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Wednesday, 18 January 2017 11:34

Stark and Marsh will host an Ag Outlook at the end of the month

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On January 25, at he Living Sky Casino’s Sky Centre in Swift Current, an important seminar called Ag Outlook will take place.

Enjoy keynote speakers and break out sessions on the world economic outlook, cattle outlook, tax issues facing ag producers, farm succession planning, grain commodities outlook, wealth management, insurance and risk mitigation, and positive psychology for team building.
Bill Wiebe will be covering three main scenarios many farmers in our region are finding beneficial when it comes to transitioning wisely.
1. If your current farm corporation has built up significant cash that will put you offside for various tax rules,  and you own the farm land personally then starting up a new corporation (Landco) to buy the farm land may be a solution.  This strategy could work well for families with farming and non-farming children as the Landco can be willed to either.
2. Selling or buying shares of a corporation that owns farm land. If you have a corporation in place that owns land with the tax cost being lower than the current value, selling the shares of the company means the buyer can still get the land with the higher tax cost while the seller can utilize the capital gain deduction.
3. Freezing the value of a farm Corporation so farming children can begin earning equity gives them the opportunity to start earning some of the growth in the value of the farm corporation but also allows you to keep the current equity to financially prepare for retirement.
9-9:30 a.m. Registration
9:30-9:45 a.m. Welcome from Mark Clements, Regional VP Business Solutions – Innovation Credit Union
9:45-10:45 a.m. World Economic Outlook with Brad Magnusson, CEO – Magnusson Consulting Group
10:45-11 a.m. Dickson Agencies & SGI Canada Refreshment Break
11-12  Grain Commodities Outlook with Brad Magnusson, CEO – Magnusson Consulting GroupNoon-1 p.m. Lunch Break provided by Innovation Credit Union and Stark & Marsh CPA LLP
1-2 p.m. Break Out Session #1 *please select one during the registration process
• Room A: Cattle Outlook - Brad Magnusson
• Room B: Tax Considerations for Farm Transitioning with Bill Wiebe, Tax Advisory Specialist – Stark & Marsh CPA LLP
2-2:05 p.m. Break Out Sessions #2 *please select one during the registration process
• Room A: Insuring your Farm Diversification and other Emerging Exposures Zenon Kucheran – Product Manager - Agro - SGI Canada
• Room B: Succession & Estate Planning with David Lawley - Director Credential Financial
3:05-3:20 p.m. Dickson Agencies & SGI CANADA Refreshment Break
3:20-4:20 p.m. Positive Psychology: Building High Performance Teams with Dale Botting – Botting Leadership Inc.
4:20-4:30  p.m,. Closing Comments & Door Prize Draw from Elden Moberg CEO - Stark & Marsh CPA LLP

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