Although not a common practice for most farmers, a lawyer is urging more farmers to consider consulting their legal advisor prior to purchasing pricey farm equipment. This advice comes after one Saskatchewan farm lost their legal battle and appeal against an ag dealership. In this specific case, James and Merrylyne Coward claimed the dealership they bought… Read More

On Friday, the Canadian dollar rose nearly a cent relative to the U.S. dollar. The sudden ‘strength’ came from a couple of sources. First, more confidence that the Bank of Canada will continue the path gradual rate hikes; second, a weaker U.S. Dollar. Recent Canadian economic data warrants the Bank’s outlook for gradual rate increases…. Read More

Area One Farms, an investment firm that builds equity partnerships with Canadian farmers, has announced the launch of Area One Farms Fund IV and Fund V. The two funds will offer investors the “opportunity to invest in equity partnerships with Canadian farmers and farmland.” According to a press release, Fund IV will offer Canadian institutional… Read More

“Fair” must be one of the most commonly used words in the English language. It most certainly is one of the most dangerous. It gets used and thrown around with reckless abandon every day. Don’t believe me? Here’s are some examples: Farm succession: “Let’s make sure we split up the farm so it’s fair for… Read More

Precision agriculture company Farmers Edge has plans to disrupt the crop insurance industry, announcing an agreement with global reinsurer PartnerRe on Tuesday. The four-year deal will see Farmers Edge and PartnerRe jointly develop new agriculture insurance products based on field data that Farmers Edge already collects for agronomic reasons. “For the longest time we’ve been… Read More

Resilience is defined as the capacity to recover quickly from difficulties. Agility refers to an ability to move quickly and easily. In a farm business, resilience and agility go hand-in-hand with liquidity and working capital — the ability to put up cash in a short amount of time. “Those are the kind of metrics we… Read More

The federal government has decided to not make any changes to how it treats deferred cash purchase tickets for grain after proposing in the 2017 budget to potentially eliminate the option. Many farm groups voiced their opposition to the idea of dropping the income tax deferral mechanism during consultations held in spring and early summer…. Read More

 

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