The URL can be used to link to this page

Home My WebLink AboutThe Huron Expositor, 1980-11-06, Page 32-777 7r-777^.. 4 qcintitting" there 'arc told -the andience in the more fartfters in his provin- 1969!.s in SaskatelleWan there cial gevernment than there .was a significant decline are in OntariO's, Saalcatchew- the farna population, whiell"1` an Minister of Agriculture still deliVers 60 per cent of Gorden MacMurchy " said if the Saskatehewan'ecOnonlY- farm organizations feel. YOUNG FARMERS strongly pont legislation on To encourage yoling fa an issue, "they can tackle niers to go into buSines, the • the government and Sell it," governmept devised two pro - Mr. MacMurchy, speaking grains- the Land 'Bank and at a lucheoo-preSs confer- Farmstart. ence on Friday, said Ontario Linder the Land Bank farm . organizations should program, a three-member •put "pressure on govern.. independent commissien ment" try solve the absentee• buys farmland to lease back ownershipof the province's to young farmers so they can farmland., get' a start. A 'farmer, ap- He said farmeffeould also Pena-cl t-'eT'ii-i-'"-•er'nen age, can sell his farm to the Land Bank Commission to be eventually transferred to his son or to be put on the market for lease. Mr. MacMurchy said a younger farmer can lease land for five years, with an option to purchase it, or can continue to re -lease the land every five years u1'r4il.he reaches retirement. He said currently abolfl e 'million adeg of Sas - atcheyan farmland is owned by the Land- Bank Commis- sion, and 2800 farmers are leasing this land. This pro- gram has cost the Sask- atchewan government about $1.25 million and there' is now a backlog of 500 from farmers wishing to sell seek out other groups like the Chamber of Commerce, trade unions, etc., to lend 'their support to the cam- paign against absentee ownership, Tony - McQuail, second _.vice-president of th dere- don, in responding t Mr. MacMurchy, said, "I th nk in Ontario we are going to have to persuade some ther •groups to lend weight to this. issue." _Friday morning, before the noon hour press conferencsa, Huron Federation of Agricul- ture rh-erribers took Mr. Mac Mur'chy on a tour of three area farms- eon Eckert's" dairy farm north of Seaforth, • the 'Jim McIntosh farm at R.R. 4, Sdaforth and, Law- - — Fe -Flee Taylor's---eash—crop— operation near Londesboro. Following the luncheon. Mr. MacMurchy said his government was still under pressure to solve other land problems in the province, in addition to non-resident ownership of farm land. He to -the -commission, Farm estart, the govern- men„s second program. provides capital for a young farmer who wants to divers- ify his operation. Farmers with net incomes of S18.000 a year and below can qualify for loans of up to $150.000. Perth County form news Managing debt BY ART LAWSON ASSOC. AG. REP. -PAT LYNCH SOILS NO CROP SPEC. DON'T'DREAK THE LEVERAGE LEVER Leverage is a term used tO describe the use of debt to supplement your own equity In financing farm operating needs, asset replacement and business expansion. Using debt capital wisely. you can accelerate the rate of growth of your income and net worth. At the sam.e time. debt creates repayment re- quirements that contribute to financial risk. A wise bor- rower will met eMploy all his leverage, that is. borrow the maximum credit line. A re- serve of unused credit line should he maintained against unforeseen markets. emerg- encies or other opportunities that may arise. For- example if you have S250,000 total borrowing capacity and you borrow S200.000. you've used about 80% of your possible lever- age and Maintain ed a credit reserve of S50.000 to meet emergencies. The larger the reserve. the lower your financial risk be- cause the credit reserve pro- vides a financial cushion. The improvement in some commodity prices has spur- red some farmers to consider expansion or other major changes in their business. For some producers this would now be a good time to make a nurve. There are • other producers. however. who should be taking a long look at their risk position. How Poach reserve have you really got? Could vou handle your expansion if expenses took a sudden. jump a your incurne were reduced? How much credit reserve do•you need? Patience with a systematic and controlled approach to credit avoids surprises. builds credit management skills. and should result in a , Remember ' It takes but a moment to place an Ex- positor Want Ad Dial 527-0240 DRYWALL KNOWN FOR HIGH QUALffY Peter Bakos Drywall COMPLETE DRYWALL