Farms.com Home   News

Canola Council of Canada's "4R Advantage" program help growers recover costs

As harvest wraps up farmers are turning their attention to other tasks, like soil testing. 

Testing in the fall can give farmers more time in the Spring when they are trying to get the crop in.

It also helps with purchasing plans, like buying fertilizer now, before the price increases in the Spring.

Canola Council of Canada Agronomy Specialist Warren Ward says soil testing is a way for growers to determine just what nutrients are in the soil.

"It's always good to know how much is left in there. So, that when you are planning for next year you can know that maybe you don't need to apply the full rate, that you would have without that carryover. In other areas where yield was more normal, or they hit their yield target. Chances are there's going to be less nutrient reserves left in that soil."

Click here to see more...

Trending Video

2024 AGM Day 1 Panel - Succession Planning & Risk Management

Video: 2024 AGM Day 1 Panel - Succession Planning & Risk Management

Statistics Canada’s 2021 Census of Agriculture indicates that 75% of all farms operating in Canada operate as sole proprietorships or family partnerships. While incorporated farms make up just over a third of Canadian farm operations most of those are also family-run corporations. If the issue of farm succession planning is not on the minds of Canadian farm producers, it probably should be. That same Statistics Canada Census of Agriculture indicates that the average age of a Canadian farmer is 56 years of age with the 55 plus age group becoming the fastest growing segment in Canadian agriculture.

Despite these statistics, the same Census reports that only 1 in 10 Canadian farm operations have a formal succession plan. While each farm has its unique issues when it comes to transferring the business to the next generation, there are some common topics that almost all farmers must address. Join financial, legal, and tax experts to learn about how to begin the process, key tips on ensuring a smooth transition from one generation to the next, and how to manage the strong emotions the topic can create within the family.