The Huron Expositor, 1974-04-04, Page 20W'
�P�l �U��I��(��'� #�� tH1�N�,�,^►:� .l�xPo;zl�ral��' . Ir ��,uss , , o,��r. •�s�r, � ....� _ •
I "■�'% .-LTDO�-ONS
W,-,G,,'.THOM-PSO-N;F�
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f
InvItle ,you' t.o an
OPEN.- HOUS'E'The staff at WC- Thompson anct 'Sons -LTD., ,Mitchell
From. .... . MO n d•a ' th t'u Sofurdayy°
W.G...'Thom'pson'Compan'
V
�
�-n I Onta rio for'50--yea rsAPRIL
..�-15'20.
i.
lMis,s a double celebration for The Hensall elevator which was John Thompson, sons ,'of, tt e
the Mitchell division of W. G. destroved by fire in December founder joined the firm and today '
Thompson and -Sons. Ltd. 1949 was replaced with enlarged head Xhe company. •
The tirm is marking the facilities on .a•• new site' and
completion of expanded facilities reopened for business in August Wesley G.Thompson was -
•
at the No. 8 Highway location in 1950. active in politics and represented T O S • t h e' r n e W O f f ' e.e
Hibbert and. at the same time In 1950 the business was the ' riding of Kent East in the
celebrating the 50th anniversary incorporated, as W.G.'Thompson Legislature from 1943 to 1948. He
of the founding of the business. and Sons 'Ltd. when Wes, and died July 25,-1968. �.... • • _
It, was in • February 1924• that
W,G.Thom.p,%rt-;-who, had been In 1970 the Mitchell operation W a r e h o u se and r e t e n g •u n i t
raised on , a farm in the was purchased from
Palmerston area, joined as Schond rw'oered Bros. and has * S
managing partner with Jack and managed by Tony Bodw,
Dave McKillop in the 'purchase �df_ Wit'"^. Furthe4ppanned
pansion of •the -
existing facilities in Blenheim. compannderway 01% year, °
Mr. Thompson at that time was S with thing of a plant at a
manager of the Merchants Bank j Grantofor lat� august.
-branch in West Lorne while the ,
McKillop brothers were ,
successful area farmers. Several
�C^' U(An sons has always r i
vears late'r'' Mr. Thompson' mairit a keen interest in
n pro"cessing an
purchased the interests of the dising hite beans. AsMcKilloY
P
the c du
w o'
y-has)grown, the latest
The firm which in theF
facilities a, d -processing � � °� � 4•
beginning had emphasized white ` ^
g g P equipment .h ve been added.
" beans and heat as well as selling
g er Recent--F-xpa Sion has included x i
�j n
V' f
coal a6d fuel continued to
l
- � corn, soyabean, fertilizers and
expand..
P other farm chemicals.
Branches were opened at Kent �'0'
Byidge and Rodnev and in 1931 at ` ' * a
Y " Hensall with George Thompson. /era Camobe'll
as manager. W.4 G.' Thompson Office Classified Ads pay dividends.
!v
OAC advises' on farm land rents
• ,
Twenty percent of all farmland may be disagreement on whether rented land. From. the,,expected ,
in Ontario is rented and operated the interest should be figured on income; you deduct the estimatedw,
by someone other than -the owner., the owner's original investment costs_ of producing these crops.
Because of the or the present market value. The remaining d ,tars would be a,
'S ,increasing amounts of capital The, following exampje the top' limif youduld pay for
required to" own rfarmland illustrates this method for cash rent. Out of these remaining
machinery ' and finance yearly determining a fair rental rate: • ' dollars: the renter must pay the'r. t •
d. rental land valued' at $400 per acre, with cash 'rent and be alld an " e a n
d' n.
farm operations, Ian allows the use of land resources 8 percent interest on investment, amount for manageme risk W� are, c°o n t' n u axp,
without the heavy investment in should -return $32 per acre. If and .,profit. In cash rental ,d
land ownership. Many farm taxes were $8 per ,acre and farm agreements, the renter' suffers all
I
owners wish either to live or retire maintenance costs $5 per acre, the effects of a crop failure. On - " • • • •
on farms and retain the land.as an then a fair cash rent would be 'the other hand, he obtains the, a!,-
investment. Through" a rental ,about $45 per acre: it must be profits from increasing crop r .,''C��'� fa��''1'es tO Serve Ou`agreement .these owners are remembered that these values returns. -- O'A
relieved of the • problems ,of will change from farm to farm as To avoid any
operating the farm. well'as with the suitability of the -misunderstandings both parties '
There are sevgral - ways of soil for' production of different should work together to arrive-at1
arriving at a fair ,cash retrtal crop's. a cash rental rate that is fair to the - fla, S tt r and b e fie r' 4
figure. The first method is to Another method of .calculating lessee and the landlord. Well -
calculate the cash rent as a a fair cash rent is to esti-mate the, prepared leases make for better
percentage of the market value of income you expect to obtain from working relationships and better °
the land. With increasing land the crops, to 'be grown on the farming, k„
p ' es it,may be difficult to agree Aw
4
r
n what the land is :worth. The
rad value must be based on its
market value as agricultural land,
not an inflated value based on
s,
urban development. When—the
market value of the land has been
determined, many owners expect
a return of 6 to 8 percent of the
market. value.
A second method of
determining land rental rates is to
consider the landlord's cost .in
owning the land. The landlord
should get enough rent td pay the
taxes, repairs to fences, drainage
}
systems, arld other maintenance
costs suctt as repairs, and
instrrance on buildings if any are
- . involved in the rental agreement.
Also, the landlord- needs fair
return on his investment. There
Ounce Of Gold
In South Africa some 2'/z tons
of rock must be processed to
produce an ounce of gold and a
sliver of silver:,
Called On The Carpet?
What can happen' if , you'Pe
always being called on the
carpet? Answer: You're -apt to
have a rug pulled out from under
, You..
..•
F
•
Somebody
Wants What
You Don't Need!
,SELL
Through
Huron
expositor ”
Clwsiifiea
Want Ad*
....., ...:,4fa<.nF+�n.-.,ypisW"'�>W+r••""a, .,, "
P to
W. G., Thom.pon. &Soms
Limifed
M itchell
on completion
of their
new facilities
� � T
CIL
C a na--d ia n
0
Industries Limited
Ingersoll Ont
N oft
' a- .! �w„ -}�.� it
9
Tony Bouw Bill Goos
See Us For r
Beans, Seed'Grain, Wheat, Seed Oats, Malting -Barley,
°- Mixed Grain, Fertilizer and Weed Sprays
Fie'e" Draws Daily
T
Free,Coffe"',e and- D
.— ,, THOMP.SON�
LTDO
Mitchell, Ont J Phone 348-8433