The Brussels Post, 1981-03-11, Page 6three limits had been set.
The total plan limit is $5,000;
$500 limit on the drug plan
and a $1,000 limit on nursing
care per family per year. The
company is also picking up
unsatisfied claims prior to
February 9 and members are
allowed to sign up anytime.
WEDDING INVITATIONS
THE HURON EXPOSITOR
PHONE 527-0240
SEAFORTH
ROTH
FOOD MARKET
SEAFORTH EVERY WEDNESDAY
IS SENIOR CITIZENS
DAY! 5% DISCOUNT
ON ORDER OR FREE
DELIVERY.
KNECHTEL
REGULAR
GROUND BEEF
1.79 LB.
FRESH
BEEF LIVER
.89
KNECHTEL
STORE HOURS:
MON. TUES. & WED. 9.6 P.M.
THURS. & FRI. 9.9 P.M.
SATURDAY 9-6 P.M.
WE RESERVE THE RIGHT
TO LIMIT QUANTITIES
CUT FROM CAN.
GRADE "A" BEEF
BLADE OR SHORT RIB
ROASTS
1.49 ,,
TENDER CROSS CUT
1.79.
SCHNEIDERS
WIENERS
1 lb. Pkg.
1.59
SUPERSAVERS
BLUE BONNET
MARGARINE
3 lb. Pkg.
1.99
CHASE & SANBORN
GROUND COFFEE
2.59
CARNATION
COFFEE MATE
500 Gr. Jar
1.69
MCCAIN
PIZZAS
Pepperoni 14 oz.
Deluxe - 15 oz.
Supreme - 17 oz.
1.59
SCHNEIDERS
SANDWICH
ROLLS 250 GR, •69
SCHNEIDERS
HEAD
CHEESE
375 GR. BOWLS
1.39
AGREE
SHAMPOO 350 ml 2.49
H1GHLINER
Fish Sticks or in Batter
TURBOT 14F Z: 1.89
WESTONS CRUSTY
24 oz. Loaf
VIENNA BREAD .69
WESTONS PLAIN
ENGLISH en
MUFFINS Pkg. of 8
SWARTZ
MUSTARD 24 oz. .79
PROD. USA CAN. NO. 1
FRESH FROM FLORIDA
JUICE
ORANGES
a99 Doz.
PROD. USA CAN. NO. 1
FRESH
BROCCOLI
.88 Bunch
ONT. GROWN FANCY
RED DELICIOUS APPLES
ONT. GROWN NO. 1
COOKING
ONIONS
2 lb. Bag
.69
PROD. USA. CAN. NO. 1
FRESH, TENDER
ASPARAGUS
89 Bunch
.99 GRADE
3 lb. Bag
6 — THE BRUSSELS POST, MARCH 11, 1981
Money key topic of young farmers
4-H clubs and help has been
solicited from environmental
science teachers at the God,
erich high school as well as
Len McGregor from the
Ministry of Agriculture and
Food.
The club would be involv-
ed in studies of topsoil and
water management as well as
bushlot and wildlife manage-
ment. Mr. Hanna has noticed
a decline in native woods and
BY RHEA HAMILTON
Young farmers face the
same problem as other bus-
iness people starting out:
money.
Finance was the key topic
for a panel discussion at the
Huron Federation of Agricul-
ture Thursday evening in
Blyth.
Young farmers approach-
ing a banker for funding
must be prepared to discuss
past, present and future
plans. Bill Bearss of the
Royal Bank pointed out that
the younger the farmer, the
greater the risk for the bank.
Although many resent the
questions asked, Mr. Bearss
said questioning is propor-
tionate to the amount of cash
requested and the risk invol-
ved.
When requests for loans
are evaluated, the character
of the one making the
request as well as their
capacity to repay and col-
lateral provided all play a
major part.
"Bankers like to see a
good balance of all three
points with character playing
a strong part," said Mr.
Bearss.
Be prepared to produce
budget plans, cash flow
information and future pre-
dictions such as price of
commodity, he told the F of
A audience. The farmer has
to be able to regenerate
enough to repay the loan and
this information should help
the banker in making a
decision.
Other records deemed im-
portant are rate of gain or
yield records.
Mr. Bearss noted that a
balance sheet is important
and that a positive net worth
has to be recorded. The
current debt should be bal-
anced by short term assets.
He also warned that the debt
on equipment should not
exceed the value. Often
farmers are still making
payments when the equip-
ment is devalued below the
amount left owing.
"The one thing that makes
farming so attractive con-
tT'butes to its failure," Bill
Gunn an. accountant with
Price Waterhouse said.
People who farm enjoy the
fact that they don't have to
work indoors at a desk. They
also see improved production
in the barn or the field as the
way to solve problems.
