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HomeMy WebLinkAboutThe Huron Expositor, 1986-09-03, Page 15FARM Choice pigs sell strongly The market at Brussels Stockyards traded steady on both steers .rid heifers. Cows traded easier. Choice pigs continued to sell at strong prices. There were 609 cattle and 678 pigs on offer. , Choice Steers - 81.50 to 85.50 Good Steers - 78.00 to 81.50 Five steers consigned by Warden & Glen Haney of FL R.4, Seaforth averaging 1066 lbs. sold for an overall price of 84.47 with sales to 85.50 Twenty-four steers consigned by Ken Dalton of FL R1, Walton averaging 1225 lbs. sold for an overall price of 83.54 with sales to 85.00 Six fancy hereford steers consigned by Chas. Shobmok off RR3, Walton averaging 996 lbs. sold for 84.75 Six steers consigned by Dennis Robinson of RR.2, Gadshill averaging 1183 lbs. sold for an overall price of 83.19 with a sale at 84.50 Thirty-four steers consigned by Ed Mc- Cann of RR.3,' Dashwood averaging 1121 lbs. sold for an overall price of 82.97 with sales to 83.70 Fourteen steers consigned by Norman Landsdell of RR2, Thamesford averaging 1183 lbs., sold for an overall price of 82.88 with a sale at 84.75 Fourteen steers consigned by Jim Poor - Capital gains Until the end of 1987, full-time farmers have a unique opportunity to pass along their farms to their children with a full or very considerable exemption on the capital gains tax they might otherwise pay. There are two major capital gains exemp- tions. One is the life -time exemption on up to $500,000 of capital gains introduced in finance Minister Michael Wilson's fust budget in 1985. Unlike other types of capital gains, which are being phased in until the full amount is in effect in 1990, farmers may claim the full 8500.000 right away on any sale of all or part tinge of RR, i, Woodham averaging 4192 lbs. sold for an overall price of 82.63 Eleven steers consigned by Joe Morken of FL R.3, Lucan averaging 1211 lbs. sold for an overall price of 82.68 with his father, Leo's steer weighing 1270 lbs. selling for 82.25 Ten steers consigned by Grant Sterling of R.R.2, Bayfield averaging 1249 lbs. sold for an overall price of 82.09 Fburteen mixed steers consigned by Stain Farms of RR4, Kincardine averaging 1072 lbs. sold for an overall price of 81.94 with a sale at 85.00 Thirty-four steers consigned by Maple Ridge Farms of 8.11.5, Brussels averaging 1161 lbs. sold for an overall price of 81.81 with sales to 83.25 Choice Exotic Heifers - 80.00 to 84.00 with sales to 86.50 Choice White-faced Heifers.- 76.00 to 80.00 • A heifer consigned by Rae McPhail of R.R3, Kerwood weighing 1160 lbs. sold for 86.00 with his lot of 16 heifers averaging 1101 . lbs. selling for 83.50 Thirty-five heifers consigned by John Jacques of RR.2 Clifford averaging 999 lbs. sold for an overall price of 81.74 with a sale at 85.75 Twelve heifers consigned by Rick Zettler of RR2, Walkerton averaging 927 lbs. sold for stay tax free of a ° farm, an interest in a farm, a farm partnership or shares of a family farm corporation. This exemption is available whether the farm is sold to your children or to outsiders and so provides a unique opportun- ity to bring children into the farming business, without any tax cost. Once the farm is passed along, the child becomes eligible to use it for his or her $500,000 exemption, on any gain during their period of ownership. The other exemption - available before Mr. Wilson's budget - is for shares in what is Payments for 1985 wheat. to be made by Sept. 15 Final payments on the 1985 Ontario wheat crop will be made to producers by September 15, 1986. The Ontario Wheat Producers' Marketing Board announced plans to make the pay- ments following , receipt of the board's audited financial statements for the 1985 crop year. Marketing board chairman, Edgar W alcar- ius of RR 6, Aylmer, said producers in the white winter wheat pool will receive a final payment of $17.82 per tonne. That payment, along with an interim payment made by the board in June, of $5 per tonne, plus the initial payment made to producers when they dehvered their wheat, brings the average total to $142.82 per tonne, or$3.89 per bushel, for the 1985 white winter wheat crop.. Producers Stitt 't1 iecdid K00,99?tdilne of 1985 crop white winter wheat compared to 789.548 tonne the previous year, which returned a total average price to producers of • an overall price of 81.29 with sales to 82.85 A heifer consigned by Wayne Stemmler of R.R.4, Harrlston weighing 900 lbs. sold for 82.00 Ten heifers, mainly herefords, consigned by Bert & Ted Elliott of RR.2, Blyth averaging 953 lbs. sold for an overall price of 79.43 with sales to 82.00 Nine heifers consigned by Connell Farms Inc. of