While much of the attention around the federal budget release on Monday was focused on the billions of dollars in new spending and programs, the budget also includes a significant measure that will make it more attractive for incorporated farms to purchase certain types of capital, including tractors, trucks, and other farm machinery. The budget,… Read More

Lakeland College’s “Leading, Learning, The Lakeland Campaign,“ is seeing a significant amount of support for programming and research initiatives focused on agriculture technology. MNP — a national accounting, tax, and business consulting firm for Canadian agriculture — has donated $90,000 to the program, which will help fund equipment for the Agriculture Technology Centre at the Vermillion… Read More

What comes to mind when you hear the term “accrual accounting?” Perhaps you flashback to filing your taxes last year when your accountant suggested switching to accrual accounting, but you’re weren’t sure what it meant and why it would be worth the hassle. Maybe your mind immediately goes elsewhere — what’s for supper tonight? Well, as dry as it may sound,… Read More

Creating a business plan and making sure you execute the plan is a very big challenge for farmers. In fact it is a great challenge for all business owners. Agriculture can even be tougher because of the underlying industry foundation of the “agricultural lifestyle.”  Added on top of this is the increased amount of un-controllables… Read More