Intelligent Farmer by Lorkovic Wealth Management 

Farming advisors helping your family make important decisions.

Frank Lorkovic team photo

The tax pitfalls of selling quota

 

January 1, 2017, the Government of Canada made changes to how quota sales are taxed. Many farmers are not aware that these changes could now result in a significant...

tractor in a field

Is it time to review and update your will?

 

Just like land and quota prices, family dynamics, estate laws and the income tax act continue to change and evolve over time.

Grain and oil seeds

Succeeding in your farm's succession

 

For agricultural to prosper in the future, it is important to have a successful transfer from one generation to the next.

business farmer

Before and after incorporating your farming business

 

Several decisions that need to be made to ensure that everything is set-up to make this process as smooth as possible.

Farm Succession Planning Services

Every farm tells a story, with each generation adding a chapter to the book.

 



1. Discovery

Listen and fully understand what is important to you and your family and the future of your family’s farm.



2. Deliverable

Create a highly customized plan that incorporates the future of the farm, your personal wealth, and most importantly what you and your family want out of life.



3. Implementation

Work with your existing team of professionals to implement planning strategies, capturing every opportunity so you and your family can have peace of mind.

 

Intelligent Farmer Newsletter

NEW Fall 2024Intelligent Farmer Fall 2023

• Farm succession planning - Is it time to formulate a plan?
• Farm Succession Planning Guide
• From one generation to the next
• Pick the right structure for your farmhouse
• Soybeans, corn & wheat Update
 

 

 

Previous Issues

Intelligent Farmer Fall 2023

Spring 2024

• Your 3-Point mental health & resilience checklist

• Tax issues at home: Farmhouses

• Saving for retirement on the farm

Intelligent Farmer Fall 2022

Fall 2023

• Farmers Wanted
• For Canada's farmers, soil could be the new gold

Intelligent Farmer Fall 2022

Spring 2023

• The Growing Challenge Part 2: Beef, Biogas, Dairy and Data
• Soybeans, corn & wheat Update
• Southwestern Ontario Land Values
• 2023 handy financial planning facts

 

Intelligent Farmer Fall 2022
Fall 2022

• Structuring a farm business
•Smart Farming
• Cut your tax bill
• Soybeans, corn, & wheat update

Intelligent Farmer Fall 2020
Spring 2022

• Southwestern Ontario land values
•AgriStability changes
• The rules of family farm transitions are changing 

Intelligent Farmer Fall 2021
Fall 2021

• To build or not to build?
• Four reasons to consider renting farmland
• Reduce your risk, boost your business, and improve your rates

Intelligent Farmer Fall 2020
Spring 2021

• How Herrle's country farm market pivoted during COVID-19
• Tax treatment of road-going farm vehicles
• COVID-19's impact on farmland values in southwestern Ontario

Intelligent Farmer Fall 2020
Fall 2020

• Thank You Ontario Farmers
• Benefits of starting a single-purpose land corporation
• Pre-harvest & oilseeds update

Intelligent Farmer Spring 2020
Spring 2020

• Getting back to making smart financial decisions
• Before and after incorporating your farming business
• 2020 Real estate update

Intelligent Farmer Fall 2019

Fall 2019

• 10 Key questions to ask
• The new rules surrounding Capital Cost Allowance
• Selling your U.S. property

Intelligent Farmer Spring 2019

Spring 2019

• Succeeding in your farm's succession
• Reduce your risk, boost your business, improve your rates
• 2019 Handy financial planning facts

 

What farming clients have to say about Lorkovic Wealth Management

 We really appreciate all you did for us in the meeting this morning. It is so helpful to have a review and to know with we are still on track with our financial plan. Thanks again for all the team does for us.  

 Your team always puts our best interest first.
Thank you for all you do for us. 

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