Towards Increased Profits (TIP) report

The TIP report is a simplified cash-basis farm financial analysis, which provides you with a cost of production (COP) report to compare your own farm’s current year (income and expenses) to your previous 5-year average and to benchmarks with other farms of similar type and income range.   

The TIP report is intended to enable your farm to identify areas of strength and weakness to improve your competitiveness, productivity and ultimately your net income. Your TIP Report is based on information you provided to the AgriStability (AS) and/or AgriInvest (AI) Programs through the Canada Revenue Agency (CRA).

The ministry is pleased to provide you with your Towards Increased Profits (TIP) Report which is funded in part by the Sustainable Canadian Agricultural Partnership (Sustainable CAP), a federal-provincial-territorial initiative.

The Towards Increased Profits (TIP) Report is adapted with permission from the Ontario Ministry of Agriculture, Food and Rural Affairs’ (OMAFRA).

For general questions about the TIP report, please direct your email to AgriServiceBC@gov.bc.ca or phone:  1-888-221-7141. 

Technical questions can be forwarded to Gary Flaten, Farm Business Specialist with the ministry at 236-766-7068 or gary.flaten@gov.bc.ca.   

We welcome any feedback or suggestions for improvements.

Note:  Individuals may wish to have a more complete farm management analysis conducted by contacting their financial advisor or accountant.

1. Cost: There is no cost to you (the producer) to receive a TIP report.  It is an additional service the Ministry is offering.  
2. Eligibility: Any producer who is enrolled in AgriStability/AgriInvest is eligible to receive a report.  Note:  the producer must consent / request the report.
3. Mailing frequency: TIP reports are to be sent out yearly some time in the fall/ winter. Note:  By mail only.  Currently, we are not offering the reports to be sent out by email or fax.
4. Opting out: Once a TIP report has been consented / requested, the producer will receive the report on a yearly basis.  If the producer does not want to receive the TIP report, they have the option to opt out.       

Each spreadsheet will have a file name indicating the commodity type and Program Year (PY).For example: Apples for the 2020 Program Year will be:  Apples2020PY.    

Each commodity spreadsheet will have tabs at the bottom indicating what Income Range is represented. For example: an income range from $0 to 50k in sales will be: $0to50k_IR. 

• Apples (XLSX, 179 KB)
• Berries (XLSX, 172 KB)
• Blueberries (XLSX, 176 KB)
• Cherries (XLSX, 175 KB)
• Cranberries (XLSX, 160 KB)
• Floriculture (XLSX, 172 KB)
• Forage (XLSX, 171 KB)
• Grains & Oilseeds (XLSX, 179 KB)
• Grapes (XLSX, 177 KB)
• Mushrooms (XLSX, 156 KB)
• Nursery (XLSX, 177 KB)
• Potatoes (XLSX, 160 KB)
• Tree Fruits (XLSX, 168 KB)
• Vegetables (XLSX, 177 KB) 
• Vegetables, Greenhouse (XLSX, 155 KB)

Each spreadsheet will have a file name indicating the commodity type and Program Year (PY). For example:  Dairy for the 2020 Program Year will be:  Dairy2020PY.   

Each commodity spreadsheet will have tabs at the bottom indicating what Income Range is represented. For example: an income range from $0 to 50k in sales will be:  $0to50k_IR. 

• Apiculture (XLSX, 161 KB)
• Cattle, Cow/Calf (XLSX, 177 KB)
• Cattle, Feeder (XLSX, 180 KB)
• Dairy (XLSX, 166 KB)
• Livestock, Other (XLSX, 171 KB)
• Poultry, Chickens (XLSX, 165 KB)
• Poultry, Layers (XLSX, 155 KB)
• Poultry, Layers (Hatching) (XLSX, 155 KB)
• Poultry, Turkeys (XLSX, 156 KB)
• Swine (XLSX, 155 KB)