Mr. Gunn has observed a
weakness - the farm manage-
ment business. The general
approach is tied to the work
ethic that a farmer will
borrow more, to buy more, to
farm better.
This lack of sound financial
management is shared with
all small businesses, Mr.
Gunn said.
NOT ACCURATE
"Most farmers do not
make accurate financial pro-
gress reports," Mr. Gunn
said.
Farmers have to change
the emphasis from product-
ion reports to financial start-
ing with comparative bud-
gets for the beginning and
the end of the year.
Mr. Gunn also pointed out
that well-meaning bankers
are providing money without
enough financial informa-
tion. Accountants did not
escape cOthenerit, as Mr.
Gunn said cowardly account-
ants are afraid to give the
service and charge them
(farmers) for it. Accountants
are overworked in the spring
when the farmer arrives with
a shoebox of receipts and
records and only ther mini-
mum of work is received.
But, Mr. Gunn added, ac-
countants can do a lot for the
farmer if he is willing to
check out the benefits.
It all comes down to time.
The concept of simple ac-
counting or a bookkeeping
system is not difficult but
there is a demand on time,
Mr. Gunn said.
On the matter of control,
ling assets Mr. Gunn felt that ,
a look at individual cases
would be required.
Young farmers got a word
of encouragement from Art
Lawson of the Perth office of
the Ministry of Agriculture.
To succeed farmers now
need both experience and
education as well as money.
"Faced with high rate of
inflation it makes it more
expensive to get in (to
farming) but if you arc really
serious you have to take the
plunge sometime," Mr. Law-
son said.
EACH IS UNIQUE
When investing in your
ftiture each case is unique.
Mr. Lawson pointed out that
if your money is tied up in
livestock only 10 to 15 per
cent could be making money.
That is one of the major
things to consider, he said,
how much money is tied up
in areas not making money.
"You have to be cold
hearted and objective when
assessing what to own," Mr.
Lawons said. Farmers may
want to have minimum
equipment like sprayers so
that they can control when
they want that work done.
Some solutions that work
are syndication of equipment
where a group of farmers
share ownership of a p ie ce of
equipment.
Finally Mr. Lawson noted
that there is an alternative to
the family-oriented farm and
that young farmers will have
to start elsewhere. Although
land values arc high in
Huron, there arc other op-
portunities in the province.
The final word was from
Lorne Luther, a farmer from
the Lucknow area and mem-
ber of the National Farriers'
Union.
Mr. Luther outlined the
advantages of the Saskat-
chewan land bank commis-
sion and suggested that a
similar program would be
beneficial to farmers here in
Ontario.
Mr. Luther told the group
that getting into farming
today is no harder than when
he was younger.
"You can go broke in one
year, whereas we could go
broke in three or four years"
Mr. Luther said.
INFLATED PRICES
The panel fielded quest-
ions from Me audience
which included matter of
inflated land prices in Huron
county. The panel agreed
that foteign investors are
only paying the going price
of land and are not falsely
inflating the price. The real
inflation occurs when two
farmers will compete for the
same piece of land and
inflate the price.
All agreed that land is a
good investment but caatibii-
ed that young farmers should
start small and avoid the
flashy equipment.
IA Other business Ray
Hanna of Auburn approach.
ed the group looking for
support for a proposed -con-
servation club. It would be
Wei in co-operation with the
would like to see a bush lot
cultivated.
It would be open to the age
group of 11 to 18.
John Nesbitt, chairman of
the county insurance com-
mittee, informed members
that the Co-operator will be
taking over existing insur-
ance program with few
changes. The cost of $63 per
family or $26 for singles
would remain the same but
STORE SLICED
COOKED
HAM: 1 /2 11.1.09
SCHNEIDERS 10 VARIETIES
COLD
MEATS %GI!. • 69
SCHNEIDERS
POLISH
SAUSAGE 1.89
LB.
SCHNEIDERS OLD
FASHIONED
HAMS
3.49
LB.
HEINZ
Strained Fruit & Veg.
BABY FOOD
4 1/2 oz. Jars
4/1.00
FROZEN LAMB
SHOULDER
CHOPS 1.59..
FROZEN LAMB
SHOULDER
ROASTS 1.39 LB.
RED ROSE O.P.
TEA BAGS
Pkg. of 60
1.55
CHRISTIE'S
Oreo or Chips Ahoy 4 4 rh
E.D.
COOKIES 450 Gr. L LV
SMITH
Apple or
Raisin
PIE FILL 19 oz. Tin 1 n 09
BEEHIVE 1 litre
CORN SYRUP 1.49
LIPTON Chicken Noodle .
SOUP 2'S-120 Gr. .69
wSOIZALIORD AIR 2 oz.
FRESHENERS 1.19