Tel: 1-877-424-1300; Website: www.ontario.ca/omafra
Some of the OMAFRA factsheets available that provide information for farm families managing financial pressures are listed below:
Programs and Services for Ontario Farmers
Diagnosing and Managing Cash Flow Problems
Options for Farmers Dealing with Financial Difficulties
Taxation on the Sale of Farm Business Assets
Identifying and Managing Stress: A Business Owner's Guide
A Guide to Agricultural Security Agreements
These are available by contacting the Agricultural Information Contact Centre (1-877-424-1300), on the OMAFRA website (see above), As well, the AICC is available to answer questions, provide information, and put you in touch with one of the ministry's provincial specialists.
There are several computer programs available on the OMAFRA website to assist producers with planning and decision making.
Loan Calculator - Includes: Payment Schedule, Loan Comparisons, Loan Prepayment Schedule, Refinancing Schedule plus other Schedules.
Ontario Farm Management Analysis Project (OFMAP) Swine Farrow to Finish Input farm financial and production information to generate accrual income statement, balance sheet, financial ratios, and costs of production for the swine and crop enterprises.
The Farm Financial Analysis and Planning Workbook - Produce a complete set of financial statements including a cash flow, debt servicing worksheet, and current and projected income statements.
Crop and Livestock Budgets The enterprise budgets assess the potential economic impact of production and marketing decisions and risk management factors and strategies.
Swine Budget Monthly budgets are available online or in the Pork News & Views in the Better Pork magazine.
The challenge and opportunity is to use the available resources and information best suited for the planning and management of your farm business goals. Recognize the current situation, develop solutions, seek assistance, and keep the communications open with everyone involved.