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HomeMy WebLinkAboutThe Huron Expositor, 1983-02-02, Page 12Al2 - THE HURON EXPOSITOR, FEBRUARY 2, 1983 Farmers Ontario beet producers could be facing some tough economic times in the near future with the introduction of the Payment in Kind (PIK) program in the United States. According to Perth Federation of Agricul- ture president, Ron Christie, the program could result in cheaper production costs to American beef producers and lower market prices on American produced beef. According to Mr. Christie, the program is designed to reduce the current grain surplus in the U.S, and help strengthen the fear cheaper price on U.S. grain. The program, announced on Jan. 11, is designed to help reduce government grain surpluses through grain give-aways to farmers who take some farm acreage obt of production. Primarily hilly and rough farm land and will be taken out of production with farmers involved in the program receiving free grain 4s payment for cutting back their crop acreage. As a reolt of the program, American beef producers will be able to reduce their rk i a� `.''a a';', K:"fin .. w+x. THE BRUSSELS AGRICULTURAL Society honoured 4-H club members, presenting awards for high achievements in 1982. Rose Marie Bishop presented Scott Johnston with the Junior Showmanship Award and 1982 Fair Queen, Kathie Hulzebos presented Debbie Flynn with the Bank of Commerce Award. (Wassink photo) The market at Brussels Stockyards traded actively on a good supply of cattle. Steers sold $1.00 lower, heif- ers were steady. There were 908 cattle and 1392 pigs r Choice Steers -76.00 to Cho 79.00 with sales to 81.25. Good steers -73.00 to 76.00 One hundred and twenty - F m us input costs by utilizing conservation cover- ed land to graze cattle. The pastured cattle will free the American producers from having to purchase costly cattle feed and subsequently lower the overall cost of producing market -ready beef. According to Mr. Christie, because of these decreased costs to American producers, the North American market could see a substantial increase in cheaper beef from the U.S. in the near future. • cattle Mr. Christie explains that there are stabilization programs available on a voluntary basis to beef producers and that similar tri -party stabilization programs being discussed at the present time will involve representatives from the federal and provincial governments and local farmers. The program could be extended to other types of farming, and help farmers in meeting current and future needs on competitive basis. Groups oppose change in Perth riding boundary Organizations across Perth County are adding their sup- port to the Perth Federation of Agriculture's opposition to the proposed federal' electoral boundary changes. The federation has been active in opposing the pro- posed changes since Decem- ber when Perth MP William Jarvis asked for support in- opposing nopposing the changes. The federation has requested time to present a brief at hearings in London Feb. 18. Federation president Ron Christie said to date he has not had a confirmation of the federation's request. Last fathe Electoral nine steers consigned by Mac Willits of Wroxeter averaging. 1089 lbs. sold for an overall price of 78.74. Five steers consigned by Ken Shortreed of Walton averaging 1144 lbs. sold for 77.85. Eleven steers by Howard Martin of Brussels averaging Ralph Barrie to BY STEPHANIE LEVESQUE Ontario Federation of Ag: riculture president Ralph Barrie will meet head-on with two other agricultural leaders in St. Marys on Feb. 23. Following a series of kit- chen meetings across the county in the afternoon, Mr. Barrie will be part of a panel discussion on the current' economic crisis in agricul- ture. He will be facing deputy minister of agriculture Dun- can Allen and Dr, George Brinkman, professor of agri- culture economics at the University of Guelph. Billed as the federation's major event of the year. the panel discussion will be chair- ed by Channel 10 London farm editor Ross Daly. The open meeting is expected to Perth start at 8:30 p.m. at the St. Marys Area Arena and Com- munity Centre. The following day, Feb 24, Mr. Barrie will be in attend- ance at the Huron and Perth federations' directors semi- nar in St. Columban. Another meeting sponsor- ed by the federation will be held in Listowel on March 2 entitled credit opportunities for 1983. A representative of j36sine s Devel- k. anagrologist of the ma or banks and someone fro Farm Credit Co poration ill be on hand for a panel di cussion. Both these meeti gs follow the Perth federations annual meeting to be held s part of Perth Ag. Week in Stratford on Feb. 9. • the Federal opment B from one 1178 