Reading Time: 5 minutes In previous columns we have looked at how critical it is that you make the best possible decision about how you structure your farm business, and we have looked in detail at proprietorships, partnerships and incorporation. Another process we are using more and more often is the joint venture. A joint venture may provide you […] Read more
Is your next step a Joint Venture?
Should You Incorporate?
Reading Time: 4 minutes The last couple of years have been good to many producers with grain prices and strong yields, and many farm businesses are moving to incorporate for reasons that range from reducing their taxes to building reserves for those tougher years that are guaranteed to come along in the farm cycle. This is why, when I […] Read more
“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.”
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
Beyond Proprietorships
Reading Time: 4 minutes We should be worried about the way we structure our farms. Each of us should have a plan to learn about our alternatives, primarily by assembling a trusted team with legal, financial and business planning expertise. The stakes are large. As a founding director and member of the Canadian Association of Farm Advisors (CAFA), I […] Read more
A message from April Stewart, Country Guide's Associate Editor
