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COVID-19 Farm Programs and Concerns

BDO put together a task force of agricultural advisors from across Canada to identify the highest priority concerns from our clients. We want to help you through these changing times, so you can focus on ensuring quality Canadian food continues to be produced.

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Connecting Manitoba Business with programs and resources during COVID-19

Many businesses and not-for-profits in Manitoba are facing significant challenges due to COVID-19. If you're one of them, the Manitoba Economic Support Centre is here for you.

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Understanding Farm Financial Statements

BDO’s team of agriculture accountants have standardized the farm financial statement to serve farmers’ best interests. Efforts to streamline this process allowed us to develop a set of financial benchmarks as a way for clients to compare their results year over year to plan better for the future based on specific areas of focus.

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Budgeting Farm Machinery Costs

This factsheet provides a framework for calculating the total annual cost of farm machinery so that you can determine whether it makes economic sense for you to own a machine. The best source of information to budget farm machinery costs is your records.

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Machinery Cost Calculator

The Machinery Cost Calculator is an excel worksheet that contains a machinery cost calculator, cost charts, a factsheet on machinery budgeting, and a comparison worksheet that looks at machinery replacement options including purchase, repair, lease and custom hire. It also has a simple cash basis lease worksheet.

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Managing the impact on global supply chains

This webinar covers: - How EDC is monitoring the impact of the virus and its effect on global supply chains - How the virus outbreak will impact the global economy and which countries will be most affected - How to protect your company against the risk of not getting paid if your suppliers or customers don’t pay - How to get more working capital from your bank

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COVID-19 disruptions bring opportunities and challenges to food supply chain

The Canadian economy has been under a lot of stress. The first quarter Gross Domestic Product declined by 8.2% YoY, and the unemployment rate reached 13% in April. And there’s likely more negative economic data coming in the second quarter and household income will be pressured.

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The AgriRecovery Framework is part of a suite of federal-provincial-territorial (FPT) Business Risk Management (BRM) tools under the Canadian Agricultural Partnership. AgriRecovery is an FPT disaster relief framework intended to work together with the core BRM programs to help agricultural producers recover from natural disasters. The core BRM programs are, in part, designed to help producers deal with the income and production losses they experience when disasters occur. AgriRecovery cannot duplicate or replace the assistance provided by these programs.

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A Guide for Direct Sales to Consumers During COVID-19 and Beyond

During these unprecedented times, the Ontario Federation of Agriculture (OFA) recognizes that it is not ‘business as usual’. We hope to provide some support and guidance to help you continue to market and sell your agricultural products.

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Certificate Course in COVID-19 and the Economics of World food and Agriculture

This timely certificate course was designed to help participants to process and interpret all of that information through the lens of agricultural economics. Drawing upon information from around the world, we considered the links between COVID-19 and our agri-food system, both the direct links between the disease and the food system, and the indirect links between our risk management behavior and the food system.

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Understanding and managing cash flow

A cash flow budget is an estimate of all cash receipts and expenses expected to occur during a specific period. Cash flow examines money movement, not net income or profitability, but it’s an essential part of financial management.

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Did COVID-19 disrupt trends in Canada ag and food trade?

The economic impacts of the COVID-19 pandemic extend to all sectors of the economy. For ag and food trade, the long-term effects could be important as the COVID-19 pandemic has exemplified the fragility of food supplies that depend on imports. In response, several countries are developing their ag and food sectors to become more self-reliant.

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Financial Ratios

Forming a clear financial picture of your operation is important. One way to get the information you need is to calculate your operation's liquidity, solvency and profitability – three measurements that will help you evaluate your financial situation.

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Establishing a Floor Price by Buying Put Options Video

This video explain the basics behind the many risk management strategies available that offer price protection for short hedgers involved in producing or selling grain and oilseed products. Farmers, merchandisers, grain elevators and exporters understand the impact that a decline in prices could have on their business. It is important that they at least familiarize themselves with various alternatives for mitigating this risk and protecting their bottom line.

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Business Risk Management Programs

Business risk management (BRM) programs help farmers manage risks that threaten the viability of the farm. They provide protection against different types of income and production losses.

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COVID-19 Financial support for farmers and food processors

A list of financial support resources from Agriculture and Agri-Food Canada during the COVID-19 pandemic

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Animal Health Emergency Management Project

Enhancing Emergency Management in Canada’s Livestock Industry With consistent disease information, training opportunities, quality resource development, and collaboratively defined protocols, the AHEM project is helping to protect industry livelihood.

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CFIA Animal Biosecurity

The Canadian Food Inspection Agency (CFIA) develops national biosecurity standards, protocols and strategies designed to protect animal resources in collaboration with producer organizations, provincial/territorial governments, and academia.

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