. Agri-news. Agriculture. 9 November 1, 1982 FOR IMMEDIATE RELEASE LIVESTOCK AND THE STATE OF THE ECONOMY by Andy Birch District Agricultrist, Stettler Forbearance, caution, planning and adaptation are key elements in the message that the president of Lakeside Farm Industries Ltd., Brooks, Alberta, delivered at Alberta Agriculture's recent Taking Stock Conference in Red Deer. Garnet Altwasser said that philosophically what we are experiencing today is nothing new in that our ancestors, society and civilization have faced the same social and economic forces. He made reference to economic cycles
. Agri-news. Agriculture. 9 November 1, 1982 FOR IMMEDIATE RELEASE LIVESTOCK AND THE STATE OF THE ECONOMY by Andy Birch District Agricultrist, Stettler Forbearance, caution, planning and adaptation are key elements in the message that the president of Lakeside Farm Industries Ltd., Brooks, Alberta, delivered at Alberta Agriculture's recent Taking Stock Conference in Red Deer. Garnet Altwasser said that philosophically what we are experiencing today is nothing new in that our ancestors, society and civilization have faced the same social and economic forces. He made reference to economic cycles, their repetitiveness and their predict- ability. And he pointed out that if you believe in those cycles, the current senario of high interest rates, inflation and recession were predictable. The so called "K" cycle (Kondratieff) indicates we are in for a long period of economic decline, with lowering interest rates. As a consequence, Mr. Altwasser predicted livestock markets will be erratic and unpredictable and will be accompanied by sonrle violent and unforeseen swings. He advised producers to watch for and take advantage of market opportunities. And he emphasized that intelligent marketing can bring greater economic returns than efficient production. In other words: buy and sell right. Mr. Altwasser also believes that hedging commodities on futures markets should be a part of the game plan. Rising, burdensome taxes are a looming threat to the industry as municipal govern- ments struggle for additional resources to meet onerous demands, he said, and he warned the audience that unless managers respond appropriately to changing circumstances by preparing, planning and anticipating change, they will not survive. The game plan is to survive — reduce debts to as low a level as possible, cut out waste and become more Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and a
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