The Lucknow Sentinel, 1980-04-02, Page 35cash expenses (without de- Fait 15 - 20%
predation) and subtract the ',A good manager, with an •
resulting ..figure from your adjusted gross income of
gross incofne minus livestock. $100, 00.0, would., have
annual payment in interest a regular nature. Deduct pUr- income from the pigs,' . - MANAGEMENT - Debt servicing . poor manager would have
and principal. Total the an- 'chases of a i larger dollar . * . . . , You Can rate. your man - Personal living only $15,000 to $20,000. Nat-
nual payments. Next, take amount that will be financd , Get talking with • your ad- agenlent whether you are a - Hired: and owner labour: orally, the first man' can
your total for 'cash expenses, by i separate loan. Interest is visors. right away if the in beginner with highdebt It should be'calculated as a handle 'a much 'greater: debt
and deduct the amount• for deducted from the expenses conic is less than the cash payments or an "old pro"' percent of gross incoine,. Yon load or he, can handle the
livestock purchases and int- and then added back in with' outflow. Maybe some loans with' few debts, You simply can then note your manage- same debt load with a small
erest. Then, add 'on the the debt payments: can be spread over , more volume of production, Re's deduct interest, livestdCk
purchases, and labour pay 35 - 40% keeping more out of• each ...
merits off the -total-of 'your. - 25-7-30W dollar for hiniself;-.--- -- -
Take,tvventy minutes when
your incoMe tax return is
complete to determine your
debt . repayment capacity.
First, list. your' leas . and
opposite each, put do" the
total amount, owing and the
figure for .debt payments and
Personal living, The result-
ing figure is the income you
need to meet your cash out-
flow commitments.:
Livestock purchases can be
left in if they are small and of
IS the ineome sufficient if
you sell your usual number of
-hogs on a 55c market? Where
so • you stand' with a 52c
market? If yon cash—crop,
then thi income should be
included along with the •
years. Maybe some other
source of income can make
up the shortfall. • In any
event, it's vital to take some
--action---before_the_negaii,v
leash flow eats up equity,
RATE YOUR
is the dollars that you have servicing, family living, wag-
for; es, and/or hired labour. The
•
-otally blended price now.
It'S tittle we have some
equality _among producers,'.'
Kabbes said.
He said with the new quota
exchange about to come into
operation, without the • ap-
proval of farmers, the
G.M,i'vl.B, should exhibit
some form ,of responsibility
to ensure the transition. to .
one-pool pricing is not made
impossible by Group 1.'pool
prices going too high.
He said the ()MM.&
should . be quite aware of
produders' feelings In favour
of one pool prieing, 'as many,
had attempted to voice opin-
ions during county meetings..
even though board members
present always appeared to
try to bury the question.
IF YOU,
THINK THAT
HEART ATTACK
, AND STROKE
HIT ONLY THE
OTHER FELLOW'S
FAMILY,
SUMMIT,
An outstanding newcomer
eibluehie to CO-OP
• two :rowed, rough-awned feed type
Parley
• one of the highest yielding varieties
now recommended for use in Ontario
• strong, shortstraw for a .high level of
lodging resistance
• prOduces a large plurnp kernel with
' • excellent leStweight
• high resistance to mildew, stem rust
• available only at your local CO-OP
1,411111141,4111L4t:,geiv.
Bruce
• six-rowed„ rough-awned feed barley
• excellent yield, short strong straw
• mildew7 resistant, tolerant to smut
Peguis.
• six-roWed, smooth-awned feed
barley
• medium height straw, good strength
• resistant to stem rust, smut and
mildew
--Herta
• two-rowed, rough-awned feed barley
• good yields on a medium to short
straw with medium-strong strength
• tolerant to loose smut, mildew
resistant
Sentinel
• highest yielder on the recommended
list
• strong, medium-length straw
• large bat matures medium to late in
the season
• resists lodging, crown and stem rust
• withstands aphid damage
Garry
• good yields on a medium-length
strong stra-w
• matures mid-season
• resistant to crown and stem rust
Elgin
You. Require an
Office'
and we would like
to be part of it.
__We _carry office ,equipment--_..:___. including:
*Typewriters [manual & electricj
•Calculators [Large & small]
•File cabinets [2 & 4 drawer]
•Calculators [large & small]
•File Cabinets 12 & 4 drawerl
*Ledgers and All Other Bookkeeping Supplies
•Fire Proof Vaults
•Stationery and. Papers
*Give Your Farm a Touch of Class with Printed
Envelopes and Letterheads
We Do Quality Printing -Free Estimates
Business Forms - And Much More
Oseis•••••••••••••••••••••••••••t
$epoy
tationery PriOtipg
- -
Li.JCKNOW' • • Phone 528.2919
• Open Six bays a Week
Your One Stop Stationery and Prhitini Centre
• large white seed matures earlier and
yields higher than Garry
1., short, strong straw
Cereal Mixtures Chart
.ELG I N 50% SU MNIrr 50%
ELGIN 65°/0 SUMMIT 3 5 °, 6
ELGIN 506/c4 BRUCE 50%
ELGIN 65% . BRUCE 35°/0
. ELGIN 506/0 PEGUIS 50% •
ELGIN 65% PEGUIS 85%
GARFIY 50%, HERTA 50%
GARRY 65% HERTA 35%
{: %;;"•::