Les Behonest called us the other day and his heart was racing. He had just finished combining and the crops turned out worse than he had imagined. Barney Binbuster called an hour later with the news of a huge crop. In fact, he told us the crop was so big he filled every bin and […] Read more
Fall Is A Great Time To Check On Working Capital
To Lease Or Not To Lease
Bernie Buysitall and his partner Louis Leasumting became clients last year. They have a great operation consisting of 2,500 acres of cash crops in southern Manitoba. They have an informal partnership both reporting income on their personal tax returns. They have had the fortune of three great crops in a row and have prepaid their […] Read more
Hiring The Rest: Who Can You Afford To Pay?
In this day and age, the skill set demanded of farm managers is tremendous: financial management; strategic planning; accounting; agronomy; human resources; marketing; information technology management and support; equipment repair, the list goes on. There is no one manager out there that fits the bill on all accounts. Not to worry, there is no end […] Read more
Put Working Capital To, Well, Work
Cornie Cudcostembig and Walter Waitnsee are two go-getters in theGrainewsfarm community. We have worked with these two chaps for a couple of years and found their story very interesting. Cudcostembig and Waitnesee farm beside each other and both have experienced good margins in the grain industry. Cudcostembig decided he wanted a big shed. He had […] Read more
How To Focus On Management And Goal Setting
We recently met with Billy Bothways who drove home the need to have focused management and strategic planning. He’s a fantastic farmer who has a very profitable operation. In the last couple of years, however, Bothways seems to be struggling with focus. In the past year, he’s called us numerous times asking our opinion on […] Read more
When To Sell Land
We have recently had a number of discussions with clients regarding the decision of whether or not to sell land. One such discussion has been with Art Appreciator. He was struggling with the decision to sell land to pay off some debt. Art ran into some financial trouble a while back and has been sitting […] Read more
Texas In The Lexus Or Dodge In The Lodge, Part 5
In the first four parts of this multi-part series, we stressed the importance of understanding and committing to very clear goals prior to entering into retirement planning. Part two stressed the importance of calculating your financial needs for retirement and your options to generate cash by earning cash with assets or generating cash through the […] Read more
Texas In The Lexus Or The Lodge With The Dodge, Part 4
In the first three parts of this multi-part series, we stressed the importance of understanding and committing to very clear goals prior to entering into retirement planning. Part two stressed the importance of calculating your financial needs for retirement and your options to generate cash flow. Part three shed light on the tax considerations and […] Read more
Texas In The Lexus Or The Lodge With The Dodge, Part 3
In part one and two of this multi-part series, we stressed the importance of understanding and committing to very clear goals prior to entering into retirement planning. Part two stressed the importance of calculating your financial needs for retirement and outlined your options to generate cash by earning cash with assets or generating cash through […] Read more
Texas In The Lexus Or The Dodge In The Lodge: Part 2
In part one of this multi-part series (see the last issue), we stressed the importance of understanding and committing to very clear goals prior to entering into retirement planning. This commitment to specific and well understood goals will provide you with a strong compass as you navigate through the rest of the process. In this […] Read more
Cyber-Savvy Farmer
