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Lethbridge Herald Newspaper Archives

- Page 38

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Lethbridge Herald, The (Newspaper) - May 15, 1973, Lethbridge, Alberta Tuetday, May 15, 1973 THE LETHBRiDGE HERALD 13 Ric SWIHART Farm cash no bowl of cream I had a visit from a farmer from Saskatchewan the other day and a discussion with him further reinforced my opinion thai net farm incomes in Can- ada aren't high enough. He made the statement that when he and his wife were young, they didn't have an extra nickle to squander on such luxuries as meals out or shows or entertainment. "But now, IF WE SOLD OUT, we would still have money problems we would have too much." And this problem exists for many farm families in Canada. They work for years to build up an equity in their farm, doing without large salaries all the time and then settling for one big pay cheque. When they sell the farm, machinery, grain and cattle, the government laughs all the way to the bank with th etax money derived from that one cheque. The average net farm income in Alberta last year was less than This is a fact of life. What makes this figure, to me, seem horribly low is what a farmer today has to put up with. The biggest problem facing most farmers, especially young ones, would appear to me to be credit. I worry if a small loan for a car isn't kept up while the farmer has loans in the NOTICE Ifyou own a travel trailer or NOW is the lime to have your propane equipment and appliances thoroughly Inspected and adjusted. Be sure of a fun-filled, carefree holiday with dependable propane cooking, cooling and lighting systems. All it takes Is a phone call for an appointment. Complete service just PLUS PARTS CALL BOB JACKLIN at 328-3336 Ask for your copy of Cemplng Canada too. 3307 5th Avenue N. thousands to pay back and he can't be assured of doing it. As a wage earner, I can be assured of getting a pay cheque every two weeks unless (lie boss decides to curtail my employment. When a fanner starts any given crop year, he c'loesn't know exactly what he is going to do. This indecision is further- ed by the weather, likely the single fector for success or failure. Now we come to capital ex- penditures. As a city-dweller, I must buy a house for some semblence of pride and owner- ship. I must buy a car for transportation. What else? But a farmer doesn't buy simply a 100-foot by 50-foot lot. He buys hundreds of acres (one acre is equivalent to about three quarters of a football field) of land and then has to buy thou- sands of dollars worth of ma- chinery, trucks and equipment. On top of this, the cost of operating the farm is increas- ing annually. After years of fighting the battle, farmers and ranchers today are beginning to see the light and some hope in the bat- tle of dollars and cents. And the reason for this enlightened economic picture for agricul- ture is increasing returns for product. But then enters the consum- "er. And the only reason the consumer is squawking now is that for years he has lived off the plight of the farmer, reap- Continued on Page 19 Do your own Plumbing and Heating Repairs COMPLETE PLUMBING and HEATING PARTS STOCK FREE DESIGN and REPAIRING ADVICE DISCOUNT PRICES EUDORF PLUMBING HEATING LTD. RESIDENTIAL AND COMMERCIAL INSTALLATIONS 1611 2nd Ave. S. Phone 328-2533 Open Monday Thru Friday 8 a.m. to 5 p.m. Alberta Future Ikrmers J J Raise your own feeder cotile plant and harvest your own pedigree seed buy a bred gilt and sell vveancr pigs become a bee keeper. These ore just o few examples oi (he many projects young rural Alberlans can undertake with the Alberla Future Formers Program, sponsored by the Alberta Agricul- ture! Development Corporotion. If you're between 12 end 18, you may be eligible for o low interest loan, guaranteed under the Agricullurcl Development Act, for almost any agricultural project that has a reasonable chance of showing a profit. Learn through actual experience the value of plan- ning, financial management, production management and marketing. Think of if. You con actually run your own form operation on a small tcole keep your own records of revenue, expenses, end profits. Get complete details tocfay. Any interested young person should contact their nearest District Agricultur- ist office. Treasury Branch, Municipal Government cffice, or 4-H office fc? on Alberta Future Farmers in- fcrmcsiort kir. W m Liberia GOVERNMENT OF ALBgRTA ;