Ontario Agriculture

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Skrypnyk Group Interview on Family Business Succession Planning & Strategy: Part 2

We have previously discussed how business owners often begin their businesses due to their love of creating something. There is an element of attachment and control that is naturally felt towards your business and it can be hard to give up some of this control. Business transition will happen at some point. A properly planned transition is imperative if you wish to maximize the value that is obtained while making the transition as smooth as possible.

In the second of three video clips, Wayne Skrypnyk discusses various factors that will impact the ultimate result of the business transition. The senior or departing generation has its own set of things to consider. What is the right timing to exit the business? What will the transition mean for their financial retirement? What will they do if they are not running their business? Sometimes this generation needs some help in understanding and realizing what the rest of life outside of work will be able to offer them and their family. What is it that they really want their life to look like?

The junior or incumbent generation will face challenges as they build the business throughout their lifetime. This generation is also important to the business transition process. Before the senior generation is willing to transfer ownership, the importance of the next generation in demonstrating leadership is extremely important. Both generations need to communicate in order to understand the common goals of the successful transition.

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

ONTARIO FIELD CROP REPORT – May 17, 2018

Field activity continues in full gear as soils become fit for fieldwork. Many areas received some rainfall over the weekend, with areas of Kent and Essex catching heavier bands of rain that left over 100 mm in a few locations. As it happens every year a few areas of the province have nearly completed planting, while areas with heavier soils wait for decent planting conditions to occur. Fields that were planted to cover crops last fall - both fall and spring terminated - have required more tillage than fields without cover. A mat of residue kept soils wet and cold and delayed planting in those fields.

Ag industry steps up to support farmer mental health

In government, academia, industry – and indeed in the field itself – problems that have long been hidden or dismissed are starting to see the light of day. These efforts follow a University of Guelph study in 2015-2016 of more than 1,000 participants that revealed nearly 60 per cent met the classification for anxiety, 45 per cent for high stress and 35 per cent for depression.

Ontarians favour land-sharing policies

People in Ontario may have changed their preferences on formal agri-environmental land use policies.

Winchester Agribusiness Breakfast Meeting Minutes – May 15, 2018

The weather in the past week has being great for planting. Crop heat unit accumulation from the 1st of May are about 200 as of the 15th of May as compared to the normal of 150 (Ottawa airport). Some areas had a light frosts this past Friday and Saturday. Where the fields were left uneven last fall, the soils are working up lumpy requiring more secondary tillage. Smoother fields were fine with a shallow, light working.

Cereal leaf beetle activity on the horizon

There have been many reports of cereal leaf beetle adult activity over the last few weeks. Adults do some feeding but also lay eggs that give rise to the real issue – cereal leaf beetle larvae. Eggs will be hatching within the next week or so. With daily growing degree days accumulating more quickly than usual, the populations and feeding activity could catch us off guard. A few locations tend to experience a higher frequency of infestations including fields near Dresden, Bolton, Stayner, Seaforth, and Clinton but reports from other locations with significant adult activity have come in this year. Stay vigilant and monitor fields over the next three weeks in particular.

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