Ontario Agriculture

The network for agriculture in Ontario, Canada

The Most Profitable Acre Challenge is back!

The Most Profitable Acre Challenge is back!

 

Corn and soybean farmers first competed for The Most Profitable Acre Challenge in 2012, and this year it is back in a new and improved format!

 

Why the Most Profitable Acre? 

A high yield doesn't always mean more profit. Business management practices and financial planning are key to seeing a return on investment. The Most Profitable Acre Challenge is designed to get you thinking strategically about your business to maximize efficiency and profitability! 

 

The Challenge: 

Are you business savvy? Have you made an effort to maximize the efficiency and profitability of your farm business? Did you plant corn or soybeans for the 2014 harvest? The Most Profitable Acre Challenge is for you! 

 

The challenge looks at your input costs, production practices, yield, sale prices, money management best practises, and more to name the Ontario farmer who harvested the most profitable acre of corn or soybeans. 

 

 
How it works:

To participate, you must register using this form before Nov. 23, 2014, and be available for two half-hour phone calls with an AMI staff member in December. During the initial phone call, you will be asked a set of 13 crop and business management related questions. The top applicants will be asked to participate in follow-up phone survey. All financial information will be kept confidential.

 

To be eligible for the Most Profitable Acre title, the participant’s field in question must be a minimum of 10 acres of the crop type submitted for evaluation (corn or soybeans), and the harvested plot must be a minimum of 1.5 acres of the same field. One entry is allowed per farm business per crop. The top four contestants will be required to provide receipts and other documentation to ensure accuracy of their results before the winner is determined. Please click here for a complete set of rules.

 

Who can participate?
  • Corn and soybean crop farmers in Ontario
Prizes: 

The GRAND PRIZE WINNER will be awarded their choice of:

Each grand prize is valued at approximately $3,000. 

 

Second runner up:

Third runner up:

  • 16 GB Ipad with Retina Display
Key dates:
  • November 23, 2014: Registration deadline
  • November 25 – December 13: Evaluation phone surveys
  • January: Announcement of winners
  • March: Presentation of awards at the Grain Farmers of Ontario March Classic

CLICK HERE TO REGISTER

 

The Most Profitable Acre Challenge is sponsored by: 

 

Views: 92

Comment

You need to be a member of Ontario Agriculture to add comments!

Join Ontario Agriculture

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Alberta Announces Major Water Sharing Agreements

The Alberta government on Friday announced that municipalities, industry, and irrigation districts in the province have voluntarily agreed to reduce water usage in case of drought this spring or summer. A provincial release said 38 of the largest and oldest water licensees in southern Alberta have voluntarily agreed to the reductions. The groups represent up to 90% of the water allocated in the Bow and Oldman basins and 70% in the Red Deer River basin. The largest water-sharing agreements in the province’s 118-year history, the deals will let “more Albertans access water in a drought and reduce the negative impacts on communities, the economy and the environment,” the release said. The agreements are at the centre of Alberta’s drought response efforts. In 2001, agreements between southern irrigators and others played a key role in helping share water during that drought. This year’s agreements, facilitated by the Alberta government, are even bigger in scale and scope. There ar

Farmland Rental Rates Keeping Pace with Value Appreciation

Canadian farmland rental rates and values are climbing at generally the same rate, but renting still offers benefits – especially for new producers. A Farm Credit Canada analysis pegged the rent-to-price ratio for cultivated farmland at 2.52% in 2023, little changed from a year earlier. Notably, the three provinces that recorded the highest farmland value increases in 2023 - Saskatchewan, Manitoba, and Quebec - also saw increases in rental rates, maintaining stability in rent-to-price ratios. A ratio trending lower suggests cash rental rates are appreciating at a slower pace than land values. Conversely, an increase in the ratio indicates that rental rates are increasing faster than land values. The FCC analysis provides a detailed breakdown of rent-to-price ratios by province, highlighting variations in rental rates and farmland appreciation across different regions (see table below). Notably, provinces like Ontario and select Atlantic provinces have witnessed divergent trends,

Wheat and barley producers can claim SR&ED credit on their 2023 taxes

Wheat and barley producers who pay check-off through Alberta Grains (formerly Alberta Barley and the Alberta Wheat Commission) and do not request a refund are eligible for a 34 per cent and eight per cent tax credit respectively through the Scientific Research and Experimental Development Fund (SR&ED) program for their investment in research and development (R&D) projects. For example, producers who paid $100 in check-off on their wheat in 2023 would earn $34 in tax credit, whereas producers who paid $100 in check-off on their barley in 2023 would earn $8 in tax credit. The federal SR&ED program encourages R&D investment through tax-based incentives, giving claimants tax credits for their expenditures on eligible R&D work. The tax credit percentage is based on the amount invested in R&D that meets the criteria laid out by the Canada Revenue Agency (CRA). “The SR&ED program is incredibly beneficial, and I would encourage all eligible growers to utilize it,” says Alberta Grains chair,

Canadian innovation taking plant-protein nutrition to new heights

Today, Protein Industries Canada held a tasting and networking event to celebrate the launch of its latest project announcement: A collaborative effort to de-risk, scale and expand Wamame Foods’ new high protein product line. Working with project partners Apex Food Source, Crush Dynamics and AGT Food and Ingredients, Wamame Foods is using Canadian ingredients to develop, commercialize and scale a new functional athlete-focused high-protein line of food products, such as high-protein burritos, that exceeds the protein-to-calorie ratio of the average American protein bar. Soon to be available in a variety of North American and overseas retail grab-and-go locations, these high-protein products will add diversity of choice for athletes and health-conscious individuals everywhere and enable consumers to enjoy their food while maintaining an elite lifestyle. “With support from Protein Industries Canada, Wamame and its project partners are helping to get premium plant-based meat alternative

Back to Basics: Improving Soil and Creating Opportunities for a Healthy Food System

Dr. Lord Abbey, Associate Professor in the Department of Plant, Food, and Environmental Sciences at Dalhousie University and Bioenterprise SIAC Advisor, speaks about soil health, compost, and creating pathways for Canadian immigrants interested in agriculture.

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service