTOR/ADJUSTER Lorne Robinson, R.R. 2, Kincardine John Clancy, R.R. 1, Chepstow Jack Cumming, R.R. 2, Dobbinton Charles Kelly, Port Elgin Ron Lipsett, R.R. 1, Annan 396-8045 881-2075 Len Metcalfe, Mildmay 367-2791 353-5556 832-9334 376-6722 All claims should be reported promptly to the representative in your area or to the Head Office in Formosa 1-800-265-3020