The Rural Voice, 1979-05, Page 34money alone was coming into our Country
as an investment, further inflating land
prices. and making that land unavailable to
Ontario farmers.
Agreement with Professor Lane was
expressed that it was still possible for a
young man to get started in farming if he
was willing to work hard, that it was just as
hard for farmers to get started years ago.
Corn, soybeans
should stay high
analyst says
Corn and soybean prices should remain
high, if forecasts on the 1979 crop and
world markets hold.
This was the message delivered by
Victor DeMayo, a Continental Grain Co.
analyst from New York who spoke at a
seminar in Dashwood recently.
He told the audience that American
prices, which are the basis of Ontario
prices, are running just over $2.50 a
bushel for corn and about $7.50 a bushel
for soybeans.
Mr. DeMayo predicted if there is a
slightly smaller soybean crop than has
been forecast, then soybeans could be
selling at the $9-$10 a bushel level by the
end of the year.
The analyst also sees U.S. corn prices
likely rising to $3 a bushel or higher if there
are problems with the 1979 crop yields, and
these higher prices would result despite
large carryovers of corn from the 1978
crop.
The analyst said world surpluses of corn
and soybeans are the result of North
American supplies, but he said world
demand is strong in both commodities and
due to the devalued American and Cana-
dian dollar, North American prices are
attractive to export buyers.
He said soybeans are particularly cheap
in the currencies of West Germany, the
Netherlands and Japan which are all good
export markets for the product.
The analyst said North American farm-
ers are expected to shift some acreages
from corn to soybeans because of the
continuing high price prospects for the
soybeans, soy meal and soy oil. This year
Russia is importing soybean oil for the first
time due to their poor 1978 sunflower seed
crop.
The analyst also predicted that with the
U.S. recognition of China, soybean exports
to that country could also increase.
Jean Witgen of Chicago, a senior analyst
with ContiCommodity Services Inc. told the
audience that hedging some of their crop
on the futures market ,:an assure farmers a
minimumprice or more and allow them to
better plan their production.
"There's been a lot of talk in recent
years about the small farmers getting
squeezed out by large corporate farms,"
she said. "The futures market protects
producers from rapid changes in future
prices. If you hedge it helps you lock in a
price on your crop."
More compensation
when cattle destroyed
Farmers whose cattle must be destroyed
due to brucellosis or tuberculosis will
receive a higher compensation in the
future.
Agriculture Minister Eugene Whelan
announced compensation for grade beef
cattle ordered destroyed will be increased
to $800 a head from $650 a head and
compensation for purebred beef cattle will
go up $1,100 from $900.
Grade dairy cattle ordered destroyed will
now bring $1,100 a head; purebred dairy
cattle, 51,600.
When the cattle are ordered destroyed
by the government they are sent to a
federally -inspected slaughter house and
the farmer is paid for the meat value of the
animal.
The diseases don't affect the meat.
The agriculture department then makes
up the difference between the carcass
value of the animal and its market value up
Winthrop
GENERAL STORE
Open Mon. -Sat. till 9:00 P.M.
Grocery & Hardware
Work Boots
- Rubber Boots
CEDAR POSTS
FENCE SUPPLIES
45 Gal. Steel Barrels
-Gas-
DOUG & GAIL SCHROEDER
527-1247
Announcing
Change of Ownership
Jim Armstrong Sprays of Wingham is now
being operated by
Aart de Vos R.R.1 Bluevale
A Guelph graduate I have been a District Sale s Manaeer for a Seed
and Chemical Company for 3 years and operate our own farm.
We offer the same personal service and advice to select the right
herbicide for your weed problems whatever crops you grow.
This spring CHECK OUR PRICES before you buy.
Special prices on early ordered
bulk liquid atrazine.
W ajkerto°
Listowel
1
a�4County Rd. 12
Brussels
Aart de Vos �. d*
R.R. 1 Bluevale
Located 1' North of #87 Hwy. between
Wroxeter & Bluevale 335-3093
JIM
ARMSTRONG
THE RURAL VOICE/MAY 1979 PG. 33
r