Impact Farming

On this episode of Impact Farming, we sit down with JP Gervais from FCC to discuss interest rates and financial risk management strategies.

We explore the differences in fixed and variable loans and JP answers Tracy's burning question about whether or not it is cheaper to go with a variable or fixed interest rate on your loan.

In the conversation, we do a look back at where interest rates have over the years and where they are going. Will we ever see the rates from the 80's? He gives his thoughts on this. JP also shares some important predictions about the upcoming Bank of Canada interest rate announcements and whether he thinks they will be raising the interest rates next week and then again in their early 2019 announcements.

To wrap it up, JP discusses his thoughts on interest rate and other financial risk strategies and how this is really part of bigger financial conversation about your farm, your financial positioning and in some cases your risk tolerance.

Farmers, what is your interest rate strategy?

Do you farm a financial favour and don't miss this interview!

On this episode of Impact Farming, we sit down with JP Gervais to discuss Canadian Farm Land Values. This episode is very timely and relevant to farmers and the industry. Learn about the trends and what they mean for your farming business. Hear how interest rates, commodities and other things affect farm land values.

Don't miss JP Gervais as he uses his experience and wisdom to share his projections on farm land values for the next 5-10 years.

On this episode of Impact Farming, we sit down with Elaine Froese to discuss the Big D....Drought.

2018 has been a tough year and farmers across the country are dealing with drought issues. Elaine shares her wisdom on farming, tough times and drought.

Learn about tools available to families that are facing financial struggles and the first steps to take.

Dean Klippenstine is a Partner and Business Advisor with MNP's Agriculture Team. Working out of the Regina office, Dean delivers assurance and tax services as well as tailored business advice to help his clients achieve their goals.

Dean draws on a wealth of knowledge to deliver services and solutions that help clients keep their agricultural businesses current, competitive and profitable. During his professional career, he has consistently focused on the agriculture industry, including the day-to-day operations of his family farm.

We were thrilled to bring Dean onto The Impact Farming Show to discuss "Why to Incorporate The Farm." Do your farm a financial favor and listen in as Dean shares the benefits of incorporating the farm.

I hope you enjoy!

Natasha Perkins is Director of Business Development at PrairieCann Growth Corporation.

We interviewed Natasha at the Farm Progress Show in June, which also happened to be the same week that Bill C45 was passed. She joins us to share what this bill means to Canadians. We also chat about Cannabis versus Hemp and the opportunities available to Canadian farmers and business investors with the passing of Bill C45.

I hope you enjoy!

Heather Brown is an Investment Consultant with Investors Group. She specializes in agriculture and works to help farmers succeed with their investment planning. Heather says that a good plan is like a roadmap, helping you to see your destination and the route you need to take to get there. It will have twists and turns, but when built on sound advice and reviewed regularly, it will help get you to where you want to go and keep you on track. Heather joins us to share some important information for our audience.

Donavon Tofin is at the centre of The Retiring Farmer™ Wealth Management Process. As the original creator of The Retiring Farmer™ concept, he believes in the importance of financial planning for farmers, ranging from the management and monitoring of their financial and tax affairs, to assisting with their estate matters.

He has over thirty years of experience working with farm families and the Saskatchewan agriculture community, concentrating primarily on farm succession and restructure strategies integrating his expertise with income tax, investment management, insurance, retirement and estate planning.

I was fortunate to attend Don's seminar at The Farm Progress Show in Regina this past summer, and wow, what a wealth of information Don is. I had so many great takeaways from our time together, most importantly, just how financially rewarding financial and tax planning can be. Not only can it change a retirement....it literally could change the financial situation of your family for generations to come.

Key Takeaways:

1. Farmers are such amazing and busy producers, however, it's crucial that important subjects like financial and tax planning don't get pushed off.
2. Regardless of your age, financial and tax planning is so important.
3. How important is it? Proper planning can change your life, your retirement and the financial situation of your family for generations to come. Now that is a legacy!
4. This "stuff" doesn't need to be boring or hard. Really, it's simple. Answer Don's two crucial questions and the rest is a piece of cake.

Please do yourselves a financial favor and do not miss this episode!

Lesley Kelly is passionate about agriculture. She is a wife, boy mom, entrepreneur, marketer, brander, sunset lover, wannabe wine enthusiast, and picture taker.

Many of you know her as the personality behind High Heels and Canola Fields and in early 2018 she has recently co-founded and launched the Do More Ag Foundation.

From Agvocating to spearheading mental health in agriculture, Lesley is doing amazing things in this industry and it was my pleasure to have her on the show to share her journey with our listeners.

Key Takeaways:

1. Words and conversations are so important and they can have such a tremendous impact on others.
2. When agvocating, share stories and connect on values. People lead with their heart and then follow with their mind.
3. Sharing your story is an amazing way to let others know that they are not alone.
4. We are all in this thing called life and farming together, so let's help each other out. Ask More. Talk More. Listen More. It truly can change and even save a life.

Enjoy the show!

Stressed? Short on time? Short of breath? Tired of being tired? What happened to your passion for life? Why do some people shine under pressure while others fall apart? These were just a few of the compelling questions that Dr. Georges asked and answered during his riveting presentation at The Farm Progress Show in Regina.

Dr. Georges, PhD, was invited by Farm Credit Canada to give his presentation titled "Diamonds or Dust: How to shine under pressure while others fall apart." He spoke to a room full of farmers about the pressures of farming and touched on the rise in stress, depression, and suicide on farming operations.

With a skilled combination of wit, humor, and education, he shared an urgent message with farmers. Dr. Georges was pleased to come onto Impact Farming and share his important message with our audience.

Key Takeaways:

1. Farmers have such a tremendous amount of stress on their plates. Balance is important.
2. We need to pay attention to our own internal dashboard. Do we have any red lights flashing?
3. When your scale is tipping towards overload and stress. Do more. Not less. Do more of what makes you happy!
4. Let's take care of ourselves and others so that we can continue to do what we enjoy most....farming.

Farmers, don't miss this show. What Dr. Georges shares are so important to health and happiness on the farm.

We were pleased to be able to sit down the Megz at Farm Progress Show 2018 and have her to share her journey from Urban Megz to how she became Farmer Megz. Megz shares a lot of great wisdom and opens up about a lot of the struggles common to farming and farm families. You will not want to miss this interview.

Key Takeaways:

1. Establishing your role on an existing farming operation can be challenging. It takes time and patience.
2. Doing what makes you happy is important. Don't be afraid of challenging the status quo.
3. When advocating and educating, it's important that we speak in a language that non-farmers will understand.
4. Farming is stressful. Megz shares how important it was for her to speak up about her struggles. When going through challenges it's important to communicate and connect with others. You are never the only one going through something.
5. With hard work, determination, and passion you can overcome any obstacle and forge your path in life. Megz is a perfect example of this.

We hope you enjoy the show!