GFM Network News

Field mapping with agronomic data and yield data will help you make better cropping decisions for the coming year.

Taking farm management to the next level – Part 1

For better results: know your own decision-making style and risk tolerance level

Every year is a learning year in the agriculture sector. The trick is to take the lessons learned and turn them into actions. Your success may be production-based, profit-based, financial, or managerial — as in improving the way you monitor your farm’s performance. Or, your success may be becoming a more sustainable and safe business. […] Read more

Hedging the Canadian dollar

Hedging the Canadian dollar

Hedging currency is another risk management tool for the farm

David Derwin, commodity portfolio manager with PI Financial, has been working with some of his farm clients for many years on currency hedging strategies as a risk management tool. Recently, he has helped bring these strategies into a package called the Currency Ag Strategic Hedging (CASH) program. This program helps protect farmers from a rising […] Read more

It's a good practice to review your farm operation at least on an annual basis.

Is farming risky business?

Take time in the new year to identify and manage all of the risks on your farm

What is risk? In its simplest form, risk is defined as the uncertainty of an outcome with potentially undesirable results. What is risk management? identifying, evaluating and understanding your risks; understanding your risk tolerance; and, mitigating possible negative impacts and benefitting from potential rewards in taking calculated risks. I recently became a member of Farm […] Read more

Fear is easier to market than facts

Fear is easier to market than facts

Despite the potential stability of a well-structured portfolio, stock-phobia abounds

A phobia is defined as an extreme or irrational fear. I Googled phobias. There is a fear of money officially called chrematophobia, but no official fear of stocks so I will just refer to it as stock-phobia. Why are so many individuals afraid to invest in stocks when they represent one of the best wealth […] Read more

Guarding Wealth: Long-term investing is a sure thing

There are short-term risks, but inflation and survivor bias make long-term bets winners

Let’s have a heart to heart talk about the fundamentals of investing on the farm and off the farm and, for that matter, investing in education for a career or a used car. Every investment has character, whether it’s a tech stock and you have to bet on a new trend or product on the […] Read more