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Tag Archives Business/Finance

A post-long-harvest wrap up
Columns, Markets

A post-long-harvest wrap up

Some marketing advice in the wake of this year’s drawn out nightmare of a harvest

By
I truly hope that by the time you are reading this your harvest has been completed. If not, a spring harvest could bring financial challenges that you’ll need to address to ensure your farm doesn’t end up in undue financial stress because of lost income or a deferred, if any, crop insurance payment in spring. […] Read more
Operating on their own, autonomous tractors are getting set to take the ag equipment market by storm.
Machinery, News

Rise of the ag-robots

Two major brands will soon be ready to introduce autonomous tractors

By
The sight of Case IH’s 400-horsepower robotic Magnum tractor built without an operator’s station at the U.S. Farm Progress Show in August had show goers talking — and talking, and talking. There was a virtual non-stop crowd of onlookers around it from the time the show gates in Boone, Iowa, opened in the morning until […] Read more
Columns

Farm Financial Planner: Switching up a succession plan

When children change their minds, parents revise their farm succession plans

By
Central Manitoba farmers Lloyd, 59, and his wife Ellie, 58, have been running their grain farm for four decades. With 1,920 acres of land they own personally and 960 acres in their farming corporation and reasonably up to date machinery owned by the corporation, they face the common problem of generational succession. They have two […] Read more
Columns

Farm Financial Planner: No heirs? That’s not a problem

A solution for retirement and a legacy for a Manitoba couple with no farm successor

By
In south central Manitoba, a couple we’ll call the Bretts have a 640-acre mixed farming operation. Jack and his wife, Martha, each 61, have a son, 30, with an off-farm job. Their son is not interested in taking over the family business. It’s inevitable that Jack and Martha will want to leave their farm. It […] Read more
Solving problems with life insurance
Features

Solving problems with life insurance

Life insurance, combined with fixed value corporate shares can solve succession problems

By
This month, I asked the experts a very direct question: “Can my incorporated farm business pay my personal life insurance premiums?” The answer was reasonably clear: Certainly, your farm corporation can pay your personal insurance premiums, but in general you will pay personal income tax on the premium amounts because they are a personal benefit to you. […] Read more
Features

Get the most from your accounting

Tax Planning: Accrual financial statements provide the best for management decisions

By
Accrual is the way to go with farm financial statements, according to a farm accounting specialist. “Cash accounting only measures cash, and that has nothing to do with profitability,” says Beverly Johnson, a partner at KPMG Enterprise in Saskatoon. Accrual accounting is the measure of profitability, she says. Johnson has been a farm accountant for […] Read more
Features

Changes coming to capital gains taxes

2017 federal tax rules changes are right around the corner. Are you prepared?

By
If you are a farm business owner considering a sale of capital assets such as land or quota in the next few years, there are some proposed tax changes coming into effect that you should know about today. Two changes have been approved as of the March 2016 federal budget announcement. These will take effect […] Read more
Officially open in May 2016 the Northgate Commodities Logistics Centre is moving 100 railcars per week and has capacity for 2.7 million bushels of grain storage.
Crops, Features

It’s built… and they’re coming

Grain is moving south at Northgate where an abandoned Sask. hamlet once stood

By
A new Canadian-built grain export terminal at Northgate in southern Saskatchewan is booming these days. Actually, the Northgate Commodities Logistics Centre about 60 km southeast of Estevan hasn’t seen too many slow days since the first railcars started rolling south in January 2015. Officially opened in May 2016, the 2.7 million bushel capacity grain terminal […] Read more

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AGCanadaTV: In case you missed it; your national ag news recap for August 8, 2025

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