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Charting your expenses by line items over the past three to five years can clarify your cash flow requirements.
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‘Cash is king:’ what does that really mean?

Among other meanings, it refers to the strength of your business' cash flow

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We’ve all the heard the expression “Cash is king.” It’s a catchy phrase, but what does it really mean and how can we practically apply that concept on farms today? I submit what “cash is king” really means is to have money available to pay ongoing farm expenses such as crop inputs, wages, loan payments […] Read more
File photo of grain bins in Saskatchewan. (Chinaface/iStock/Getty Images)
General, Machinery, Markets

Over half Canada’s farm revenue now goes to biggest farms, census finds

More women operators, more sustainable practices, more growing under glass

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While it shouldn’t surprise anyone that the number of larger farms by sales in Canada is rising and the number of smaller farms is declining, Canada’s newest ag census also shows larger farm classes now capturing the majority of total ag revenue. Statistics Canada on Wednesday began releasing data from its 2021 Census of Agriculture, […] Read more
(Photo courtesy Canada Beef Inc.)
General, Markets, Weather

AgriStability enrolment deadline extended for 2022

Two-month extension in place for fourth year in a row

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The deadline for Canadian farmers to enroll in AgriStability has been extended for two months — making 2022 the fourth year in a row with a enrolment deadline bump for the farm income stabilization program. The enrolment deadline without penalty for the 2022 program year was previously scheduled for this Saturday, April 30, but is […] Read more
Flush farmers have a reputation for reinvesting in their operations, which has a positive impact on the economy. (Luca Piccini Basile/iStock/Getty Images)
General, Machinery, Markets

StatsCan shows 2020 farm income up significantly

Farm cash receipts were up more than expenses

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Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion, […] Read more
Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)
Crops, Reuters

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

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Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more
Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)
Crops, Reuters

Canopy Growth to move U.S. listing to Nasdaq

Canadian cannabis company minding expenses

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Reuters — Canadian pot producer Canopy Growth said on Tuesday it would move its U.S. stock listing to the Nasdaq, following rival Aphria in favouring the exchange’s “cost-effectiveness.” Canopy’s U.S. shares, currently listed on the New York Stock Exchange, rose over four per cent in extended trading. Years of high expenses and a lack of […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Hogs, Livestock, Reuters

JBS to resume U.S. share listing plan after COVID-19 fallout

Management looking also for US$100 million in cost cuts

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Sao Paulo | Reuters — Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the COVID-19 pandemic’s fallout, CEO Gilberto Tomazoni said on Friday, as the world’s largest meatpacker reported strong quarterly results. Speaking on a conference call with analysts following the company’s second-quarter results, Tomazoni said the focus […] Read more
Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)
General, Markets

Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

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A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent […] Read more
(CanopyGrowth.com)
Crops, Reuters

Pot firm Canopy’s loss widens as spending surges

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Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend […] Read more
(Dave Bedard photo)
Crops, Reuters

Monsanto surprises with adjusted profit as expenses drop

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Reuters — U.S. seeds and agrochemicals company Monsanto, which agreed last month to be bought by Germany’s Bayer for US$66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn seed volumes. Monsanto agreed in September to a sweetened $128-per-share offer from Bayer that, if approved by regulators, would create […] Read more

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