Reading Time: 4 minutes Somewhere between loading trucks and getting ready for seeding on his family’s farm near Fort MacLeod, Alta., Stephen Vandervalk stops midway through our conversation, breathes deeply and tilts his head. “I can’t even imagine trying to operate without a corporation,” he says. “How could we compete to buy land at 35 to 45 per cent […] Read more
Incorporation pushes farms into higher gear
With 30,000 incorporated farms on 50 million acres, farm incorporation is on the rise in Canada, and not just because of the tax savings. In fact, these other benefits can be even more valuable
Small business corporations hit by new tax rules
Some major changes to how Canada Revenue Agency handles small business corporations are costing incorporated farms, especially those focused on expansion
Reading Time: 2 minutes Tax rules change. Some governments try to lower taxes, others claw back those tax wins. Currently, Ottawa seems to be gnawing away at what some see as the very foundation of this country’s economy, small business profits. Incorporated businesses may be losing some of the tax advantages they’ve had over sole proprietorships, but are still […] Read more
‘Senior’ management
At 82, Amilcare Merlo is still planning the long-term future of the company that will be his legacy
Reading Time: 5 minutes In February I was invited to tag along with a group of dealers and their customers as they paid a visit to telehandler manufacturer Merlo’s assembly plant just outside the historic old city of Cuneo, Italy. When everyone had arrived, we stood on a balcony at the plant and watched several telehandlers go through a […] Read more
Small SWOT, big ideas
Summer Business: This exercise to determine strengths, weaknesses, opportunities and threats can be a best next step for smaller farms
Reading Time: 4 minutes Over the last four years Ontario organic farmer and consultant David Cohlmeyer has completed over 20 business plans for smaller and medium-sized farms. But before doing a business plan, with updated budget, balance sheets, marketing plans and cash flow statements, Cohlmeyer works with the clients to do a SWOT analysis. “It’s a tool, a good […] Read more
650,000 blue jackets
Future Farmers of America brings more young people into agriculture, and gives them the tools to succeed
Reading Time: 5 minutes There are almost 650,000 of them spread across the United States, Puerto Rico and the Virgin Islands, and they can be found everywhere from large, urban cities to small, rural towns. Every single one of the 650,000 is also a unique individual, with their own background and interests. But there is at least one thing […] Read more
Build a learning farm
This summer, start your lifelong educational strategy
Reading Time: 9 minutes Farmers always have their hands full, so it’s not always easy to think that signing up for a seminar, conference or training course is a wise investment or a good use of time. The business case, however, is pretty clearly in favour of doing just that. “If you look at it purely from an economist’s […] Read more
Stress tests for change
Here’s a quick way to keep your eye on your cash flow projections this summer to help you plan loan payments and expenses this fall
Reading Time: 4 minutes Knowing how to read and understand financial statements is one of the first steps in assessing financial risk, helping you track how you’re doing compared to previous years (or against sector averages), and how any changes may have an impact on your bank account. From a financial perspective, stress testing can be the ultimate proactive […] Read more
The next big disruption in agriculture
Sometimes a shock to the system can be a very good thing
Reading Time: 6 minutes In the business world, there’s a term to describe an event that completely changes an existing industry or market. It’s called a disruptor, and it changes how we think, work, and do business. It can be argued that agriculture has gone through three major disruptions in the last century: the mechanization of farming; the arrival […] Read more
Know your farm financial numbers
Which financial ratios could you be tracking this summer to make the best decisions this fall?
Reading Time: 8 minutes Farming is a tough business. Weather risk, volatile markets, potential trade issues, input costs, and the steep investment in land and equipment mean today’s farmers must have formidable management skills to weather the storms and grasp the opportunities. In that context, your financial numbers are a lot like the numbers you get from the field, […] Read more
The role ahead for women in agriculture
Unless farm women get more power and a bigger share of the farm voice, Krysta Harden believes agriculture will fail its greatest tests, feeding the globe and reconnecting with consumers. Summer, she says, is a time for change
Reading Time: 5 minutes It begins with a little girl, her face splattered with freckles, ambling up a dirt lane on a Georgia farm where her ancestors first broke ground. On either side, rows and rows of peanuts defiantly poked through the sand to thrive under the southern sun. Inside the clapboard farmhouse at the end of the lane, […] Read more
A message from April Stewart, Country Guide's Associate Editor
