Business Archives - Page 4 of 7

Managing ourselves in times of crisis

The reality is that we are in uncharted waters

By Herman VanGenderen May 11, 2020

Since my last article was written, the economic situation has deteriorated significantly. Our stock markets have been in freefall with the U.S. market recording its fastest ever 30 per cent decline. I use U.S. market history rather than Canadian because the data is readily available and the United States is the largest, most diversified market […] Read more

Columns

Seven strategies of successful farms

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

By Brian Wittal March 12, 2020

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

News, Wheat & Chaff

Protect yourself from financial risks

Q & A with Nutrien Ag Solutions

February 20, 2020

Q: How can I protect my farm business from financial risks? A. Farming is a risky business, but there are a few things you can do to protect your operation. Start with a business plan. A good business plan includes plans to market grain well ahead of actual grain movement to mitigate price risk and […] Read more

Markets, Reuters

Corteva signals hit from delayed planting in Brazil, slowing China

By GFM Network News October 31, 2019

Reuters – Corteva Inc said on Thursday demand for grains and oilseeds could be hit by a delayed soybean planting in Brazil and cooling growth in China and emerging economies, sending its shares down 8 percent. Persistent dry weather has pushed out soybean planting and the use of crop protection products in Brazil, the world’s top […] Read more

In early 2018 John Deere marked the 25th anniversary of its high-tech Intelligent Solutions Group at the same time it opened this new building to house much of those operations at Des Moines, Iowa.

Equipment, Machinery

John Deere marks 25 years of digital technology

Deere's ISG’s ultramodern facility designed to keep software development on pace

By Scott Garvey October 30, 2019

In a suburb of Des Moines, Iowa, John Deere has built a new home for its Integrated Solutions Group (ISG) tech specialists that is as unique in its design as software once was to farm machines. The new ultramodern facility is designed to help engineers and scientists collaborate and reach innovative solutions in the shortest […] Read more

Paul Rea is BASF’s senior vice president agricultural solutions North America. Rea says there is an opportunity to increase ag production in North America.

Crops, Features

BASF launches into a new era

Diversified portfolio and commitment to Canadian growers

By Lee Hart October 25, 2019

[UPDATE: Oct. 29, 2019] Hybrid wheat certainly isn’t the only new product BASF has in the development pipeline, but it is an indicator of the game-changing technology the long time “pulse crop” company plans to deliver to western Canadian farmers in a vastly expanded cropping systems role over the coming years. While field trials of […] Read more

Reuters

Corteva shares rise as profit beats on international markets

By GFM Network News August 1, 2019

Reuters – Pesticide and insecticide maker Corteva Inc’s quarterly profit beat estimates as volumes and prices in its international markets rose more than expected, sending its shares up more than 8 percent . Investors cheered Corteva’s upbeat numbers, its first after separation from DowDupont in June, as they were a rare bright spot among agricultural […] Read more

Features, News

Your farm financial scorecard

Farm financial statements can offer you a lot more than just a way to keep score

By Craig Macfie March 15, 2019

If you had time to go golfing or perhaps mini-golfing last summer, you likely filled out a scorecard to track your success (or lack thereof). Keeping score allows you to track your progress and rank yourself against your competition. The golf clubs, green fees, and your time represent a significant investment and the scorecard measures […] Read more

Features

Five reasons to make a farm business plan

Many farmers do not have a business plan. Here are five reasons to make one for your farm

By Art Lange February 28, 2019

Actually doing a business plan for your farm can be a real chore for many farmers since they are “hands-on” people that prefer the actual day-to-day work (which is always necessary) rather than “desk work.” However, as operations become larger, more complex and involve more people the reasons for business plans become more important. Here […] Read more

General

Six traits of highly effective leadership

January 30, 2019

If we want to generate a higher return on investment (ROI) on our leadership, describing how leadership can be developed and characterizing why leadership is effective are all well and good, but what do highly effective leaders do? How do they behave? What fundamental abilities do they possess that enable them to achieve the kind […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News