Marketing Sheep through Auctions

March 5, 2020

When marketing sheep in Canada, farmers have three major routes; live auction, contract with an abattoir or direct marketing to consumers. The most common route is through a public live auction. The sheep are sold by the pound for what they weigh when they arrive at the sales barn. Sheep prices are seasonal and cyclical. […]

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Think before you grow

Farming has lots of sayings about “go big or get out.” Growth in agriculture is usually measured in more acres, more livestock and frequently bigger debt. Before growth, you should worry about profitability and management. The benefits of economies of scale are much smaller than many farmers realize. There is a sweet spot for farm […]

Profitability Over Growth

February 28, 2020

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More Than A Handshake

February 21, 2020

Farmers pride themselves on the farm code of honour. There have been a lot of business deals in agriculture that function on a handshake or a verbal promise. And while a verbal agreement can be considered binding, paper documents are better protection. If it isn’t on paper, you have nothing. I’m going to over three […]

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There are two big topics that you will only really find on a farm tax return. Financial losses and inventory are treated differently for farm businesses than for other businesses. Farms have a couple of unique accounting and tax guidelines. Today I will cover the differences between restricted and unrestricted losses as well as mandatory […]

Farm Taxes – Losses & Inventory

February 15, 2020

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MAn in field

Farm Full-time

February 8, 2020

Make your farm profitable, pay yourself and you can quit your off-farm job.

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Hard at work

Its an unfortunate truth but I have yet to meet a farmer that did not at one time or another have a reliable source of off-farm income. Since this is an important part of the process of saving up for your farm and during the start-up phase of your farm, I have a couple of […]

Off-farm Income Factors

February 5, 2020

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Pen and paper

CALA Loans

February 2, 2020

If you are farm shopping, you should definitely look at the CALA loans. CALA stands for the Canadian Agricultural Loans Act. The program is a loan guarantee program by the Canadian federal government. Farmers can use these loans to establish, improve, and develop their farm business. The CALA loans are a great option if you […]

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Unless you are planning on having a hobby farm or simply want to live in the country, starting your farm is essentially starting up your own business. You are an entrepreneur just as much as the shopkeeper on Main Street. This means you should seriously consider how you intend to structure your business before making […]

Business Structures

January 30, 2020

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Cape Breton

Farming in New Brunswick & Nova Scotia

January 26, 2020

One of the regions of Canada that still offers an opportunity to purchase affordable land and start a farm business is the Maritimes. I would like to give a huge thank you to Kim Waalderbos for her assistance in putting together this resource guide to farming in New Brunswick and Nova Scotia. Let’s start with […]

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On the weekend I released the Budget Primer which outlined the very barebones basics of budgets. Part of the process of budgeting is to do your research. Without research, you’re bowling in the dark, you have no idea what to expect and how to manage your risks. As a farmer, a major risk you will […]

Scenario Planning

January 24, 2020

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