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The Ortonville Independent
Ortonville, Minnesota
October 21, 2008     The Ortonville Independent
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October 21, 2008

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Farm earnings improve but riskAdequate working capital is critical suppliers for financial statements. worsens because the amount of capital needed Utilize revenue-based crop by Bill Craig, University of to farm has nearly tripled compared to insurance. Buy up to cover higher Minnesota Extension two years ago. Many bankers are very production costs. The year 2008 has been good for nervous about the risk exposureBuild working capital to meet most farmers. Net farm income is farmer's face as they watch farm profit current and future obligations and to expected to reach a record $95.7 margins decline. Some grain elevators, take advantage of opportunities as billion, 10 percent more than in 2007. stung with extensive margin calls, are they arise. Good yields and prices result in now requiring non-refundable fees to Develop and follow a sound profits to invest. While the temptation- cover potential interest costs on marketing plan. If you need help join is great to buy new equipment, land or futures fixed or hedge-to-arrive a Farm Business Management or U of other assets, now may be the time to contracts. Meanwhile suppliers are M marketing group. build working capital, convincing producers to prepay or pay Make sure your lender understands David Kohl, Professor Emeritusahead for their supplies-months in your marketing plan, If you are a do- from VirginiaTech and of AgriVisions advance. Some bankers find it-yourself marketer, make sure you LLC, recently stated at the Minnesota themselves financing their farmhave an adequate marketing line of Crop Insurance Conference in customer's old crop, new crop and credit to cover margin calls when Mankato, "Farmers make their worst next crop all within the same year. needed. management decisions during good Prepaying for inputs at record high Invest time educating yourself and times." Kohl says farmers should prices, months in advance, is a tough your employees to meet new build cash reserves and working decision to make. Farmers now must production and management capital at this time. worry about the liquidity and solvency challenges. Borrowing money now to bu3) of theirinput suppliers. Communicate with your family, high-priced land might be a poor Farming today is riskier than at any employees, landlords, banker and decision, especially as the turmoil in time in history. So how can farmers others important to the success of your the financial markets spills over into manage today's risk? farming operation. the farm sector. Currently, we are When prepaying inputs, hedge by When practical make grain sales seeing commodity prices fall while making future crop sales with one of and buy inputs in increments. Take expenses continue to rise. The outlook the marketing tools available. If advantage of profitable opportunities for next year shows tighter profit possible, spread risk by buying inputs when they appear. margins, reducing funds available to in increments so, if prices decline, Combining a revenue-based crop service debt. In fact, at current prices you're not wrong on the whole amount insurance policy with a pre-harvest and projected production costs, purchased, marketing plan is still the best deal in farmers cannot project a profit for the Know who you are doing business town for managing risk. Plan now for crops they plan to grow in 2009. with. When prepaying ask your a profitable 2009 and 2010. . TOGETHER AGAIN were members of the Ortonville Class of 1947, who gathered at Staybridge Suites in Sioux Falls, SD. It's been a long time from grade school in Ortonville to now. They are stl'll shopping (a little less), eating (a little less) but still gabbing (a lot). Pictured above from left to right are Mary Ann (McEIderry) Kelly, Maryanne (Hanson) Gimrnestad, Norma Jean (Brown) Burdick, Mary Catherine (Barr) OIson and Suzanne (Dawson) Nelson. They are currently living in either Minneapolis, OrtonviUe or Arizona. Unable to attend was Nancy (Kaercher) Zuehlke. Hosted by Fe ow ip Please RSVP by Thursday, Oct. 23rd! (605) Info John and Susan 623-4128 or Lapp BIG STONE LITTLE LIONS PRESCHOOLERS visited Greg Peterson's apple orchard duringred week and enjoyed an apple and apple iuice samples. They have 17 students in this year's class. I I By Richard Johnson The House has passed the Authorization Act for 2008. The act The Office Hours for the Big Stone "Veterans' Compensation Cost-of- amended to provide eligible Veterans Service Office are as Living Adjustment Act of 2008."employees working for covered follows: Tuesdays 8:00-4:30 which would provide an approximate employers two important new leave Wednesdays 2.8 percent cost-of-living adjustment rights related to Military Service: 8:00-4:30. for veterans with service-connected 1. New Qualifying Reason for If there is a disabilities as well as dependent and Leave. Eligible employees are entitled emergency of indemnity compensation for families up'to 12 weeks of leave because of sort I can be of deceased veterans. The increase, "any qualifying exigency" arising out reached at m which becomes effective Dec. 1, of the fact that the spouse, son, home at (320 would benefit more than three million daughter or parent of the employee is 568-2448. I d veterans and approximately 300,000 on active duty, or has been notified of have voice mail survivors in fiscal year (FY)2009. an impending call to active duty at the Office. Tuition Reimbursement Option status, in support of a contingency Leave your name for Spouses operation. By the terms of the statue, and number and ] Service members who meet the this provision requires the Secretary of will get back to Richard Johnson following criteria may opt to have Labor to issue regulations defining you as soon as their Spouse use a potion of the "any qualifying exigency". In the possible. Also, you can call me at remaining balance of their State interim, employers are encouraged to home at the above number. I do have Tuition Reimbursement Grant. provide this time of leave to an answering machine at home. 1. Are serving satisfactorily as qualifying employees. CHANGE IN TELEPHONE defined by the Adjutant General. 