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HomeMy WebLinkAboutThe Huron Expositor, 1984-03-28, Page 12Al2 — THE HURON EXPOSITOR, MARCH 28, 19$4 THE PERTH County Federation of Agricul- ture held 'its bi-annual members' of parliament dinner In Gravel ridge on March 24. Looking over the Federation's brief, are from left to right,MPP Hugh Edlghoffer, Federation first vice-president Dave Smith pi Economy continues tp hurt farmer says Perth F of A The agriculture sector is still reeling froiu the high interest rates of two years ago ooinbined .with low commodity prices, the ,Perth County Federation of Agriculture told MPP Hugh Edighoffer and MP °''Williainl Jarvis at the federation's bi-annual member of parliament meeting on Mar. 24. "We thought things were tough a year ago," said provincial director Brenda Ward of 1tR2,' Monkton, '"But, now we're not talking about the poor manager.' sur' She said the .pressure of high interest rates and low commodity prices are hurting farmers who •fours years ago may have had an 80 per cent equity in their farm. - MP Jarvis said he didn't think a recovery now would be a deep one. Any number 01 small factors such as a continuing falling of RR1, Sebringvllle and MP William Jarvis. dollar and labor strikes could hurt the Canadian economy. Egg industry expected to rebound The Canadian egg industry expects to bounce back this year from a tough 1983 when supplies outstripped demand, leaving producers to pick up a $16 million tab for export subsidies. Canadian Egg Marketing Agency (CEMA) officials told the 11th annual egg producers' conference that forecasts indicate surplus stocks will decline by 33 per rent this year. The cost of exporting a box of 15 dozen eggs is expected to fall to 55.25 per box, down from 59.24 a year ago. Production grew by only four per cent in 1983, over the previous year but because Canadian demand was static, surplus was up 41 per cent while exports jumped a dramatic 124 per cent. In Canada's egg marketing system, producers. agree to limit supplies in exchange for a guaranteed price that covers their production costs and provides a fair rate of return. When production exceeds Peter Postill [left] and Gerald Neeb will manage Postill Tile Drainage jointly. POSTILL TILE DRAINAGE CARRIES ON Frank and Peter Postill, of Postill Tile Drainage, have announced the acquisition of their business by Roth Drainage Limited of Gadshill, near Stratford; effective immediately. Postill Tile Drainage will still •be operated .from the same Local shop at Vanastra and the company will maintain the service to its area customers for which it has become well known. Both clay and plastic. tile installation are available. Postill Tde Drainage will be managed jointly by Peter Postill and Gerald Neeb, who between them, have 23 years experience in farm drainage. Peter Postill started tiling with his brother Frank in 1968, and Gerald Neeb started with Roth Drainage Limited in 1977. after dismal -'83 domestic requirements, producers must pay the costs of clearing surplus eggs from the market. Supplies are controlled by CEMA, Which distributes production rights to each pro- vince. Provincial egg marketing boards distribute quotas to individual ecce pro- ducers. CEMA cut the national quota level by five per cent Jan. 1 to bring supplies back in line with demand. 'hr tax yourself? The specially -tri ned tax experts at H&R Block Wit prepare an accu- rate return for you so you'll save as much time and money as.pos- sible. Visit your nearest H&R Block office soon, or call for an appointment. T1 General Our tax specialists will look into over 300 money -saving deductions, exem f tions and credits. We want you to pay $ 8OO the least tax possible. Fiore TI'SpeCllaiWell investigate 20 areas of tax savings not shown on your form. Then we'll s prepareouthe ti� that saves you the most return. %S Ask about our guarantee. It pays to be prepared by HIR BLOCK THE INCOME TAX SPECIALISTS 5 Ontario St. CLINTON 482-7541 OPEN: WEEKDAYS: • A.M. - 3:38 P.M. SATURDAYS: • A.M.. 1:04P.M. No appotntmont nomuary. VINCENT'S PANCAKE OPEN HOUSE Thursday, March 29 9 a.m - 7 p.m. PANCAKES SERVED: 10 am to 1 pm - 4 pm to 6 pm AT THE SEAFORTH STORE— VIEW THE LATEST IN 111 FARM EQUIPMENT GET THE FACTS PROGRAM 2 P.M. Axial -Flow Combine WORKING TOGETHER: Mr. Harold Dent President, International Harvester of Canada KNOW YOUR ONTARIO GRAIN: PRICES AND MARKET THEM e PROPERLY Mr. Dick Moffat Teasdale Grain Co.; London PLANT