lbs. sold for 77.60 with his lot of 20 steers averaging 1200 lbs. selling for 77.10. A steer consigned by George Adams of Wroxeter weighing 1390 lbs. sold for 78.00 with his offering of 21 steers averaging 1288 lbs. selling for 76.90. Two steers consigned by Alex Hammond of Monkton averaging 1260 lbs. sold for 77.50. Choice Exotic Heifers - 74.00 to 78.00 with sales to 79.85. Choice Hereford Heifers - 71.00 to 74.00. Good Heifers -68.00 to 71.00. Two heifers consigned by J.P. Connell & Sons •of Palmerston averaging 1040 lbs. sold for 79.85 with their lot of 36 heifers including several hereford heifers sel- ling for an overall price of 74.60. Seventeen charolais heif- ers consigned by Ken Mc- Donald of R.R. 3. Brussels averaging 948 lbs. sold for 79.30 with his offering of 39 two-way heifers averaging 949 lbs. selling for an overall price of 78.20. A heifer consigned by George Blake of Brussels weighing lbs. sold for 79.00 wit his offering of 17 a raging lbs. heifers v g g 1114 selling for 77.80. Six heifers consigned by Elwood Fitch of Wroxeter averaging 1080 lbs. sold for g g 77.75 with his offering of 39 heifers averaging 1035 lbs. selling for an overall price of 76.00. Forty-nine hereford and black -white-faced • heifers consigned by Alex Graham of Walkerton averaging 980 lbs. sold for an overall price of 72.35. Five light heifers consign- ed by Ken Williamson of Walton averaging 980 lbs. sold for 74.35. Choice Cows -48.00 to 53.00 with sales to 55.00, Good Cows -44.00 to 48.00 Canners & Cutters -41.00 to 44.00 30 to 40 Ib. pigs traded to a high of 65.75. 40 to 50 Ib. pigs to a high of ?4.00. 50 to 601b. pigs to a high of 78.00 60 to 70 Ib. pigs to a high,pf 86.50. 70 to 80 lb. pigs to a high of 90.50. Farmers aren't bad managers, bankers tell Huron F of A About 100 farmers were -encouraged to look to the future. forget the past and work, on financial manage- ment of their farms at the Huron Federation of Agricul- ture's latest meeting. Three representatives of the banking world, Bob Mor- ris, orris, an agrologist with the Toronto -Dominion Bank in London. Dave Gowing of the 'Farm Credit Corporation in Stratford and Paul McClusker of the Federal Business De- velopment Bank in Stratford, spoke on financial manage- ment. rederation member Merle Gunby asked the banking community to accept some of the responsibility for the economic crunch faced by farmers. He is opposed to farmers being labelled as "had managers" and pointed to the financial difficulties faced by such corporations as Massev•Ferguson and Chry• sier. "1 don't think farmers as a class are had managers. 'Bad' is more the inability to cope. Farmers are more often then not ahlc to adapt." responded Mr. McClusker. Planning was emphasized by the money lenders and Mr. Gowing said to survive farm- ers should plan their credit requirements. He added farmers should avoid large capital expenditures. "1 believe you should be open and honest with all the money lenders you deal with. When the banker under- stands your particular situa- tion he is more liable to support you," commented Mr. Gowing. He continued with his thoughts on surviving. He suggested farmers he more flexible in their production techniques and take a more business -like approach in dealing with the banks. Mr. Gowing also recommended farmers ensure their debts arc properly structured. Mr. Morris presented a consolidated net worth state- ment which should he con- sidered on a daily basis. "Current assets should he greater than the liabilities but unfortunately manv are not." said Mr. Morris. The aerologist suggested 23% R.R.S.P. In a tough 1982, INDUSTRIAL GROWTH FUND was up an impressive 23.9% in asset value, dividends reinves- ted.• Over the past 10 years, the FUND has averaged 20.3% in annual compound return. • That's consistent prefor- mance. Don't wait! Call or write today to find out more about why Industrial Growth Fund is an ideal R.R.S.P. MURDO A. MACLEAN REGAL CAPITAL PLANNERS LTD. (519) 527-0814 P.O. Box 723 39 George St. N. Seaforth, Ontario NOK 1WO The Industrial (;roup of Fundi Any ore or ,y made by the DrOADOCII,9 In the Province ni Ontar,D T,mea s,trvey Dec 20 1082 any financial decisions should be made on the past, present and future of the farm opera- tion. He said when working on costs, farmers should forget the market value of the operation and focus on the actual costs of assets. "Identify all costs and either reduce them or get rid of them altogether," said Mr. Morris. He encouraged farmers to have a wide source of market information which would pro- vide more ,correct informa• tion. "When a farmer blames bad advice for his situation, he is publicly stating he hasn't done his homework," commented Mr. Morris. When a