The Lucknow Sentinel, 1980-04-02, Page 27Third, a cash flow analysis
Is needed to determine the
amount, of operating loans
you will require to meet your
peak seasonal needs.
This information is used by
you and the bank manager to
set up realistic line-of-credit
for the.year, tailored to Your
debt handling capacity.
Lual Farms
Now Available
Grass seed, seed grain, seed corn,
chemicals, fertilizer, spreader chains $
water bowls, farm gates, pig feeders,
big round and square bale feeders,
cattle mineral feeders, cattle oilers,
animal health products, baler twine and
binder twine.
Allan Miller
R. R. 5 Lucknow
52$-2299
Ontario .Hydro hae finally Porter hae'recommended a .
been put in its place by the, joint.- planning ;process and
recommendations of the Pot- that ',,real decision-making
ter Royal, Commission on autherity "should be shared
Electric Power Planning, ae, with farmers,
cording to spokesmen for the The: Food Land. Steering
farm community,: Cernmittee is an umbrella
-m-POr-Inore-than'-'six-years-rorp-forteveirfarm...oisan,
we've been saying that Out izations iechtding the Ont-
4rie Hydro planning and de- ario Institute of Agrologtsts,
cision making is lousy," said. the Ontario Federation of
Lloyd Moore,. Chairman , of Agriculture; the Natioital
,the Food Land Steering Coin Farmers Um:in, and the
raittee. "Mod land hae been Christian Farmers Federa-
ignored ' and big Mistakes filen of °Mario.
have been made. $nt now we "It's a break through, for
have been vindicated:" .us," sais Elbert yen Donker- '
The amount of credit; re
quired to finance your farm
operation should be suffic-
ient for your. needs 'and
should be based on , your
ability to repay -the berrowed
fUnds..
• Some- farmers "finance as
they go" -- with no over-all
plan of action or commitment
of credit to meet their, fin
-ancial needs, This may result
in an "on-off" credit situa-
tion which may limit future
grewth.- -
A better way to: meet your
over-all financing neIds is
"line-of-credit" financing.
This/ method of borroWing
establishes your total farm
credit requiremeets each
year; a number of approp-
riate "credit lineS" are set
up for you, depending on
your ability to repay rather
_than being limited solely to
the amount of collateral sec-
A package of this kind of
credit„ consists of separate
authorized "lines" to prov-
ide you with operating credit
and facility to. Rurchase 'capit-
al items, such as Machinery,
breeding stock and land.
Once they are established,
i.-the; credit , lines Can be used
as you need`them throughout
the year without further
authorization. by the bank.
Until you actually borrow
or use these funds, you do
not pay interest charges.
The. credit lines are, re-
viewed each year ' iii in-
creases or decreases' are
made in accord with yotir
neeede and repayment' abil-,
ity. Obviously, since line-of
credit finaecing is geared to
YoUr ability to repay and your
track record,' it is to your
advantage borroW frOm a.
single single lender,
This type of financing lets.
you plan with more confid-.
ence since your credit eede -
have been identified for the
entire year. It also lets you
operate on a cash basis --
taking advantage Of price
discounts and special
"buy's", that may_ariSe.
lets you proceed 011 schedule
With growth or development
projects, without having to
worry whether the necessary,'
cash or credit wilLbe avail-
able.
There are four basic steps
in setting up a line-of-credit
and your _bank manager can
help you with them.
First, a budget of: next
year's operation-is required'
to estimate your probable net
farm' income and the related
debt repayment capacity.
Second, you Mist -esti-
mate your total investment
capital needs for the year,
including purchases.of mach-
inery, buildings, breeding
stock and , land.
More Ontario Hydro projects snokesmen throughent the
shOold' go:- forward '"without hearings that Hydro's for,,
the new decision-making cats,woronnrOalistic,-
pgioess being' in:placo." ' Spokesman; for the ,Huron .
