The Lucknow Sentinel, 1996-01-17, Page 16r
Succession
Farming is a business
and a lifestyle that has ;.
been passed down to sons.
and daughters for genera.,,
tions., To •ensure a :smooth
transition, one 'must -bal-
ance the parents' :retirem
went needs and tax impli.
cations withthe children's ..
abilit r to successfully con-
tinue the fang business.
Communication and early
planning will make the
transfer smoother and less
stressful.for everyone.
d `
OMAFRA. has el -
ay.
oped .a four-part program
to help rural people devel-
op
evelop their families
Succession Plan. A two-
part television series is
planned for Janeary and
February 1996.
Accountants, lawyers,
bankers, financial plans A
n rs, OMAFRA Business,
Management Advisors and,.
farm families share ideas
.on Succession Planning,
Watch as two families
struggle to work it out.
Between Generations
will be broadcast on: Jan.
}met
w Sentinel, Wednesday, January 17,, 1996 - Page
5
portant tool. The Bri.sseIs livestock report
21, 5:30 p.m. on CKNX
Wingham and CFPL
London; and Feb. 11 and
Feb. 18, : 10 a.in on
CKCO Kitchen r and
Georgian Bay.,.
If you tuts, the TV •
Programs, a ho..-_ e study
resource kit is 'available.,
The kit contains two
videos.- one a copy:. of the
TV series, the second sup.
pleiaentarry interviews,.
with the key players men-
'tioned above. These
experts will discuss busi-
ness transfer agreements,'
wills, marriage contracts,
tax planning, deferrals,.
capital gains, retirement
income and financing a
transfer, A new written
guide to Succession:.
Planning accompanies the
videos.
A' copy of the resource
kit may be borrowed from
the local OMAFRA. office
or , purchased for $20
including shipping and
handling. A follow up cun-
suiting service with an
OMAFRA Advisor will be
offered to discuss your
options, review your finan-
.. vial plans or help you start
with Succession Planning.
• A two-day workshop
entitled "Between
Generations" was offered
last December. If enough
people are ::interested,
another workshop can be
schedu cit in March. For
inure information, contact
the OMAFRA office at
881-330 or 1400-26
'3023.
Snowmobile Tip
Take `charge of your
machine, 'Make sure your
snowmobile gets regular
maintenance checks and
that you are aware of the
regulations and safety pre-
cautions...
The .market at Brussels
Livestock saw fed steers
and heifers selling $2 lower.
Cows' sold $2 higher. On
Thursday veal sold on a
steady trade. Lambs were
selling on a steady active
trade. On Friday stockers
were selling. steady.
Steers
Ther� were 443 steers <S on
offer selling from 84.00 to
88.00 to the high of 100.00.
Martin Metske,
Lucknow, 13, avg. 1307.
lbs., avg. 86.72 to $.9.75.
Reid Farms, Ripley, 6,
avg. 1382 lbs., avg. 76.14 to..
D. Porter, Goderich,
weighing 1285 lbs sold for.
79 -00 -
Charles Ready, St
Mary's, 7, avg. 1259 lbs.,
avg. 91.47 to 100.00. . .
W. B. APletch Co. Ltd.,
rockwooW40, avg.-1404
8
lbs,; avg. 97,00.
-Heifers
There were 255 heifers
on offer selling from 84.E
to 88.00 t4' the high of
94.25.
G. ;A. Stewart, Farms,
Steers
and
het e
sold lo
Ripley, 15, avg. 1295 lbs.,:
avg. 8392 to '84,754
Gerald Lamb, Godetich,
2, avg. 1313 lbs., avg. 71.10
to $2.25
Dale ,...
�aitinnie, Lukno�►;',
6, .avg. 1058 lbs., avg. 80.32 .
to ;81.00.:
Jean Leitch,.Godench2,
avg. 1055 lbs., avg. 81.41 to
82.5.0.
Arnold `'Lamb, Goderich,
2, avg. 1345 lbs., avg. 79.37
to 80.004
Cows
There . were 355 cows on
offer selling from 37.00 to
55.00 to the high. of 64.00.
Donald R. Scott,
Holyrood, 3, avg. 1127 lbs.,
avg. 45.10 to 53.25.
Lorne Alton;:. Auburn, 39.
avg, 1572'tbs., avg. 51.65 to
53,00,
William Dickie,
Lucknow, 3, avg. 1213 lbs,
avg. 4937 to 52.30.
Bulgy
'here were 20 bulls on
offer selling from 46.50 to.
55.00 to the high of 68.00.
Barry (!strndorf, f.
Elmwood', 1,. weighing 1845
lbs., sold for 68, 00.
Doug.'Weber. Mount
'Forest,1, weighing��0•1910
lbs., sold for 63.0,
Veal
There were 289 veal on
offer selling : Holstein 65.00
to 80 00 beef75 0� to ,.
��..� �
100..0
Rick Dow, � ow, tafi�a� 2, avg.
Staffa,
720 . lbs., . avg. 93.50 to
97.00..a
John Martin, Lucknow, Y
4, avg. 730 lbs.; avg.78.35
to 97,00.
Allan ° McKinnon,
Shallow Lake, 5, avg. 646
lbs., avg. to
g 96,00,
Lambs
Under 50 lbs., 50 - 79
lbs. 153.00 to 225.00; 80 „
94 lbs., 138,00 to 148.00.
Sheep
39,0.0 to 64.00.
Teeswater
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