business is run- ning into difficulty, Mr. Mor- ris suggested non-farm items should he gotten rid of. and proceeds used for current liabilities. Surplus farm items should he sold, possibly even land, said Mr. Morris. The next step is to reduce inven- tory. then go over past records and possibly re- structure debts, "Determine your credit Boundaries Commission tor Ontario released the pro- posed changes for federal ridings in the province. In Perth the changes would have the north end of the county, including Listowel, Milverton and the townships of Elma, Wallace and Mornington, be- come part of the federal riding of Huron while the remainder of the county would become a federal rid- ing with townships from Oxford and Middlesex. At a special meeting on Saturday afternoon .fan. 22 at Mitchell District High School, 'five federation members and two interested parties gather- ed to go over the brief to be presented at the hearings. Points were added and others tightened up with the end result a list of seven reasons why the federation opposes the boundary changes. They include: the Importance of Perth remain- ing intact as a historical tradition; the county is one of the finest agriculture count- ies in Ontario being number one in pork production, num- ber two in white bean produc-, tion, second only by a small margin in dairy production; the county is primarily rural with very little urban pres- worthiness before you ask for more credit," said Mr. Mor- ris, The Toronto -Dominion agrologist concluded by stat- ing he has more optimism this year for farmers than the past five years. Mr. McClusker empha- sized the importance of a financial statement. The key to success is cash flow, suggested Mr. McClusker. "Farmers have to have a cash cushion to ensure their economic survival," he noted. He said the cash flow , should be done on a regular monthly basis which would show the farm's progress year after year. "In order to cope with the possibility of failure, you have to see it coming," noted Mr. McClusker. Each speaker suggested farmers take management courses and follow market trends in the financial sec- tions of newspapers. Mr. Morris suggested even the Wall Street Journal would be of benefit to Canadian farm- ers. sure or problems; the costs relating to adding new fed- eral ridings, the effectiveness of working with one federal member of parliament as opposed to two; the fear of division of the county leading to similar severences at the provincial level and a loss of . county structure leading to regional government and a- long the same lines leading to continued severences at the federal level; and another concern that with rural repre- sentation already weak in the House of Commons, further divisions would weaken it even more. Mr. Christie listed the agriculture groups support- ing the federation which include the Perth White Bean association, Pork Producers, Plowmen's Association, Milk Committee, Soil and . Crop Improvement Association, Cattlemen's Association and the Holstein Breeders' Asso- ciation Leo Kroo- nen of Dublin h as received verbal support from the Dub- lin Parent-Teacher Associa- tion, Dublin Lions Club and the police village trustees. Mr. Christie expects more letters of support prior to the federation's presentation of its brief on Feb. 18. OFA restructuring -is Feb. 3 meeting topic The Huron County Federa- tion of Agriculture's monthly meeting will be held on Feb. 3, 1983 at 8:00 p.m. sharp. The location this month, will be the Londesboro Commun- ity Hall (upstairs) across from the Hullett Public School, A presentation `of.the Pre- liminary workipipaper on a, restructuring Of ttie OFA, will be brought to this meeting. A chance to discuss and quest- ion this paper will be given. Also. a representative from Ontario Motor Vehicle Fuel Tax Department will be pre- sent. He will speak and answer questions about the use of dye in diesel fuel and any other questions'on filing for fuel tax rebate. Are you. over 60 - or turning 71? before December 31, 1983 if you are, and wish to secure a lifetime income from RRSP or are interested in other 5 year investments at very competitive rates, call: gArnold J. Stinnisen 117 Goderich St. East, Seaforth 527-0410 Snlifle ,ore You controlling Your Lire Insurance or is Your Lire Insurance controlling you? ASK YOURSELF THIS QUESTION: Are you paying too much for too little coverage? (Example -a 30 -year old male smoker can have $100,000 coverage for $15.29 per month) Discounts for non-smokers. IF YOUR ANSWER TO THIS QUESTION IS "YES",CONTACT US FOR THE ALTERNATIVE: "The Choice is Yours" MURDO A. MACLEAN REGAL CAPITAL PLANNERS LTD. Seaforth 39 George St. North P.O. 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