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Tag Archives farm management

Many of today’s family farms are growing — in both acres and family members.
Features

How joint ventures may help you achieve your business goals

This farm operating structure could work for farmers looking to lower costs, retiring corporate landowners or extended family farms

By
Mike Babcock, the new coach of the University of Saskatchewan Huskies men’s hockey team, has options about how to structure his team to win. The system or style the team plays is a function of the resources at the coaches’ and managers’ disposal. Financial resources along with the evaluation of personnel lead to the right […] Read more
According to Farm Management Canada’s Healthy Minds, Healthy Farms report, only one in five Canadian farmers say they regularly follow a written business plan. Those that do, however, also tend to follow other business practices that give them an advantage over the competition — and greater income.
Features

Want more success? Plan for it

Three experts outline why a business plan is important for you and your farm

By
The Canadian agriculture industry’s best farmers earn as much as 525 per cent more income than other farmers. How did they get there? Last year, at Ag in Motion Discovery Plus, three farm business experts discussed just that. The consensus? Success depends upon business planning. Farmers who invest in a business plan are better prepared […] Read more
Toban Dyck: Systems for our farm
Columns

Toban Dyck: Systems for our farm

I’m taking on the workshop, farmyard and waste management

By
Of all things to steal my attention during this current lockdown period, conceiving of and implementing on-farm systems have begun ranking quite high. You could say I’ve become infatuated with this. Since my wife and I moved into the farm house and took over the maintenance and oversight of the farmyard and all of its […] Read more
(Photo: Reuters/Chris Wattie)
General, Machinery, Markets

Telus’ farm and food sector acquisitions take new shape

Canadian telco giant launches new Telus Agriculture unit

By ,
Canadian telco and info tech giant Telus has consolidated its recent — and ongoing — acquisitions in farm tech, ag data management and supply chain management into a single new business unit. The Vancouver company, one of Canada’s “big five” telecommunications firms, on Thursday formally launched Telus Agriculture, billed as “a new business unit dedicated […] Read more
The Canadian food industry used to be split at around 70 per cent retail and 30 per cent food service and institutional. Today the split is closer to 90 and 10 per cent, respectively, says Peter Chapman.

Features, Marketing

How have the value chain and consumers changed – and will it affect your marketing plans?

Be prepared for greater volatility and disruptions to markets, spend more time on business management practices and take a wider view of consumer behaviours and the value chain

By
Most market analysts and farm advisors agree that farmers shouldn’t change their overall marketing plans over the next 12 months specifically because of the COVID-19 pandemic and its potential future effects on trade and global economies. That said, this is without doubt a year unlike any other, and to be prepared for the possibility of […] Read more
Farmers are faced with more complex challenges than ever before.
Features

How can you prepare your farm for the post-COVID future?

Three actions you can take to prepare for the new reality

By
Over the last decade, Canada’s agriculture industry has navigated changing consumer behaviours, adverse weather, globalization and trade challenges, digital innovation, and a shift in workforce demographics and labour supply. These forces of change have already been reshaping the industry and the conversations around it. In our report, Farmer 4.0: How the Coming Skills Revolution can […] Read more
(Jevtic/iStock/Getty Images)
General, Markets

Report links business management, mental health of farmers

Farm women, young farmers report higher levels of stress, difficulties coping

By
Ottawa — A new report from Farm Management Canada (FMC) calls for action after determining 75 per cent of Canadian farmers reported being moderately to highly stressed about unpredictable interference, workload pressure and financial pressures. But how a farmer plans his or her business — and associated risks — can help lower that statistic. The […] Read more
Farm Financial Planner: Use farm corporations for shifting generational ownership
Columns

Farm Financial Planner: Use farm corporations for shifting generational ownership

Land and machinery ownership changes are easier through corporate shells

By
The world economy, and Canada’s part in it, turns out to be vulnerable to COVID-19, a microscopic particle wrecking industries, supply chains, and, in particular, the financial health of many farming families. The causes of distress range from loan payments due for farm equipment and real estate, which lenders may postpone — depending on the […] Read more
(CervusEquipment.com)
Crops, Machinery

Cervus to expand Saskatchewan reach

Deere chain announces Nipawin shop, Farm At Hand tie-in

By ,
Deere farm equipment dealer chain Cervus Equipment is set to expand its reach in northeastern Saskatchewan next month. Calgary-based Cervus — which operates 21 Deere dealerships in Alberta, Saskatchewan and British Columbia along with 42 other machinery dealerships in Canada, Australia and New Zealand — announced Thursday it plans to have a new dealership open […] Read more
Seven strategies of successful farms
Columns

Seven strategies of successful farms

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

By
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

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