Times-Advocate, 1983-03-30, Page 27(FARmAnc)
Financial workbooks
are now auditable
A Comprehensive financial
planning workbook now is
available to Ontario farmers.
Designed by a committee of
farm business advisors and
farm management instruc-
tors at agricultural colleges,
the workbook is based on the
credit planning package used
by banks.
With this new workbook,
farmers consolidate their
business's past performance,
determine the business's cur-
rent status and plan for the
future. And once completed,
information may be easily
transferred to the bank's
credit planning package.
"In this way, farmers in-
crease their financial •
management skills and
develop a good woiking rela-
tionship with the banks," says
Ralph Winslade, Ontario
Ministry of Agriculture and
Food (OMAF) farm business
advisor.
The workbook is also the
manual for short courses at
agricultural and community
colleges and local OMAF of-
fices. The new 4-H financial
management clubs also use
the workbook in their pro-
gram, he says.
In the workbook's first sec-
tion, an income statement
shows the past year's profits
and losses Changes in inven-
tory and accounts payable
and receivable are included to
determine true net income.
Next, all assets and liabilities
are tallied on worksheets.
This information is transfer-
red to the balance sheet to
show net worth.
The second section includes
a farm budget and cash flow
plan. Winslade says the farm
budget helps farmers project
profit or loss in advance. The
;projected income statement
is calculated by using
average prices and yields and
average weather conditions.
The cash flow plan shows
all money coming into the
business: Farm and family
living expenses, principal
payments and capital pur-
chases are deducted.From
this, a monthly cash flow plan
is devised by dividing the an-
nual income and expenses in-
to monthly portions. The
amount of loan and time re-
quired for repayment is then
calculated from this monthly
cash flow plan.
Winslade says the new
workbook is an ideal financial
planning tool, even for those
farmers who have borrowed
money but are not experien-
cing financial difficulties.
SF -still i is
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HELP BUY VAN - The R.E, Pdoley branch Legion recently donated $1,000 to help
purchase a new von for residents of Huronview. President Norm Ferguson and
treasurer Al Flynn make the cheque donation to Hurpnview administrator Wayne
Lester. Photo by Reg. McDonald
Huron Form,- Home news
ew grants for erosion
A new five year program
will be effective on April 1,
1983. It provides grants up to
50 percent of construction
costs to a maximum of $7500.
per farm for erosion control
devices and one-third the cost
• of manure storages to a max-
imum of $5,000. per farmer or
per corporation or per
partnership.
The new program is not
connected with the old one. A
farmer it; still eligible for up
to $5000. assistance for
manure storage even though
he or she may have collected
the maximum $3000.
assistance for manure
storage under the old
program.
We expect to receive ap-
plication forms and brochures
by early April.
Don Pullen
Agricultural Representative
Erosion control alternatives
I have just sat through
another one of those meetings
about soil' erosion, the kind
where we see picture after
picture of 6 foot deep.gulleys,
and eroded ditch banks and
dirty water. And again the
suggested solution seems to
be grassed waterways and in-
creased buffer strips.
I wonder whether some
people really grasp the soil
erosion problem, or whether
they are avid golfers and
want to see more fairways in
the country. But. up until a
couple of years ago, these
were the only real erosion
control measures we could.
suggest. Nothing else had
really been tried in Huron.
in just two years we've
come a long way.
Firstly, a conservation
tillage program is underway
in the County. Last year no till
corn production was
demonstrated over eight
plots. This year the no till pro-
ject is expanding, some
ridges will be formed for
ridge planting in 1984, and
other minimum tillage prac-
tices may be demonstrated.
Chisel plowing or mulch till-
ing is already common in
some townships. A few
fellows, such as Jack
McGregor in Stanley
Township, are doing a great
job of leaving residue on the
surface by conservation plow-
ing with the mouldboard.
A completely new erosion
control device was introduc-
ed in 1982. A 'wide base' ter-
race has been constructed on
the Maaskant farm in Col-
borne township with imported
technology from Iowa This
year the entire farm will he
terraced. Now Huron will
Attention Farmers
We are interested in buying your:
• Elgin Seed Oats.
• Feed Barley
• Seed Barley
• Feed Mixed Grain
• Feed Corn
• Trumpetor
For Best Prices. on Seed Grain
and Forage Seeds ,
Come In and Talk To Us
- Seed Oats - Seed Barley - Seed
Mixed Grain- Double Cut Red Clover
- Single Cut Red Clover
AC
NORTHRUP
$INO
SEEDS
OhGOLDEN HARVEST
FARM SEEDS
7 S1 Thames Road East, Exeter
FARM SEEDS
151 Exeter
Give Us a Call at 235-0770
have Iowa Technology
demonstrated in thei
backyard, where before th
only apparent solution wa
seeding down the farm.
But many farmers ar
already using, conservatio
minded farming practices
I've seen dozens and dozens()
'lift plow' waterways aroun
the county this winter. For th
cash cropper, this is very
practical and economical.
also do not see many farmers
working within centimeters o
the ditch banks as in Essex
and Kent Counties. (Thank
God our land isn't that expen
sive yet.) Farmers are leav
ing buffer strips.
