Join other professionals on Thursday, August 19, 2021 for the Agriculture Economic Development and Planning Community of Practice discussion on Agri-tourism.
Agri-tourism is a rural based industry in Ontario with growth potential. To help unlock that potential, Simcoe County recognized that prospective operators might need guidance to help navigate through the process of starting an agri-tourism component on the farm. Simcoe County worked with TCI Management Consultants, and Wilton Consulting Group to develop a toolkit for farmers who would like to start or expand their agritourism operation in Simcoe County. The toolkit contains all the information people need to help decide whether agri-tourism is right for them.
Continue reading Growing Agri-Tourism Initiatives in Your Community
Knowing and analyzing how your farm is performing is one of the most important jobs you, as a farm business owner, should be doing on a regular basis. Most farmers will analyze how well their products have grown/performed on a regular basis, which is a great thing to do. However, how often do you look at your financial performance or year-end financial statements? There is important information contained in your financial statements that is used by your lender, your advisor, and by you, as the owner. In this article, we will look at the balance sheet.
The Purpose of the Balance Sheet
A balance sheet is a list all the farm business’ assets, liabilities and owner’s equity/net worth at a certain point in time (i.e., as of December XX, 202X). The statement must “balance” (thus the name) because it tells the story of what is owned (assets) and how they were purchased (liabilities— debts; and owner’s equity— what the owner contributed). The formula for a balance sheet is Assets = Liabilities + Net Worth.
Continue reading Knowing your Financial Statements: Balance Sheets
The Canadian Agricultural Human Resource Council has some resources and insights about labour productivity challenges in Ontario’s agri-food industry.
Some of the challenges include:
Continue reading Labour Productivity Challenges in Ontario’s Agri-Food Industry
- Over 45% of surveyed Ontario agricultural employers said they could not hire all the workers they needed
- The labour gap in Ontario grew by over 10,000 people from 2007 to 2017
- The survey of Ontario employers also found that reported over 80% experienced excessive owner stress, over 60% experienced production delays, nearly 60% lost sales, and over 40% delayed the expansion of their business.
The Ontario Ministry of Agriculture, Food and Rural Affairs is hosting a forum to provide information on programs that encourage economic development in the agriculture sector and addresses Indigenous food security by linking Indigenous agri-food interests with suitable funders.
Indigenous clients, communities, non-profits and private sectors are welcome to join.
Continue reading Indigenous Agri-Food Funder’s Forum Webinars
Monday, May 17th 2021 at 1:00-2:00 PM ET or Thursday May 20th 2021 at 9am-10am ET
Continue reading Agri-Tech Innovation Program Webinar
You are invited to join a webinar about the Agri-tech Innovation Program – a new a $22 million cost-share program that will help farming operations and processor businesses adopt innovative and new technologies. This session will provide details on the Early Adopters intake to support implementation of sector-specific, unique and innovative technologies in the workplace that enhance protection of workers against COVID-19 by reducing COVID-19 transmission risk, lead to increased business efficiencies and productivity, and help build the sector’s resilience. The merit-based intake opens on May 17, 2021 and will close on June 21, 2021.
Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs, has announced two initial projects as part of a long-term strategy to address labour challenges in the agri-food sector.
During a virtual roundtable with agri-food sector leaders, Minister Hardeman expanded on the government’s investment of $812,000 to two projects aimed at labour shortages.
Continue reading Ontario Government Announces Agri-Food Labour Strategy
As technology becomes available, new crops and production methods are expanding opportunities in Northern Ontario.
Register for the Greenhouse Production and Vertical Farming Webinars and learn from the experts about some of the key considerations when starting a project. Municipalities play a key role in determining how and where production activities occur. By attending these webinars, municipal staff, elected officials, businesses, and community organizers will gain an understanding of key aspects of growing under cover, including:
Continue reading Greenhouse Production and Vertical Farming Webinars For Northern Ontario
- New technologies
- Advantages and limitations
- Lessons learned from people working in this sector
Analyst is an online tool that pulls data from a range of sources to provide information on regional economies and workforces. Clients can use Analyst to understand the demand for educational programs, identify the skills that employers need, communicate the value of higher education to parents and students, connect jobseekers to the labor market, find the right talent, and so much more.
But, over time, a common pattern has emerged. No matter the use or application, almost every client uses Analyst to do the following:
Continue reading Learn How Clients are Using ANALYST to Inform Their Planning Decisions
- Build relationships
Owning a farm is much more than a business; it is a way of life. As with most businesses, there are some very stressful times that can weigh you down. During busy seasons or critical production periods, it is normal to be faced with time constraints and pressures and facing major financial issues can multiply these pressures many times. During these times, and with the added reality of COVID-19, these demands can put anyone involved in the business of agriculture under a great deal of stress, often impacting one’s mental health.
The Ministry of Agriculture, Food and Rural Affairs (OMAFRA) cares about the well-being of farmers and farm families and recognizes the unique challenges that can lead to mental health issues. In an effort to support Ontario farmers and their families experiencing mental health issues, OMAFRA has made various resources available to anyone needing some help during a difficult time. These include:
Continue reading CAP Special Provisions and Farmer Mental Health Resources
If your community is looking for ways to support your local agriculture sector; consider attending the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) online Agriculture Economic Development Training.
The course is split into two sessions and registration is free.
- Tuesday April 27, 10am – 11:30am
- Tuesday May 4, 10am – 11:30am
This interactive training will:
Continue reading Registration Open: Online Agriculture Economic Development Training