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]

Business Side

Business side: Farm advisors

CONVERSATIONS WITH BUSINESS EXPERTS

(R.H.) WHO IS CONSIDERED A FARM ADVISOR? (L.R.) A farm advisor is anyone who provides professional advice to the farming sector. Farm advisors include accountants, lawyers, financial planners, bankers, strategic coaches, insurance agents, agrologists, agricultural [Read more]

Business Side

Business side: Family communication

CONVERSATIONS WITH BUSINESS EXPERTS

(R.H.) HOW DO YOU RECOMMEND FARM FAMILIES START TALKING ABOUT SUCCESSION PLANNING? (R.C.) Good decision making requires excellent communication. There are two types of families — one who finds communication easy to do as part [Read more]

Business Side

Business side: Personal finance

CONVERSATIONS WITH BUSINESS EXPERTS

(R.H.) WHEN IT COMES TO PERSONAL FINANCE, WHAT IS YOUR ADVICE TO FARMERS? (P.V.) Farmers are typically very much involved in their farming business and sometimes this is to the detriment of other areas, including [Read more]