In this edition - October 4, 2019
Working with family in the farm business is not the same as working with employees you don’t share a blood bond with.
Working with a farm adviser is more than a one-on-one conversation. Multiple interests, backgrounds and expertise can combine to help move a farm forward.
Profitability in the Canadian hog sector is projected to trend up slowly in 2020 amid continued trade tensions.
In case you missed it
While selling grain to the U.S. is becoming easier, Canadian farmers likely need to file a U.S. federal income tax return with the American Internal Revenue Service (IRS) to avoid facing major penalties.
Farms are expensive. For families in transition, ensuring the next generation has enough capital to buy the farm while leaving the previous generation with enough to retire can be challenging.
When transitioning families are contending with both farming and non-farming children, some financial advisers say smaller financial gifts given earlier in life can alleviate some concerns.