The Wingham Advance-Times, 1983-03-16, Page 4310 - The nun FAINoe, Week of March 16, 19863
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time you'll be glad you got
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Changes proposed in grain elevator
storage act will protect producers
Changes proposed for Ont-
ario's Grain Elevator Storage
Act would ensure stored
grain remains the property of
the farmer and is protected
from sale or seizure in the
event the elevator operator
runs into financial difficulty,
Agriculture and Food Minist-
er Dennis. Timbrell announ-
ced last month.
Timbrell tabled a discus-
sion paper outlining the
changes in the legislature
and added: "In past years,
once the grain was in the
elevators and a contract for
sale had been signed, confu-
sion sometimes arose as to
who owned the farm produce
in question -- the producer or
the elevator operator," the
minister said:
If the elevator operations
fell into financial difficulties,
banks sometimes seized all
the contents of the elevators,
including stored farm prod-
uce. Legal battles often en-
sued as the rightful owners
tried to regain their property
or be compensated for it.
The changes proposed in
the discussion paper would
guarantee that all grain
delivered to an elevator is
intended for storage, unless
the contrary is established in
writing or before a court.
Further, the forms used in
the transaction would be
separated and clarified under
the revised legislation.
The minister stressed that
this paper was being releas-
ed to promote discussion in
the industry. "we want to
give all sectors an oppor-
tunity to analyse these pro-
posals and offer ' comments
and suggestions to be sure
the legislation in its final
form meets the needs of the
industry and protects prod-
ucers."
Approved for farm loan program
The Victoria and Grey
Trust Company has received
authorized lender status to
provide help to the prov-
ince's farmers under the
Ontario Farm Adjustment
Program
Assistance
(OFAAP).
The program, sponsored
by the Ontario Ministry of
Agriculture and Food, was
originally scheduled to end
December 31, 1982. Virtually
unchanged from last year, it
has been extended until the
end of this year and is open
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Wingham
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"SERVING ONTARIO SINCE 1900"
to farmers who meet the
following criteria:
They must have equity in
the farm business of between
10 per cent and 60 per cent,
be paying interest in excess
of 20 per cent of farm
operating costs and have
produced $12,000 worth of
food or tobacco products in
the 12 months preceding
their application, says
OFAAP General Manager,
Nancy Bardecki.
OFAAP offers three types
of assistance to farmers: a
deferral of interest by the
lender for a period of six
months guaranteed by the
province, interest reduction
grants on floating rate loans
for up to 12 months and a
provincial guarantee of a new
line of credit for operating
purposes for periods of up to
12 months.
The 1983 program involves
two types of applicant - those
who participated in 1982 and
those applying for the first
time. First time applications
are reviewed by a local case
committee consisting of the
lender and the local agri-
cultural representative. For
second time participants, no
local case committee is nec-
essary; the application is
prepared by the farmer and
the lender. All applications
go to the provincial decision
committee for consideration.
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528-2113