GFM Network News

Bibeau not considering closing AgriInvest accounts

Minister wouldn't order farmers to pull funds

Federal Agriculture Minister Marie-Claude Bibeau is not considering ordering producers to withdraw from their AgriInvest accounts. “Not in this way. All the options are on the table for the future, but I’ve never considered asking them to withdraw, to empty their accounts, to face COVID-19,” she said in an interview Friday. Bibeau had previously expressed […] Read more

Farm Financial Planner: Estate planning with an out-of-date will

Passing the farm to the next generation when Dad’s will doesn’t mention the kids

A woman named Ruth, 65, and her late husband Max, who recently passed away at 66, farmed 1,600 acres in Manitoba’s Interlake region for the last four decades. Ruth continues their mixed farming operation with 800 acres of grain and the remainder in pasture and hay for what was, before they sold them, a small […] Read more

Editor’s Column: The farm income news is not good news

What exactly is “realized net farm income”? 

The news app on my phone keeps bringing up more worrying headlines about agricultural trade problems that will lead to lower farm prices. Twitter is full of grim photos of durum headed out before its time and canola crops with bare patches. I won’t write here that, as of the end of June, crops in […] Read more

Farm Financial Planner: A smooth transfer on the way to retirement

Planning smooth generational transfer to six children keeps Manitoba farm in the family

A couple we’ll call Jack and Susan, ages 56 and 54, respectively, farm 2,240 acres in central Manitoba. The third generation of their family to farm in Manitoba, they began three decades ago with 640 acres and expanded by renting an additional 1,600 acres of cropland. About 15 years ago, they incorporated their grain production […] Read more

Writing those monthly paycheques

Are we farmers paying ourselves as much as we’re paying our hired help?

The paycheques have been signed for another month and it brings to mind the joke about the tax man and the farm owner/operator having a conversation about wages: “I need a list of your employees and how much you pay them,” demanded the agent. “Well,” replied the farmer, “there’s my farm hand. I pay him […] Read more