Module 5: Preparing Cash Flow Statements
In their response to the Covid-19 pandemic, both the Canadian government and the Ontario
government have announced financial assistance measures for individuals and businesses,
including farm business. Below is a summary of some existing and new financial assistance
measures that may be relevant to your Ontario farm business.
Private ponds are one of the most common and sought after features on rural properties in southern Ontario.
You can find weather and climatic data for your region with an online service called Farmzone.
The Ontario Ministry of Agriculture, Food and Rural Affairs is recognized Provincially as the data custodian for soil information. The custody of the digital soils layer is shared with Agriculture and Agri-Food Canada (AAFC) through a Memorandum of Understanding. OMAFRA, and Agriculture and Agri-Food Canada, in cooperation with the Ministry of Natural Resources, are compiling a high quality, detailed, geospatial soils database for Ontario.
Leasing and renting land are common practices in rural Ontario. The high capital cost of land makes leasing an attractive alternative to ownership. This Factsheet addresses the general issues to consider when entering into a leasing agreement. The terms renting and leasing are used interchangeably in this Factsheet.
The provincial government supports growth in Ontario’s agri-food sector by providing farmers with funding programs that support good jobs, attract investment, and help them make an even greater contribution to Ontario’s economic success.
A business plan is a critical management tool for the creation or expansion of any business. It is a game plan – a concise, written record of objectives and how to obtain them. It describes, at a minimum, a product or service, customers, competition, management and financial arrangements. It should also outline production and marketing plans.