The Goderich Signal-Star, 1987-03-18, Page 52Page BA
Bank releases commodity forecast at meeting
• from page 7A
years we'll be importing all our food into
this countrv.' he said in conclusion. --If we
destroy the soil, the soil will destroy us
The other panelists for the meeting includ-
ed Lindsay Barfoot, vice-president,
agriculture for the bank. Kenneth • Sum-
mers, vice-president and district executive
of the bank and Randal Goodfellow.
agrologist for the bank.
All of these speakers stressed that there is
a future for agriculture in Canada and the
market will grow. They pointed out that in
order to maintain their share of the market
Canadian farmers will have to be very com-
petitive and keep on top of modern policies
and technologies.
The chairman for the meeting. Linus
Kuntz, summed up these ideas when he
stated. -Farmers are seeking the com-
petitive edge. Today'ssuccessful farmer ex-
plores the possibilities, looks for the com-
petitive advantage, sets goals and objec-
tives, develops a strategy and seeks the
edge to ensure success. This is the essence
of today's farmer."
The Bank of Montreal also released a
commodity forecast summary for 1987 at
the meeting_
It predicts that with the large global sup;
plies and continued production. Canadian
crop prices wui remain under pressure in
1987-88.
- --Corn plantings in 1987 are expected to in
crease five per cent to 3.5 -million acres in
response W increased feeding activities, the
countervail action against United States im-
ports and less burdensome stocks," noted
the report.
According to the report, oilseeds will pro-
vide the best cash crop prospects of major
crops -in 1987.
On the meat market Canadian feeder
steer calf prices are -expected to remain
strong, with Calgary prices averaging
$106/cwt, which is up seven per cent from
the 1986 level.
Slaughter prices will also be high due to a
five to six per cent reduction in U.S. and
Canadian cattle slaughter.
"-Outlook for hogs continues to suggest
relatively strong slaughter prices, with
Canadian prices supported by low U.S. pork
production and strong U.S. prices," the
report revealed.
In. the dairy market industrial milk target
returns are expected to remain at $46-30/HL
until at least August. The report suggested
that the increased consumption of low-fat
milk will cdntinue. as will the upward trend
-in sales of cottage cheese, yogurt and
specialty cheeses.
On the last subject,. poultry, the report
stated, '•Lower producer prices will
-generate relatively- low retail price in-
creases for poultry compared with beef and
pork. Consequently domestic demand is .ex-
pected to remain strong for poultry." •
Pioneer has new alfalfa variety
A new alfalfa varieyt with moderate
resistance to verticillium wilt has been in-
troduced by Pioneer Hi -Bred Limited of
Chatham, Ontario.
-'Of all varieties on the Canadian alfalfa
market, Pioneer (R ) variety 5444 has the
highestetevel of verticillium wilt resistance
available," says Tim Welbanks, agronomy
services manager for Pioneer.
5444 also has excellent tolerance to
fusarium wilt and spotted alfalfa aphid,
along with moderate ratings for potato
leafhopper and bacterial wilt. However,
Welbanks notes, this new variety should
not be recommended on land where
phytophthora root rot is a concern.
"We've found 5444 to- be winterhardy
with good growth and above average -
yields throughout the growing season,"
Welbanks says. The new variety has been
tested in Canada for more than six years
by both Pioneer and independent resear-
Has The Answer
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Dungannon
529.7922
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LYONS & MULHERN -
Goderich 524-2664
DONALD R. SIMPSON
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JOHN NIXON
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chers- It also has been thoroughly tested in
the United States and markted there since
1985. - -
"5444 will be an ideal variety:option for
those alfalfa producers who have a real
problem with verticillium wilt," Welbanks
advises.
Pioneer Hi -Bred Limited is a leading
producer and marketer of hybrid seed
- corn and sorghum-sudangrass hybrids, as
well as varieties of alfalfa and soybeans.
The company also markets Sila-bac r R 1
brand silage inoculants and Diamond (RI
brand vaccines for hogs and cattle- •
A farm is an irregular patch of :nettles
bounded by short term notes, containing -a
fool and his wife who didn't know enough to
stay in the'city. '
S.J. Perelman: Acres and Pains, 1947.
FIXTURES: Crane & American Standard. FAUCETS Moen.
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TREATMENT EQUIPMENT by Water Conditronrng:
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PIONEER®
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Check out the good prices
on Alfalfa this year.
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Ray Brown
R.IR. 6, Goderich 529-7260
PIONEER
BRAND SEED CORN
Pioneer is a brand name numbers identity
varieties a Reg 'ersd trademars licensed to
Pioneer Hi -Bred Limited Chatham, Ontario