The Lucknow Sentinel, 1978-01-25, Page 16•
ME SIXTEEN
THE LUCKNOW SFNTtNE14,.1UCKNQ.W, ONTARIO
A shipment of edible buckwlieat for food processing is loaded .onto a
'transport and pup at Anderson Flax Products for shipment to
Yokohama, Japan.: The carriers from. Mitsui O.S.K. Lines of Japan
were te.. be hauled. to Toronto by•„Cronin Transport, Dublin where
they would be shipped by rail to Halifax and from 'there to Japan
al card the ocean freighter, . New Jersey ,M: The 38 tons of
buckwheat.grown by area farmers were sold through a grain broker,
James Richardson and Sons in . Toronto. ,Mike Snobelen,
representative of Anderson Flax Products does not.• know the name
n..:::::k 't�'C`.n�5i>'s2t„•,:,,iZ <:;:i,'•.v:: �tii: v.......,...n.a.............,.,.,:..,...e:.,
of the Japanese purchaser. Snobelen said that the buckwheat had
been- cleaned once' to normal standard and then again to the'
standard for human consumption. A limited amount of buckwheat fs
-sold for human consumption in Ontario' through the. Toronto
Market. A: shipment in the •..fall went to Quaker Oats in
Peterborough. The Board of Grab! Commissioners are very quality.
conscious where export trade is concerned said Snobelen. Samples
are approved before shipment and a sample is .taken again from the
shipment when it is loaded to be sent for approval.
WEDNESDAY, JANUARY 25, 1978
Bean Board close to filling contracts
The Ontario Bean Producers'
Marketing Board is closer to
filling forward contracts for the
1977 crop : than was expected,
board chairman 'Lloyd Taylor of
Elgin County said. in an interview
last week.
The ..'board last fall forward -
contracted 850,000 bags (100
pounds 'each), anticipating a
'record .2.5 million -bag crop. But
heavy fall . rains .devastated the
crop and the board found 'itself
with fewer harvested beans than
it had contracted.
Taylor said 800,000 bags are
accounted for in the elevators and
another 70,000 bags have been
reported by farmers. However,
many of the beans are not top
grade . and it is expected up to
150,000 bags are not of canning.
quality.
Board°manager Charles Broad-
well of London told the Farmers'
Week at the agricultural college
in Ridgetown there are a "sub-
stantial" number of beans being
held back by farmers for planting
this spring.
"We feel there are over
100,000 .bags being held back,"
far more than the required
60,000 bags, Broadwell said,
adding that hybrid seed produc-
ers already have made available.
40,000 bags.
Broadwell said the fanners are
preventing the board from meet-
ings its contract requirements.
British canners, Ontario's larg-
est market, have agreed to accept
discoloured beans with top grade
taste and texture instead of top
grade ,white beans, Broadwell
said. The discoloured beans are
selling at a 50 -cent -per bag
discount.
Broadwell Said there is the
possibility .some customers will
refuse to 'accept anything other.
than the top grade white bean.
Michigan, Ontario's major
competitor in foreign . markets,
Green Catton Work Pants
By
1 Pair
2 Pair
4Pair
Our Reg. Price *10.95
Our Reg. Price *21.90
Our Reg. Prue *43.80
6 Pa i r OurfReg. Price *65.10
.
This Is AReal Deal While Your Size Lasts
Now $5•95
Now9l.00
NOW$2OOO
NOw '28.00
,LAICKNOW PHONE 52.11-2M•
OR'ZN MONDAY T•O SATURDAY 9 a m..� 6 p.m.
v '.Ifi.li. v •I, . N .i. ,♦
had a large crop despite poor
weather last fall, Broadwell said.,
but like Ontario has experienced
bean discolouration.
Ontario .seed prices this spring
are expected to 'run about $25 a
bag, well under;, $45 • some
producers paid in' Michigan,
Broadwell said. .
For the 1978 crop, the board is
.going to establish a two -pool
grading system because it antici-
pates some residual quality
problems, he said. The number
one pool will involve only
top -grade beans in colour, taste
and texture: The number two pool
will involve all other gradesand
will be discounted. "
arinerg...
eve banl�s
$I million
Bank loans to Ontario farmers
have doubled since 1973 and now
exceed $1 billion, the Canadian
Bankers.' Association said last
week.
In a review of banking trends in
Ontario, the ,association said farm
loans increased, by nearly $250
million or 28 percent during the
last year.
This compares with a total
increase of less than 22 percent
for all provinces of Canada during
the same period, the association
said.
Ontario accounts for about 30,
percent of the $3.58 billion in
bank farm loans across Canada, it
said. Banks provide more than
half of the credit. extended to the
farm sector.
Inother lending categories,
there was also a strong rise in
home financing. -, The banks'
residential mortgages loans in
Ontario rose by. 25 percent to
$3.81 billion from $3.04 billion
during the. 12 months.
Tonal loans to businesses in the
.province were up by about 16
percent while loans to small
businesses expanded at a rate of
19.5 percent at $2.42 billion.
Loans to . smaIl.. businesses
average about $19,000 each and
account for more that 90 percent
of all individual business loans by
the banks, the association said.
Personal loans increased to
$7.23 billion from $5.94 billion
during the 12 months.
Personal savings deposits in
Ontario rose to $18.99 billion from
$15.81 bi�Iion.
The best gains among the'
individual components of person-
als savings were in non-checqu-
able deposits, up 20 percent to
$9.40 billion, and term deposits,
which rose 31 percent. to $6.'28.
billion. " .
The figures are the latest
available from the Bank of
Canada and cover the 12 months
ended June 30, , 1977, the
association said. '
CIRSSIFIEDADS
CAnADA, fflflIfl5HOW
Exhibition Park - Toronto
iOa.m.ta6p..m.
Jan. 31 Feb. - 1, 2, 3, 1978
The largest
indoor farm equipment show
in Canada
Horse Pull Ai Sale - Feb. 1
Tractor Pull - Feb. 2 3
Aberdeen Angus Sale - Feb. 3
Ladies Program Each afternoon. - 1:30 p.m.
4
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