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."
Ultimately, the choice between the accrual and cash basis methods of computing income should be based upon the particulars of your business at year-end, the stage of development of your business, and the length of your product cycles.
Having friends in high places. "Challenges are well presented in the Ontario Greenhouse Alliance report."
The importance of Section 12. "Having a unified voice, with stable funding, is crucial to industry’s future."
When Paul Morris, owner and operator of Acorus Restoration in Walsingham, Ont., took a booth at Toronto’s Flower and Garden show Canada Blooms, he met a wide range of gardeners who wanted to know more about native plants.
It is the nature of the business. Being seasonal in orientation, garden centres largely employ younger, part-time staff on summer leave from school. The reasons are obvious: they represent a ready pool of available labour, and generally come cheaper than more mature staff.
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