Financial Planning Archives - Page 4 of 5

The high cost of buying stocks and bonds in a boom market

With financial prices rising, prudent investors need to be cautious in the marketplace

By Andrew Allentuck October 16, 2014

It is a paradox of off-farm investing that, as the U.S. economy strengthens and the Canadian economy gains speed, albeit sluggishly, buying stocks and bonds is getting to be harder, not easier. The reasons are, of course, that many other investors have already made their bets, bought the stocks they expect to rise, put money […] Read more

Columns, Farm Life

Young Manitoba farmers plan their lives

By planning early and including an off-farm pension,  this young couple will have a secure retirement

By Andrew Allentuck July 15, 2014

A couple we’ll call Roger and Martha, both 29, farm in southern Manitoba. They have combined income of $160,000 a year based on Martha’s town job, which pays $90,000 a year, and Roger’s work on his family farm and his own part-time farm operation for which he draws $70,000 a year. Life is good for […] 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

Farm Life

Life’s secrets, according to you…

People of the world, tell me this — what’s the best financial advice you’ve ever received? Part One 

By Janita Van De Velde February 21, 2014

I’ll never forget the day my dad sat me down when I was 16 years old… I was desperate to buy a car, and equally desperate to spend every last dime I had saved to purchase it. To me, the math was remarkably simple: more money = nicer vehicle = cool cat. According to my […] Read more

Columns

Keep the farm going

For a multi-generational family farm, it’s continuity rather  than profit that’s the guiding principle for succession

By Andrew Allentuck February 3, 2014

Jack and Martha, as we’ll call them, farm 1,760 acres in central Manitoba. At the ages of 67 and 62, they are thinking of handing over the reins of their operation to their son, Bob, who is 30 and already active in running the farm. Bob will be the fourth generation of his family to […] Read more

Columns

Selling the farm

By Andrew Allentuck March 5, 2012

A couple we’ll call Jack (55) and Susie (60) have farmed in western Manitoba for most of their lives. They have 640 acres in their own names and farm 2,360 acres their parents owned or that they have rented. When Jack’s father died 10 years ago, the farm was in jeopardy. Dad had not updated his will for 20 years. The document was basic. His wife would receive everything and […] Read more

News

Retired Farmers Can Simplify Financial Strategy

March 22, 2010

Long time readers of Grainews know that I developed the Fivelegged stool financial strategy around 1993. It has five parts and I’ve written about them so often I won’t do it now. I do have an essay on the five-legged stool and I think this strategy is important enough that I will send it to […] Read more

News

Are you facing a cash crunch heading into spring seeding? Here are some tips to help you estimate out how much you need and where to find it

By Andrew Deruyck March 23, 2009

Al Worknoplay is a mid-sized grain farmer who has suddenly realized he is short of cash. He knows bills are coming in the mail and some are already sitting on the kitchen table. His operating line is near its limit, even though much of what he owes is for the inputs he bought in December […] Read more

News

Here are some simple strategies to help grain and livestock producers trim costs. Little costs add up. Combining a few of these could make a big difference

By Karen Cartwright March 23, 2009

We have all heard that a penny saved is a penny earned, but in today’s farming climate of ever-fluctuating input costs and grain and livestock prices, pennies are hard to earn and save. Here are some strategies to deal with higher farming costs for both grain and livestock farmers. STRATEGIES FOR GRAIN FARMERS 1. Consider […] Read more

News

If you need money to fund a business expansion, include your account manager in the planning process. Your chance of approval is better that way

By Robin Christian Blythe March 23, 2009

Your account manager wants repayment to be as easy as possible for you. Let them know when would be the best time for your cash flow, and the account manager can make that happen. Here’s a common scenario: A farm couple uses their accountant and lawyer as resources when making decisions to expand the business. […] Read more

U.S. livestock: Live cattle drop as beef prices, packer margins erode

CBOT Weekly: Soybean, wheat futures come down

Masterfeeds to enter new ADM/Alltech feed joint venture

GFM Network News

U.S. livestock: Live cattle drop as beef prices, packer margins erode

CBOT Weekly: Soybean, wheat futures come down

Masterfeeds to enter new ADM/Alltech feed joint venture

Tag Archives Financial Planning

The high cost of buying stocks and bonds in a boom market

Young Manitoba farmers plan their lives

Estimating costs of production

Life’s secrets, according to you…

Keep the farm going

Selling the farm

Retired Farmers Can Simplify Financial Strategy

Are you facing a cash crunch heading into spring seeding? Here are some tips to help you estimate out how much you need and where to find it

Here are some simple strategies to help grain and livestock producers trim costs. Little costs add up. Combining a few of these could make a big difference

If you need money to fund a business expansion, include your account manager in the planning process. Your chance of approval is better that way

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