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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 13, 1972, Lethbridge, Alberta Long term ----------Thursday, Apiil 13, 1972 THE LETHBRIDGE HERALD 9 roves farm position Tlic use of long term credit has itmjL'ovcd Uie economic po- sition for mnny Canadian fann- ers. It hns paved the way Tor farm consolidnUon and assisted users to improve the efficiency and productivity of their farms. These are the conclusions nf a farm survey report carried out by the Farm Credit Corpora- tion. The objective of Hie survey was to investigate, analyze; and incMsure the progress at- tained by farm operators whu Imd received loans under the Farm Credit Act. The survey was carried onl lo provide a feedback of informa- tion necessary for the nsscss- of future policy and lend- ing programs. The toUI sample was ran- domly selected and consisted of 1.2D1 farms which had received FCC loans in the 13G5-GGG fiscal year. survey covered two time periods, 1955 and lei tluil period, Ihc FCC lior- rowcrs, nftcr disbursement of the loan, increased their farm In vest in IT t in real estate, cquipnrJit and livestock by 45.2 per cent compared to 26.4 per ccjil for nil commerc i u 1 farms in Canada. The average 19G5 investment of borrowers was lower than the coimnoreinl avcrayiw in British Cohunbia, Albcitu and Manitoba. In it ex- ceeded the eoinmci'CKil in all provinces. Average farm debt Tor FCC borrowers, after loan, u-iis or 2.7 times grenl- er llian the average delu for all commercial farms. fti 1969, Ihc vet-age farm debt for FCC horrowcrs had in- creased by 24.5 per cent to This was times Jar- yci' (lie J9jl commercial average debt of FCC in 19G5 had an Jivcragc equity of 5JI.J per cent. This increnr.ed to G4.20 pur cent by 19X19. Average equity for commercial farms decreased from per (.'OiH En to 01.7 conl in I-'CC farms the av- erages foi' all conmicv c i :i 1 farms in per cor.t of equity, HORGUS DRY GOODS LTD. MILK RIVER Ph, 647-3611 Ses our selection of Infants' BLOUSES and DRESSES Sizes 1-3X. SERVING THE AGRICULTURAL INDUSTRY WITH EFFECTIVE MERCHANDISING OF WESTERN CANADA'S COMMERCIAL AND PUREBRED LIVESTOCK CATTLE rtOGS SHEEP HORSES AND MACHINERY PERUCH BROS. AUCTION MARKET LTD. JOE PERUCH Phone 326-9772 PHONE 328-3951 IETHBRIDGE, ALTA. BOX 1057 TONY PEBLICH Phone 32B-9872 GM CUSTOM AM CAR RADIO WITH PUSHBUTTON SCLCCTOHS With the PURCHASE of ONE OF THESE With THESE OPTIONS: ON SPECIALLY-EQUIPPED FULl-SIZE PONTIACS PFMOTE TRUNK RELEASE VINYL ROOF O AND TINTED GLASS All 'ROUND On Lnurention (6 cyl. and V-B moJclsl hardtop coupei and 4-door sedans, Cala- lina hardtop coupes, 4-door hardfops ant) 4-door sedans, Parls'cnne Brougham linrdtop coupes, 4-door and 4- door sudans. ON SPECIALLY-EQUIPPED TRIM-SIZE LE MANS DELUXE WHEEL DISCS TIRES RIAR WINDOW DEFOGGER AND TINTED G1ASS AIL 'SOUND Le coupes, hardiop coupfi onrf 4-doQr sedans Jusl For Wtigoh People You can buy a 1 -sea! or 3-leaf lauf- nnliun or Safari rull-size Ponl'.ac you got your roof rack FREF! d's o ila inlets s I or I roof lugqnQo cnrrior valued al To gof il, you buy your specially, equipped with REMOTE CONTROL O POWMR TAILGATE WJMTEWAIL TIRES ELEC- TRIC CLOCK O RADIO. Li'mifed Time Offer! Showroom on 4th Ave. S. ;