risk management Archives - Page 2 of 3

What we thought would never happen has come to pass, now what?

Questions you should ask yourself in the new reality

By Brian Wittal May 15, 2020

The sooner you can figure out how the new reality is affecting your business, the quicker you can start putting together a plan on how to manage your business in the new reality and move forward. I’ve put together some questions you should be asking yourself in this new reality, including the following: If I […] Read more

When outside influences drive world markets, there are a number of ways to price your grain for next year.

Columns, Marketing, Markets

Risk management in a chaotic world

How should you manage your price and production risk in a year when prices are unpredictable?

By Brian Wittal March 23, 2020

Impeachment trial, Israeli/Palestinian conflict, trade disputes, passenger planes being mistakenly shot down, countrywide rail blockades and a health epidemic that’s sending shock waves through world markets. How can you keep your farm from becoming a casualty of these unpredictable events? In previous articles, I’ve discussed how improving management practices can ensure your farm is running […] Read more

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

Columns

Is farming risky business?

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

By Brian Wittal February 5, 2020

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

Marie-Claude Bibeau speaks at a Montreal convention on March 7, 2019. Photo: Allan Dawson/File

General

Bibeau remains federal agriculture minister in shuffle

By GFM Network News November 20, 2019

Updated, Nov. 21— Quebec MP Marie-Claude Bibeau retains her role as federal minister of agriculture and agri-food in Wednesday’s cabinet shake-up for the Liberals’ minority government. Bibeau will join her colleagues — including returning Transport Minister Marc Garneau and new Labour Minister Filomena Tassi, a Hamilton MP and former minister for seniors — in having […] Read more

Crops, Markets, Reuters

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

By Reuters, GFM Network News June 25, 2019

Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the […] Read more

The production and inventory information required for AgriStability should be tracked regardless of your enrolment in the program.

Features, News

AgriStability enrolment deadline extended

One more chance to sign up, as farm program deadline extended to July 2, 2019

By Craig Macfie June 4, 2019

May 1, when most producers were in the field or preparing to get there, the federal government announced the 2019 AgriStability program year enrolment deadline would be extended to July 2, 2019. The extension was in response to the canola dispute with China and gives producers a second opportunity to review their financial risk management […] Read more

Crops, Markets, Reuters

Bunge moves from regional to global operating model

By GFM Network News May 9, 2019

Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more

A CRMS helps you maximize production capabilities, and make better agronomic and weather-related decisions

Columns

Building a crop risk management strategy

A crop risk management strategy is your plan to protect your farm from unexpected loss

By Brian Wittal March 4, 2019

What is a crop risk management strategy? It’s a fancy name for what do you do on your farm to protect yourself from production and/or revenue loss. What do you use as part of a CRMS? Crop insurance, AgriStability, hail insurance, Global Ag Risk Solutions (revenue protection insurance), Just Solutions (business interruption insurance), or maybe […] Read more

General, Markets

Consider hedging against rate hikes, farmers advised

By GFM Network News July 11, 2018

CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more

Trade lawyer Peter Clark has studied the level of subsidies available to U.S. dairy farmers. (John Greig photo)

Dairy Cattle, Livestock

Report pegs U.S. dairy support levels

By GFM Network News February 13, 2018

U.S. dairy farmers continue to benefit from broad agriculture supports, a study shows. Dairy Farmers of Canada has had Grey, Clark, Shih and Associates regularly study the effect of U.S. government policy on dairy farms in that country. The latest version of the project was released at the Dairy Farmers of Canada policy conference held […] 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