Seven strategies of successful farms

Seven strategies of successful farms

Focusing on costs, risks, and your farm’s budget and financial plan

I’ve been discussing the top seven practices of successful farm management. In this article, let’s focus on the last three. No. 5 on the list is knowing your cost of production. I break costs of production out into three components: direct, variable and fixed costs. Direct costs are those expenses that have a direct impact […] Read more

This photo was taken July 25,2017. It is a good quarter section that has changed hands and belongs to an absentee owner. It was “planted down,” and the result a few years later was a decent stand of bromegrass. This looked like a fair seed crop. But it was later baled as a hay crop.

Les Henry: Fertilizing for forage yields

For higher grass yields, fertilize it like a crop

We often hear “plant it down” when a field is not performing well for annual crops. That may mean simply planting some grass and accepting hay yields determined by the moisture in a given year. It is not uncommon for such stands to perform poorly and then be utilized as pasture. There are many situations […] Read more


Commodity booms and busts: Part 1

Commodity booms and busts: Part 1

Commodity price highs and lows are tightly tied to the economic cycle

The U.S. stock market had one of its worst decades on record from 2000 to 2009, even worse than from 1930 to 1939, averaging just 1.2 per cent returns annually. Commodities, on the other hand, had a fantastic decade. U.S. stock markets had a great decade from 2010 to 2019, averaging 14.2 per cent annual […] Read more

Mary and Roelof van Benthem, dairy farmers from central Alberta are regional Outstanding Young Farmer finalists for 2020.

Alberta kicks off Outstanding Young Farmers year

Just when I thought I knew everything about agriculture

A bright young dairy farming couple from central Alberta is kicking off the 2020 awards year for Canada’s Outstanding Young Farmers. Roelof and Mary van Benthem of Spruceview, about 30 km west of Innisfail, were selected in February as Alberta’s regional nominees for the national awards. They are the first of seven regional nominees from […] Read more



Year and decade financial review: Part 3

The best market predictions are based on probabilities calculated from past performance

The last two columns reviewed Canadian and U.S. decade-long economic and investment performance. Successful investing takes a long-term approach; understanding the underlying reasons for the macro picture is important. Let’s look more short-term. What happened last year, how did our portfolios perform, and what is likely to happen in 2020? I concluded my 2018-19 New […] Read more


Farm Financial Planner: Farm transfer could lead to “hobby farm” status

Farm Financial Planner: Farm transfer could lead to “hobby farm” status

Passing on an unprofitable farm can raise tax challenges for the next generation

A couple we’ll call George and Mary have farmed in south-central Manitoba for the last 35 years on a third-generation family farm. Each is 60 years old. Their dilemma is generational transfer. Their issue is the fundamental low level of profitability that could, if not handled properly, cause the farm owner to lose their ability to […] Read more

Aster yellow damage in 2012

The real extent of the crop yield damage done by aster yellows that summer

Aster yellows is a minute phytoplasma bacterium that causes losses annually to a wide range of farm and horticultural crops. Most years, it is usual to see little in the way of aster yellows damage to canola, the most obviously affected crop. When you check canola fields in full bloom you can often pick out […] Read more



Deciding to try a new-to-you crop

Deciding to try a new-to-you crop

Q & A with Nutrien Ag Solutions

Q: Should I add a new crop into my rotation? A: Farming operations are becoming more diverse with increased interest in adding new crop types into rotations. Adding a new crop type may be as simple as adding a different cereal crop or may be as diverse as adding soybeans, coriander, caraway, hemp or quinoa. Adding […] Read more