R.R3, Palmerston averaging 1005 lbs. sold for 81.70 with their offering of 24 mixed heifers averaging 988 lbs. selling for an overall price of 78.70 Fourteen heifers from Dan Pearson Feed- lot of Ethel averaging 1048 lbs. sold for an overall price of 81.12 with sales to 84.00 Sixteen heifers consigned by Harold & Gary Bell of R R.1, Wroxeter averaging 1007 lbs. sold for an overall price of 79.52 with a sale to 82.50 Choice Cows - 51.00 to 55.00 with a sale to 59.00 Good Cows - 48.00 to 51.00 Canners & Cutters - 44.00 to 48.00 Pigs under 30 lbs. traded to a high of 51.54 per Ib. 30 to 40-1b. pigs traded to a high of $1,50 40 to 50 -Ib. pigs to a high df $1.55 50 to 601b. pigs to a high of $1.36 per Ib. THE HURON EXPOSI1OR, SEPTEMBER 3. 1986 - A15 'd(�Is<PLA>R' We have added a now TOLL FREE NUMBER! For qualified technicians to service all your appliance ' needs call: 1-800-265-8589 or 393-6180 PP 'UNCI~ 1014% GIC • BEST RATE INvEsnmENTs FINANCIAL CENTRE, GODERICH 524.2773 1.800.265.5503 until 1987 $154.17 per tonne, or $4.19 per bushel. In addition, Mr. W alcarius said producers in the red winter wheat pool will receive a final payment of $25.68 per tonne, also to be made by the board by September 15, 1986. He said that payment, plus an interim payment of $44. per tonne made in March, plus the initial payment of $121. per tonne, will bring the total average price to red wheat producers, to $189.68, or $5.16 per bushel. Producers sold 8,428 tonne of 1985 crop red winter wheat, compared to 2,944 tonne the previous year, which averaged 5197.08 per tonne, or 55.36 per bushel. The board chairman also reported pro- ducers sold 1,058 tonne of utility type wheat for which they received an initial phyment of e $120. per tonne, which•isthetotal peymeptone "'that pool. There were about 15,700 producers in Ontario who sold wheat during the 1985 crop year, July 1, 1985 through June 30, 1986. Livestock tour planned The 1986 Livestock Management Tour is being held from Sunday, November 9 to Friday. November 14. Participants will visit approximately 20 different livestock opera- tions in the counties of Huron. Perth and Waterloo. Delegates observe and discuss the man- agement (feeding. breeding, housing etc.) and marketing principles being practised. Delegates will also gain experience in judging and evaluation of Livestock. The tour will end with participation in a livestock evaluation competition at the Royal Agricul- tural Winter Fair. The Livestock Management Tour is open to young people between 18 and 29 years of age who are interested or involved in the day to day operation of the farm. The cost of the tour is $130. and includes accommodation and most meals. Please contact Stephen Sharpe at the Ontario Ministry of Agriculture and Food office, 413 Hibernia Street, Stratford, Ontario NSA 5W2, telephone (519) 271-0280 or 1-800-265-8502. 4-14 RURAL YOUTH CONNECTION 4-11 members from Elgin, Essex, Huron. called a small-business corporation and for farms whether incorporated of not. This is another $200,000 but it's being phased out at the end of 1987. On the sale of farm property to children, up to $200,000 of any gain may be deferred and shifted to children. Only a farm operated by the .farmer, the spouse or children at the time of transfer is eligible, and the deferral is available only if the farm is going to children. So, if anyone is passing along their farm to children the exemption may be up to $700,000 - except that if your spouse also owns shares or farms in partnership with you, it can be up to $1.4 million. What's more, farmers do not actually have to stop farming to realize the sin. They can sell, or give, some of the land the children so they can start their own op rations, they keep right on farming. As well as the time constraints on the $200,000 deferral, there may be a need for urgency to realize the $500,000 exemption. There is some concern that if the Progressive Conservatives lose the next election, a new government might eliminate the capital gains exemption. Apart from the potential $700,000 (or 51.4 million) exemption, there's another tax deferral available too. if farmers do not realize all the proceeds from a sale at once, they may claim a reserve that can spread ca ital gains over five years, But if the farm is sold to a child, the gain may be averaged over 10 years. Give Roundup that extra boost with Frigate. Ili helpingit penetrate the leaf": coo. eve,. ra,dv, hI<IGa"I"IS .urns, t,uit tin - l(ll'N1 WI' added pone,. when a coine, to zapping quackµra,•: int,re 1(tyl'NI if'1'e.1- into the treed ." control Nenhanced l'.etheIugtale '1 O1'Nli1•1'ptu•1kit ,l1I.in $1111. n1%%awl' or inure. the heta .dnhu,duun its qu.icl had,. runtrI. \®/ Chipman