Loading...
The Rural Voice, 1985-11, Page 11Are you using these RoyFarm Financial Management Services as your to greater financi control? `/ ■ Farmchek Cash Flow Monitoring ystem—provides an itemized report of monthly year to date expenses and receipts. It can help you spot potential problem areas early enough to do something about them. Now you can develop your own expense and receipt descrip- tions and get details to fit your own specific operation. • RoyFarm Financial Planning Guide—a companion guide to the RoyFarm Application for Credit—to make it easier to plan next years operation. • RoyFarm Application for Credit—a special planning form for use in preparing and analyzing next year's financial program. ■ RoyFarm Business Review—a monthly newsletter to keep you in touch with basic market trends each month.. Ask fora copy at your local hranch of the Royal bank. ■ RoyFarm Operating Loans—a revolving line of operating credit financing to meet your day to day operating needs for the year. ■ RoyFarm Term Loans—intermediate term loans to acquire needed machinery. breeding stock or major huilding construction. ■ RoyFarm Mortgage Loans—long term loans for land purchases or debt consolidation with either fixed or variable interest rates. Under both options. your paymcntsare fixed. ■ RoyFarm Creditor Life Insurance—to provide coverage for your short and intermediate term loans. • RoyFarm Mortgage Life Insurance—to provide coverage for your longer term mortgage loan. • RoyFarm Investment Options—ranging from Registered Retirement Savings Programs to short term deposit certificates and savings account. WIN A COMPUTER Come to participating branches of the Royal Bank from October 15 to November 15. 1985 to see demonstrations of the RoyFarm financial manage- ment services. including Farmchek and the RoyFarm Financial Planning Guide. You could win a business computer system. including monitor. printer. and specially developed Financial Planning software. ROYFARM Responsible banking fn -farmers ROYAL BANK farmer' and it hit me then that if you are a farmer, then you aren't ever 'us- ed to be,' you always are. I am a farmer, even though I'm not farming at the time, it's in your blood, you are a farmer." In counselling sessions, Swain says he tries to help farm families understand that farming is a way of life, it's not something "you can throw away and discard and put behind you." The other response he tries to com- bat is the farmer's sense of personal failure. "People who are losing farms are made to feel it's their own fault," he says. When he and Brenda lost their farm, he adds, about 70 per cent of farmers would have agreed with that sentiment, but as more and more farmers have been forced out of the industry, "today 1 would say that at- titude would cover (only) 30 to 35 per cent of the farmers." While it's hard for a family faced with losing their home and livelihood to see anything positive coming out of the experience, Swain says people gradually accept the loss. They have to say, "I've lost the farm, life goes on, so let's make the best of what we've got and go on ... it gives you a little more appreciation of what you've got." But this acceptance won't come at once: "different peo- ple will take different time frames for this to take place...." Because farmers have traditionally been self-reliant, Swain says it's often difficult for them to request help. Ministers in rural charges, he adds, have to be "finely tuned" to recognize distress. While ministers may be concerned about the stresses on the farming community in the past five to seven years, Swain says that if they aren't from a rural background themselves, it is more difficult for ministers to pick up on problems. Last year, the London conference of the United Church launched a series of Farm Forum meetings, held at churches around the region, where farm families could discuss their con- cerns at public gatherings. While Swain says that this program is useful, he thinks the church must do more. Although the Swains have rebuilt their lives, the experience of losing the farm still haunts them. Eugene Swain likens the experience to having a bad cut on your arm. The cut even- tually heals, but the scar remains and if you bump your arm, the scar still hurts. Brenda Swain says that when she NOVI MBFR 19Ac 9