The value of good data
Is now the right time for new equipment? How much profit will you see from this year's crop? Analyzing the numbers is easy when you have accounting software designed for agriculture. There are a number of ag-specific accounting software programs on the market. Which one is right for you?Apr 29, 2016
Farm accounting continues to evolve
Software expert Karen D. Wright of North Battleford, Sask., has seen a lot of changes in ag accounting software over the years, both in performance and farmers' expectations.Sep 7, 2016
Cut tax bills with lifetime capital gains exemption
The lifetime capital gains exemption can provide farmers with large tax savings; it's important to know how the rules work.Nov 3, 2016
Know the tax rules before selling grain in the U.S.
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.Sep 7, 2016
Buy or lease farm equipment: Which option is right for you?
Deciding whether to buy or lease farm equipment can be a difficult decision. Lance Stockbrugger explains the differences between buying and leasing in this video.Sep 7, 2016
Understanding financial ratios key to farm health
Financial ratios are used to look at liquidity, solvency and profitability of agriculture. Knowing these ratios is a first step in building the financial picture of your operation.Sep 6, 2016
Calculating payback period – a helpful tool to assess projects
The payback period and discounted payback period are two useful methods to evaluate the time it will take to recover the capital outflow of an investment project.Oct 10, 2017
Calculate your true costs
Knowing your cost of production and your cash flow needs are essential elements of a good marketing plan.Sep 7, 2016
Why now is the time to get tax info in order
The start of a new year signals an opportune time to begin organizing and planning tax information for 2018.Jan 11, 2018
Farm debt and interest rates: What’s the connection?
Income is the primary source of repayment for loans. In this point, we'll look at interest rates and the risks they pose for the capability to meet financial obligations. Explore how to focus on efficiency to control costs, boost income and protect the ability to repay debt.Mar 21, 2017