Young Farmer Carrying a Bale of Hay

How to enrol your farm workers in WCB

Farm Management: Now that you want to sign your farm up for Workers Comp, here’s the “how to”

Now that you know why you should enrol your farm in Workers’ Comp here’s how to do it. In Alberta, applying is as easy as visiting the Workers’ Compensation Board Alberta website (www.wcb.ab.ca). There’s a search engine on the main page. If you search for “farm,” you’ll get to a page called “Farming Coverage.” Right […] Read more

Solving problems with life insurance

Solving problems with life insurance

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

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


(Manitoba Co-operator file photo by Laura Rance)

Advance payment program widened, streamlined

More types of livestock will be eligible and more types of security will be allowed for Canadian farmers to get federally-backed advance payments starting this year. Amendments to the Agricultural Marketing Programs Act (AMPA), made last February as part of the former Conservative government’s omnibus Agricultural Growth Act, have made regulatory changes possible for the […] Read more

Protect grain sales against non-payment

Protect grain sales against non-payment

The FNA's Market Power Assurance program can insure you potentially risky sales

While the Farmers of North America’s forays into fertilizer production (Project N) and distribution (Genesis) have been getting a lot of attention, the FNA have also launched another program that might be useful on your farm. The FNA’s Market Power Assurance program protects farmers when the buyer does not pay. “It’s interesting how many farmers you […] Read more


Low interest rates: opportunity and peril

Low interest rates: opportunity and peril

Low interest rates are tempting, but in the long run, debt always comes with a risk

Almost every Canadian farm family has four financial goals: buy a home, pay off farm and home debt, educate the kids and build up retirement savings. Satisfying all is a problem of balancing each. Very low interest rates for the last five years have made it easier to pay off debts and buy a home, […] Read more

What level of risk are you prepared to take on, and what price will you pay to reduce your overall risk?

Production, profitability and protection

The paper side of farming: A successful farm needs to turn a profit every year

Over the past few months we have seen a number of events unfold around the world that have sent grain markets tumbling, some to four-year lows. Devaluation of the Chinese Yuan, and subsequent sell off in the Chinese stock markets, 10-year lows in oil prices and a six-year low for the Canadian dollar. Overall, across […] Read more