Lethbridge Herald, The (Newspaper) - April 13, 1972, Lethbridge, Alberta
_______ Thursday, Ariiil 13, 1972 THE UTHBRIDGE HERALD 9 credit improves farm position The use of long term credit has invorovcd the economic po- sition for many Canadian tann- ers. It has paved the way for farm consolidation and assisted users to improve the efficiency and productivity of their farms. These are the conclusions of n farm survey report carried out by the Farm Credit Corpora- tion. The objective of the survey war, to investigate, analyze and measure the progress at- tained farm operators who had received loans under the Farm Credit Act. The survey was carried out to provide a feedback of informa- tion necessary for the assess- ment of future policy and lend- ing programs. The total sample was ran- domly selected and consisted of (arms which had received FCC loans in the fiscal year. The survey covered two time periods, 1965 and 1SS9. In thai period, the KCC bor- rowers, after disbursement of Hie loan, increased their farm invcstnu'Tt in real estate, and livestock by 45.2 per cent compared to 20.4 per cent for all commerc i a farms in Canada. The average 19G5 investment of FCC borrowers was lower than the commercial averages in British Columbia, Alberta and Manitoba. In Iil69, it ex- ceeded the commercial average in all provinces. Average farm debt for FCC borrowers, after loan, in 19C5 was S2J.OJ5 or 2.7 times great- tfcr than the 1939 commercial er than the average dehi average debt of SI2.039. for all commercial farms. In 1W9, the average farm debt for FCC borrowers had in- creased by 24.5 per cent to This was 2A times lar- FCC borrowers in 1363 had an average equity of 511.1 per cent. This increased to D4.20 per cent by 19B9. Average equity (or commercial farms decreased from per cent in 195r> to 81.7 per cent in FCC farms exceeded the av- erages for all conmier c i a 1 farms in per cer.t growth of equity. HORGUS DRY GOODS LTD. MILK RIVER Ph. 647-3811 Ses our selection of Infanls' BIOUSES and DRESSES Sizes 1-3X. O PONTIAC BUICK G.M.C. New Car Showroo wntown on 4th Ave SERVING THE AGRICULTURAL INDUSTRY WITH EFFECTIVE MERCHANDISING OF WESTERN CANADA'S COMMERCIAL AND PUREBRED LIVESTOCK CATTIE HOGS SHEEP HORSES AND MACHINERY GM CUSTOM AM CAR RADIO WITH PUSHBUTTON SELECTORS With the PURCHASE of ONE OF THESE ON SPECIALLY-EQUIPPED FULL-SIZE PONTIACS PFMOTE TRUNK RELEASE VINYL ROOF O AND TINTED GLASS AtL 'ROUND On Inurentlan (6 eyl. and V-8 models) hardtop coupes and 4-doar sedans, Cata- lina hordiop coupes, horblops and 4-door sedons, Paris'cnne Brougham Iiardlop coupes, 4-door hnrdlops and 4- door sedans. ON SPECIALLY-EQUIPPED TRIM-SIZE LE MANS DELUXE WHEEL DISCS TIRES REAR WINDOW DEFOGGER AND TINTED G1ASS ALL 'ROUND On Le Mans coupes, hardtop coupes 4-door sedans Jusl For Wngon People You can buy a 2-seal or 3-soal cnlian or Safari full-size Ponltac sta- tion wagon of o you get your roof rack FREE! it's a stainless sled roof lugqarje cnrricr valued al S09.50'. To gel il, you buy your wagon with REMOTE CONTROL MIRSOR O POWER TAILGATE WHITEWALL TIRES ELEC- TRIC CLOCK O AM RADIO. Limited Time Offer! Downtown Showroom on 4th Ave. S.