, Even so, Huron County is
losing some 3.8 million dollars
of soil each year, which
works to $14.50 per acre o
row cropland.
A new grant will be in place
in April, such to help farmers
construct grass waterways,
terraces, buffer strips, etc.
This program should be taken
advantage of. But, remember
that two thirds of erosion oc-
curs on field surfaces - so
keep an eye ori Huron's con-
tinuing tillage projects.
John Heard Assistant
Agricultural Representative
Termination of farm
productivity incentive
program
Farmers wishing to apply
for assistance under this pro-
gram will have to file notice
of intent at our office by
March 31, 1983. Work must be
completed and the final ap-
plication delivered to the of-
fice by June 30, 1983.
This assistance amounted
to 40 percent of the capital
cost up to a maximum of $3000
for two different categories.
An applicant could claim up
to $3000 (less any grants
received under the 1967-79
program) for production
facilities - new structures or
structural additions, tile
drainage, silos and grain and
feed storages. The same ap-
plicant could claim a similar
ainount for a combination of
the following projects; ero-
sion control devices, manure
storages and alternative
livestock watering facilities
adjacent to water courses.
John Heard, Assistant
Agricultural Representative
Technology
•tion. Then we will arrange a
✓ time to provide credit
e budgeting guides and other
s , aids to assist with projections.
Don Pullen
e Agricultural Representative
Whole cotton seed, because
f it is high in fibre and high in
d energy, has the potential to
e improve both milk production
and butterfat test in earlylac-
f tation, high producing cows.
In one .California trial, 6.8
f pounds of cotton seed increas-
ed butter fat test from 3.7 to
4% with no change in .milk
production. Milk protein
decreased by0.15%.
Similar improvements in
fat test have been reported in
other trials. particularly
when butterfat test is depress-
ed or borderline due to other
ration components. Current-
ly, cotton seed is coming into
Ontario at approximately $300
per ton, which is significant-
ly above its estimated
nutrient value of $195 per ton,
based on Peterson's equa-
tions. Because of this, it may
only be justified for very high
producing cows subject to -
butterfat depression.
On a nutrient basis. one
kilogram of whole cotton seed
replaces approximately .38
kilogranis of 44% soybean
meal and .72 kilograms of dry
shelled corn. A complete
nutrient analysis is as
follows:
Publications available
Believe it or not, both.
Publication 75 - "Guide to
Chemical Weed Control" and
Publication 296 - "Field Crop
Recommendations" are in
good supply; at the O.M.A.F.
office. Also "Vegetable Pro-
duction Recommendations",
Publication 363 are available.
Same charge as last year
"FREE".
John heard. Assistant
Agricultural Representative
All ready for spring
planting?
Until winter started on the
first day of spring, it looked
like seeding would be
unseasonably early. Perhaps
the delay will be short and in
the long run have been
helpful. While many have
been busy servicing farm im-
plements, and obtaining seed
supplies. we hope that , were
necessary, arrangements
have been firmed up to ensure -
that money will be available
for stop planting costs.
Credit availability was tight
last spring and we have had
a lean year in the interval.
Delaying a clear understan-
ding of loan requirements
with lenders now, may cause
unnecessary anxiety when it
may be important to be out in
the field working.
The Ontario Farm Adjust-
ment Assistance Program
has a loan guarantee option.
Take your (.'ash Flow projec-
tions to your banker without
further delay. it does take
time to process applications
through hank loan depart•
ments and the Ontario Farm
Adjustment Assistance Pro-
gram Provincial decision
committee.
We would be pleased to
have anyone with an interest
call Dennis, Stan, John or i>on
at the Agricultural Office,
Clinton, for more informa-
Dry Matter
Basis
As Fed
Dry
Matter 100% ' 92%
Fat 24.3% 22.0%
Crude
Times -Advocate, March 30, 1983 Page 27
Federation announces heip
for those facing
bankrupteyPA rovince-wide service to
farmers low-cost loans and In -
help farmers facing conte stabilization. Earlier in much as we can, but we could
bankruptcy will be operating the week, Barrie presented a ' do a much better job with a
by the end of March, the brief to Ontario Treasurer larger budget.' The UFA
president of the Ontatio Frank Miller and Agriculture receives mast of its funds
Federation of Agriculture Minister Dennis Timbrell. from membership fees charg-
(OFA) announced this week. The brief pointed out that ed to the 25,500 farmers who
The Farm Financial1Advi- unless there is greater
sory Service (FFAS) will pro- government assistance and a
vide experts to assess the restructuring of farm debts,
financial state of a farm, the number of bankruptcies
come up with proposals for will continue to increase.
refinancing, establish com- Barrie said a major factor
munications between farmer in setting up the FFAS was
and creditor where they have the excellent response from
broken down and inform farmers and professionals
the farmer of his rights. The volunteering their services.
OFA has been providing ad- "The FFAS never could have
vice to farmers on an in- , been formed without this
dividual basis for months. assistance.lt's heartening to
The FFAS will integrate this see Ontario farmers standing
service into a province -wide together and helping out their
network. neighbours," Barrie said.
