Financial Management Resources
Successful farm business owners know that financial management is an important part of managing a business. Financial management of a farm business, in its most simple form, means using limited resources in a way that maximizes your return or profit. To do this well requires knowledge, skill and determining the information you need.
Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA)
Agricultural Information Contact Centre
Financial Management – General
OMAFRA factsheet: Programs and Services for Ontario Farmers
The following is a summary of programs and services currently available to Ontario farmers that are funded by the Ontario and/or Canadian governments.
Farm Management Canada
Canadian Association of Farm Advisors
Farm Credit Canada (FCC)
Agri Success Training Programs
Financial Performance, Cashflow, Profitability, Recordkeeping and Capital Investment
OMAFRA Factsheet 18-015: Analyzing and Managing Your Cash Flow
While every business owner hopes their business will never have financial problems, in reality most experience financial pressure at some point in their existence. This factsheet is designed to help you diagnose a cash flow shortage and take some steps toward correcting it.
OMAFRA Factsheet 01-075: Budgeting Farm Machinery Costs
Farm machinery costs make up a significant part of the fixed and variable costs of any farm operation. This Factsheet provides a framework for calculating the total annual cost of farm machinery so that you can determine whether or not it makes economic sense for you to own a machine
OMAFRA Factsheet 08-055: Guide to Cost of Production Budgeting
Choosing what crops or livestock to produce is an essential decision of any farm business. This Factsheet outlines the process and use of Cost of Production budgeting for farm-level decision-making.
Ontario Farm Record Workbook - Publication 540
The Ontario Farm Accounting Workbook was developed in Excel format to help you in managing your farm business. It is designed to meet the farm business record keeping needs for commercial farms. It is simple, yet complete enough to provide details for tax purposes, for credit and for an analysis of your farm business. Version 5 was released in 2011.
Business Management Principles
- Farm Financial Records (a guide to managing for success)
- Farm Budget Database
OMAFRA Factsheet: Taxation
on the Sale of Farm Business Assets
This factsheet provides information to farmers who are considering the sale of their farming assets. It applies to sales to family members or strangers that occur at fair market value.
OMAFRA Factsheet: Taxation
on the Transfer of Farm Business Assets to Family Members
This Factsheet deals with the tax implications of transferring farm assets to family members and the options to minimize tax that farm families have available to them.
Canada Revenue Agency
Ontario Ministry of Finance
- Business Risk Management Programs
- Farm Management Canada
- Managing Market Risk
For more information:
Toll Free: 1-877-424-1300