Towards Increased Profits (TIP) Report - Ontario Farm Management Analysis Option

What is the TIP Report?
When Will the 2006 TIP Reports be Mailed Out?
Can a Farmer Still Request a 2006 TIP Report?
Who Can They Call if they Have Questions on the TIP Report?

What is the TIP Report?

The Canadian Agricultural Income Stabilization (CAIS) program application contains much of the information required to do simplified cash basis farm management analysis. Therefore, Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) staff developed a template to incorporate the information submitted on the CAIS application into a management analysis report - which is called the TIP Report - Towards Increased Profits.

The TIP reports compare the financial performance of the individual farmer to their previous 5 year average and to an industry benchmark based on their farm type and income range. These industry benchmarks are derived from the entire CAIS database.

The TIP Report is funded through the Renewal Chapter of the Agricultural Policy Framework (APF), a Federal-Provincial-Territorial initiative.

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When Will the 2006 TIP Reports be Mailed Out?

The mailing of the 2006 TIP reports is scheduled for January 2008.

Can a Farmer Still Request a 2006 TIP Report?

If they did not request a 2006 TIP report on their CAIS application form, they can request a 2006 TIP report by calling the Agricultural Information Contact Centre (AICC) at 1-877-424-1300.

They can request a 2007 TIP report by indicating yes on their 2007 CAIS/AgriStability application form.

Who Can They Call if they Have Questions on the TIP Report?

After receiving their report, individuals may wish to have further clarification or interpretation. The first point of contact is the AICC at 1-877-424-1300. AICC staff will be able to provide TIP interpretation support. Technical questions can also be forwarded to John Molenhuis, Business Analysis and Cost of Production Program Lead with OMAFRA at 613-475-9472.

Individuals wishing to have a more complete farm management analysis will be advised by the AICC staff of the following options:

• Referred to their accountant or farm management professional
• Referred to the Canadian Farm Business Advisory Services (CFBAS) at 1-866-452-5558
• CFBAS provides access to farm business management information & advice with an initial consultation and Farm Business Assessment (farm financial assessment & action plan). Producers receive up to 5 days consultation with a business-planning professional & 1 day follow up for a fee of $100.

Another program that can help improve farm profitability and net family income is the Canadian Agricultural Skills Service (CASS). CASS provides farmers and their spouses with advice and financial support to take training and develop their skills in such areas as production, marketing and business management. The CON*NECT CASS Centre is the one point of contact for all program details. Reach them toll free at 1-877-830-0200 or visit the website at www.ontario.ca/cass for more information.

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