cost of production Archives - Page 3 of 3

Editor’s Column: How to optimize your cost of harvest

By Kari Belanger September 23, 2021

Why is grain loss at harvest such a big deal? Even one bushel of excess canola loss per acre could mean a hit of $15,000 per 1,000 acres, says Joel McDonald, who farms near Kyle, Sask. Managing your grain harvest losses is particularly important when commodity prices are high, and given this past challenging growing […] Read more

Morris’ Quantum Air Drill had its first public appearance at Canada’s Farm Progress Show and its formal launch at Ag in Motion in 2018. (Grainews photo by Scott Garvey)

Crops, Machinery

Ag equipment maker Morris in creditor protection

By GFM Network News January 11, 2020

Downsizing and staff cuts lie ahead for well known Prairie farm equipment maker Morris Industries as the company enters creditor protection due to a “liquidity crisis.” The Court of Queen’s Bench in Saskatoon on Wednesday approved the Morris Group’s Jan. 3 application, which stays any proceedings or actions against the company until Jan. 18 at […] Read more

Jeff Leal, Ontario’s minister of agriculture, food and rural affairs (fourth from left), announced the new Greenhouse Competitiveness and Innovation Initiative at a greenhouse in Bowmanville, Ont. (Photo courtesy OMAFRA)

Crops, Fruit/Vegetables, Machinery

Ontario greenhouse growers get competitiveness fund

By GFM Network News March 24, 2017

The Ontario government is putting $19 million into a new initiative to support the competitiveness of the greenhouse sector in the province. Provincial Agriculture Minister Jeff Leal announced the funding on Thursday at Link Greenhouse near Bowmanville, just east of Oshawa. The Greenhouse Competitiveness and Innovation Initiative aims to provide funding for the creation of […] Read more

Crops, Features

Production costs for spring planning

For farmers in southern Manitoba, soybeans are pencilling in well for this spring

By Angela Lovell March 20, 2017

Across the Prairies, new cost of production figures and calculators for 2017 are appearing on provincial websites to help producers make sound production, management and marketing decisions. On the marketing side things look a little rosier than they did this time last year. “When you look forward to September 2017, it doesn’t look as bad […] Read more

Livestock, Poultry/Eggs, Reuters

McDonald’s cage-free egg pledge pressures farmers

By Rod Nickel, GFM Network News September 22, 2015

Reuters — This month’s pledge by McDonald’s Corp. to phase out eggs laid by caged hens in its North American restaurants will increase competition for limited supplies of cage-free eggs. The ban, which follows similar moves by Burger King and food services company Sodexo, carries higher costs that may, at least initially, sting farmers. For […] Read more

Cereals, Columns

Farm management: Getting from good to great

Farming is a numbers game. Make sure you  make the most of the details on your farm 

By Brian Wittal June 22, 2015

In March, I spent four days traveling from Grande Prairie to Lethbridge as part of the Leading Edge Farm Management series sponsored by the Alberta Canola Producers Commission and I had the good fortune to be in the company of some very accomplished individuals. Dr. Danny Klinefelter from Texas A+M University who, I would say, […] Read more

Jake Leguee, who along with his parents, Russ and Sharon, and older sister Sarah, operates a 12,000 acre grain, oilseed and pulse crop farm between Filmore and Weyburn, Sask.

Crops, Features

Knowing production costs is important

Calculating your costs to produce grain is an important part of marketing

By Lee Hart February 25, 2015

Having a good handle on the production and marketing side of their south Saskatchewan farm is obviously important, but Jake Leguee says one of the most useful tools in overall management is knowing their breakeven point. The Leguees keep close tabs on their inputs and returns per acre for each crop. While they obviously target […] Read more

Columns, Markets

Rethink your selling position

If you’re afraid to abandon your entrenched position, you could  be missing on some profitable opportunities

By Kim Althouse May 16, 2014

Let me draw you an analogy. You’re are a private or corporal in an army. Your sergeant marches you out to a hill, where the intelligence guys summarize the enemy’s strength, what direction they’ll attack from and what weapons they’ll use. Your sergeant advises you to pick out a position based on this information and […] Read more

Farm Life, Features

Estimating costs of production

If you haven't calculated your costs of production on the farm, government numbers can help get you started

By Leeann Minogue April 17, 2014

Market analysts don’t always agree on price forecasts, but at every farm marketing presentation at least one analyst gives out the same piece of advice: know your cost of production. Calculating production costs is time consuming and frustrating. As soon as you’re done, the prices change. Here are four reasons to do it anyway: If […] 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