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Sometimes choosing not to take the write offs on equipment depreciation or a new shed can 
and deferring them can pay off the next year, if you believe your farm income with be high.
News, Other

Year-end tax advice you don’t want to ignore

There are many strategies for tax deferral, but be strategic, says a tax specialist

By
It’s year-end tax strategy crunch time. For those farmers who had higher crop returns or have experienced an especially good year, Dec. 31 is the deadline to take advantage of farm tax deferral strategies that can help manage extra income. Tom Blonde, partner at Baker Tilly GWD, said that most farm businesses have plenty of
“During this time of high interest rates, it’s becoming more imperative for producers to use low-interest financing tools.” – Syeda Khurram.
News, Other

Farmers cash in on interest-free loans

This summer the federal government upped the interest-free portion of the Advance Payments Program

By ,
Manitoba administrators of the Advance Payments Program say clients are making use of the increased interest-free portion and borrowing more money. “The amount of the advances have [increased] significantly,” said Randy Ozunko, who manages the program for the Manitoba Pork Council. The APP is federally funded and administered by producer groups. It offers up to
Australian crop production set to skyrocket in 2020-21
Markets, News

Australian crop production set to skyrocket in 2020-21

By
After three years of drought, Australia will see its crop production spike in 2020-21, according to the Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES). In ABARES’s June report, it noted that average to above-average rainfall has greatly assisted Australia’s main winter crops of wheat, barley, canola and chickpeas. However, the report said
Record grain movement in May
News, Other

Record grain movement in May

Another month, another record

By
Canada’s two major railways moved a record amount of grain in May. For CN Rail May marked the third monthly record in a row having shipped 2.5 million tonnes of grain up from 2.4 million in May 2014, it said in a news release June 1. CP Rail moved 2.8 million tonnes of grain in May, beating its previous record set in May
Unlike what many analysts have said in the past, the food sector has never been recession-proof. COVID-19, however, may show us that it is in fact immune to deflationary pressures.
Op/Ed, Opinion, Other

Opinion: Better get used to higher food prices

Food inflation is vastly outstripping price advances in other products

By
Despite a negative inflation rate, recent StatsCan numbers are telling us that we are in for a wild ride at the grocery store. The numbers are also telling. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December 2019, Canada’s Food Price Report forecasted
As farmers are putting their next 
crop in, there’s controversy over how hard hit some producers have been, 
according to the latest income figures.
News

Farm income up amid calls for more farm aid

Do Prairie grain farmers need more government help? Not right now according to one producer

By
Long before COVID-19 disrupted agricultural markets, Canadian farm leaders were lobbying the federal government for money to offset the effect of trade disputes and harvest problems. But the latest farm income figures don’t necessarily back that call, showing, on the whole, Canadian farmers netted more money in 2019 than the year before. 2019 Canadian farm
News

Despite low rates, farm interest costs ballooned in 2019

By
Farm income may have been up in 2019, but expenses kept pace, according to government figures. Both cash receipts and operating expenses after rebates for Canadian farmers were up six per cent to $66 billion and $53 billion, respectively, according to Statistics Canada. One of the biggest increases in expenses was interest, up almost $600
cannabis background
News

Pot crop receipts obscure farm income figures

Measured by cash receipts cannabis ranks fourth behind canola, wheat and soybeans

By
It didn’t take long for cannabis to become a major crop in Canada. It was legalized for recreational use in October 2018. In 2019 cannabis cash receipts of $2.3 billion put it fourth behind canola ($8.6 billion), wheat, excluding durum ($5.4 billion), and soybeans ($2.5 billion). Cannabis narrowly beat grain corn which in 2019 generated
Most of the time markets move in what can be considered a sideways trend.
Markets, Other

Expect the unexpected in markets

When the unexpected hits, price variation can exceed the expected very quickly

By
Last article, I talked about managing risk and uncertainty in the markets. As you might recall, there is an important difference between the two. Risk estimates everything we think might happen. Risk is our guess about what the future holds. More precisely, it is the range of things that might happen and how probable each
FarmCash currently offers no- and low-interest loans to Alberta farmers against 50 different products.
News

Alberta’s FarmCash considering expanding services to other provinces

By
The Alberta Wheat Commission (AWC) got into the cash advance business last year creating FarmCash Advance for Alberta farmers only, but it’s considering expanding to other provinces, says FarmCash chief operating officer Syeda Khurram. That’s despite a number of other well-established grain and oilseed advance administrators, including the Canadian Canola Growers Association (CCGA), Manitoba Corn Growers Association and

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