The Rural Voice, 1987-01, Page 48ESTABLISHED 1880
1111rmosa mutual,
instolmc¢ co*
forvriosolontztrio
NOG 1 WO
Specializing in Farm Insurance
Loss Prevention Service
BROKERS/AGENTS
Cardiff & Mulvey Insurance Ltd.
Brussels
Chatsworth Insurance Brokers Limited
Chatsworth
Chesley-Tara Insurance Brokers Limited
Chesley 363-3436 Tara
Cowling & Kearns Insurance Brokers Limited
Meatord
Lyle Crockford & Son
Dundalk 923-2313 Tara
Davis & McLay Insurance Brokers Limited
Lion's Head
Paisley
Port Elgin
James Hope Insurance Broker
H.E. Janke Insurance Brokers Limited
Gerry Karl Insurance Broker
Mildmay 367-2713 Clifford
Keil Insurance Brokers Limited
Wingham 357-2636 Gorrie
Jack Lambertus Insurance Broker Limited
Walkerton
Ripley
A. Cameron MacAuley
Mather & Vincent lnsurance Brokers
Port Elgin
McDonagh Insurance Broker Ltd.
Lucknow 528-3423 Teeswater
Craig, McDonald & Reddon Insurance Brokers Limited
Formosa 367-2197 Mildmay 367-2297 Walkerton
Middleton's Insurance Brokerage
Chesley 363-3162 Wiarton
Miller Insurance Brokers Inc.
Kincardine 396-3465 Ripley 395-2661 Owen Sound
Percy Morris Insurance Broker Limited
Owen Sound
Chepstow
Owen Sound
Allenford
Carl Morris Insurance Agency
Elwood Moore Insurance Broker Limited
James Shirreff Insurance Broker
Don Threndyle Insurance
Elmwood
Wagner Insurance Agency
Chesley
887-6100
794-2870
934-2250
538-1350
934-2082
793-3322
353-5200
832-6961
327-8025
335-3525
881-0480
395-5112
832-2093
392-6200
881-2701
534-3333
376-0590
376-2666
366-2714
376-1333
934-2181
881-1697
363-2962
DIRECTOR / ADJUSTER
Lorne Robinson, R. R. 2, Kincardine 396-8045
John Clancy, R.R. 1, Chepstow 881.2075
Len Metcalfe, Mildmay 367-2791
Jack Cumming, R.R. 2, Dobbinton 353-5556
Charles Kelly, Port Elgin 832-9334
Ron Lipsett, R.R.1, Annan 376-6722
All claims should be reported promptly 1-800-265-3020
to the representative in your area or to the
Head Office In Formosa
44 THE RURAL VOICE
RURAL LIVING
A HARD LOOK AT
FAMILY SPENDING
Do you really know what your
living expenses are? A look at the
following study of family living ex-
penditures of Iowa farm families may
prompt you to keep track of yours.
CASH EXPENSES FOR LIVING
Food purchased 3,667
Clothing and
personal items 2,169
Household operations 1,562
Health 394
Recreation, vacation 1,995
Education 789
Giving 409
Auto operating expenses 1,995
Miscellaneous, childcare 1,502
Total Cash Living Expenses 14.482
INVESTMENT FOR LIVING
Home improvement
Home furnishing
and equipment
Automobile purchase
Life insurance
Total Cash Expenditures
184
490
338
1,208
16.702
Farm product used
(at market value, represents
a decrease in cash income) 367
TOTAL USED
FOR LIVING 17.069
The average net farm income was
$11,232.
The average off -farm income was
$4,088
These families, on average, had to
make up $1,749 more cash than they
generated in 1985. That is, when they
added their net farm income and their
off -farm income, they had $15,320.
That had to meet $17,069 of expenses
(or almost, as it probably didn't cost
quite $367 cash to produce $367 worth
of farm produce).
This money most likely came
from:
° reduction in inventories
° liquidation of fixed assets
° increased borrowing
° depreciation (not replacing capital
items when necessary).
Over the long run, equity is being
eroded significantly. And many people
don't know this is happening because
it happens so gradually.
Keeping track of your household