Reading Time: 3 minutes As cattle producers, you and I have been helping to fund Canadian beef research since 2002 by paying checkoff every time we sell an animal. The work that’s been done with that money has benefited the industry as a whole and at the individual farm level because of the information and innovations that come as […] Read more
Opinion: Why the cattle checkoff should rise
Canada’s beef industry has a bright future but innovation is key and costly — and the current levy simply isn’t enough
Worried about federal tax changes? There’s an alternative, say experts
Federal Liberal bid to close ‘loopholes’ will increase taxes on most farm corporations, but there’s a way to avoid that hit
Reading Time: 3 minutes Proposed federal tax changes aimed at ‘income sprinkling’ and other tax reduction measures used by corporations — including those owned by farmers — have ignited a storm of controversy. But there are “a lot of other tax strategies” that farmers can use, say financial planning experts. In July, federal finance officials announced proposed changes to […] Read more
Prairie grain growers have a big stake in NAFTA talks
Trade deal has produced great benefits and can be made even better
Reading Time: 3 minutes The North American Free Trade Agreement has been a boon for Canadian agricultural producers, facilitating cross-border trade and commerce, and fuelling the economic performance and growth of this highly export-driven sector. It has achieved this mainly through the continued reduction of tariffs on agricultural goods, but also through measures addressing non-tariff trade barriers, sanitary and […] Read more
Don’t let that pretty quarter section turn your head
Spring is a busy time for farmland sales, but make sure you don’t wind up with buyer’s regret
Reading Time: < 1 minute Spring is a prime time for buying land, but don’t rush into a purchase, says a provincial farm financial specialist. “With farmland prices continuing to appreciate, a well-researched financial and ownership plan will guard against ill-prepared land purchases,” said Rick Dehod. “So do your homework before making a final decision.” Read more: FCC sees increase […] Read more
Canola ripples felt widely through the Alberta and Canadian economies
The crop now contributes $26.7 billion a year to the Canadian economy, with a quarter of that in Alberta
Reading Time: 2 minutes Like a rock thrown in a lake creates ripples on shore, a new study shows the canola sector’s impact is growing large, causing ripples to turn to waves. Canola’s contribution to the Canadian economy has tripled over the past decade to $26.7 billion a year, according to an independent analysis done for the Canola Council […] Read more
Online tool gives snapshot of farm’s fiscal health
Analyzer uses eight numbers from the year-end balance sheet to quickly produce 11 key financial ratios linked to industry benchmarks
Reading Time: 2 minutes To help producers be aware of the ratios for their farm businesses, Alberta Agriculture and Forestry has a decision-making tool called the ABA Simple Farm Ratio Analyzer. Start with your year-end net worth statement (the balance sheet for 2016), which is also your opening net worth statement for 2017, said farm finance specialist Rick Dehod. […] Read more
Judge free trade by what we have lost
Farmers’ share of food profits has declined as has rural Canada’s economy, while farm debt and food imports have gone up
Reading Time: 3 minutes Over the decades since the Canada-U.S. Free Trade Agreement (FTA) and later, NAFTA, was signed, Canadian agriculture has undergone a significant shift. There was once a multitude of diverse local and regional economic drivers, but now we have a “one-size-fits-all” export-driven, low-priced commodity production model. Farm capital needs have skyrocketed as illustrated by the massive […] Read more
Give Trump a chance and ‘play this wisely,’ says Brian Mulroney
Make the case that trade helps both countries, go slow on environmental taxes, and make friends in Asia, says the former PM
Reading Time: 3 minutes Be patient. And don’t worry too much just yet. That’s the advice of former prime minister Brian Mulroney for those wondering what Donald Trump’s presidency will mean for this country. “I know you’re wondering how Canada will fare under the Trump administration,” Mulroney said at FarmTech. “I’ve had the privilege of knowing both Hillary (Clinton) […] Read more
Homelessness a hidden problem in rural Alberta
Affordable rental units, especially for families, are in short supply in most small towns and rural areas in the province
Reading Time: 4 minutes It’s easy to assume homelessness is a big-city issue. While not as visible, the shortage of adequate, affordable housing is also a very real challenge faced by many rural communities. “I’m a strong believer that everyone deserves a place to call home,” said Joshua Benard, the passionate project manager for a Sustainable Housing Initiative at […] Read more
Chuck the crystal ball — protect your downside
If you’re worried about missing big rallies and don’t like delivery commitments, then consider options, says David Derwin
Reading Time: 5 minutes David Derwin has one piece of advice for farmers wondering where markets will go in 2017: “Expect the unexpected.” “A lot of the marketing advice out there is about trying to guess where the market is going to go, and I think too much time is spent there,” said Derwin, an investment adviser with PI […] Read more
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