As a farm owner in Canada, managing payroll can be a complex and time-consuming challenge. With fluctuating seasons, varying work hours, and evolving regulations, handling payroll efficiently shouldn’t take you away from what truly matters—growing your farm. At...
Learning, Collaboration, and Hands-On Insights in Lakeside, ON Peer groups are among the most effective ways for farmers to share knowledge, exchange ideas, and gain firsthand exposure to different farm operations. The EFM 150 peer group recently had the opportunity...
Strong farms will proactively assess risk and take action to protect their business. In my daily interactions, I make a point of engaging with those around me to understand what is top of mind — the challenges they face, the decisions they are weighing and the...
For farmers, keeping accurate and timely financial records is essential for the smooth operation and growth of your business. Proper bookkeeping ensures that you can make informed decisions, maintain a healthy cash flow, and stay on top of your farm’s financial...
What does “inventory adjustments” or “change in inventory” mean? This term reflects how your farm’s books are converted to the accrual accounting method. For many farm businesses, accrual accounting can seem complicated, but it’s crucial for getting an accurate...
