Discussions on opportunities for Canada’s high-quality wheat, the challenges facing our wheat industry (market access, glyphosate, public trust), the role of New Crop Missions, and how Cereals Canada works towards the advancement of Canadian’s wheat industry on the global stage.
2019
Good record keeping holds more value than just your tax situation. Many producers leave their books in the hands of their accountants with little regard for the value of the information they hold. Let’s explore how that information can improve your bottom line and keep you informed in real time. Good data is vital for decision-making, conversations with your banker and long term planning around the table. Join Sharon as she explores the importance of having current financial information and the potential uses for that information.
Small to medium sized farms are often left with the impression that they aren’t competitive and that they don’t have a future. However, smaller operations can often be highly profitable because they have cost advantages and can be more nimble in taking advantage of opportunities that may require more time and effort than larger operations are willing to invest. Don’t feel inferior to larger operators with bigger and newer equipment. Watch your bottom line and look for opportunities. Kevin will have interesting and useful information for farms of all sizes.
Many farm operations are incorporated, and they need to be for tax purposes so that they can manage cash flow and help minimize taxes, however so many individuals are not treating their corporation for what it is – a deferral. As farmers, we are allowed the cash basis of accounting and so we are very familiar with deferral of taxes, but some day it catches up with us. I will explain how some ongoing tax planning and a pay yourself strategy can pay you dividends when it comes to retiring or winding down your operation.
Land is the foundation for every farm. However, land rents have never been higher, making decisions riskier than ever. Join Darren as he reviews ways to make effective decisions on land rents, discussing everything from rental amounts to components for a successful agreement. Whether you are a landlord or a producer, profitability can still be attainable for both with the right agreement.
Doug has started a business from the ground up and is going to speak about running a successful business from his farm shop. Doug will touch on four main thoughts in his presentation 1) How to think big when you are still small 2) How to build a brand and what that means 3) How building relationships are important and 4) How to maximize your time and space.
