Business Management

Does it still make sense to incorporate a farm?

March 2019—

Changes to the income tax rules have made it harder to benefit from the small business tax rates within a corporation, but incorporation can still have significant benefits over a sole proprietorship or partnership for many Canadian farms.

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Business Management

7 practices to improve farm management

November 2018—

Farm Management Canada has identified seven practices that are common
among top farmers. One is to have a written business plan that they follow and
review annually. Only 26 per cent of farmers do this, according to an FMC survey.

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Business Management

Stretched too thin? Practice saying ‘no’

September 2018—

Your phone means you’re accessible all the time, which can be good for productivity but really bad for family and work-life balance. Saying ‘no’ includes setting a few smartphone rules.

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Business Management

What happens if a hired farm worker is injured?

March 2018—

You hire a trusted neighbour for seasonal work. The neighbour gets injured on your farm and can’t work again, and his family has to sue to survive. How do you protect the farm and the neighbour’s family?

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