Conflict resolution can be a slow process, involving compromise, forgiveness and understanding.  |  Getty image

Sometimes we simply don’t want to resolve conflicts

I recently finished reading The Shepherd’s Life by James Rebanks, a true life account of growing up and working on a sheep farm in England’s Lake District and how the farm moved from one generation to the next and the author’s relationship with his father ebbed and flowed. It is a gritty, honest account of […] Read more

Ag operations caught in crossfire of business tax changes

Large Canadian farms often have multiple corporate structures, such as when parents and grown children and their families are farming together. This has allowed farmers to operate more efficiently and share costs, expenses and capital assets. However, the federal government is amending business tax rules that could affect farm business corporations. Although directed at business […] Read more

Tax rules for selling quota change in January

Changes to federal tax legislation directed at business will also affect agricultural operations starting Jan. 1. Supply-managed farms that may buy and sell quota stand to see significant increases in their tax rates in the new year. What are the options for someone who owns quota in the dairy, turkey, eggs and meat poultry sectors? […] Read more

How to structure debt to weather tough times

Western Canadian farmers have enjoyed some great years recently and farm income statistics confirm it. But this can lead to complacency in financing and debt structure, which can cause problems when markets or weather don’t co-operate. You need to get your financial house in order. Refinancing, or replacing existing debt with new loans under different […] Read more