When a heifer calves, she’s hopefully worth at least as much as when she was a bred heifer — and probably retains that value for at least a couple of years.

Flipping cow depreciation on its head

Costs of Production: Open cows have a huge effect — especially when they are two-year-olds

I am keenly interested in cow depreciation and in fact have written about it in past Grainews columns. It is one of the largest direct expenses on a cow-calf operation — usually only behind feed — and it is worth touching on again in the wake of current record-high prices. First as a reminder, Figure […] Read more

us politicians photo illustration

The cycles within economic cycles

Investing for Fun and Profit: The economic cycle, presidential cycle and stock market cycle are separate entities that interact

The S&P 500 — the market I’ll be referencing throughout this article — has been on a tear the past couple of years, leading many to wonder if the hot bull market can continue. It was up 26.3 per cent in 2023 and at time of writing is up about 23 per cent year-to-date. Let’s […] Read more


outdoor lighting

How we choose highly profitable companies at reasonable valuations

Investing for Fun & Profit: It's both an art and a science -- but mostly science

In previous articles I’ve frequently mentioned the importance of selecting highly profitable companies at reasonable valuations. I’d like to illustrate with a real-life example of a switch I made in our tax-free savings accounts (TFSAs) at the start of the year. Our TFSA performance has lagged recently even though since inception they are still running […] Read more

aerial photo of irregularly shaped manitoba cropland

Bless your mess: Crops may not be best for underperforming acres

Taking poorer-producing ‘messy’ landscapes out of crops may improve fields’ economics and farms’ sustainability

UPDATED, March 7 — It might be difficult to consider “messy” fields as a pathway to improved crop production and profitability. But in the early going, a Prairie-wide university-developed research project suggests taking poor-producing acres out of annual crop production might be a means of improving overall efficiency, as well as the all-important bottom line. […] Read more


It makes sense to place positivity and profit above production values on ranches.

Rethinking ranch priorities

Positivity and profit can be more important priorities than production

The beginning of a New Year marks a good time to work on planning for the year ahead. I believe we should be planning for “Profitivity” on our farms and ranches. Profitivity is a combination of profitability, productivity and positivity. For an operation to thrive, these three things are important to get right. Profit and […] Read more

black calf on pasture

Time to buy some cows?

Cattle right now are more profitable than crops, this farm management expert says

Glacier FarmMedia — When all costs are factored into the equation, raising cattle should be more profitable than growing crops in 2024 — and in some cases, much more so. “Right now, I can tell you that the returns per acre are higher than any of the crops,” said Ben Hamm, a farm management specialist […] Read more


It is important to crunch the numbers to determine if backgrounding pays. This may not be the year.

Economics of backgrounding didn’t pencil out

With high feed costs, this example of adding 300 pounds over winter was a losing proposition

Years ago, I took one of my first beef marketing courses from a professor who wore a clean white lab coat to class. There was nothing wrong with that, but his previous class was a red meat-cutting class. One of the first thing he taught us is how to determine background-feeding profit. If its expenses […] Read more

A CNH Industrial building in Turin, Italy. Photo: Reuters/ Massimo Pinca/File

CNH raises revenue guidance on robust tractor demand

Price increases support profit margins

Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. The company increased its revenue outlook for industrial activities to between eight and 11 per […] Read more


(Canyonos/iStock/Getty Images)

Olymel to exit lard business, shut plant

Packer's St. Hyacinthe facility to permanently close

Pork and poultry packer Olymel is set to close the further processing plant it operates in its home town in Quebec as it exits the lard production business. The company, an arm of ag co-operative Sollio, announced Thursday it will close its St. Jacques Street plant at St. Hyacinthe, Que. effective Feb. 10, affecting 107 […] Read more

Profit is not a four-letter word

Profit is not a four-letter word

Investing directly in stocks helps participants learn about the economy and business, allowing everyone who chooses to benefit from corporate profitability

There are few words as vilified as the word “profit.” The word “oil” is probably on equal vilification footing, making “profitable oil company,” vilified squared (V² for mathematicians). Given the societal hatred for profits, why are those societies with the strongest profit incentives also those with the highest standards of living? The role of “profit” […] Read more