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Profit is not a four-letter word
Columns

Profit is not a four-letter word

Investing directly in stocks helps participants learn about the economy and business, allowing everyone who chooses to benefit from corporate profitability

By
There are few words as vilified as the word “profit.” The word “oil” is probably on equal vilification footing, making “profitable oil company,” vilified squared (V² for mathematicians). Given the societal hatred for profits, why are those societies with the strongest profit incentives also those with the highest standards of living? The role of “profit” […] Read more
Tax strategy raises income for couple in mid-life
Columns

Tax strategy raises income for couple in mid-life

The issue is financial efficiency

By
A couple we’ll call Harry, 50, and Margie, 49, own three sections in central Manitoba. They have a mixed farm operation producing hay and grains. They estimate their farm, machinery and inventory is worth $3.5 million. They need $84,000 a year after tax to maintain their way of life. The problem is getting that money […] Read more
Farm Financial Planner: How young farmers can fulfil financial needs now and in the future
Columns

Farm Financial Planner: How young farmers can fulfil financial needs now and in the future

Make a long-range plan to buy a house, educate your children and plan retirement

By
A couple we’ll call Molly and Frank, who are 30 and 33 years old, respectively, farm 1,400 acres of grain and pasture in Manitoba’s Interlake district. They have a new child, Emma, and are looking ahead to the time they will retire. That could be three decades in the future, but, though distant, the exercise […] Read more
Columns

Leverage and the fascinating world of stock options

While the world of stock investing is misunderstood, options are truly the great unknown

By
While the world of stock investing is misunderstood, this pales in comparison to misunderstanding around leverage or options. Leverage is the use of borrowed money to accelerate the purchase of a larger asset than you could purchase with cash. It is often possible to purchase real estate with as little as 10 per cent of […] Read more
Facing and addressing farm financial issues
Features

Facing and addressing farm financial issues

Bad harvest weather. Low prices. If things look grim, it’s time to get to work

By
When there are financial concerns on the farm, it’s important to address them sooner rather than later, and find a way forward. Financial issues can occur in any business. Reasons for financial distress on farms can be as varied as harvest issues, crop failures, decreased market prices, cash-flow challenges or excessive debt loads. It is […] Read more
The production and inventory information required for AgriStability should be tracked regardless of your enrolment in the program.
Features, News

AgriStability enrolment deadline extended

One more chance to sign up, as farm program deadline extended to July 2, 2019

By
May 1, when most producers were in the field or preparing to get there, the federal government announced the 2019 AgriStability program year enrolment deadline would be extended to July 2, 2019. The extension was in response to the canola dispute with China and gives producers a second opportunity to review their financial risk management […] Read more
A background of hundred dollars scattered on the table.
Columns

Long-term U.S. successes, and blemishes

Adding U.S. stocks to your portfolio brings diversification and a chance to profit

By
Previously, I shared examples from my Canadian portfolio that contributed to long-term investment success. The Canadian market is just three per cent of the world market and isn’t very well diversified, with financial and resource companies dominating. This makes international diversification a key success component. My longest standing stock account is an RRSP. Many years […] Read more
Columns

Evaluating your investment performance

Are you getting your money’s worth when it comes to mutual fund fee structures?

By
There has been a lot of negativity directed towards the mutual fund and financial advisory industries around performance and fees, partly because of the emergence of Exchange Traded Funds (ETFs) with lower fees. Advisors, however, rely on mutual fund fees. My bias is towards taking control with direct stock ownership. This virtually eliminates fees and, […] Read more
One advantage to the Advance Payments Program is that producers only repay the cash advance as they sell the product they took the advance against.
Crops, Features

Cash advances eases interest rate pain

The federal government's Advance Payments Program offers interest free farm loans

By
Over 10,000 producers use the Canadian Canola Growers Association’s (CCGA) cash advance program every year. The program advances around $1.5 billion annually, mainly to grain and oilseeds operations. CCGA is one of largest administrators of the Advance Payments Program (APP) to Western Canadian producers. The APP is a federal government program made available through Agriculture […] Read more
A look at what’s ahead for the Canadian dollar
Cattleman’s Corner, Markets

A look at what’s ahead for the Canadian dollar

Market Update with Jerry Klassen: Expect a slower economy, more debt and likely more taxes

By
The Canadian dollar eroded by 7.8 per cent during 2018 with most of this deterioration coming in the fourth quarter. For cattle producers, this isn’t necessarily negative. Recent data shows that year-to-date feeder cattle exports for the week ending Dec. 8, 2018 were 191,863 head, up a whopping 66 per cent over the same period […] Read more

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