Farmers have a lot riding on agriculture. Investing in public companies that ride the same wave as your farm may not be the best approach.

How do agricultural companies measure up as investments?

Do they make too much money on the backs of hard-working farmers?

A couple of months ago, I penned the article, “Profit is not a four-letter word,” after which I intended to immediately delve into agricultural companies’ investment merits. However, I was diverted to oil company investments after a quote from the director general of the United Nations so perfectly illustrated my points in the “profits” article. […] Read more

Commodities are notoriously volatile, which makes them tricky investments.

Why invest in energy?

Will “reversion to the mean” occur this time?

My last article had me questioning my sanity for investing in energy companies. The last decade has been brutal, and the political environment is brutal. Before delving into the questions, I would like to comment on a common narrative — that the invasion of Ukraine caused a European energy crisis. The narrative is highlighted by […] Read more


Central bankers who initially called spiking inflation transitory are now somewhat in a panic.

The economy, GDP, inflation, interest rates, recessions and bear markets

These items are interrelated but perhaps not as directly correlated as perceived

The current U.S. bear market is brought to you by an unwinding of speculative excess, increasing inflation driving interest rates, Putin’s war in Ukraine and fears of a recession. A recession is defined as two quarters of negative growth. First quarter U.S. growth was negative and if the second quarter comes in negative it will […] Read more

Get your farm finances on track to reduce stress

Get your farm finances on track to reduce stress

Tips to help get you out of financial trouble and improve your mental health

Mental health among farm families is much written and talked about in the media these days — and rightly so. Over the last couple of years, western Canadian farmers have been hit by record-setting droughts and other hardships while they cope with the lingering effects of the pandemic. In Alberta, there was an excess of […] Read more


Outside of speculative fervor, numbers count

Outside of speculative fervor, numbers count

How tech giants Amazon and Shopify stack up against Linamar

This is the third installment of my series on comparative company analysis. For this column, I’m looking at two “hot” tech companies, Amazon (AMZN) and Shopify (SHOP) and contrasting them with an old school Canadian industrial company Linamar (LNR), which has an agricultural connection through the ownership of MacDon. My analysis was done in late […] Read more

We all have character traits that will help us perform well and those that will hurt us. We need to take advantage of the helpful ones and manage the hurtful ones.

Four market success factors, Part 2

Portfolio construction and how you manage yourself

While individual stock selection gets most of the airtime, organizing those stocks into a high performance, resilient portfolio is equally important. This aspect is referred to as diversification, but it is bigger than that. Some may think owning a number of companies in a couple different sectors qualifies as diversification. However, the market tends to […] Read more


There are very few economic circumstances the market hasn’t seen, and as the saying goes, the four most dangerous words in market lexicon are, “this time is different.”

Four market success factors

And how they affect our personal investment success

There are four key factors affecting our personal investment success — understanding market behaviour, security selection, portfolio construction and managing yourself. I will discuss two in this column and two in the next. Most discussion is around security selection, but the other factors are equally important. Understanding market behaviour The market often exhibits perplexing and […] Read more

Allocating land to the children is a matter of planning.

Parents of four adult children would like to retire

How to make fair provisions for all

A couple we’ll call Mike, 85, and Judy, 83, farm 1,200 acres in southern Manitoba not far from Brandon. Their farm has been reduced from its largest measurement, 2,500 acres. They have four sons. Two have their own farming operation of 2,000 acres each. A third son has a job off-farm. A fourth son we’ll […] Read more


The debt of the parents needs to be settled before the next generation can start charting their debt servicing and equity purchases as they learn how to manage and start to gain ownership in equipment, shares, land, or other farm assets.

Froese: Help! My parents have loads of debt we don’t want!

If your attitudes towards debt are very different from your parents, do you really want to be business partners with them?

Every front door looks beautiful” is one of my favourite Irish sayings. It came to mind in Deadwood, South Dakota, the Black Hills where I was listening to the woes of a young ranch couple. They have a strong desire to ranch as “debt free” as possible, but her parents, the owners are stuck on […] Read more

Beware the feeding frenzy — buy the numbers

IPO stands for initial public offering or it’s probably overpriced

Stocks, like other commodities, trade based on supply and demand except, unlike many commodities, both supply and demand are elastic. If there is a short canola crop more can’t be made until the following year, regardless of demand. But if there is high demand for stocks — voilà. Wall Street makes more by accepting more […] Read more