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Newspaper
Rivers Banner
Location
Rivers, Manitoba, Canada
Date
Jun 01, 2012
Page
9
A Western Canadian farmer hedged canola futures in spring at 566 per tonne. By harvest, futures rose by 30, creating a negative hedge accounting balance offset by higher production value. Margin calls arise as contract prices climb, with initial margin 380 per contract. Maintaining the hedge requires discussing margins with a banker and funding maintenance margins to keep price protection intact.
Sid Lewis notes a shift to roadside weed control and a potential cosmetic spray ban by the conservation minister. He warns farmers the ban could disrupt crop plans, cites surveys showing urban support for bans, and urges readers to contact MLAs. Also tributes to Butch Kirkhas and contact for Midwest Weed District.
The 50 hold group met May 17 with 24 present and approved a $100 award for a Rivers Collegiate student. Activities wane until fall. Tuesday coffee and card games continue. Doreen Bate spoke on a Hot Shots tourney April 26 with 10 Rapid City attendees and 20 Rivers attendees. Mary Bridgeman and Lil Kopytko were second in a whist tourney in Rapid City. Floor curling finals set for May 24 with three outsider teams and two Rivers teams. Ralph Brooking noted a grant possibility up to $25,000. Al MacKay and Ralph to pursue. deadline June 29. Tax roll research for town history tours discussed. background due by March 2013 with houses shown. Birthdays for Betty Frazer, Percy Rosamond, and Florence Vatcher in May.
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