Maverick
973 posts

Maverick
@MarcTherrien33
Turkey farmer, Ag-advocate and Montreal Canadians Fanatic
Edmonton, Alberta Katılım Aralık 2018
223 Takip Edilen281 Takipçiler

@farmmillennial Bacon raped filet mignon at the Keg is hard to beat. But you can never go wrong with a ribeye
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@AllamFarmer Hopefully it’s a dry fall and you don’t have to pay much carbon tax on the food you’re producing.
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Purdue animal sciences researchers develop antibiotic-free treatment for avian pathogenic E. coli: poultryproducer.com/purdue-animal-…

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@AllamFarmer Talk to thorhild coop. They just built one in the yard.
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@AllamFarmer @BaldurBarons I hope quota starts to drop sooner then later ….
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@AllamFarmer @BaldurBarons So if I was buying land, I should hold fast and wait …. Do you still consider a good investment?
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@Skippyltd @dmartin7810 @Shawnmac96 Feed caddy for the win. One of the best investment we have ever made. We do 1 row per 10 ft. 150 g per bird on the floor.
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@JimBenn71220505 No I don’t think so. SM5 GDP is larger than the entire auto sector in Canada. And if they phase SM out, you would see a huge exodus of farms out of livestock / dairy production resulting in jobs loss across all sectors in ag and outside of it. Canada = winter = $$ COP
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@munro726 @Campbellgrain Got 2 words : Feed Caddy. Your back will thank me.
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@clintwfischer @AntonSugar69 It would be better if the daughter gets the $1 million plus revenue off the brother buying the machinery and livestock. And brother gets all the property. That would be more “fair”.
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Farm transition I'm helping with:
Husband has the hard & fast mentality that:
Son helps on the farm so he should get everything.
Wife takes the approach of "let's be equal/fair" regarding $$ value.
→ 2 kids; one Son and one Daughter
We're talking $15 million in land, equipment, & livestock going to the on-farm Son.
And $500,000 in retirement & $500,000 in life insurance going to the off-farm Daughter.
That $14 million imbalance is what the wife is concerned about.
There's a solution that may make both H & W satisfied:
1) Property into a trust
2) Machinery & livestock left to on-farm Son
3) Retirement & life insurance left to off-farm Daughter
4) Trust grants right of first refusal (ROFR) to rent & ROFR + option to buy land at a discount to on-farm Son.
Until both H & W pass away, all income goes to them.
When either H or W passes away, the other spouse gets all income.
When the last spouse passes away...
-Son gets the machinery & livestock
-Daughter gets the IRA & life insurance
-Both are beneficiaries of the land income, but Son has ROFR & option protections to keep the farm going
Instead of $15 million to Son and $1 million to Daughter, it's more evenly distributed with safeguards in place to keep the farm operation in the family & financially viable.
Without prior planning, exactly zero of this would happen.
In fact, the farm may be sold at auction to the highest bidder.
So, it begs the question...
Have you started tackling this succession, transition, estate issue?
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@clintwfischer That’s crazy that the daughters gets half the farm income but does zero work on the farm. At best maybe she’s should get a % or dividend. And what about she forces his hand, the son/brother can’t afford to buy the land …. That doesn’t seem right.
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@TyeRinner Experience similar pain 3 years ago. Couldn’t find the leak so abandoned the old lines and directional drilled new ones in. Became too much a needle ina hay stack and lines where 40 + years old.
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@TSNRyanRishaug Nurse for Trouba ? Or Cecil + package for Trouba ? If the money can work.
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@JustinTrudeau So 0.5% of the population……. But if you removed the carbon tax……. 100% of population would benefit. Math is hard.
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