Farmers were pleased that' Power Plant Committee, also
POrtor. is 'predicting a ninch *. participants, in op:ungneua
slower growth in .clectricity ' group,; were pleased. with
needs4han-Qiitarld.r.o4s,„;,:Sti,O0..,,i3Otornnignd'atiOlL,-than
Predietions in -the, past. This :Wog another •:power'-. plant
'confirms the views .of farrier gong Lake 'fittron.
sgoed, Seaetary-Treasurer
'Of the Comtnittee) and the
.Cominittee's representative
et many of . Porter's hearings
'throughout the five years• of
the ReYal Commission's life.
"Porter has taken a careful
wipole-artbevdeciekurinaking-
process of the past.and found
that concerns for food
land and of the farmiog coin-
mnitity have been igniged,
The only way to change this
is to have joint planning and
shared decision-making,
The Food Land Steering
Committee met.near Listovvel
to review the Porter report
the day after it wps teleased.
"We've agreed," said
Bert, vati Ponkersgoed, "to
seek an early meeting be-
tweet ourselves, senior Ont-
ario Hydro management and
Porter recommends that
more initiative he Jeff to
citizen representatives,
"We've decided to take
the initiative" said van Don-
kersgoed. "We want to work
out the details of this joint
planning and shared deci-
sion-making irnmediately,No
Establish single
milk standard
"Implementing a single
quality standard for all farm
Milk and farm premises must
encompass, at the same
time, one pool pricing for all
milk producers' in the prov-
ince, says Fred Kabbes,
Chairman of the 'National
Farmers Union. Dairy Com-
mittee in Ontario.
The Ontario Milk Market-
ing Board has decided on a
program which will require
all Group two e Al producers
to meet the quality standards
of the Group one pool
`producers, with complete
conversion by September 1,,
1981.
Mr. Kabbes, an Arthur,
Ontario area dairy farmer,
said he agrees there are
benefits that go along with
one pool quality, with sub..
stantial savings in 'trucking
and administration fees,
"But, after more than 14
years in operation • the'
0.M .M.B. can now ends it
discrimination of Group two
producers and accept one
price pooling for all quality
milk."
According to an O.M.M..B.
information bulletin the plan
is: commencing Fob. 1, 1980,
all milk will be required to
meet Grade A quality. re-
quirements, (less ' than
100,000 bacteria' per ml,);
commencing. Sept. 1, 1980,
the milk quality penalties
applied in the Group one pool
will become effective for the
Group 2 pool; and, commenc-
ing Sept. 1, 1981, all prod-
ucers will be required to have
farm premises that meet the
Grade A standards,
'A • great many Group 2
pool shippers already qualify
for Grade A standards, and
have for some time, there-
fore they ate entitled to a
Turn to page 11.
Now, you can use Roundup6qo
control many tough annual and
perennial weed's in forage
systems.
Now, you can actually control
many of those tough, emerged '
weeds — Weeds that aren't Only an
eyesore, but cut into your profits --
with a treatment of Roundup''her-
bicide by Monsanto.
The use of Roundup in forage
systems to control tough weeds
like quackgrass and. Canada thistle
can lead to;
• An improvement in forage
' quality;
• A reduced investment in protein
supplements
,• And, a clean, well-managed
appearance in the field,
Applied directly to actively
growing labeled weeds like 'the label -widup -- the
quackgrass and Canada thistle, at herbicide that gets to the root
the proper stage of growth, of the problem.
Roundup will "translocate" (cir-
tulate) down into the treated
weed's root system, destroying the
entire plant.
You can apply Roundup: 1) prior
to planting forage legumes and
grasses, or prior to planting a label-
ed cover crop which will be
overseeded with a forage crop; 2)
prior to emergence of zero-tillage
seeded legumes into established
sod for pasture renovation; 3) as a
spot treatment in established.
forage crops grown for seed or for
grazing.
To learn more about the use of
Roundup in forages, see your farm
chemicals dealer. Get your copy of
There's never been
a herbicide ace this before.'
Monsanto
Roundup' is a registered trademark of Monsanto Co. ' MonSanto Company 1980,
ALWAYS READ AND FOLLOW THE LABEL FOR ROUNDUP,
Monsanto Canada, Inc. Montreal, Toronto, Vancouver, Winnipeg RC5• 80