Alberta’s growing influence within the Canadian greenhouse industry is about to get much larger. The province is funding a major upgrading of its research greenhouses at the Crops Diversification Centre South in Brooks.
Establishing them can provide many advantages. But to ensure that such a strategy meets all your objectives, it is wise to consult experienced tax and legal advisors.
While gutter heights of new greenhouses are continuing to rise, this remains a low-profile industry within Canadian business circles. There are the occasional greenhouse business stories in local papers and TV and radio stations, but not a lot of human interest or technology/science reporting.
There are alternative materials and recycling programs already available, B.C. growers were told at a conference earlier this year. “The biggest problem of recycling plastics right now is the sorting cost,” said one speaker.
“We will become one of the only North American greenhouse producers with substantial year-round and diversified production from our own facilities.”
Previewing the Alberta, Saskatchewan and Maritimes trade shows and conferences. Leading speakers, displays of the latest technologies and newest varieties, and a chance to meet old friends, among the highlights.
The key is to prepare projections with the ability to allow flexibility and constant updates for changing factors. What if the price of fuel increases by 10 per cent or production yields decrease by 10 per cent from what was expected?
Pricing pressures and energy costs among growers’ concerns, notes Alexander Tsydendambaev, a longtime industry analyst. Times are tough, so much so that, “the children of the owners of greenhouses do not follow their parents in this business.”
Your tax situation can have a significant impact on your lease vs. buy decision. Greenhouses that need to replace their equipment more frequently may benefit from leasing.
“It’s that time of year again when paying taxes weighs heavily on all our minds. Whether you’re an individual taxpayer with a filing deadline of April 30th or a self-employed taxpayer with a deadline of June 15th, undoubtedly you’ll be trying to find ways to minimize your tax burden.”
Exporters are feeling the pinch as the loonie continues to rise in value compared to the U.S. dollar. Economists expect the trend to continue for some time.
The more things change, the more they stay the same. Over the past year we have witnessed a number of changes to the Canadian Agricultural Income Stabilization (CAIS) program. While the changes may have improved the program for the average farmer, there is minimal net new benefit for greenhouse operators.
Growers throughout the world enrolled in the Dutch-based MPS program are finding it as good for their balance sheets as it is for the environment.
Garden Globe Awards: “And the winner is…” On the question of pricing, are we selling ourselves short? Of course we are.
The growing issue of sustainability. "Retailers are probably a step or two ahead of growers on this issue."
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Landscape Ontario CongressTue Jan 07, 2020
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IPM EssenTue Jan 28, 2020