GFM Network News


Greg (left) and Brenda (right) Riddell accept the sign marking R4 Ranch as the 2020 Manitoba Charolais Association Commercial Breeder of the Year.

All in the family

Faces of Ag: The Riddell family of Pierson has been named the Manitoba Charolais Association Commercial Breeder of the Year

Greg Riddell of R4 Ranch near Pierson remembers that his father kept cattle on a small scale. So the decision to ramp up livestock operations was not totally novel after he and his wife, Brenda, took over the family farm in the late 1970s. In the decades since, the fourth-generation farmer has expanded that foothold

“When we ask people to pay market value, they are only going to do that if they believe in their own ability to grow that operation.” – Tom Deans.

Don’t give away the farm, says transition expert

Encourage children who want to farm to start buying in early, said Tom Deans

Don’t gift the farm to your children, but make them buy it at full market value, says one intergenerational wealth expert. “When we take shortcuts with the valuation and offer discounts to the family, we damage the confidence of the next generation. We actually undermine their authenticity,” said Tom Deans. Deans, an author and business


(Photo courtesy Canada Beef Inc.)

New rule on farm transfer tax treatment put off to 2022

Farm groups protest delay

Rule changes passed in a federal bill to standardize tax treatment for sales of family-owned farms and small businesses will be delayed to the start of 2022, to the dismay of several farm groups. Bill C-208, a private member’s bill spearheaded by western Manitoba Conservative MP Larry Maguire with amendments to the federal Income Tax

overhead view of farmland

Farmland has been a solid investment

Between rental values and appreciation, it can easily equal or beat other options

In addition to keeping an eye on the daily, weekly and monthly gyration of grain prices, we also need to take a step back to regularly review bigger-picture, longer-term business decisions and investment plans. Whether it’s selling the farm, retiring from active farming, transitioning to the next generation or looking to expand and diversify your investments, farmland values are

Fraser: Farm transfer law gains support, moves to Senate

The proposal would see farm sales to family treated the same as to a stranger

Farm groups are praising MPs who voted in favour of a law aiming to amend tax laws and make it easier for producers to sell their operations to family members. Bill C-208, introduced by Conservative MP Larry Maguire for the first time in September 2020, is off to the senate for review after receiving approval


(File photo by Dave Bedard)

Cargill buying further into Saskatchewan ag retail

Company to take up other half of Precision Ag

Cargill plans to expand its crop retail reach further into southeastern Saskatchewan by buying up the remaining half of one of its joint ventures in the region. The Canadian arm of the U.S. agrifood firm said Thursday it will buy up crop input retailer Precision Ag for an undisclosed sum, taking up the 50 per

fcc

Manitoba farmland values higher again in 2020

FCC says, on average, this province's land prices rose 3.6 per cent versus 5.4 per cent nationally

Average Manitoba farmland prices were up 3.6 per cent in 2020, slightly below the Canadian average increase of 5.4 per cent Farm Credit Canada (FCC) announced in a news release Monday. A combination of low interest rates, which cut the cost of borrowing money to buy land, and higher farm cash receipts, especially for crops,

drone pilot in cornfield

Young farmers spurred by fundamental human reasons: study

Land access the No. 1 obstacle to starting or continuing farming

Land access the No. 1 obstacle to starting or continuing farming

Young farmers’ motivations to farm despite the obstacles they face are striking and important, says an author of a new study from the University of Manitoba. Researcher Annette Desmarais said she was glad, perhaps a bit surprised to see young farmers wanted to farm so they could spend time with family, be closer to nature, and feel


Livestock producers share their outrage at a last-minute, Oct. 2, 2019 meeting in St. Rose du Lac after the province released incoming changes to Agricultural Crown Lands regulations.

Crown land lease renewals to extend to family transfers

Producer groups had urged the government to add family transfers into their plan for renewing legacy forage leases for the sake of farm succession

[UPDATED: Oct. 6, 2020] Family members taking up the torch on their family’s operations which involve Crown land leases will, in fact, benefit from the right of renewal promised last year by the provincial government. The regulatory change would allow producers who held their grazing or haying lease prior to last year’s changes to renew

Reporter’s Take: COVID-19 too close

My father doesn’t waterski much anymore, although I remember him as an avid skier when I was younger. I remember watching him cut the wake on the slalom, on the wakeboard, and even turning the occasional 180 on the trick skis. Nowadays, though, inviting him to take a turn behind the boat is more likely