2. New Leave Entitlement. An NUMBER: 2. Have served at eight years of eligible employee who is the spouse, My Telephone number has been (active-drilling, non-ING) service in son, daughter, parents or next of kin of changed. It is (320) 839-6398. Please the Minnesota National Guard. a covered service member who is make this change in your phone book 3. Are between the ranks of E-1recovering from a serious illness or as the old number doesn't work any through 0-5 (to include Warrantinjury sustained in the line of duty on longer. Officers). Spouses of Officers active duty is entitled to up to 26 Higher Education Veterans promoted to the grade of 06 during the weeks of leave in a single 12-month Program school term are eligible to use the period to care for the service member. Just a note to let you know that State Tuition and Textbook This provision became effective there was a "glitch" with the VA self Reimbursement Program until the end immediately upon enactment. This verification software for August. If the of that term. military caregiver leave is available vets attempted to verify their4. Annual cap. Spouses may useup during "a single 12-month period!' enrollment on Aug. 31, it may not to 12 Semester/17 quarter credits during which an eligible employee is have gone through. According to the annually, not to exceed the sponsoring entitled to a combined total of 26 VA Office, over 14,000 verifications Service member's lifetime benefit of weeks of all types of FMLA leave. were not processed. The VA gathered 144 semester/208 quarter credits. Additional information on the the data and reprocessed the Aug. 5. Payment Procedures will remain amendments and a version of Title I: claims the middle of Sept.'The funds the same as for the Service member, of the FMLA with the new statutory should already be in your account, and all payments will be directlanguage incorporated are eligible on If you have questions, contactdeposited into the sponsoring Service the FMLA amendments Web site at David Bellefeuille at member's bank account, Military Family Leave mla.htm. Cost-of-Living Adjustment for On Jan. 28, President Bush signed Veterans for2009Payments into law the National Defense m The United Appeal of the City of Ortonville and Ortonville Township held a re-organizational meeting on Tuesday, Oct. 14, with 20 members Treasurer; Beth Mueller, Residential Campaign Chair; Bill Hoel, Business Campaign Chair; and Publicity Chair, Linda Hofhenke. present. Elected as officials were Robin Redepenning, Chairperson; The United Appeal of the City of Deanna Prior, Vice-Chair; NicoleOrt0nville and Ortonville Township, a Wood, Secretary; Ethel Swenson, 501 (c) (3) non-profit corporation, is Kodiak .............. sa e S1.00/tin Doral ................ s4.00/ctn Marlboro ............ save s5.00/ctn Basic ................ Save s5,00/ctn Pall Mall ............ Save =6.00/ctn Grizzly Chew ..... :... 2,99/tin Winston ............ save s6.00/ctn III-STgIIECAMEL SPECIALS Kool .................. Sa e =4.00/ctn EAIIIETY OF 8TllEFI llI-$TOFIE SPECIALS $ n '::::::;::::::::::::::: ;::::: ........ Camel ................ Save 4.50/ct iiiiii~i~iii:;~;ii~i~i~iii~i~i:~i~iiii!iiiiil Old Gold ........ Save 5.50/ctn ORTONVILLE AREA JAYCEES Wreath - $1 6.00 (2s") Garland - $21.00 (25 ft.) Swag- $16.00 Centerpiece $21.00 Any questions, please call Lisa Merritt (839-6284 home) PLEASE CALL 839-6284 AND LEAVE YOUR ORDER ON THE ANSWERING MACH IN E Please mail payment to: Lisa Merritt Ortonville Jaycees 316 Park St. Ortonville, MN 56278 ORDERS DUE BY Friday, October 3 ! st... Delivery by Thanksgiving not associated in any manner with the United Way nor is it a member of any national or state association. It is a local organization whose sole purpose is to raise funds to help meet the needs of several health, human service and non-profit agencies that serve our community. The residential fund drive will be held on Sunday, Nov. 16; between 3 and 6 p.m., with several volunteers going door-to-door seeking your help and support. This year's goal has been set at $15,000. Your "One Gift for Many" helps local people through local agencies. Anyone having questions about the up-coming fund drive may contact any of the above-named officers. Your contribution makes a differ- ence! BIn Memoriam ] IN MEMORIAM In loving memory of Mike Schumacher Missing you as much as always, Sept. 26, 1979 - Oct. 24, 2000 Eight years have passed since we said "Goodbye" to Mike. Thank you Mike for helping us to remember some of the "little" things. We wish a little harder on that bright star at night, Hug the people we love just a little tighter when we say goodbye ....... Stare a little longer at the beautiful sunset, Worry less about the little things because they just aren't worth it. Take a little time to listen to nature's song, Laugh, play, dance, smile, sing - Live a little more and wonder less about tomorrow and be grateful for today. ALWAYS IN OUR HEARTS Love, Mom & Dad; Michele, Brad, Alex, Mackenzie and Madison; Laura, Randy, Jennifer, Britney, 40-1 Kayla and Ryan Tuesday, Oct. 21,2008 INDEPENDENT Page 9