HomeMy WebLinkAboutLakeshore Advance, 2011-01-26, Page 8PAN NO. Mt46111
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8 Lakeshore Advance • Wednesday, January 26, 2011
Recognizing value in Farm Business Registration
Mark Wales
Vice President of the Ontario
Federation of Agriculture
At the beginning of each year
farmers across the province begin
preparing for the Farm Business
Registration season to take
advantage of government
incentive programs for fanners.
livery Ontario farmer who earns
a minimum of $7,000 or more in
farm income must register their
business with AGRICORP under
the Farm Business Registration
(FBR) program for the following
year. With this registration,
farmers are eligible for other
government programs and can
take advantage of valuable tax
incentives for their property. Most
crop, dairy or livestock sales are
eligible sources of farm income
and are regulated through the
Canadn Revenue Agency. Look for
,your Farm Business Registration
forms in the mail in !tummy.
New and beginning farmers
cannot obtain an I:BR from
AGRICORP in their first year
because they have not yet met the
$7,000 gross farm income
requirement in the previous year.
Through OMAFRA's Farm
Property Class hurt Rate program,
new farmers can apply for a
start-up exemption. When the
minimum $7,000 threshold is
reached, these farmers must
remember to apply for an FBR
number.
The Ontario Federation of
Agriculture has asked the Ontario
government to simplify the
process for new and beginning
farmers by using the start-up
exemption to qualify new farmers
for the FUR number itself.
With the annual FBR fee,
farmers gain membership to one
of the three general farm
organizations in Ontario, one of
which is the Ontario Federation of
Agriculture. With more than
38,000 members across Ontario,
the OFA is the foremost advocate
for Ontario's farm families and the
leading general farm organization
in Canada.
We demonstrate this through
our ongoing efforts to advocate
your concerns. In recent years, the
OFA has worked closely with
govenunent and industry partners
to return $1 billion back to our
members - an average of $20,000
per farm family - through tax
incentives and exemptions,
lobbying government to voice
your top concerns, and working
closely with commodity partners
to develop bankable risk
management programs for
farmers. We continue to focus our
attention on these and other
opportunities for fanners to
demonstrate our commitment to
our members.
For 75 years we have been
dedicated to making our members
our number one priority and have
the relationships with govenunent
and industry partners needed to
make your voice heard.
This January,
when you receive
your Farm
Business
Registration
forms, secure a
better future for
your farm by
registering with
the OFA, We look
forward to
working with you
for another year
of advocacy for
Ontario's farm
families,
XII
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