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]

Business Side

Business side: Value added

CONVERSATIONS WITH BUSINESS EXPERTS

Ontario grain farmers grow millions of tonnes of grain. Value added at the farm level isn’t the answer to marketing all of our production, but it could be an option for those looking for new [Read more]

Business Side

Business side: Property assessments

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) WHAT DO ONTARIO FARMERS NEED TO KNOW ABOUT THE 2016 PROPERTY ASSESSMENT NOTICES? (R.M.) Farm property assessments as of January 1, 2016 will be mailed out beginning October 11. In compliance with regulations under [Read more]

Business Side

Business side: Taxing details

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) WHAT’S IMPORTANT TO KNOW ABOUT FARM EQUIPMENT DEPRECIATION FOR TAX PURPOSES? (T.B.) Depreciation for tax purposes is called capital cost allowance (CCA). There are three common CCA classes most farmers use for asset depreciation [Read more]

Business Side

Business side: Farmland rental agreements

CONVERSATIONS WITH BUSINESS EXPERTS

(J.M) WHY IS EVERYONE TALKING ABOUT LAND RENTAL AGREEMENTS? (M.L.) Whether it’s a handshake agreement or a written document, farmland rental agreements are an important part of conducting business on the farm. Currently, 35 per [Read more]

Business Side

Business side: Conservation authorities

CONVERSATIONS WITH BUSINESS EXPERTS

A NETWORK OF 36 conservation authorities across the province, Conservation Ontario, is well known in the farm and rural communities for delivering environmental and stewardship cost share programs. The Grand River Conservation Authority’s (GRCA) Louise [Read more]

Business Side

Business side: Managing stress

CONVERSATIONS WITH BUSINESS EXPERTS

(R.H.) WHAT IMPACT DOES STRESS HAVE ON OUR BODIES AND MINDS? (S.D.A.) Stress often comes with an experience of tension which leads to frustration and ultimately results in erupting situations with those around us. Visible [Read more]

Business Side

Business side: Succession law

CONVERSATIONS WITH BUSINESS EXPERTS

(R.H.) WHAT LEGAL DOCUMENTS ARE IMPORTANT FOR FARM FAMILIES GOING THROUGH A TRANSITION? (R.F.) The top legal concern I encounter in agriculture is a succession planning one, whether it includes the drafting of wills, providing [Read more]