THE RIGHT SOYBEANS THE PROPER WAY OTHER FARM REBATED COMPANIES ON HAND TO SERVE YOU SEED CHEMICAL and FERTILIZER COMPANIES Asgrow - Wallaceburg Chipman Chemicals -Stoney Creek Dekalb - Chatham - Cooks .Milling - Hensall Funks - Ailsa Craig Ontario Bean Co-operative-Seaforth Pioneer - Blenheim Topnotch Milling - Seaforth DISCUSS YOUR 01L NEEDS AND PROBLEMS Turbo Refineries from Western Canada Mr. John Needham SEAFORTH ONTARIO 537-0120 Mr. Dave Hume Professor Crop Science Dept. Univ. of Guelph FARM EQUIPMENT LIMITED "The recovery is terribly fragile," he said. The federal member . of parliament said there is so much foreign capital investment in Canada, that the country cannot afford a mass exodus of money out of the country. Federation members also expressed con- cern that the Farm Credit Corporation has lost its competitive advantage over banks and other lenders; for its rates are now equal to or higher than other sources. They said they are happy to see that the standing committee of finance, trade and economic affairs has agreed to study the agribond concept. We have long felt that the Agribond concept, using tax -concessions would be an excellent vehicle for providing funds at an interest rate that agriculture can afford," states the federations brief to the members of parliament There was no argument on the question of agribonds from either Mr. Jarvis or Mr. Edighoffer. Other issues covered during the meeting include the red meat commission and stabilization. The current proposal by Mr.. (Dennis) Timbrell to introduce a single desk selling concept in Ontario has .certainly focused attention on this sector of our industry. The beef producers havei experienced persistent low returns and losses for several years as beef consumption has declined, and we feel there is room for improvement especially in market information. In all fairness, we must point out that there is considerable suspicion among producers concerning the plan and opinions are quite divided," said the brief. On stabilization, the federation asks for further progress on uniform and fair stabilization across Canada to remove the cycle of surging markets and to reduce inter -provincial "competition. Good demand at Brussels stockyards The market at Brussels Stockyards traded actively following the week's decline with both steers and, heifers in good demand. Cows sold steady, a medium quality offering ' of pigs sold easier. There were 826 cattle and 1111 pigs on offer. Choice Steers -.84.00 to 87.00 with sales to 95.00 Good Steers -81.00 to 84.00. A steer consigned by Hodgins Bros, of R.R. 8, Parkhill weighing 1410 lbs. sold for 95.00 with their offering of 38 steers averaging 1213 lbs. selling for an overall price of 86.64.. A steer consigned, by Harvey Murray of Chepstow weighing 1210 lbs. sold for 90.00. - Gorrie weighing 12501 s. sold for 87.00 with with his lot of 7 steers averaging' 1118 lbs. , his lot of 4 steers averaging 1192 lbs. selling selling for 86.85. Three steers consigned by Douglas Wagg of R.R. 5, Mitchell averaging 1236 lbs. sold for 87.00 with his lot of 6 steers averaging 1245 lbs. selling for 85.65. Fourteen steers consigned by Mac Ross of R.R. 3, Embro averaging 1145 lbs. sold for ,86.00. Four steers consigned by John Thornton of Gorrie averaging 1245 lbs. sold for 85.50. , Five steers consigned by Garner Nichol- selling for an overall price of 85.26. son of R.R. 4, Brussels averaging 1130 lbs. A ; heifer consigned by Don McGill sold for an overall price of 85.30. weighing 1160Ibs. sold for' 87.75 with his lot Ten steers consigned by Ian Wilbee of of, 14 heifers averaging 1009 lbs. selling for R.R. 1, Walton averaging 1205 lbs. sold for. . an overall price of 85.78. an' overall price of 85.00. • A heifer consigned by Schultz Bros. of A steer consigned by George Adams of R.R. 3, Blyth weighing 1200 lbs. sold for R.R. 2 Wroxeter weighing 1180 lbs. sold for 86.25 with their lot of 7 heifers averaging 86.50 with his 11 steers averaging 1134 lbs. 1090 lbs. selling for 84.30. selling for an overall price of 85.06. A heifer consigned by Keith Jacklin of Ttvo steers consigned by Bob Strong of R.R. 2, Bluevale weighing 1000 lbs. sold for Gorrie averaging 1270 lbs. sold for 87.75 , 87.00. with his offering of 21 steers averaging 1237 Choice Cows -54.00 to 58.00. lbs. selling for an overall price of 84.40. Good Cows -51.00 to 54.00. A steer consigned by Donald Thornton of Canners & Cutters -47.00' to 51.00. b Sixty-six feeder steers consigned by Jim Walker of Elora, mainly black and black - white -faced cattle, averaging 931 lbs. sold for an overall price of 85,13. Eleven hereford feeder steers consigned by Max Lynn of R.R. 3, Tara averaging 974 lbs. sold for 86.00. 