Lisa Wilton Shmyr

@NYKCattle Every herd needs a conversation piece!

Our only simmental. Meet, Karen. She is ugly. But she does her job.

Unlike the past few years, we have had less opportunities this marketing year to make profitable sales. But we took them when we found them and now we can work around the low swings of the market. It’s a good feeling! And this is a good read!

#CANOLA almost retracing the entire move after the "anti-dumping" investigation was announced by China.

@BuffaloAgLtd ❤️❤️

3 yrs ago my brother won angler of the yr at Last Mountain. He and his partner headed out after the awards and never quite made it home. His wife was up all night waiting. We spent the next morning calling everyone we could think of with no answers. I arrived at their house just as the police were giving her the news. Something I will never forget. We held eachother up on the front lawn till we couldn't anymore. Then she had to go and tell their kids. So many lives changed forever that day. I miss him terribly. Grief comes in waves still. Sometimes you're good, sometimes bad. But we do not grieve without hope. I know where he is and I know we will see him again one day. It's been amazing to see his family face their new challenges. He would be so proud. Family is everything. Do what you can to overlook eachothers faults and love deeply! 🙏🏻🤍 We are off to Last Mountain to cheer on his friends. #tightlines 🐟🚤

BREAKING: The Bank of Canada has cut its key interest rate for the third straight time, bringing it to 4.25 per cent. ctvnews.ca/business/bank-…

This is the timeframe used for the StatsCan production estimate. Question is how much yield was lost after the end of July.

No need for Stanleys or Yetis when you have one of these on hot silaging days!

@AllenPncoop Thanks! He was a favorite of ours from the get-go!

@ShmyrLisa @de_bfc @agauthority @SharkAg1 That baldy steer looked awesome

Another 4-H year has come to an end as our kids sold their steers. We are overwhelmed by the support we receive from our bidders and buyers. THANK YOU to Dwayne Enterprises, Ag Authority, & Shark Ag for buying steers from our family this year. @de_bfc @agauthority @SharkAg1

70 years of “learn to do by doing” for our 4-H club this year! And we have 3 kids who are fourth generation members of this club! Very rewarding to see original members and leaders attend our show this year. #4H #sask4H @Sask4H

Taxing the Heartland: The Nonsense About the 0.13% "These new capital gains tax changes risk undermining the financial stability of family-owned farms and businesses, crucial pillars of our agri-food sector. By making farming and entrepreneurship less attractive, we jeopardize not only our agricultural heritage but also the economic health of rural communities across Canada." It’s hard to recall a time when capital gains taxes have drawn so much attention. Historically, changes to capital gains taxation have largely flown under the radar. However, the latest modifications are different. Starting June 25, 2024, capital gains up to C$250,000 will continue to be taxed at the standard 50 percent inclusion rate. Gains exceeding C$250,000, however, will be taxed at a new inclusion rate of 66.67 percent for individuals. Furthermore, the 2024 federal budget introduces two other notable changes: all capital gains generated through a corporation will be subject to the 66.67 percent inclusion rate, and the lifetime capital gains exemption for eligible property will increase from $1,016,836 to $1,250,000. These changes raise significant concerns for family businesses, particularly in the agri-food sector where most farms are family-run operations. The @GrainGrowers, representing over 65,000 family-owned farms, recently released a report on these changes. Contrary to Ottawa's claim that only 0.13% of Canadians, or fewer than 60,000 people, will be affected, the report suggests a much broader impact. According to @StatCan_eng, Canada has nearly 190,000 farms, the majority of which are family businesses. The Grain Growers of Canada report indicates that the average farm will see a tax increase of 30 percent due to the new two-thirds capital gains inclusion rate. Generational succession planning is a cornerstone in the agri-food sector, particularly in farming. Currently, less than 1.7% of Canadians are involved in farming, a percentage that is likely to decrease over time. Canada is losing between 700 to 1,000 farms annually. By making farming less financially attractive, the number of farms will continue to dwindle, leading to greater consolidation and fewer family-owned farms. Farmers are known for their ingenuity and entrepreneurial spirit, and many have accumulated significant assets. However, farmers are often "asset rich, cash poor," meaning they possess valuable assets such as farmland, quotas, equipment, and livestock but lack liquid cash. This becomes especially challenging with changes to capital gains taxes. If a farmer sells a portion of their land or valuable equipment, they might realize a substantial capital gain. The Grain Growers of Canada report highlights that this financial strain can force farmers into difficult financial positions, requiring them to find ways to generate the necessary funds to meet fiscal obligations. Moreover, many farmers plan to pass their farms on to the next generation. Increased capital gains taxes could complicate estate planning and succession, as the tax burden on asset transfers may be higher. This could lead to more family farms being sold off or broken up to pay taxes, potentially reducing the number of family-owned farms and altering the landscape of rural communities. The impact extends beyond farming. Many family-owned businesses exist in food manufacturing, retail, and food service in Canada. According to @IBISWorld, Canada has nearly 80,000 full-service restaurants, many of which are family-owned. These businesses could be significantly impacted by the increased capital gains tax. Behind every family business, there are hardworking, taxpaying Canadians who will likely be affected by these changes. While there are exclusions and fiscal measures to assist with asset transfers and generational succession planning, the tax increase disincentivizes investment. If we aspire to grow our economy and increase competition across the agri-food sector, raising taxes to ensure "the wealthy face the same tax burden as nurses" is not the solution. A more effective approach might be to reduce the tax burden for nurses instead. More broadly, @FamBizCanada states that family-owned businesses make up 63.1% of all private sector firms in the Canadian economy, contributing 48.9% to Canada's real GDP in the private sector, amounting to $574.6 billion. Additionally, they employ 6.9 million people nationwide, representing 46.9% of private sector employment. Much more than just 0.13% of Canadians are likely affected by these changes. Ottawa needs to reconsider this approach to avoid undermining the backbone of our food economy: family-owned agri-food businesses.

@labourtoleisure $400

Our family has to get create on ways to ensure there is $ to invest. Food deals is one way Let’s play a game, how much do you think this cost in Canadian dollars? 36 striploins 6 boxes of 3kg drum sticks 4 taco kits 2 large containers of Greek yogurt Closest gets a retweet

It’s that time of year! The 6th Annual Exceed Grain Marketing Hockey Draft is open! officepools.com/invite/classic… Then create or sign in to the 2024 Playoffs ExceedCommunityHockeyDraft2024 Password: Exceed Please e-transfer $25 to exceedgrainmarketing@outlook.com

MEDIA STATEMENT: Grain Growers of Canada Applauds Government Boost to Farmer Support Through Enhanced Loan Program newsline.colesag.com/press-releases… @GrainGrowers #cdnag #AAFC_APP

Saskatchewan had the largest increase in farmland values in 2023 according to the just released Farmland Values Report from FCC. Sask farmland increased an average of 15.7%, followed by Quebec at 13.3% and Manitoba at 11.1%. Alberta farmland increased 6.5%.

A huge thank you goes out to @ExceedGrain for being a gold sponsor of the 15th annual Ag Update! Sponsorships allows for a great event year after year. #AgUpdate2024 Registration Here --> agupdate.ca

Sask Crop Insurance prices available ahead of official announcement if you are set up for CropConnect on SCIC website. Spring wheat - 8.55; Durum - 10.86; Canola - 15.08; Peas - 9.58; LG Lentils - 44 cents; Red Lentils - 28 cents, Barley - 5.44.

Looking for direction to help you make grain marketing decisions, but not sure where to start? Check out this promo on our new introductory program…