Challenge #5 Tax Management

Reading Time: 3 minutes One of the major benefits of incorporating a farm is that farm net income is then taxed at a corporate rate. The savings vary across the country (see February Country Guide) but for example are about 35 per cent lower than personal income tax rates in Manitoba and for Ontario. In most cases, however, it’s […] Read more

Challenge #6 Dissolving The Corporation

Reading Time: 3 minutes Farm adviser Carl Moore is blunt. “Most people don’t realize that forming a corporation is very similar to marriage,” says Moore. “It’s very easy to get into but the only way out is divorce.” If you don’t think breaking up a farm corporation can be as messy as settling a divorce between feuding husbands and […] Read more


Incorporation may still be the best option for your farm. Read on, though. You and your children could also come to regret it as the worst choice you ever made

Reading Time: < 1 minute While the sun poured into our accountant’s office earlier this spring, my husband and I shifted the conversation from filing income taxes into a direction that many and perhaps most Country Guide readers have wondered about too. Should we incorporate, we ask, or should we stay as a sole proprietorship? According to the 2006 federal […] Read more

A complete set of wrenches seems as essential to farming as owning a tractor. Skinned knuckles from using them is proof you work smart. But, asks Michael Bevans (above left), is your shop actually good for your business?

Reading Time: < 1 minute Why ask dumb questions? Of course doing your own maintenance and repairs makes you a better farmer. How could it possibly be cheaper to pay someone else to do something you can do? Well, lets put the numbers to the test. But be prepared. It won t be as simple as you might think. Like […] Read more


AGbots

Reading Time: 2 minutes By borrowing airline technology, tomorrow s farm equipment will get much, much smaller than you re planning for. And a lot smarter too The airplane industry is already doing it. When those jets soar high over your farm, there s almost never a human actually flying them. Nor is there an air traffic controller actually […] Read more

The Right Storage Decision

Reading Time: 5 minutes It might not always be the investment that makes every farmer’s heart beat faster, or the key decision on every farm. But admit it, grain storage is usually the first thing you notice about a farmyard. Maybe they’re new super-sized steel bins, or lines of hopper-bottom bins, or older wooden sheds. And maybe they’re spread […] Read more


The day that Bruce and Sharon Vandenberg opted to outsource all their marketing is the day their farm really took off. Could the strategy work for you too? Outsourcing

Reading Time: 11 minutes It was the trickle of cars driving up their lane that first opened their eyes. If people wanted goat’s milk that badly, said Bruce and Sharon Vandenberg, maybe it wouldn’t be so totally loony to put a couple dozen does in their barn, just as a sideline while Sharon was home with their growing family. […] Read more

Principal with Interest If you farm in Canada, the odds are that you owe this man’s organization big money. “Big” as in enough to keep you awake some nights. But keep reading. Here’s where Greg Stewart is taking FCC next

Reading Time: 8 minutes At first, he doesn’t seem like the kind of person you owe $17 billion to. Sure, Farm Credit Canada’s national headquarters in Regina is a stunning, shimmering monument. And yes, Greg Stewart’s office here is pristine and elegant in a way you see only in the offices of top echelon executives. Stewart is also obviously […] Read more


The Difference It Makes

Reading Time: 7 minutes It wasn’t cheap. That’s what hits you first. When Heather Broughton signed up for the CTEAM program from the George Morris Centre five years ago it cost them $5,500, a big investment for an averaged-sized farm. After completing the course Heather and husband Greg thought it was so valuable they both signed up for the […] Read more

If you farm in Canada, the odds are that you owe this man’s organization big money. “Big” as in enough to keep you awake some nights. But keep reading. Here’s where Greg Stewart is taking FCC next

Reading Time: 2 minutes At first, he doesn t seem like the kind of person you owe $17 billion to. Sure, Farm Credit Canada s national headquarters in Regina is a stunning, shimmering monument. And yes, Greg Stewart s office here is pristine and elegant in a way you see only in the offices of top echelon executives. Stewart […] Read more