Consider how cash management, diversification, risk management and investments could reduce unnecessary struggles faced by your farm.
Tag Archives diversification
Common pitfalls in farm finances
Farm Family Coach: Active management in some key areas can reduce unnecessary struggles for your farm
Editor’s Rant: We’re all Phil now
It’s been a long time since I’ve watched the movie Groundhog Day, where Bill Murray plays a weatherman doomed to live out the same day over and over again, but I’d say that to see pundits talking — on and around Groundhog Day, of all days — about the suddenly urgent need to diversify Canada’s […] Read more
FCC identifies export, market opportunities for Canadian food
The ag lender's latest report highlights canola oil, pork, potato products, crab meat
Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
Some good ol’ reminders about diversification
No crazy ideas about what to do with alfalfa and barley
I must admit I haven’t heard much about farm “diversification” in recent years. And maybe that just means everyone these days is already diversified to the max so there is no need to talk about it. I think back 15 or 20 years and there were many actively promoted diversification schemes (and some of them […] Read more
Pulse weekly outlook: FCC sees opportunities for exports
MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more
Quebec offers aid to lessen brunt of U.S. tariffs
Montreal | Reuters — The Quebec government on Wednesday said it would spend $863 million over five years to mitigate the impact of U.S. tariffs on companies and the province’s agriculture sector. The plan would provide direct financial aid to some companies affected by the tariffs and would support investments to improve productivity, worker training […] Read more
Trudeau says doesn’t think Trump will pull U.S. out of NAFTA
Ottawa | Reuters –– Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the US$1.2 trillion trade pact. Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to […] Read more
Six lessons for diversification from the Glenn family
In 1981, Jim Glenn wanted to supplement the farm’s income during the winter. So he fired up his new John Deere 3140 loader tractor and headed for town, doing snow removal for commercial properties in the village of Keene and the nearby city of Peterborough. Between jobs, Jim would grow the business by keeping his […] Read more
Four tips for farm diversification
With lower prices and high disease pressure, farmers looking for new crops to fill in gaps in rotations or increase profits can use these tips to evaluate new opportunities
If you’re like most Canadian farmers 2014 was hard. Low commodity prices depressed incomes across all operations. For many younger farmers this will be their first experience of hardship. The last few years, when many began farming for the first time, have seen high prices and many may had planned growth and expansion for the […] Read more
Cyber-Savvy Farmer
