On today’s episode of RealAg Radio hear from Steve Funk, with MNP, about potential changes to business risk management under the new Sustainable Canadian Agricultural Program. Also on the show is Josh Linville, with StoneX, with a fertilizer market update, and learn about a new program called Farmer Coach, from Kristjan Hebert and Evan Shout…. Read More

Bill C-208, an act to amend the Income Tax Act, received royal assent in June of 2021. The act, which governs the rules and regulations regarding the transfer of agriculture businesses between family members, was applauded by many in the farming industry. Farm business advisors and accountants might be telling farmers and ranchers that changes… Read More

Year-end financial statements aren’t just for year-end reviews — especially if they happen months after the year-end. Realistically, if you’re not reviewing the books until months later, the decisions being made in the present aren’t fully informed by the reality of the business situation, says Lisa Miller, partner with MNP Agriculture, based at Edmonton, Alta…. Read More

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

 

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