SERVICE ' 527-1398 or 527-0606 harmonious relationship with your lender. The loans .have a repayment scitedOle of up to 15 years. Mr:. MaelVIiireby said Fartn- start, is A crown corporation, ,adminiStered .by, a five -man 'eorPotation board, . PrOgrams like the Land Banke and 'Farmstart have 'helped reducethe decline in farmers from a 2 per • cent annuall-ote in , the 1966-71 period to a .6 per cent decline ,in the 1976:78 period, the minister said. . STILL PROBLEMS Even with these Programs' the ministerssaid the govern- ment still has a number 9f areas to tackle, One prOblem is farm size,and he said the government still has to ad- dress the issue of farm ownership. While non-resi- dent ownership has .been studied, , and legislation passed, there are still people speculating in farmland. fie added the government also plans to ask for legislation of the use of farmland. Mr. MacMurchy was iiked what the .age limits were for farmers involved in the program. He said there's no age cutoff, since a point system is used to decide who's most qualified for the programs -and age is one of the factors in totalling points. He said, there' is a good deal of competition for Land Bank farms and that there -are-fro-m1-0-toiefuppiteatilmis for every farm aVailable 'for lease which means "one guy is happy and .19 guys are mad!" The -minister added there is an appeal mechan- ism built in to the ,procedure but added even with that. administering the program "is. not without its political problems." Murray Cardiff. MP for Huron -Bruce. asked if more land is offered for sale than the committee !an afford to buy. Mr. MacMurchy said there is. and added while the Land Bank docs compete on the market for faims, it inakes only one offer to a farmer and doesn't bargain. He said the offer is deter- ' mined., by' the average price for farms in an area oVer the past six menths, He told federation members and the press that Land Bank also . his to compete for, govern- -mein funds with other cor- porations like Sask. Power and Saskatchewan Potash, etc. Bill Morley, Huron County reel:re, asked the minister if farmland is increasing price • in his pro:vince_Mr_._...Mae___ Murchy said land is likely increasing faster in price in Ontario than Saskatchewan. since there isn't the urban pressare in his province. In response to a question of how long non-resident owners and corporations have to divest themselves of katchewan farmland pur- chased prior to 1980, he said they must have divested themselves of the land by .1984. Mr. MacMurchy was also asked about farm machinery legislation in his province, and moie about the issue of pressuring the ,ptovincial goverwpent here :04" tackle the issues of absentee owner- ship of Huron County farm- land. THE HURON EXPOSITOR, NOVEMBER 0,21980 - A ,.SUCCESSFUL _HUNT—Pete Kling', Bill Stoll and Paul Morton show proudly the two cows and a bull moose they managed to snag on a recent hunting expedition. They gOt their positor Law ,F., . f.,a: •---.-_,Fe-, Al`FA m,---0,--- 0 , ,, 4=7, --_,..--,- 071 w- - - -r4:. 0 1 1-,''-;',--! .-' - - : ,,,--4--.; i- -, 7 -'-,------*- '4 Pr5 WITH TODAY'S VACCINE THERE'S JUST NO EXCUSE FOR GETTING MEASLES Rectntly, there's been a serious increase in the number of cases of Measles in Ontario. At a time when modern vaccines are sO readily Available, it siMply doesn't make sense for yoti,)r yt)ur Limit\ to contract such diseases. Ke(p in mind that measles can lead to serious complications mu.: pneumonia or encephalitis, which 1, intl:immation of the brain. Women of a childbearing age l't iiiIj also be sure they are immunized'against Cierman measles —a disease' that can,cause serious birth detects. Of course, yetiwan-t the peace ot nund all year round 'ot knowing you and your family are protected against disease. But what better time to take some positive action than during November, Immunization Awareness Month, by making tire you're immunized. 'While you're at it, ask your doctor or It Ncal health tinit for your copy of the new Ontario immunization record card. Let's keep Ontario healthy Ontario ' Dennis Timbrell, Minister .of Health WilFiam Davi. Premier prizes atTemagami Lake, near North Bay, or a four-day trip. (Photo by Shoveller) Action Ads PHONE DIRECT 527-0240 The Royal Canadian Legion in Seaforth and district continues The support ot the public tor the annual appeal will oe appreciay SEAFORTH _BRANCH 156, ROYAL CANADIAN LEGION . RON BEUERMAN R.V. WHITELEY Secretary CLAIR CAMPBELL Chairman, Special .Events , BILL WILBtE President Treasurer •