The Huron Expositor, 1980-12-18, Page 26THE'
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BY ART LAWSON
ASSOC, AG- OP.
.1U4 ROTHNIEL
ASSOC. AG. REF.
High interest rates , and
bigh inflation rates have
idudled new interest in trad-
ing on the futures market.
Traditionally, commoditiesbave been a tool used by
investors to multiply their
money more rapidly When
safer and
more conventional
investments don't seem to be
gaining value quickly enough.
Commodity trading is very
risky but . potential returns contract can be traded by
are high. An unpredictable depositing about 10 per cent
economy and uneasy world , of its face value with a broker
situation create a commodity can be of real significance in
market which can be very these, tines of high interest
volatile. Vast amounts of rates.
money can be both made and A farmer storing corn, for
lost. example, has 100 per cent of
The fact that a commodity his investment sitting in the
grain bin. With corn selling
for near $4 per bushel at the
moment, each added month
in storage translates into
about another eight to ten
cents per bushel needed to
Borrowed capital must be
be the same net value as
used sparingly and carefully.
having cash right now.
In order to earn a return of
Several farmers have told
interest rates plus a profit,
me that they would rather
money can be -invested only
cash all of thei r corn in now
in the most productive types
of assets:Rip- priced -bre-ed,--_and,___gumble with "Pager
corn" than real corn sitting
ing stock, with a long term
in the bin. They may be
repayment, may cost too
right.
When an opportunity com-
es along that suits them, they
can theoretically "market"
any quantity of corn without
worrying about any of the
:t.s.-.tough to startfgrming,
it has probably never been -
tougher to get started in
farming than it is right now.
The rising cost of buildings,
equipment and land, races
; ahead of any young person's
- - -ability-to-save .-up -mon
Interest rates are crushing
and low equity positions are
virtually impossible to sur-
vive.
The only possible answer
for a young person without
substantial family backing to
start farming is to look at
leasing arrangements. New
equipment is virtually out of
the question. The beginner
er—daiiniit-afford to milific Thu
buying habits of the success-
ful, established farmer. Key
pieces of used equipment,
along with custom hiring of
other operations can work.
much of a premium. Returns
must be sub4tantial and as
immediate as possible.
McIGIlop• signs up
3
new F A ItX 0$1101t
The McKillop Federation
of Agriculture held a suc-
cessful membership drive
last week, gaining 30 new
members. Now 158 farmers
or over 75 per cent of the
active township farmers be-
long to the McKillop Federa-
tion.
Those taking part in the
drive from the county organi-
zation were Gerry Fortune,
Bill Fear. John Nesbit and
fieldman Bill Crawford.
The township directors
taking part were Ken Scott,
Kevin Kale, Mervin Smith.
Rob Robinson. Art Bolton,
Gordon Blanchard, Francis
Fficknell, Leon Malooey.
Tom Ryan and Francis Hunt.
1=1•111111111111111M=•••=111111MMIIIIMININIM1111,
-
FINANCIAL
MANAGEMENT
(To help you make the most from ydur
farming dollars)
Centralia College of Agricultural Technology
and area OMAF personnel in co-operation with
Canada Employment and Immigration
Commission offer this
CONTINUING EDUCATION OPPORTUNITY
in two locations
WHEN: February 3/4 (Ttiesdays9:00 o..m. • 4:00 p.m
ond Thursdays I 00 p.m. - 4:00 p.m.)
WHERE: legion Hall, Winghom
WHEN: February 4-27(Wedne3dcrys 9:00 a.m. 4 00 p m.
and Fridays 1.00 p.m - 4:00 p.m,)
WHERE: Centralia College, Huron Pork
FOR MORE INFORAMTION CONTACT:
0.M.A.F. Huron, Clinton, Ontario (519) 482-3428
0.M.A.F. Bruce. Walkerton, Ontario (519) 881-3301
C.ontinuIng Education,
Contrail° College of Agricultural. Technology
ma
0 ntsuy oi
Huron Pork, Ontario
(519) 228-6691
and Food
0 tir
.11111111111101Seerreleeell•
0 Help with that Christmas
gift search
Looking for a gift that comes once a month and
tells your friends what they need to know
about the arts in Western Ontario? Village
Squire magazine covers the music and theatre
scene along with features on interesting new
stores and craftspeople in the area. Some-
times there's fiction and history.
And every month there's a restaurant review,
a day trip, dining out and coming attraction
listings
Or maybe you know a retired farmer or
someone who's recently moved into the rural
area who'd like to keep up with the people in
farming in Western Ontario. Give them Rural
Voice for Christmas. It's a monthly magazine
for the whole farm family.
Each magazine is only $5 a year and they're
available here in Seaforth at The Huron
Expositor. We'll send a gift card in your
name.
Perhaps you need some small gifts,
stocking stuffers or a little something to take
to your Christmas season hostesses. There are
still some Huron Expositor Christmas Cook-
books left, at $1 each If you'd like we'll mail
them anywhere for another 50 cents.
Stop at The HurOn Expositor, you'll get
something for everyone on your Christmas
fist,
• practical probieins of having
to physically qiove any. The
work is ,all done by the man
and his 'Limiter over the
phone. In a few minutes any
quantity of corn can be either
bought or sold.
WHO SHOULD BE TRAD-
ING FUTURES?
Meanwhile, back in re-I-
ity, we must realize the risky
nature of trading futures
contracts, The stress of dec-
ision making and living with
the results is not for every-
one.
Bear io mind that trading
commodities is not like the
stock market. When the
stock market is moving up,
everyone can -be a winner,
Every buyer and seller can
be "right" and make good
profits.
