Farm business Archives - Page 53 of 54

It Was As Much Luck As Good Planning That Saved Them Hundreds Of Thousands Of Dollars When The Gregorys’ Barn Caught Fire Last July. Now They’re Warning Other Farmers To Learn Their Lesson

By Allan Dawson April 14, 2009

Reading Time: < 1 minute The 9,000 square-foot honey house and storage building that Paul Gregory and his brother Lee and their families owned as part of a farm and forage seed business near Fisher Branch, Man., burned to the ground July 15, 2008. Today, they consider themselves lucky. While the metal-clad building and all its contents were destroyed, nobody […] Read more

Guide Business

Covering Your Assets

By Allan Dawson March 30, 2009

Reading Time: < 1 minute It was as much luck as good planning that saved them hundreds of thousands of dollars when the Gregorys’ barn caught fire last July. Now they’re warning other farmers to learn their lesson The 9,000 square-foot honey house and storage building that Paul Gregory and his brother Lee and their families owned as part of […] Read more

Guide Business

“For many families and individuals, a partnership is exactly the right way to go. But if you start wrong, it can get ugly real fast.”

By Don Mccannell March 30, 2009

Reading Time: 4 minutes Every partnership today must start with a strong partnership agreement. There are no exceptions Not every decision is meant to or should last a lifetime. A partnership can be the perfect option for you and your family, or for you and perhaps a cousin or another farmer who shares your objectives. But that doesn’t mean […] Read more

Columns

“ I’d Never Tell You To Ignore Your Accountant, But…”

By Steven Biggs February 9, 2009

Reading Time: 2 minutes Experts see succession through their own lenses. What your accountant thinks is best for taxes might not jibe with advice from your lawyer or retirement planner. You’ll see it below from five experts who talked to us after one succession workshop hosted by the Canadian Association of Farm Advisors. The only point they all agree […] Read more

News

Top my top 10 list

By Tom Button January 9, 2009

Reading Time: 2 minutes It’s never been tougher to predict the future of agriculture. Amid the very real challenges, we can all agree there are also some potential opportunities ahead. But who is going to seize them, what will their farms look like, and will their lives be anything like the lives of today’s farmers? Do what I did. […] Read more

News

Three agri-businesses share how they successfully used mentoring to build success

By Helen Lammers-Helps January 9, 2009

Reading Time: 3 minutes It used to be that mentoring had to mean a more experienced person helps a less experienced person develop in a specific capacity. It still can mean that. Now, however, companies are taking mentorship much further by formalizing the process and even using a “bottoms-up” approach where younger, tech savvy employees can share what they […] Read more

News

Your business and personal strategies

By Peter Lantos January 9, 2009

Reading Time: 2 minutes You have worked hard to provide for yourself, your family and your business legacy. Make sure you have the right types and the right amounts of insurance Operating most farms is highly capital intensive. If you are like many farmers, you are asset rich and cash poor. You pour all of your hard earned money […] Read more

News

Here’s what Jim and Phillip Callaghan experienced — and what they learned — when they took a business approach to their farm expansion

By Maggie Van Camp January 9, 2009

Reading Time: 2 minutes Their goal was clear, just as it is on many farms across Canada. With growing families, brothers Jim and Phillip Callaghan needed to expand their Peterborough, Ont. home farm to generate additional income. In this case, the Callaghans are dairy farmers, so it made most sense to them to double their milk herd to 300 […] Read more

News

A first-hand account of how a succession plan could have helped

By Jim Scott December 15, 2008

Reading Time: 3 minutes A crisis can seemingly jump out of nowhere and threaten any business’s operations, especially for business owners like farmers or ranchers. Having a crisis plan in place to deal with such an emergency can help maintain your business’s operations, and also ensure its longevity. Take for example the case of the Doe family. This is […] Read more

News

How an RESP can help transfer the farm to the next generation

December 15, 2008

Reading Time: 2 minutes Farm advisor Ted Clysdale has farming friends with a common problem. What isn’t common, he says, is a possible solution. Clysdale’s friends have three children entering their teen years, and the parents are struggling to find ways to double or triple their farm income so the children can potentially join the family business. Instead of […] Read more

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Farm business

It Was As Much Luck As Good Planning That Saved Them Hundreds Of Thousands Of Dollars When The Gregorys’ Barn Caught Fire Last July. Now They’re Warning Other Farmers To Learn Their Lesson

Covering Your Assets

“For many families and individuals, a partnership is exactly the right way to go. But if you start wrong, it can get ugly real fast.”

“ I’d Never Tell You To Ignore Your Accountant, But…”

Top my top 10 list

Three agri-businesses share how they successfully used mentoring to build success

Your business and personal strategies

Here’s what Jim and Phillip Callaghan experienced — and what they learned — when they took a business approach to their farm expansion

A first-hand account of how a succession plan could have helped

How an RESP can help transfer the farm to the next generation

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