Bags Of Money On A Canola Field

The case for making cash flow projections

Financial Planning: A cash flow projection is a versatile financial risk management tool

Preparing a cash flow projection as part of your annual farm budget process could provide a signal that changes are needed for the upcoming year. While it’s true farmers have no control over the weather or commodity markets, we do have control over most costs. With the exception of unpredictable pesticide decisions, annual expenses may […] Read more

spring wheat

My answer to “the question”

What Brian Wittal has been telling farmers the markets will do this year

This time of year the question I get asked the most from producers is “what are the markets going to do this coming year?” I suspect I might have a better chance of trying to explain the meaning of life than trying to accurately answer this loaded question, but I am not one to shy […] Read more


Finding value in the stock market

Finding value in the stock market

Guarding Wealth: With soaring pot and cryptocurrency stocks, it can be hard to find value in the market

It has seldom been tougher to make off-farm investments. Markets for stocks have been combed for good values and apparent bargains snapped up. The best index of just how picked over is the S&P 500 CAPE ratio, short for the Cyclically Adjusted Price Earnings ratio. It is at 32 as I write this column, up […] Read more

Using annuities for an income stream

Guarding Wealth: They’re rock solid investments and eliminate market risk, but annuities are not cheap

Annuities are life insurance running in reverse. Rather than paying a premium for benefit at the death of the insured, an annuity stars with a lump sum and pays out income until the death of the person getting the money, the “annuitant” in annuity-speak. Payments will sometimes last longer than a lifetime, if there are […] Read more


The difference between the cash market and the futures market is called the “basis,” and it can send an important message about when to sell or not sell.

More on feeder cattle risk management

Market Update: Looking a little deeper into messages from the market

In the winter of 2017 I wrote a series of articles about price risk management for feeder cattle. I discussed hedging feeder cattle on the CME feeder cattle futures and also conducted a risk analysis on the basis for feeder cattle prices in Manitoba. Read more: Understanding feeder cattle risk: Pt. 1 Read more: Understanding feeder cattle […] Read more

Grain marketing lessons learned the hard way

Grain marketing lessons learned the hard way

Events in 2017 gave us many opportunities to make grain marketing mistakes

I know some of you living in Alberta where the boom and bust cycle of the oil and gas industry is all too common will have seen a bumper sticker on an oilfield worker’s truck that says, “Lord, give me one more chance at another oil boom and I promise I won’t piss it all […] Read more


Is private crop insurance a fit for your farm?

Is private crop insurance a fit for your farm?

Two Sask.-based companies are in the market. Find out how their products work

We’re used to dealing with private sector hail insurance companies, or at least seeing their ads. Now two companies, both based in Moose Jaw, Sask., are offering private crop insurance products to cover grain farmers’ risk. You might wonder how private companies could compete against a government-run Crop Insurance program where premiums are government subsidized to the tune […] Read more

U.S. tax cuts will increase beef demand

U.S. tax cuts will increase beef demand

Market Influences: Consumers will have more disposable income, leading to more spending

I’ve received many inquiries over the past couple of months regarding the potential effects of U.S. corporate and personal tax cuts on beef demand. I know most producers focus on cattle inventory numbers and cattle-on-feed reports, but old-time cattle producers often remind me that focusing on demand is the secret to long-term success in the […] Read more


Finding the price in the new age

Finding the price in the new age

With delisted futures contracts, who’s responsible for price discovery?

Over the past five years there have been major changes to the Prairie grain marketing landscape that have — or should have — changed the way you market your grain. The biggest change, and no doubt the catalyst for many of the changes since, was the removal of the monopoly marketing powers of the Canadian […] Read more

Climate FieldView is a new data platform in the 
Western Canadian market.

New digital data platform on the Prairies

The Climate Corp. launches its Climate FieldView 
service in Western Canada

It’s been a long time coming and in the works,” said Denise Hockaday, Canada business lead for The Climate Corporation. The Climate Corporation, a subsidiary of Monsanto, launched a new data service in the U.S. in 2015 and in Eastern Canada last year. Prairie farmers will have access to Climate FieldView for the first time […] Read more