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  • Denise Filipchuck

June Newsletter

Good afternoon,

Managing the family business, as well as the family and business relationships can feel like navigating through a storm. If this describes how you feel at times, you’re not alone. The stressors like weather, lack of sleep, breakdowns, employee issues, etc. pile on to the existing and often underlying business or family issues.

Over the past year or so, the game has changed a bit, the floor seems to keep shifting where managing risk on the farm through these interesting times is more challenging that it has been in the past, and for some producers perhaps their entire farming career. Farmers can take various risk management steps to protect their business from major risks.

Risk Management Strategies: To read the 12 risk management strategies and the rest of the article, click here.

Government Covid-19 Assistance:

Canada Business Emergency Account: New updates on May 19, now allow for sole-proprietors as well as corporations to qualify for this $40,000 loan, where 25% is forgivable if 75% is repaid by December 21, 2022 .Canada Business Emergency Account

Canada Employment Wage Subsidy: As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 24 weeks, retroactive from March 15, 2020, to August 29, 2020. The CEWS application is available through your CRA MyBusiness Account.

Temporary Payroll Remittance Relief: The 10% Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to CRA. Temporary Payroll Remittance Relief

Phone Coaching: In addition to consulting, meeting facilitation, and family communication coaching, FMI offers phone, or virtual meeting, financial coaching packages. Contact me to start a discovery discussion about how I can help you navigate with confidence and peace of mind.

Peer Group: We are accepting applications for peer group participants. The next peer group meeting is scheduled for July 22 and 23 in Saskatoon. For more information about how belonging to a group of your peers can help you manage your business and relationships more successfully, or to apply to be added to an established group, please contact me.

Presentations and Learning Events: I will be presenting or facilitating at the following events. If you would like me to speak at your industry or organization’s event, let me know and we can talk about how my speaking topics may fit with your group’s agenda. Event updates are posted at, so feel free to check there for the latest updates.

Yorkton– CAFA Parkland Chapter Meetings - Fourth Wednesday of September to November, 2020 and January to June, 2021

Virden– Feb 18, 2021 - Managing Through the Storm Seminar

Yorkton– Feb 25, 2021 - Managing Through the Storm Seminar

Mental Health: It has been a very challenging year or so for many farm families and it is only natural that you or someone you know may be feeling additional stress. It takes strength and courage to recognize the increased signs of stress and ask for help or support someone who is in need of assistance. 24/7 crisis counselling is available at the numbers below.

SK Farm Stress Line & Rural Support: 1-800-667-4442

MB Farm & Rural Support Services: 1-866-367-3276

Would you like more help expanding your financial knowledge, increasing your confidence and improving your family and business relationships? Contact me to learn about my farm financial and strategic planning, intensive debt management and farm family business coaching!

If you know someone who would like to have my emails, send me their contact information, or have them reply to this e-mail. There is no obligation or cost and they can unsubscribe if they wish. The greatest compliment that I can receive from my clients is their trust and to introduce others who I may be able to help. So Thanks!

I routinely post information that I find interesting and valuable, for my followers on Twitter @DFilipchuck and LinkedIn. Follow or connect with me on those sites to see what "makes the cut". To read my published articles and newsletters visit me at

Wishing you and your family a successful growing season with good health and wellness.

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