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The Lucknow Sentinel, 1987-03-18, Page 54Page 14A THREE STEPS To MORE PROFITABLE YIELDS Step One Your Co-op representative r. CO.OP Step Two fl Co-op Seed Cereal Grain Forage Seed Seed Corn Canola Soya Beans White Beans Step Three Co-op Fertilizer & Chemicals AGRIFINANCE® crop input financing available at competitive interest rates will show you how their Green Plan 11 computer can determine the highest economic yield for your farm. LUCKNOW DISTRICT CO-OP LUCKNOW 529-7953 II Comfort from the A heat pump moves heat from one location to another. Using this principle,. the WaterFurnaceTM System transfers heat to and from your home using the earth as an exchange medium. WaterFurnaceTMSystems supply total home heating, total home cooling and domestic hot water (optional). For each dollar spent on electricity, you receive three dollars worth of heat. ' Transform your real estate into an energy source: are,' SYSTEMS ripe MV. 01 Earth SYsteri.$ L om•Ib The ENERMARK LOAN PLAN financed by the ROYAL BANK offers interest rates below prime. In most cases, energy savings with WaterFurnace ,. Systems will be greater than finance costs. Choose the Leader in Liquid Source Heat Pumps. A system that will actually pay you to own it! QEnterMarke LOAN PLAN; The Eeenary People FINANCED BY THE TM: ROYAL DANK • Cliff's Plumbing & Heating Ltd. LUCKNOW 528-3913 Project aids farm managers "40 YEARS OF NUMBER CRUNCHING" The statement that history is only useful if we can profit from it is especially true of farm records. Effective farm managers want to be able to determine their financial position at any time. They also want a basis for evaluating where the business has been and for projecting where the business is go- ing. For 40 years, the Ontario Farm Management Analysis Project (OFMAP ) has aided farm managers in evaluating the performance and financial strength of their farms. Purpose of the Project • The OFMAP provides individual par- ticipants with a report which includes an In- come Statement, a Balance Sheet, and a detailed analysis of each of the enterprises involved in the farm operation. By averag- ing these individual reports, thereby pro- viding guidelines for standards of perfor- mance (size, productivity, efficiency, etc. ), the OFMAP allows the manager to compare individual actual performance against the performance of others in the same type of business. The whole thrust of farm financial management is to have farmers critically review their past and present performance through analysis of their records. The em- phasis is on farmer profitability and better decision making. How Farmers Participate The 1985 report has summarized the data. from 662 farms. Most agricultural represen- tatives branch staff worked with five or more individual farmers to provide • the in- formation needed. In addition, the Farm Credit Corporation provided data from many of their clientele. Incentives within the Red Meat Plan gave extra encourage- ment to beef and sheep producers to par- ticipate. In addition, participants in the On- tario Pork Industry Improvement Plan (OPIIP) are also eligible for incentives to have 1986 records analyzed. Almost 1,500 farms submitted to the 1985 project - a 25% increase over the previous year. Among the 54 counties and districts in On- tario, nearly 100 of these 1985 records were analyzed for Huron County farmers. Basis of Classification The information presented in the report is summarized and presented by types of farms and major enterprise. Records selected are based on the size of the enter- prise and the detail of information provided. Because of the significant number of farms included and because participation is voluntary as opposed to a specific random sample of farms, it is felt that the group averages are typical. However, the group averages are not necessarily representative of industry averages. The inclusion of more low equity farms (from FCC's Advisory Ser- vices Section) should be noted since they will tend to decrease the average equity from that of earlier years. Report Availability Copies of the 1985 Ontario Farm Manage- ment Analysis Project report are available from the Agricultural Office, Clinton. 1986 Farm Records Anyone with an interest in seeing "where they stand financially" is encouraged to complete the summary form available from the Agricultural Office, Clinton - January - April, 1987. Income and expense total from 1986 records are easily transferred to this simple input folder which is sent to the On- tario Ministry of Agriculture and Food and University of Guelph computer for a per- sonalized printed report and subsequent group summary. For more information about this no charge, great opportunity to learn more about what makes your farming operation tick, contact Farm Management Specialists John Bancroft (beef and swine), Brian Hall ( cash crop), Dennis Martin (dairy ), OPIIP Pork Advisor Andy Sande or Agricultural Representative Don Pullen, at the Agricultural Office, Clinton. Grants to curb erosion, run-off The Ontario Ministry of Agriculture and Food has recently announced a new pro- gram of financial assistance to help farmers with the cost of needed en- vironmental protection structures on their farms. These new grants will be a, signifi- cant additional encouragment to Huron County farmers in their efforts to reduce soil erosion and manure runoff. Also, for the first time, the grants include help with the cost of facilities to dispose of milkhouse and parlor washwater, and the cost of facilities to handle pesticides. The recently announced grant programs replace the previous Ontario Soil Conser- vation and Environmental Protection Assistance Program (OSCEPAP-I). The new program has the same name, but will be called OSCEPAP-II, Along with OSCEPAP-II, . the Ontario Ministry of the Environment is offering enhanced grants for eligible OSCEPAP-II projects in designated watersheds in Southwestern Ontario. Almost all of the County falls within the designated water- sheds. The enhanced grants apply to manure storages, milkhouse and parlor washwater disposal and to specific soil erosion structures. The soil erosion pro- jects that are eligible for enhanced grants are livestock related projects such as fenc- ing watercourses. The amount of assistance for approved erosion control projects under OSCEPAP- II is 66 2/3 percent to a maximum grant of $10,000. Erosion control projects that are eligible for an M.O.E. enhanced grant will automatically receive the additional grant. It will be calculated at 75 percent of eligible costs less the basic OSCEPAP-II grant up to a maximum additional $4,500. The amount of assistance for approved manure storages, milkhouse and parlor washwater disposal and pesticide handling facilities under OSCEPAP-II is 40 percent to a maximum grant of $7,500. ,Projects eligible for an M.O.E. enhanced grant will automatically receive the additional grant. It will be calculated at 40 percent of eligible costs less the basic OSCEPAP-II grant up to a maximum additional of $5,000. Pesticide handling facilities are not covered by the enhanced grant. Eligible grants under OSCEPAP-II are not reduced by gants previously paid under OSCEPAP-I. Everyone is starting again. with a clean slate. 'New project proposal forms are available from the Huron County office. Our goal is to have Huron County ap- plicants file a project proposal before con- ,• struction. So if you are thinking about . a project, do not hesitate to' contact the of- fice and complete a project proposal form. This is the time to make sure your pro- ject is eligible -- not after it is built. You can obtain details on all of the re- quirements for eligible projects and you. can discuss alternative solutions to pro- blems that you have by contacting the Clinton OMAF office before eerripleting your plans. Promotion in fifth year • from page 12A the lid on input costs," Scott added. "Plus, it's early enough in the season that farmers will have the best chance to get the hybrids and seed sizes they desire." Scott said farmers purchasing 10 or more units of seed or inoculant during Pioneer Days will also receive a spring jacket. Pioneer Days are open to the entire farm- ing community and held by participating Pioneer Sales Representatives.