Available from "Day or Nite, the Service is Rite" HOEGY'S FARM SUPPLY Brodhagen LIMITED 519.345.2311 519.345.2911 FIt14A1'L,b a rr12441e0IrrL.,urb..1 •11., n...., hl..n.uamm t ILL„ nn rru.lrrrd uv, WII'.1111'vb. rroarrrdu..irm.a.n.q..,.1 • i Kent, Lambton, Middlesex, Oxford and Perth will be meeting together on September 6, 1986 at Western Fairgrounds for "Rural Youth Connection." This event, sponsored by Pioneer Hl -Bred Ltd., will see approximately 200 4.11 members taking part in a judging competition and a communications workshop. Members will develop self-confidence, while having fun meeting new friends and practicing their judging and public speaking skills. The day begins at 9 a.m. with registration and concludes at 4 30 p.m. with award presentations. The noon banquet features a guest speaker on living and communication with the Inuit. The judging competition and communications workshop will be held from 9:15 a.m. to 12 o'dodc The afternoon program consists of group presentations by 4-4 members and time at Western Fair. 4-H members in Southwestern Ontario are looking forward to this unique regional day, and wish to thank Pioneer HI -Bred ltd. for sponsoring the Rtngl Youth Connection. Payment figures set The National Tripartite Beef Stabilization Committee announced a second-quarter 1988 tahilization payment for slaughter cattle of 813.20 per head. • The committee, -composed of federal, provincial and producer representatives, directs the tripartite beef plans. This payment is the first to be triggered under the tripartite program Over 5,000 producers in the participating provinces of Alberta, Ontario and Pince Edward Wand wbo enrolled in the slaughter cattle plan by July 15 are eligible for the payment. They represent well over half of stayghter attic production in the three member provinces. As stated in the handbook accompanying producers` eitrolhnent forms, any payments triggered for the rest or second quarters of the initialyear of the plan were not 10 exceed the total of the provuldal and federal governrnentsr pretmun>s for slaughter cattle (86.60 per head each# or $13,20). This ]limit was recommended by the committee and approved `by the federal and participating preehiaal gee eriftnents forbottf the beef and hog plans, The teason for the • Appointment to limit is that, although the program's offiti.' start-up was January 1, 1986, producer enrollment could not be completed before mid-July and so producers will only start paying premiums for the thrid (Miter. The limit applies only for the first and second quarters of 1986. In future, payments will be calculated using the formula develop- ed for the plan. The support price for the quarter was $74.37 per hilndredweight and the national average market price was $7o.10 per hundredweight. The support price is the current cash costs of production pins 50 per Bent of the difference, ermargin, between the cash costs and the average market price in the same quarter for the previous five years. The beef conunfttee is considering some improvements to the database used to calculate the suppGtt pride so that it more accarrately represents produetlon plrioesses in the member provinces sales -mummify forms will be mailed to producers seen. The forms, fe be tolnpletesf forseooed-quartetsales, are dile by October 3. credit committee Agriculture Minister John Wise an notated the appointment of Edwafd Maar Of Brandon', Manitobans a member of the F'ar�n Credit Corporation Advisory" Comrnittee "I am confident Mr Mazer'sexperience with the agri foodiddustrywillbellrrealakset fel the correattee," Mr. Wise said, Tire three-year appointment Is effedtt e inrtnediately. Bore and raised on a farnt in Saskatche= Warp, Mrr, ltlitiet is a partner hi a farm equipment dealetship. A graduate of Breit- don Umvereity and the Univetsfty of Mattitoba, he practised law knit.1972 to 1975 • Mr Mazer has beets ehattriitin of the board of directors ofa major seed tenni zany, aswell as head of the Brandon Chamber of Commerce and the Brandon Tridvstrial' Coftente§iore He is a director of the Brandon. Sita and the Provincial Exhibition. The comimttee, which usually meets twice A. year,. advises the federal Agriculture Ministeron the various actinides of the Plein Credit Corporation, .Plan to deliver your white beans to Clensall Co-op Your support is necessary to maintain a viable FAi M*R'OWHtD cooPtIOATuVr business in the marketing of your beans. AGES • FAfiTRt� + .EXCELLONT ACiLl1'IEE :far full etiee¢ service TRADE CatoPERAriVEll We continue to work fir VOU even after you hctve sold your crept o WE APPRECIATE AND NEED" YOURNlOiiv two 1®colli®ns to serve y®u teoforth' - office Herman 262-3002 deviator 527 202'4 1400.,363-5190