Business Side

Business side: Farmland protection

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) FARMLAND LOSS IS A SERIOUS ISSUE. TELL ME ABOUT ONTARIO FARMLAND TRUST AND YOUR ORGANIZATION’S PURPOSE. (K.E.) Ontario Farmland Trust (OFT) works with farmers to protect farmland forever. According to the 2016 census, Ontario [Read more]

Business Side

Business side: Retirement planning

CONVERSATIONS WITH BUSINESS EXPERTS

WHAT IS A RETIREMENT PLAN? For some, it’s a list of travel destinations. But a real retirement plan means having an accurate financial plan that will give you financial freedom in retirement. Making a plan [Read more]

Business Side

Business side: Life insurance

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) WHY IS LIFE INSURANCE IMPORTANT? (C.A.) Life insurance can be hard to discuss, but it’s imperative to protecting the financial security of your family and farm business by providing a tax-free lump sum benefit [Read more]

Business Side

Business side: Business opportunities

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) THERE ARE A LOT OF FARM BUSINESS PROGRAMS, GRANTS, AND WORKSHOPS AVAILABLE. HOW CAN FARMERS TAKE FULL ADVANTAGE OF THESE? (M.M.) Many funding and grant program applications like Growing Forward 2 (GF2) require workshop [Read more]

Business Side

Business side: Insuring the business

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) INSURANCE IS AN IMPORTANT PART OF RISK MANAGEMENT AND PROTECTING THE FARM BUSINESS. WHAT ARE SOME TYPES OF BUSINESS RELATED INSURANCE COVERAGE FARMERS SHOULD CONSIDER IN ADDITION TO TRADITIONAL FARM POLICIES? (L.N.) Farmers need [Read more]

Business Side

Business side: On-farm fire prevention

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) WHAT ADVICE CAN YOU GIVE ONTARIO FARMERS TO MANAGE THE RISK OF FIRE? (J.Z.) There are four main contributors or (causes) to on-farm fires — faulty electrical/mechanical equipment, heating equipment, misuse of ignition sources, [Read more]

Business Side

Business side: Negotiating on the farm

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) WHAT ARE NEGOTIATION SKILLS? (M.M.) Negotiations skills are really just effective communications skills. Negotiations are a process where two parties communicate their needs and interests, listen to each other, and try to agree on [Read more]

Business Side

Business side: Financial advisors

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M.) WHAT MAKES A GOOD FINANCIAL ADVISOR? (D.O.) A good financial advisor and planner will have three traits: education, experience, and the ability to listen.  When it comes to farming, financial planning goes well beyond [Read more]