ISSUE # 148 – February 2019
This update is designed to provide you with concise, up to date agricultural business information with links to where you can find the details.
- Business Strategy / Business Planning
- Financial Management
- Human Resources
- Production Management
- Risk Management
- Conferences, Workshops and Seminars
Business Strategy / Business Planning
Business Number Expansion Initiative
Many OMAFRA programs will begin collecting the Business Number soon. The Business Number (also referred to as BN9) is a unique nine-digit business identification number assigned and managed by the Canada Revenue Agency (CRA). It’s not just a tax number. The Business Number provides a consistent, standardized way of identifying businesses to ultimately make it easier to interact with government.
The majority of businesses will have a BN9. OMAFRA will be asking you to provide your BN9 when you renew a license, registration or other agreement with us, including transfer payment agreements and grants.
Application forms are being updated to include space for you to give your BN9. Keep an eye out for this change and have your BN9 ready.
Find out more about business numbers from the Canada Revenue Agency at www.canada.ca/en/services/taxes/business-number.html
New Online Resource Helps Producers Improve Productivity
The Agri-food Management Institute (AMI) has launched a new online resource called Farm Productivity (http://agrifoodproductivity.ca/) to help producers increase efficiencies and reduce areas of waste on their farms.
There are five commodity types featured on the website – grains, market vegetable, cow-calf, meat goat, and artisanal poultry. For each one, commodity experts and producers were consulted to identify the top key performance indicators or measurements that have the biggest impact on productivity.
Livestock Producers Receive Tax Relief for 2018
Final List of Designated Regions under the Livestock Tax Deferral Provision Released.
The Government of Canada released the final list of designated regions where livestock tax deferral has been authorized for 2018 due to drought conditions in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and New Brunswick.
Ongoing analysis of drought conditions has indicated the need to expand the list of designated regions for 2018, with new regions identified for Alberta, Saskatchewan, Manitoba, and Ontario.
Advance Payments Program & Commodity Loan Program
Product and Rate List:
2019-2020 Advance Payments Program & 2019 Commodity Loan Program
Exploring the Connection between Mental Health and Farm Business Management
Request for Expressions of Interest
Farm Management Canada (FMC) is issuing this Request for Expressions of Interest from industry stakeholders interested in contributing to an industry-wide, national study on the connection between mental health and farm business management.
FMC is seeking to identify industry stakeholders with expertise in agriculture, business management and/or mental health to help inform the study to leverage our collective resources for maximum reach and impact.
Further information and clarification should be directed to:
Project Manager / Gestionnaire des projets
Farm Management Canada / Gestion agricole du Canada
300-250 av. City Centre Ave.
Ottawa (Ontario) K1R 6K7
Tel/Tél 1-888-232-3262 ext./poste 32
Flexible Internship Program for Food and Agriculture Employers
If you are an employer in the food and agriculture sector, you may be interested in the University of Guelph’s Flexible Internship Program. This is an innovative pilot program comprised of an upper-year university credit course designed to teach job-relevant skills and an internship with an industry partner.
Map shows record high soybean yields
This year, soybean yields across Ontario came in at an average of 53 bushels per acre. This is above the Production Insurance 10-year average of 45 bushels per acre. A dry June and July in most areas, followed by rain in August, contributed to these record high yields.
The yield map below shows soybean yields across Ontario for 2018.
Additional information about the 2018 corn salvage benefit
Agricorp has received questions from customers about how coverage works when they have stored corn on farm with high DON levels.
Agricorp can confirm dry-shelled grain corn, high-moisture corn, cob corn and silage may be eligible for the 2018 corn salvage benefit. Producers will need to have test results showing DON levels above 5 ppm. Coverage under the salvage benefit is up to a producer’s guaranteed level of production.
If customers have these corn products on farm and have not contacted Agricorp, they should call 1-888-247-4999 to discuss their coverage.
