Buying farmland became more costly in 2024, according to Farm Credit Canada.
Farm business
Farmland becoming less affordable: FCC
How to get started on the succession road
If you’ve resolved to start transitioning the farm, consider these insights
The skills that farmers require to successfully navigate the retirement and transition process are not necessarily the same skills that built the business.
The ‘Rule of 72’: Why don’t they teach this in school?
Investing for Fun & Profit: A couple of important but simple math exercises for those new to investing
Invited by a former ag retailer and farmer to conduct an investing workshop, I was once again surprised by how few had heard of the “Rule of 72.” While working through this simple formula someone asked, “Why don’t they teach this in school?”
Gifts with a warm hand, not a cold one
Seeds of Encouragement: Quietly hoping things somehow all work out when you die is asking for trauma later
Many readers fear greed and entitlement arising in any succession and inheritance discussions now, so they quietly hope things will just work out somehow when they die. “Let the kids work it out on their own” is the thought — which is like lighting a match to gas.
Farming community needs to talk more about cybersecurity
The technology now brought to bear in farming makes farms more vulnerable to digital threats
Glacier FarmMedia — Talking about cybersecurity not only raises awareness in the farming community — it can help reduce the stigma suffered by those victimized by cyberattacks. That was the message from Janos Botschner, a behavioural scientist and researcher with the Community Safety Knowledge Alliance. Botschner spoke at the CropConnect Conference in Winnipeg on Feb. […] Read more
Editor’s Rant: Get lost, grandkid
If we don’t talk openly about scams we’re condemned to have them repeated on us
It’s not like I marked the exact date or time on the calendar, but otherwise I still clearly recall the day I officially got old. It wasn’t while having to catch my breath after taking the stairs. It wasn’t from the first time my feet got sore standing in line, being asked if I wanted […] Read more
Galileo Wheel introduces airless SkidCup skid steer tires
Improved traction and puncture-free performance with new tire design
In 2011, at Agritechnica in Germany, Galileo Wheel’s co-founder Avishay Novoplanski debuted a completely new ag tire design for tractors, called the CupWheel. It uses a unique concave sidewall, giving the tread surface a flatter, track-like contact with the ground, which the company says offers a 30 per cent increase in traction over regular tires. […] Read more
Remember risks as well as rewards in new equipment
Investing in a new model means you’re among the first to discover its hiccups
Bringing new equipment onto a farm can be an exciting and productive change to the way the farm operates. Having the latest in horsepower, capacity and technology can make the farm more efficient and easier to run. If one has the luxury to pay for it, it can be an obvious choice to order the […] Read more
Farm building code updates will drive insurance increases
Added costs such as fire separation areas and bracing affect replacement value
Glacier FarmMedia — An unintended consequence of planned upgrades to Canada’s National Farm Building Code (NFBC) may be higher farm insurance rates. That’s because, regardless of how the insured structure is built, if destroyed it will have to be rebuilt to the new and more complex code. An Ontario member of the Canadian Farm Building […] Read more
On-farm communication improves when we start with connection
Seeds of Encouragement: Where you stand with your offspring comes from their relationships to you
Elaine writes: In so many of the families we coach, we see communication breakdowns leading to escalation of conflicts. In some cases, using strategies that provide family members with the tools they need to have better communication can help — but in many cases a relationship between family members has broken down to the point […] Read more
Cyber-Savvy Farmer
