LETHBRIDGE - Farm Credit Canada is hosting a number of learning opportunities in the province during November. Called the Ag Knowledge Exchange, they will offer practical advice from industry experts to use in your operation
Topics to be covered include taxes, succession planning, beef markets and farm financial management.
Sessions on saving taxes and simplifying succession planning, with Merle Good, will be held in Lethbridge on the 6th, at the Coast Hotel and in Brooks at the Cassils Community Centre on the 20th. Both events run from 10:00-am to 3:00-pm
Good worked for over 30 years as Alberta’s provincial farm tax specialist after earning a degree in agriculture economics from the University of Alberta. He focuses on identifying and adapting financial management and tax-related strategies with unique business structures to help farmers meet their business and personal goals.
His presentation will show how choosing the right business structure for a farm can help minimize taxes and lead to a smoother succession planning process. In this workshop, attendees will learn six strategies to help create clarity in their business, unlock their farm’s success and build intergenerational understanding about common goals.
Participants will learn how they can retire at a 12% tax rate, understand the best structure for farm succession, get tips on how to use their million-dollar capital gains exemption during their lifetime, explore financial management, compensation and tax strategies that work and discover how to deal with rented land and land in a corporation.
The ``Trends and trade Opportunities in beef markets`` exchange will be held in Hanna at the Community Centre on the 22nd with Anne Wasko, who will offer insight into what to expect in beef markets for this year and beyond, including industry structure trends and trade developments.
Those who attend will explore key factors shaping North American and international beef markets, learn about trends shaping the Canadian cattle industry, and discover why managing price risk is important in today’s market.
The FCC Ag Knowledge Exchange events are free but, you must pre-register.
For more information, check out the FCC website
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