The Lucknow Sentinel, 1987-03-18, Page 37Pe.. 21
PARTS VALUE
OF THE MONTH
r•
IT'S CHANGE TIME!
Save now on quality filters to protect
your farm equipment, cars and trucks.
A spent filter can't trap contaminants that rob your engine of
performance and increase the risk of engine damage. It takes just a few
moments to protect your engine and there's no better time than today.
" We have a complete stock of filters for your farm equipment and
vehicles ... oil filters, fuel filters, hydraulic filters and air filters.
It's Change Time. For Better Protection. For Better Performance.
Retool now with special values on CASE IH Tillage Parts.
PR/CE BREAKER
APB11 111=
Save on SWEEPS, SHOVELS, POINTS, BLADES... .
whatever your needs!
BUY NOWT SALE ENDS MARCH31,87
CASE IH 71/2" SWEEP with bolts 4.
Cash And Carry -Minimum Quantity 25
CKER
EQUIPNi LIMITED
LUCKNOW
529-7993
HEIM
Financial
programs...
• from page 18
- Training, travel and relocation
assistance as well as self-employment
grant of up to $180 per week for up, to 26
weeks are available to eligible persons.
- Wage incentives to employees of up to
$3.50 per hour for up to 40 hours a week for
a period of up to 26 weeks is also available.
- Farmers who ceased farming between
February 26, 1986 and September 1, 1986
must apply for assistance before March 1,
1987. Those ceasing farming after
September 1, 1986, may apply up to six
months after ceasing farming or wind
down their operation no later than three
months after filing an application. Final
date is March 31, 1988.
- Application for this program should be
made through the Canada Employment
Centre,
3. Federal Farm Debt Review Act
- This review process ensures that farm
operations in financial difficulty, or ac-
tually facing a farm foreclosure situation,
have access to an impartial third -party
review of individual farm circumstances
and possible financing/refinancing op-
tions. A voluntary agreement between a
farmer and his creditor(s) for a mutally
satisfactory arrangement will be sought.
- There are two types of applications:
for an insolvent farmer and a farmer in
financial difficulty.
- Any creditor intending to foreclose on
a farmer must provide him with written
notice, at least 15 business days before tak-
ing any action, of .these intentions and
must advise him of the right to a review.
- The Act allows for a stay of pro-
ceedings for an initial 30 days and this stay
may be extended at 30 -day intervals for a
total period of up to 120 days. There is no
power to impose debt reduction.
- Application forms are available at the
Farm Credit Corporation office and at the
local offices of the Ontario. Ministry of
Agriculture and Food.
D. Term Loans
1. Ontario Young Farmer Credit Pro-
gram an ongoing program,, it provides a
guarantee to thebank on term loans far
persons under 35 years of age. Interest
rate equals prime plus 1 percent and is
floating.
2. Ontario Tile Drainage Loans -.ten-
year loans for up to 75 percent of the cost of
tile drainage at 8 percent available
through local municipal offices.
Financial Incentive
Programs
A: 1. Ontario Soil Conservation and En-
vironmental Protection Assistance Pro-
gram (OSCEPAP -H) - this is a major
thrust to reduce soil erosion and improve,
water quality. Benefits were enhanced in
January 1987. Extra staff resources have
been allocated to advisory services and
educational programs. The erosion control
grant provides up to 662/3 percent of the
eligible cost of work on approved projects
to a maximum of $10,000. A manure
storage grant is available for up to 40 per-
cent of the eligible cost of work on an ap-
proved storage project up to a maximum
of $7,500 per farm operation.
". 2. Enhanced OSCEPAP II - The enhanc-
ed Ontario Soil Conservation and En-
vironmental Protection Assistance Pro-
gram - OSCEPAP II, provides additional
financial assistance to farmers undertak-
ing soil erosion control and environmental
protection projects. Under the terms of
this program,. the Ministry of the Environ-
ment will supplement the grants paid by
the Ministry of Agriculture and Food in
certain target watersheds within the
province.
For erosion control projects the enhance-
ment will be equal to 75 percent of the eligi-
ble cost, less the basic OMAF grant, up to
Turn to page 22 •