Are you considering renting out your farmland? If so, there are important tax considerations when making this decision. The rental structure could affect your ability to use the lifetime capital gains exemption, which gives you the ability to save tax on $1 million in capital gains (or $1.25 million as proposed in the 2024 federal […] Read more
Ag Finance
Important to write farmland rental agreements properly
Are you considering renting out your farmland? If so, there are important tax considerations when making this decision. The rental…
‘Precision’ insurance offered
One insurance provider is creating individualized risk profiles for farms, a process the company calls “precision insurance.” “Our goal with…
There can be advantages to retaining an estate lawyer
When you are appointed executor of an estate, there are many advantages to retaining an estate lawyer to assist with…
Must Reads
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On the go NIR moisture meter for combines
New Holland was the first manufacturer in the world to offer farmers OEM, near infrared, or NIR, moisture metering and…
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FMC gets large cereal and insect assets from DuPont
FMC announced early Friday morning that it would be acquiring DuPont’s cereal herbicides business, as ordered by the European Commission…
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Genesis plans huge fertilizer supercentre west of Regina
Saskatchewan-based Genesis Grain and Fertilizer is moving ahead with plans to build the first in what it hopes will be…
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Beer culture reaches the farm
EDMONTON, Alta. — When Shane Groendahl goes to a party, he likes to slap down a growler of his Blindman…
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Combining operations can help families simplify and save
Do you and your family members operate your own individual farming operation? Are your operations interconnected due to combined input…
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It’s truly an art form to get more done with less work
No one told Jean-Martin Fortier and Maude-Hélène Desroches that small-scale organic market gardening was endless hours of backbreaking work for…
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Stories from our other publications
‘Precision’ insurance offered
An individualized insurance product can create different profiles within a single farming operation
One insurance provider is creating individualized risk profiles for farms, a process the company calls “precision insurance.” “Our goal with that tagline is to say you’re not average, so your insurance company should treat you that way,” said Kyle Gibson, AGI3’s lead broker and managing director of operations. Gibson, who staffed the AGI3 booth at […] Read moreEmployment legislation exempts many farming activities
The Saskatchewan Employment Act governs many aspects of the employer-employee relationship in Saskatchewan. Part II of the act sets minimum employment standards that employers are required to provided to their employers in most circumstances. However, these minimum standards do not apply to certain employees, depending on the nature of their employment. For example, Part II […] Read more
Savings plan initiatives can help first-time home buyers
The prospect of home ownership, especially for young Canadians, is becoming less and less realistic. With increases in housing prices and high interest rates, a trend signalling the inability to purchase homes for young Canadians is becoming more and more apparent. That said, there are government initiatives that can assist a first-time home buyer to […] Read more
There can be advantages to retaining an estate lawyer
When you are appointed executor of an estate, there are many advantages to retaining an estate lawyer to assist with your duties. In particular, if you do not have experience preparing the necessary documents to be filed with the court in order to obtain letters probate, you may find that the process is overwhelming and […] Read more
On the go NIR moisture meter for combines
New Holland was the first manufacturer in the world to offer farmers OEM, near infrared, or NIR, moisture metering and nutrient content in real time, while the crop is still in the combine. NIR sensors on CR and CX combines continuously register a large number of parameters including humidity, protein and starch. This provides the […] Read more
Risk isn’t simple
We all want an easy number or label, but it's complicated
Most people want to know what foods are “good” and “bad.” My wife sometimes asks me about whether or not certain foods are “good,” knowing I spend a lot of time listening to food industry and dietary health presentations at conferences, and I generally respond with the annoying answer of “It’s complicated.” Most foods aren’t […] Read more
FMC gets large cereal and insect assets from DuPont
FMC announced early Friday morning that it would be acquiring DuPont’s cereal herbicides business, as ordered by the European Commission to allow the merger of DuPont and Dow. While that deal will now not close until sometime in August, it helps pave the way for the big merger. FMC said it expects its deal with […] Read more
Government defeats effort to change succession tax
The federal government has defeated a private member’s bill designed to ease the tax burden on small business owners, including farmers. NDP MP Guy Caron had been pushing the Liberals to pass Bill C-274, which would have amended the Income Tax Act so the transfer of a business to a child or grandchild was treated […] Read more
Genesis plans huge fertilizer supercentre west of Regina
Saskatchewan-based Genesis Grain and Fertilizer is moving ahead with plans to build the first in what it hopes will be a series of farmer-owned fertilizer supercentres. Genesis confirmed Jan. 27 that it intends to build its first fertilizer storage, blending and distribution centre at Belle Plaine, Sask., west of Regina. The proposed $24 million facility, […] Read more