30 to 40 Ib. pigs traded to a high of 24.25. 40 to 50 lb: pigs to a high of 32.50. 50 to 60 lb. pigs to a high of 38.50. 60 to 70 lb. pigs to a high of 42.75. 70 to 80 ib: pigs„to a high of 46.75. for 85.35. Five steers consigned by Cyril Wilhelm of Walkerton averaging 1158 lbs. sold for 85.00. Choice Exotic Heifers -83.00 to 86.00. Choice Hereford Heifers -80.00.0 83.00. Good Heifers -77:00 to 80.00.`- A heifer consigned by Cliff Cook of R.R. 3, Granton weighing 1050 lbs. sold for 88.50 with his lot of 15 heifers averaging 1087 lbs. Facts and fantasies about budgeting BY ART LAWSON, FARM MANAGEMENT SPECIALIST A recent survey concluded that only a third of the farmers in Ontario prepare budgets and cash flow projections. That makes budgeters a minority. (Minorities are often neither liked nor trusted). I'd just like to set your mind at ease. It's alright to do budgets. It's healthy and normal. You might even talk about it with your friends. Heckl All else being equal I'd even let one of my daughters marry a budgeter. Budgeting is often associated with borrow- ing money. It's true if you'd like credit you should do a budget to show yourself and the lender that you can pay your debt. There are other reasons for budgeting. If you're not happy with'your income, your costs seem too high, you just... can't seem to get your Mafketihg act together - maybe you need to d6?ji budget. bn the other hand, if you're more than haai y with your income and business perfrmance - you probably don't have to bddget if you don't want to. ['get to see a lot of budgets these days. 1 also get to see how last year's real results compare with the original budgets. Some the real situation was never corrected. people 'are very close or are pleasantlyt Needless to say the real outcome was just as surprised to find that things worked out bad as the first budget said it would be. It's like painting over the cracks in the legs of a ladder - you tan' see the prbblem right away - only after it has let you down. betterthan planned. Others are disappointed on a regular basis. The difference is often related to the attitude of the person doing the budget, Was it a plan being developed or was it just another form to satisfy the banker? The real planners will be making a "road map" for their business. They know what has to be done, what's going to be produced, what inputs are needed. The budget just lays out the financial numbers that reflect production plans. Real results from prior years can be a good guide. DIAGNOSIS - NOTA CURE Keep in mind the purpose of the budget. The idea was to look at the dollar value of your plans. lilt doesn't work it may be a sign that your production plan may need to be changed. Maybe ,you've got ' fob , much overhead cost. Something needs ' to be changed. I've seen cases where a person just isn't prepared to change. The original budget didn't look too good. The changes amounted to starting at the desired answer and working backwards. The paper looked different, but Income is generally harder to project than expenses. Markets change constantly. If you do the cost side of .your budget first, ' you may be able to develop some targets to aim for in marketing some commodities. There are lots of surveys that give averagr prices over recent years. Stabilization plans can offer a projected minimum. Be sure to make a few notes as to how you estimated prices. The biggest part of the income side should relate to physical quantities. Show how many bushels of grain, pounds of meat, milk or Whatever you're planning for. You can deal with prices as real opportunities come along. ' The reality of the market place is that with most commodities you have to be able to survive on prices close to the 5 year average. That's why 1 say to spend the most of your time and effort looking at ways to keepxour breakeven cost down. r - Save up to ES a litre or kilogram on Texaco quality farm lubricants Save time and money by stocking up right now on quality lubricants from your Texaco distributor. For a limited time only get 5t1 off every Titre or kilogram of lubricant, when you buy from 40 to 410 litres or kilograms. Buy more and you'll save more -8C per litre or kilogram. 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