Farm business Archives - Page 25 of 32

Farmers busy with harvest are now simultaneously having to contemplate  major changes to how they can use incorporation to manage their businesses.

Succession planning at risk

Frustration over Ottawa’s proposed changes to small-business taxation continues to mount

By Shannon VanRaes September 21, 2017

Farmers are being urged to join the chorus of opposition facing the federal government’s proposed tax changes. Manitoba’s minister of agriculture has already added his voice to the growing calls for Ottawa to reconsider the massive overhaul and Keystone Agricultural Producers is asking its members to participate in government consultations before the October 2 deadline.

“I cannot think of one farm client who will not be affected by these rules,” Mona Brown, tax law expert, Brown and Associates.

News, Other

Proposed tax changes could hit family farms hard

More taxes and more complexity in succession planning expected

By Lorraine Stevenson September 14, 2017

Tax law experts fear a nasty surprise awaits many farmers as the end of harvest nears and they begin to grapple with changes the federal government is proposing to the income tax act. Federal Finance Minister Bill Morneau announced tax reforms July 18 in a move the Liberals say is aimed at limiting the use

Tax changes set for this fall are likely to considerably impact many Canadian farmers.

Editorial, Opinion

Editorial: The taxman cometh

By Gord Gilmour August 24, 2017

Canadian farmers could soon be swept up in a looming taxation crackdown. The Trudeau government has promised to lower the boom on what it characterizes as the abuse of private corporations by high-income individuals to avoid taxation. Doctors have been especially vocal in their condemnation of the move, saying they have forgone fee increases in

Swan River resident Austen Anderson (centre) is this year’s Canadian Angus Association Outstanding Young Angus Breeder.

Livestock

Past greats, future leaders honoured at CAA awards

By Alexis Stockford July 12, 2017

Manitoba Angus breeders old and new were recognized during the Canadian Angus Association national convention in Brandon in June

Lyall Edgerton of Souris could be on a beach enjoying his retirement, but he’s not quite ready to give up on the Angus-breeding business, despite a half-century in the industry. One of Manitoba’s long-standing seedstock producers, Edgerton was presented with a 50-year Canadian Angus Association Heritage Award June 10 in Brandon. Kuno Freitag of Alameda,

Attendees take a tour of Norman and Ruth Anderson and Son’s Farm near Souris, one of several area tours included in the Canadian Angus Association national convention in Brandon.

Beef cattle, Local news

National Angus breeders get a taste of Brandon

Panel discussions and tours of the local area and cattle industry were on the agenda as  Brandon hosted the 2017 Canadian Angus Association national convention June 8-11 

By Alexis Stockford July 4, 2017

[UPDATED, July 5, 2017] The Angus breeding community descended on Brandon in June for its first annual convention in the Keystone province since 2011. Outgoing president David Sibbald said he was excited to see so many attending the event, something that’s important because the industry needs to co-ordinate on a plethora of important issues including

Terry Betker, CEO and president of Backswath Management Inc., advises farmers on managing interest rate risk.

Features, News

Looking for a loan? Add in interest rate risk when deciding to borrow

With Canada enjoying some of the lowest borrowing costs on record, it might be time to consider that expansion, but how do you avoid the landmines if interest rate shifts appear on the horizon?

By Alexis Stockford June 13, 2017

Working on your farm management skills is like exercising… it pays big benefits, but it’s easy to push it off for another day. Only one-third of producers use business advisers or risk management tools, and fewer still do HR, succession, or strategic planning. To help make your farm more profitable (and your life more enjoyable),

Results from the 2016 Census of Agriculture show Manitoba had the second-youngest population of farm operators in Canada.

News

Fewer farmers in total, but more young ones

Farms are larger and more valuable than in 2011, but profitability is unchanged

By Lorraine Stevenson May 19, 2017

There are fewer Canadian farmers, and those over 55 still outnumber their younger peers, but the latest Census of Agriculture shows a slightly larger number of those 35 and under now farming too. Statistics Canada takes an extensive look at farmers and farm practices every five years, and the results of the 2016 census were

Trent Clark and wife Judy have had many discussions about succession with their three sons — both as a group and individually — so everyone can talk about their hopes and plans.

Crops

Start succession planning with a conversation — and then keep talking

Trent Clark has heard many succession ‘horror stories’ and is making sure  that everyone in his family is on the same page

By Alexis Kienlen May 17, 2017

Working on your farm management skills is like exercising… it pays big benefits, but it’s easy to push it off for another day. Only one-third of producers use business advisers or risk management tools, and fewer still do HR, succession, or strategic planning. To help make your farm more profitable (and your life more enjoyable),

Local news

SRDC puts crosshairs on innovation

The Southwest Regional Development Corporation  is looking to get creative with rural development

By Alexis Stockford April 17, 2017

The two words used most at a regional development meeting in Brandon last week were “innovation” and “challenges.” The Southwest Regional Development Corporation (SRDC) met in Brandon April 6 for its annual conference. The organization is still recovering from funding cuts in 2012, when the provincial government cut off funds to seven rural and northern

The rangeland and pasture health assessment tool aims to help land users and producers determine potential plant community composition, forage production, stocking rates and the impacts of management practices on ecological functions.

Forages, Livestock

Creating a better process for assessing pasture

Stakeholders from across the industry are currently working together to develop  a Manitoba-focused rangeland and pasture health assessment

By Jennifer Paige January 16, 2017

Following in the footsteps of our Prairie neighbours, Manitoba is working towards developing a customized rangeland and pasture health assessment. “The project is born out of similar initiatives that started in the United States, Alberta and then Saskatchewan. They have developed these tools for assessing rangeland health, looking at various indicators like bare soil, litter

Daily Network News

U.S. livestock: Cattle futures end lower

ICE Weekly: Trade progress, new data threaten to break canola’s price range

CBOT Weekly: Trade awaits USDA S/D report

Farm business