Updates to Wildlife Damage Compensation and Commodity Loan Guarantee Programs Will Reduce Challenges for Farmers
The Ontario Wildlife Damage Compensation Program has been updated after extensive consultation with farmers and farming industry leaders. To help farmers access compensation when they lose livestock to predators, changes to the federal/provincial program include:
- more ways to provide sufficient evidence to prove wildlife predation;
- a more independent and transparent appeal process;
- better training for municipal investigators to assess predation; and,
- compensation that better reflects market prices.
In addition, to help farmers affected by abnormally high levels of Deoxynivalenol (DON) in this year’s corn crop, the Ontario government is making changes to the Commodity Loan Guarantee Program (CLGP):
- The repayment deadline is being extended from February 28 to September 30 for the 2018 and 2019 program years, on a pilot basis.
- The government is increasing the maximum guaranteed loan limit under the CLGP from $120 million to $200 million for the 2019 and 2020 program years, on a pilot basis.
Conferences, Workshops and Seminars
OMAFRA Dateline is an online resource for use by interested individuals and organizations across Ontario. Events may be hosted by OMAFRA or other groups. The events posted on this site are aimed at sharing information of interest to agriculture and regional economic development clients. Please check the calendar regularly for upcoming events, workshops, conferences and meetings.
CAP Workshops & Webinars
A variety of excellent workshops and webinars are offered at no cost by OSCIA as part of Canadian Agricultural Partnership to assist Ontario farm businesses in identifying strengths and weaknesses in a variety of areas that influence the farm’s profitability, productivity and sustainability. The workshops and webinars each have a different focus and different goals.
Make the most of your farm business
Practical tools, new perspectives and breakthrough moments – expand your ag knowledge at a free FCC learning event. We bring the best minds in agriculture to communities across Canada to inform, inspire and help you get the most from your business.
Building Your Health & Safety Program – For Agricultural Businesses
Small farming operations can find it challenging to understand occupational health and safety responsibilities especially when a worker is injured. The WSIB can help. They invite you to a free health and safety training program which will explain your occupational health and safety and WSIB requirements.
Through this voluntary health and safety program, your company will receive a one-time 5% rebate on your previous year’s WSIB premiums after you meet all of the following requirements:
- Attend all 3 in-class training sessions (each class is 4 hours each)
- Complete a self-evaluation,
- Complete a health and safety action plan,
- Complete an inspection procedure and return to work procedure
For more information or to register contact:
Program Administrator, WSIB, Workplace Health and Safety Services Division
Phone: 1-800-387-0750, ext. 5533 or 416-344-5533; or Fax: 416-344-3493 or Email: email@example.com
Locations and dates:
Ministry of Agriculture Food & Rural Affairs
401 Lakeview Dr., Woodstock, ON
Mar. 5, Mar. 12 and Mar. 19 9 am – 1 pm
Price Risk Management using Futures & Options
In today’s increasingly competitive marketplace, downstream flexibility can be achieved in part by predicting and managing upstream risk. This comprehensive, three-day course focuses on practical application and is essential for any farmer or agri-business leader whose production (outputs) or raw materials (inputs) are commodity based.
AME is now offering two different delivery options to take the Introduction to Price Risk Management Program. A three day in person course February 12-14, 2019, in Guelph, ON or a seven session on-line course over a three week period. Next start date for the on-line course March 18, 2019.
Managing Investment Costs of Machinery – online course
The major objective is to give farmers the tools needed to construct and implement the optimum machinery management strategy for their farms, based on sound management decisions. A machinery management strategy includes how much equipment to have, how to choose the most favorable equipment option, whether it is owned and financed or leased, rented, and for how long it is held.
This program is planned as an interactive online workshop. Participants will receive an investment spreadsheet to document informed investment decisions.
Online Courses begin: March 11, 2019
International Farm Management Association Congress
Growing Agriculture @ 41 Degrees South – excellence in farm management through innovation, diversification and integration with tourism.
The 22nd International Farm Management Association Congress will be held in Tasmania, Australia from March 3 to 8, 2019.
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