Business Management
Colin Penner teaches farm business management at the University of Manitoba. Earlier this fall, while his family was taking off another crop of wheat, oats, canola and soybeans near Elm Creek, Man., he was beginning his fourth year of instruction.
The latest calculator was released in January and is an update on a tool called CROPPLAN Financial Analysis. It was designed by two farm management specialists from Manitoba, Roy Arnott of Killarney and Darren Bond of Teulon.
With large dollars and major tax implications hanging in the balance, farmers need to take the time to carefully weigh financing options for any and every acquisition of farm equipment. Whether you should lease or buy your next major farm purchase cannot be answered with a one-size-fits-all set of rules,…
Delivering grain soon? Reduce your risk of not getting paid by following these recommendations.Before you make a grain delivery, make sure you're delivering grain to a company licensed by the Canadian Grain Commission. As part of its mandate to work in the interests of grain producers, the Canadian Grain Commission…
A cash advance from the Canadian Canola Growers Association (CCGA) gives farmers more control to market their crops and livestock when the time and price is best.With a cash advance, farmers can access up to $400,000 in cash flow to pay necessary expenses such as inputs or capital purchases, while…
The amount of debt Canadian farmers collectively carried relative to the value of their assets increased in 2016 for the first time since 2009, putting operators at heightened risk of going out of business should the next two or three years treat them poorly.Further, roughly 70 per cent of farm…
The Canadian Agricultural Human Resource Council (CAHRC) recently held an AgriWorkforce Roundtable to discuss challenges and possible solutions to address the critical agricultural labour shortage in Canada.
Agri-food stakeholders from across the value chain are invited to attend the second annual National Environmental Farm Plan (NEFP) Summit in Ottawa, November 1-2, 2017. As Co-Chair of the NEFP steering committee, the Canadian Federation of Agriculture (CFA) encourages producers and farm groups to be part of this initiative that…
Last month Statistics Canada released the results of the 2016 Census of Agriculture. Like many of you, I was eager to read up on the results and discover how our industry has changed in the five years since the last survey was conducted.
The Species at Risk Farm Incentive Program (SARFIP) is back for 2017. Now in its 10th year, SARFIP supports Ontario producers who are enhancing on-farm habitat for species at risk across the province. The Ontario Soil and Crop Improvement Association (OSCIA), with support from Environment and Climate Change Canada and…
Team Alberta is warning the federal government of serious financial consequences to farmers if they lose the ability to use deferred cash tickets to manage wide variations in their income.The potential end of the cash ticket deferral system was included unexpectedly as part of the federal government’s Budget 2017. Team…
Timely information about drought conditions can help agricultural producers, agribusiness, government planners and policy-makers, emergency preparedness agencies and others to better plan for and proactively respond to drought. The Canadian Drought Monitor tracks a wide range of drought-related information and boils it all down to easy-to-understand, online monthly maps.“The Canadian…
Farmers of all types, from dairy to fruit to livestock, contribute to the economy and to the healthy lives of Canadians. The Canada Revenue Agency (CRA) wants to help make filing your income tax and benefit return easier so you can save your time and energy for the harvest. Claiming…
Farm Credit Canada (FCC) is offering support to customers in parts of the Prairies facing financial hardship as a result of widespread excessive moisture that has impacted the growing season, delayed harvest and reduced the quality of this year’s crop.
Canada's carbon price may weaken the farm sector in one of the world's biggest grain-shipping countries, raising farmers' costs and discouraging investment in fertilizer production, industry groups say. CBC News reports. | READ MORE
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