GFM Network News


“We have a strong connection to our land,” says Howard Besser, with wife Jannette. “It’s hard to up and sell.” A phased approach proved to be their best answer.

Winding down: How will Canada’s aging farmers sell their land?

As the Besser family discovered, it can pay to play the long game

Reading Time: 5 minutes In 2011, Howard and Jannette Besser found themselves at a crossroads. The pair, who farmed 3,000 acres near Plumas, Man., had reached their 50th birthdays, their sons were not interested in farming, and they could see they’d have to start purchasing bigger, newer equipment if they wanted to carry on. “We decided to step out,” […] Read more

Sollio outlines pandemic recovery plan for food sector

Support sought for automation, digitization, telecommunications

Reading Time: 2 minutes Ottawa — One of Canada’s largest agri-food companies has laid out a five-point industry recovery plan for federal politicians to consider. During a meeting Tuesday of the Commons standing committee on finance, the president of Quebec-based Sollio Co-operative Group shared plans to limit consequences of the COVID-19 pandemic on the agrifood supply chain. Sollio employs […] Read more


Investment in a broad range of agriculture and food sectors, including the agri-environmental field, are planned.

Funds for agricultural innovation

Partnership aims to send the message that agtech is a great place to invest

Reading Time: 4 minutes Developing an “innovation ecosystem” across Canada and increasing the nation’s competitiveness in the global agriculture and agri-food industry are the goals of a new partnership between Bioenterprise Corporation and Farm Credit Canada (FCC). “FCC is the Canadian standard for financial support and banking in agriculture and agri-food in the country,” says Dave Smardon, president and […] Read more

Farm kids often get plenty of experience on the production side of the business, but aren’t taught about budgeting or financial statements.

How to make your kids more financially literate

Don’t overlook how powerful it is to teach your children about managing money on the farm

Reading Time: 4 minutes Financial literacy is essential for everyone, but it is particularly critical for farmers. Defined as “the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being,” it’s a must in modern agriculture. Parents agree. They want their children to be financially independent. Yet Stephanie Szusz, who works in […] Read more


If you’ve bought equipment available to use after November 20, 2018 and before the year 2024, you can write off three times the normal tax deduction under new federal rules.

Tax change: Depreciable purchases written-off faster

For farmers and agribusinesses the new measures will provide a larger tax write-off sooner

Reading Time: 3 minutes This past fall the federal government introduced the Accelerated Investment Incentive, giving Canadian businesses the ability to write off capital expenditures faster. Encased in its 2018 Fall Economic Statement, this incentive allows farmers and other businesses more depreciation in the year an asset is purchased … a lot more. The idea is to spur business […] Read more

Is it time to rethink your farm debt?

Debt has soared with farm income. For most farms, that’s good. But what about yours?

Reading Time: 5 minutes Over the past decade, the consensus among Canada’s ag economists has been clear. Yes, farmers have accumulated more debt than ever. But the debt load is manageable. There’s no looming crisis. Now, however, with the prospect of a series of modest interest rate hikes, can we still be so complacent? First, let’s look at the […] Read more


Spouses are realizing that farm operations require a much more structured business planning approach.

Between spouses

Formalizing the informal partnership

Reading Time: 3 minutes Joint ownership between spouses has been a long-standing fixture in the farming community, with each holding equal influence when it comes to making key business decisions. It is widely acknowledged and recognized that spouses are key influencers in business decisions. They have always stood front and centre in financial negotiations, are equal participants in professional […] Read more

Advisor vs. adviser

Are you sure you should trust the person who is advising you on your financial future?

Reading Time: 7 minutes Life, business and farming are all becoming increasingly complicated. As a result, individuals in every walk of life, including farmers, are turning to advisers for help. The public has an expectation that these advisers are highly trained, that they are experts in their field, and that they will work in the best interests of the […] Read more


Managing your foreign exchange risks

Are you ready to deal with volatile currency values and their potential impact on your net income?

Reading Time: 4 minutes Canada is now the fifth-largest exporter of agricultural and agri-food products in the world. As an export-focused industry, Canadian farmers are regularly exposed to the often-volatile currency exchange market. And while exchange rates have always moved, the fact that we are now so closely linked to a global economy has heightened our exposure to the […] Read more

Create your foreign exchange strategy

Can you afford to be exposed to the risks of volatile currency markets?

Reading Time: 3 minutes When it comes to managing risk to their operations, farmers are well versed in the usual suspects — whether that’s risks in the field like adverse weather, disease and equipment failure, or whether it’s spiking interest rates, lack of adequate cash flow, or being over-leveraged. But one often overlooked risk is when dealing with foreign […] Read more