Time is of the essence in
helping our farmers," Presi-. Along with the FFAS, the
dent Ralph Barrie said. OFA hopes the. province and
"Every two -and -a -half days the banks will continue to
another -Ontario farmer goes work toward solutions to the
bankrupt. And with planting financial crisis facing the far -
time approaching, some ming community. The OFA is
farmers can't afford seed or also looking a
fertilizer." port for the FFAS.forfinncial sup
The OFA also wpnts "We're operating on a.
changes in provincial and shoestring budget," Barrie
federal policies to give pointed out. "We'll do as
Program adapting
metric system
The Ministry of Agriculture
and food is launching a new
program to help farmers
adapt to the metric system,
Agriculture and Food
Minister Dennis Timbrell has
announced.
"The program was
developed in response to the
confusion surrounding the
transition to metric measure-
ment, particularly in her-
bicide and pesticide spraying
programs," he told the annual
meeting of the Farm Safety
Association of Ontario in
London.
.This contusion can lead to
widespread damage to crops,
livestock, the environment
and human health," he said.
"The sooner we make the ad-
justment to the new measure,
the safer it will be."
Some of the highlights of
the comprehensive educa-
tional program include
metric factsheets, a new
brochure called Metric on the
Farm, sprayer clinics, a
metric information kit .and
new conversion ,charts in
ministry publications.
To help farmers use metric
measurements in spraying
programs this spring, the
Protein 23.6% 21.7% ministry is sponsoring
Estimated sprayer clinics in co-
TDN 92.4% 85% operation with the Canadian
Agricultural • Chemical
19.8% 18.2% Association. Miseries of 45
sprayer clinics will be con-
ducted by ministry and
23.9% 22% association staff.
.15% .14% These clinics will be
publicized in local
phorus .73% .67% newspapers, radio and televi-
Magnesium .35% 32% sion stations. A major compo -
Potassium 1.20% 1.10% nent of the program will be a
Manganese 9.5% 8.8 ppm kit consisting of factsheets,
Copper 54.6% the metric brochure and
ppm 50.2 sprayer calibration bottles,
ppm Timbrell said. The cost of this
Zinc part of the program will be
Dennis 'Martin. Associate shared by OMAF and the
Agricultural Representative Ministry of Energy. The kit
will be distributed to the
Crude
Fibre
Acid
Detergent
Fibre
Calcium
Phos -
ministry's field offices and to
sprayer clinics.
Nine regular ministry
publications, including Guide
to Chemical Weed Control,
feature new conversion
charts to determine the
amount and proportion of
chemicalsneededperacre and
per hectare. Currently all
agricultural chemicals are
available only in metric sizes.
"When in, full operation,
the metric program will offer
a sprayer calibration poster,
metric conversion tables, pro-
motional and educational
material, a vendor certifica-
tion program, herbicide
dealer workshops and in-
struction through 4-11 clubs,"
'said Timbrell.
FARMERS
PIT SHOP
RR 1 Exeter
Phone 237-.3724
For All Your •
Steel Needs - Welding -
Lathe and Milling - Por-
table Welding -
Welding Supplies Etc.
1'/4 miles North of Ex-
eter Cemetery. Watch
for Big Yellow Building.
are members • of the
federation.
Farmers looking for help
from the FFAS should contact
the UFA head office in Toron-
to at (416)485-3333.
Frank Thuss Farm Systems
SALES & SERVICE
EXETER, ONTARIO
Daytime 235-0492 Evenings 294-6152
5
REDIEMIX CONCRETE
MTC Approved
ALL TYPES OF CONCRETE WORK)
REDI-MIX CONCRETE
& FORMWORK
PRECAST PRODUCTS DEALER
McCann Redi-Mix Inc.
Dashwood, 237-3647 ,
Exeter 235-033e
MANGERS STEPS
SLATS CURBS
Announcement
Chuck Mallette is the new lumber manager at
Exeter District Co -Op. Mallette was previous-
- ly employed at the\Forest Co -Op, where he
rose from salesman to lumber division
manager in seven years.
id Shower of Tf
reS
sa
ate $
LGOMA TIB$
STARTING A SNOWMAN - The opportunities for area
youngsters to make snowmen this year have been very
scarce. Shown in action in Crediton Sundoy afternoon
are Gennette and. Christopher Waldo, T -A photo
Usborne Township Council invites
all residents to participate to a con-
test to develop a logo/crest for
Usborne township.
Sketch and colour your design on plain white
paper.
Accompany each entry with an essay briefly
outlining your choice of design.
• Put name, address and phone on entry.
- Deadline June 1st, 1983
- Prizes of $25, $20, and $15 will be given to
the top three entries.
Submit entries to:
Margaret L. Hern
Deputy Reeve
Township of Usborne
RR 1 Woodham, NOK 2A0
(Exeter) Ltd.
296 Main St. N., Exeter, Ontario -
CUSTOM MADE
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This Coupon Entitles
You,To a Further$5.
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Per. Coupon.
phone 233-0330
Toll Trim 1.400.263.4247
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NOTICE
rIOJNINO APRIL 9, 1983
shop will he• epees
Saturday wmorwlags
.,,,;`'46