The Ontario government is moving ahead with plans to reduce the amount of money families must pay in estate taxes after the death of a loved one.
Right now, estates valued at $1,000 or less are exempted from the estate administration tax, but the province charges $5 per every $1,000 of the first $50,000 of the value of an estate.
After that, the tax is… Continue reading
Descended from early United Empire Loyalists settlers in the area, Blair Townsend is a third generation Norfolk County tobacco farmer. In 1985 during a market downturn, his father and three associates, all tobacco growers, were looking for a way to combine forces and diversify. After considerable market research, they decided to plant popping corn. The variety decided upon was white-hull-less, a “finicky” crop because of… Continue reading
The March 2018 planting intentions report by Statistics Canada estimated Ontario farmers intended to plant 2.2 million acres of grain corn, comparing to a 5-year (2013-2017) average of 2.1 million acres (OMAFRA Crop Statistics).
A cool April coupled with snow and freezing rain events through to the middle of the month limited early field work. A warm dry period during the last week of… Continue reading
Ferrero Canada has signed a new three-year memorandum of understanding with the Ontario Hazelnut Association, doubling its original three-year agreement.
The global chocolate and confectionery manufacturer wants to help develop hazelnut varieties that are suitable for southern Ontario’s climate and soil conditions so the company can have a reliable supply for its Brantford plant and “de-risk” its supply chain, Acevedo said.
Under the original agreement,… Continue reading
The United States-Mexico-Canada Agreement will support jobs and economic growth in South Western Ontario
Ernie Hardeman, the longtime Oxford MPP, has been named minister for agriculture, food and rural affairs.
Oxford County MPP Ernie Hardeman has been tapped to lead the agriculture portfolio under Ontario Premier Doug Ford’s new cabinet, unveiled June 29, as Ford took power. The cabinet contains 21 members, down from the 28 ministers in place under former Liberal premier Kathleen Wynne.
Hardeman has held the post previously, serving as minister of Agriculture, Food and Rural Affairs from 1999 to 2001 under… Continue reading
The Canadian pork industry celebrated a milestone achievement at the Ontario Pork Congress today.
Shortly before noon, Mr. Yan, president of the Inner Mongolia Dahaoheshaw Agriculture and Husbandry Science and Technology Co. Ltd. in China, signed a contract to purchase 1,000 nucleus purebred pigs and 1,000 doses of frozen swine semen from Ontario-based companies.
Alliance Genetics Canada (AGC), a swine genetics company headquartered in St.… Continue reading
Ontario ginseng has become a hot commodity in markets around the world in the past decade, and Canada’s Agriculture and Agri-Food Minister wants to help farmers capitalize on that growth.
Lawrence MacAulay visited the farm of Bob Yin just south of Waterford on Tuesday to announce an investment of $360,521 to the Ontario Ginseng Growers’ Association (OGGA) to help in promotion and pursuit of new… Continue reading
The 2017 Farmland Values Report by Farm Credit Canada provides an annual look at the provincial and regional land value trends across Canada-this year in price per acre. Farmland values increased on average of 15.6% in 2017, to an average of $9,929 per acre. Prices for farmland across the region ranged from $6100 to $17,900 per acre. Across the province of Ontario the average farmland… Continue reading
Venture Norfolk is a community-based, not-for-profit Corporation located in Simcoe, Ontario, and is funded by the Federal Economic Development Agency for Southern Ontario. Their mission is to assist individuals, businesses, and organizations in the creation and maintenance of jobs in Norfolk County. Venture Norfolk plays a local leadership role in delivering financial and consulting services to small and medium-sized enterprises and in providing community economic… Continue reading