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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 16, 1982
Page
19
Illinois farmers Enid Schlipf and Ward Freitag warn that spring planting may yield no profit as prices stay below costs. Analysts note a nationwide debt surge, rising expenses, and tight credit squeezing the Farm Belt with many farmers at risk of losing their operations.
U S agriculture is expected to fall about 3 percent to 42.5 billion in value despite a 4 percent rise in volume. Corn exports dropped 25 percent in the first quarter of 1982. Foreclosures and liquidations rose as farmers struggle with debt while many rely on off farm income.
More than 100 million dollars worth of agriculture equipment from England and Australia will be on display at the Western Canada Farm Progress Show in Regina. About 380 exhibitors will pitch their products at the four day outdoor show opening today. The event aims to provide farmers with information on new farm equipment and technology and to tailor offerings to farmers needs. Exhibitors have prepared large tractors and combines worth more than an average house. Tillage and harvest machinery buildings tools lubricants chemicals irrigation systems and computers are displayed.
The Monday June 14 market saw 298 head sold with butcher cattle and calves steady. Light yearlings sold well while feeder and steer categories posted varied but solid figures from D1 to D5 cows and bulls. Cow calf pairs ranged from 760 to 970 dollars, with feeder and steer prices listed across weight classes.
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