The Rural Voice, 1985-09, Page 36FARM NEWS
Use fertilizer, legumes,
for cost-effective pasture
Pasture has long been cheap feed
for cattle during grazing months.
When beef prices are as low as they
are today, farmers want to keep costs
at a minimum while still reaping max-
imum benefits from the pasture,
observes Susan Robinson, pasture
specialist, OMAF. But an investment
of time and money can multiply the
benefit of that land, she says.
Fertilizer, legumes, and pasture
management in general are tools a
farmer can work with to achieve a
cost-effective pasture. Animals in
unimproved pasture often gain 100
pounds per acre. With the addition of
phosphorous (P) and potash (K), the
gain per acre can double. Nitrogen
(N) can triple production. The addi-
tion of a legume to the pasture, such
as trefoil, can also triple gain per
acre.
The nitrogen connection
Spring usually produces the lushest
pasture, while quality is reduced dur-
ing the heat of summer. A split ap-
plication of nitrogen in September
and June will increase production in
the summer months when growth is
needed.
This year, however, nitrogen
wasn't very effective in promoting
summer growth in the Bruce County
community pasture. Because of the
lack of rain, the nitrogen wasn't ac-
tivated. Nitrogen application in the
summer has proven to be more effec-
tive in northern Ontario where there
is usually more rainfall. With the
assistance of rain, nitrogen can in-
crease production decidedly. About
60 pounds of nitrogen per acre seems
to be the turning point. If you use
more than this amount you begin to
get diminishing returns. P and K
levels must be adequate in order for
FINANCIAL MARKET TRENDS
• This report shows the fluctuations taking place in the financial market on a weekly basis from July 26 to August 23. These are
the most selective figures available in Ontario during this period.
WEEK ENDING
Guaranteed 1 yr.
Investment 3 yr.
Certificates 5 yr.
TSE:
Prime:
Inflation:
Short Term 30.59
(Days) 90-119
270-364
Dow Jones:
Bank Rate:
Gold (Cnd):
RRSP's
1 yr.
3 yr.
5 yr.
T -Bills:
US Dollar:
Cdn Dollar:
Mortgages 1 yr.
3 yr.
5 yr.
Mutual Funds 3 yr.
(Highest average 5 yr.
compound growth) 10 yr.
FINANCIAL HINT: FASTER GROWTH:
COMPARE:
RESULT:
JULY 26 AUG. 2
1985 1985
9.500%
10.750%
11.125%
+ 18.28
10.500%
4.100%
9.000%
9.000%
9.000%
+ 3.47
9.310%
$431.98
9.500%
10.500%
11.125%
9.070%
$1.351
.7400
10.000%
11.250%
11.750%
35.400%
33.800%
23.700%
9.500%
10.750%
11.125%
+ 15.46
10.500%
4.100%
9.000%
9.125%
9.125%
+ 4.82
9.330%
$439.89
9.375%
10.625%
11.125%
9.100%
$1.363
.7334
10.000%
11.250%
11.750%
36.000%
34.400%
24.300%
AUG.9 AUG.16
1985 1985
9.500%
10.750%
11.125%
-2.39
10.500%
4.100%
9.000%
9.000%
9.250%
-6.50
9.300%
$444.72
9.375%
10.625%
11.125%
9.030%
$1.361
.7342
10.000%
11.250%
11.750%
36.300%
34.900%
24.800%
Shorter compounding periods offer higher returns.
$10,000.00 invested at 12% for 5 years.
compounded semi-annually
compounded annually
_ $17.908.49
$17,623.08
$ 285.08
$285.08 more interest by compounding semi-annually.
9.750%
10.750%
11.125%
+ 15.89
10.500%
4.100%
9.000%
9.000%
9.250%
+ .78
9.300%
$452.57
9.375%
10.625%
11.125%
9.030%
$1.360
.7343
10.000%
11.250%
11.750%
36.100%
34.400%
25.000%
COMPILED BY:
AUG. 23
1985
9.500%
10.750%
11.250%
+ 2.92
10.250%
3.800%
9.000%
9.000%
9.250%
+ 5.83
9.200%
$460.12
9.375
10.750%
11.250%
8.950%
$1.355
.7376
10.0000'-
11.250%
11.750%
34.600°,0
33.900%
26.200%
ABC INVESTMENTS
53 WEST STREET
GODERICH, ONTARIO
N7A 2K5
34 THF RUR.AI VOICF