The futures market, on the
other hand, has only one
"sure winner" and that's the
broker. He gets paid whether
you make money or lose.
Ther are two transaction with
every contract '• a 'buy 'and a
sell. The net movement of
money out of the futures
market as a whole is zero,
As I mentioned before, the
broker always wins. The next
best performers, as a group,
are the large Scale speculat-
ors and trading firms. Histor-
ically, these types of traders
are usually net winners on
the future markets.
Large speculators, as a'
group, make about twice as
much money as they lose.
Large scale hedgers, such as
feed companies and process-
ors, have also historically
fared well on the futures
. _market...__The_grsLup. as
whole, wins and loses with
equal frequency but good
management make them net
winners in terms of earnings.
The usual net losers are
the small scale hedgers and
speculators. The average
small speculator will trade in
,
the futures market ter less
than two yearS, By that tilMN
he will have lost enough
Moue!! to turn him off the
whole idea. Small speculat-
ors as a group, will lose 4
times for every time they.
Win.
Small traders come and go
at a fairly rapid pace while
the larger and more success-
ful traders will be active for
many years.
SHOULD YOU GET IN-
VOLVED OR NOT?
Don't despair! You aren't
doomed to failure just be-
cause you are small scale.,
There are some real opport-
unities for the well imformed
and careful trader. Close
must. Learning to make
charts and graphs like "the
big boys" will aid perfor-
mance.
There are several good
information letters as well as
daily market reports that can
keep a. potential trader in-
fOrtned. You should also be
aware of world Situations and
Potential - gOvernment act, -
kills, such as the 8111i1li
embargo against the Russ-
ians, which caught many
tradersOff guard.
In Perth county, we would
be interested in hearing from
anyone interested in learning
more about commodity trad-
ing. If there are sufficient
numbers of interested people
there, can be workshops ar-
ranged where professional
traders could be brought in
to teach some of their win-
ning trading strategies.
Anyone who wants to
"learn to do by doing" would
be in fOr a nideand-exrien;
sive education.
REDUCING COLIFORM
MASTITIS
To reduce the amount of
Coliform Mastitis (acute) in
your herd, the following is
suggested: (1) If you are
using sawdust as abed, ding
material, this could be
source of contamination at
the teat end. Changing to
other bedding sometimes
halts outbtealcs, (2) Provide
,
more space per cow, keep the
stable clean, (3) Use a teat
dip immediately after milk-
ing. (4) Try and lccep the cow
standing for one hour after
milking, if at all possible, to
avoid contact With the bed-
ding and allow time for the
muscle at the end of the teat
to close. (5) Wash and dry
the teats to avoid milking
cows with wet udders. (6)
Make sure that your milking
machines and milking pro-
cedures are adequate. Cha-
-rige-the inflations every 1,200 -
individual cow milkings. Any
cracks or splits in VI.: inflat-
ions could act as a reservoir
for Coliforms. Make sure the
correct pressure is exerted at
the teat end to avoid teat end
,„..damage.
:days of Specials
LET'S TALK TURKEY, .
TENDER YOUNG....
THIS WEEK'S DELI SPECIALS!
BURNS WHITE & DARK MEAT
COOKED TURKEY SLICED Ib$
2.89
SCHNEIDERS MEDIUM
ROAST BEEF
GOVERNMENT INSPECTED
UTILITY GRADE
TURKEYS
GRADE "A" FROZEN
TENDER YOUNG
TURKEYS
ALL
SIZES
ALL
SIZES
WE RESERVE THE RIGHT TO LIMIT
PURCHASES TO REASONABLE
FAMILY WEEKLY
REOUIREMENTS
SWIFTS "A" GRADE
BUTTERBALL
TURKEYS
ALL
SIZES
AVAILABLE IN LIMITED SUPPLY
615 lbs
SPECIAL TRIM AND ALL BLADE BONEREMOVED
FULLY AGED FOR TENDERNESS
CROSS CUT $ 'A"GRADE
RIB .98
ROASTS lb.
fine nutic0 01 fix bids
EXTRA FINE QUALITY 8-12 ibs.
BRETHREN $1 .9
"A" GRADE •wP
GEESE
WE CAN OFFER YOU A GOOD SELECTION OF
FRUITED HAMS, CORNISH GAME HENS
SPECIAL EUROPEAN SAUSAGES ANO COLD
MEATS, COCKTAIL SAUSAGES & WIENERS
GRADE 'A' DUCKS, SMOKED BACK BACON
OUR DELI COUNTER IS LOADED WITH SPECIAL
CHRISTMAS TREATS
GlitiCaRS25° EACH
MEAT ROLLS6
SANDWICH
REGULAR OR MAPLE FLAVOR SLICED
SCHNEIDERS $
COOKEDi's(TizE)
HAM
1 75 g PKG
500 g
PKG
CHRISTMAS HAM ( SUPER SPECIAL)
PART SKINNED
HOCK ON, SMOKED, $4,39
FULLY COOKED
A
•
HAM
SHANK
PORTION
OR WHOLE • lb
BURNS SHORT SHANK SKINLESS
SMOKED FULLY COOKED HAM= ift.68
SKINLESS SHORT SHANK 'Bun cTosn"Ailr!T`I St
SMOKED FULLY COOKED HAM -Ib
s is
SKINLESS CHOICE "CENTRE PORTION"
SMOKED FULLY COOKED HAM._ _ _lb* _
••••••
AT THE WHARF FRESH FISH SHOP
FRESii ATLANTIC -
COD FILLETS 1.49)
SCHNEIDERS HALF OR WHOLE
$
PIC -A 32 -DILLS 361.79
SCHNEIDERS SMALL LINK $4 Aro
SMOKIES 300 g i•