The Lucknow Sentinel, 1996-03-13, Page 80b 0 1 •b tat .0 to ar. cr.0-
hew was k uwwn as
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getaleg 1
ilatins j
nth�tL)
yelled 'at le
. Q
'
ak.e additional
from page 22A
(hark or trust company) a them
choice, The reason: beteg all
producers earn u 3 per cent
interest bonus over and above
90 per cent of the 90 -day T-bill
rate if you have the money.in
the CRP. If the money is in a�
'participating financial institu-
tion, you get that rate plus 3 per
cent. More than that however*
many banks and trust 'compa-
nies are offering* x les if you
transfer, others are waiving serer
vice,. charges or offering prefer-
ential interest rates . on your
other loans.
As for aeeess to the fund,
Oke outlined two methods,.` a
stabilization trigger'- the pre-
ferred, choice a and a minimum
income trigger. With .the. first,
You haveaccess tothe fonds if
you reach what is known as a
gross margin (Net Sales minusu
s
eligible
expenses, calculated on
a five year average). The sec-
ond, less -desired option is for a
farmer with a 'disastrous year:
$10,00(1, for full-time farmer or
$20, per famiiy..
Summing-up his presentation.
with a list of recommendations,.
eke urxtd producers to maxi-
mize their 3.per cent matchable
N I .A: deposit first to maximize
'the matching government con-
tribution. lie their suggested'
farmers also contribute their
maximum amount' to au RRSP
since -those deposits aren't Sub-
ject to the withdrawal resale-
tions-that
estyle-tions-that NM imposes, -Once
these :steps have' been. taken
Oke recommendedproducers
consider.payingdown farm.
load mortgages, make an
unmatched NISA. depositand
consider the more conventional
:Savings options. such as term
deposits, IC's and., mutual
:funds
As the final pitch, he also
gave NISA's toll-free number ,.
�...li. , 130(1 bbSM�TiS�, (6472). *ititer
est rates given were those listed
ate`
a the time of Oke's Presentation
p .
(Feb. 23/96). Current ratesy
may
differ,
:margin C Options
A demand from the clearing
house, through the broker for
additional cash funds frond .the
trader because of an- adverse.
price movement:
AWLEY
WORKING WITH ACRl�I
Po/FAX, (519) 364-8837
TOLL FREE: 1800-287-9553
!L T URE
FULL T.SERVICE •
FUNCTIONAL BUILDING LAYOUTS
STRUCTURAL. DESIGN & ANALYSIS
MANURE HANDLING SYSTEM DESIGN
ASSISTANCE IN BUDGET -PREPARATION
CONSTRUCTION MANAGEMENT AVAILABLE
COMPUJER DESIGN & DRAFTING
A contract that.gives:: the
a h right
.seller the option buyer�or s
to buy or sell the underlying.
futures contract atthe strike
price on or before the expiration
date.
Farm Pi**os $ 1464-Pa43A'
STARTER
CULTURE•
SILMIRTIVIE hay inoculant is heat
stabilized, so you don't have: to keep
it :frozen or even refrigerated; That
not only makes it more convenient,
but
a iovvs�tia P,:rne sbillionslons
of acid
prqdu in bacteria towork longer at higher
q
temperatures and` moistures.
S -PRIMA is non -corrosive for .your :safety, and .it
won't. rust your equipment, arid..there are no palatability
probies
BILA -PRIME is proVen in research .:trialsand on
hundreds of North American farms .for over a :.decade to
savey ou nutrients and money .
.,
aI 1�Eis economical,. c sting far lessthan, , anyY ..
acid products and if you order before May. lath we will
install; or tuneup your applicator at no charge,.
cALL i a
1-800-965-9127
. -i.19-493-5770
The .in,, oculent Specialists
ASK Amur ouR CUSTOM OPTOR DISCOUNTS
a Pri
INOCULANT
1410 Th:c'11
(•ui �Ull lit (i1
Alt your BUILDJNG LUMBER needs
HARDWARE for farm, 'commercial,
residential- uses '
PLUMBING and ELECTRICAL
supplies.
POWER TOMS: and HAND TOOLS
KITCHEN and BATHROOM cabinets
and vanities.
CARPETING and HARD SURFACE
fiaoring
Mason WINDOW 5 and DOORS
OPEN. ,
Monday, to f•tidajy 8 am - 5:30 pni
Saturdays 8 arts, 4 pm
BAYFI D -R
'CLINTON