HomeMy WebLinkAboutThe Wingham Advance-Times, 1985-03-20, Page 98Balance Sheet
Assets
Current:
.Cash $ 640
.Supplies 2,000
.Crops - Cash ¢,250
- Feed 8,200
Livestock held 12,400
Fixed:
. Breeding Stock
.Car
. Machinery
. Land
Buildings
TOTAL
18,675
1,500
11,200
68,500
49,0.00
(2 )'of rammer A
January 1, 19--
$ 27,490
148,875
$176,3.65
P
IJA - NET W OETh
Current:
Account Payable
Notes Payable
Fixed:
F.LL
Mortgage to:
Farm Credit 33,200
J. A. Roberts 10,000
$ 4,600
10.000
10.000
$ 14,600
53,200
Net Worth 108,565
TOTAL -
$176,365
Bank sees improvement
from page 18a
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.
--his cop year, favourable weather resulted
in a 19 per cent increase in Pastern aom
production, and prices are expected to be in
tkze $140 - $150 tonne range down 12 per cent
from year ago levels. This spring we expect a
slight decline in corn plantings and foresee
com 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 seer production of 3.5 million
tonnes is expected next , year, up 9 per Dent
• 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, half 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 •
quarters, signalling a modest rebuilding
phase for 1986 with beef prices moving
higher.
--With the lower Canadian cattle herd,
estimated after four years of declining inven-
tories, at 11 million head as of January 1
(lowest 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 us. and
Canada, Al and A2 steersin 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 prices are expected to hold above
$50 CWT in the first 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 seam 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 reach 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 quota 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 plantedd, aaeage, 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 opportunities he had,
to do what th t
. With the constant' expansion of his farm
operation, Burgsma finds 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 nm his
farms and keeping an eye on the maintenance
of the fauns.
The secret to a smooth running fain
operation says Burgsma is to anticipate
problems and act promptly to correct them.
The Finn Edition, Week of March 20, 19$5 - 17e
Formosa Mutual Insurance Co
FORMOSA. ONTARIO ESTABL (SHED IWO
Chatsworth
Specializing in Farm Insurance
Loss Prevention Service
BROKERS 1 AGENTS
Chatsworth Insurance Brokers Limited
Chesley-Tera Insurance Brokers Led
Chesley 363.3436
Tara 934-2250
Cowling & Kearns Insurance Brokers Limited
Meaford 538-1350
Lion's Head 793-3322
Paisley 353-5200
Port Elgin 832-6961
Gerry Karl Insurance Broker
Mildmay 367-2713
Clifford 327-8025
Kell Insurance Brokers Limited'
Wingham 357-2636
Gorrie I 335-3525
Jack Lambertus Insurance Broker Limited
Walkerton 881.0480
A. Cameron MacAulay -
Ripley a 395-5112
Isabel B. McCreath Insurance
794-2870
Davis & McLay Insurance Brokers Limited
James Hope Insurance Broker
H.E. Janke Insurance Brokers Limited
Kincardine 396-2313
Craig, McDonald & Reddon Insurance Brokers Limited
Formosa 367.2197
Mildmay 367.2297
Walkerton 881-2701
Middleton'sInsurance Brokerage -
Chesley 363-3162
Miller -Slade Insurance Brokers Inc.
Kincardine 396-3465
Ripley v I 395.2661
Owen Sound 376-0590
Owen Sound
Chepstow
Allenford
Moore & Morris Insurance Brokers
376-1333
Carl Morris Insurance Agency
366-2714
934-2181
Elmwood . . : 881.1697
Ross Wagner Insurance,
Chesley 363.2962
James Shirreff Insurance. Broker
Don Threndyle Insurance
DIRECTOR/ADJUSTER
Lorne Robinson, R.R. 2, Kincardine 396-8045
John Clancy, R.R. 1, Chepstow 881-2075
Len Metcalfe, Mildmay 367-2791
Jack Cumming, R.R. 2, Dobbinton 353-5556
Charles Kelly, Port Elgin 832-9334
Ron Lipsett, R.R. 1, Annan 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