Statistics Canada is reporting last year’s 45.1 per cent decrease in realized net farm income (to $3.9 billion) as the largest since 2006. Realized net income is the difference between a farmer’s cash receipts and operating expenses, minus depreciation, plus income in kind. The attribution for the steep decline includes rising feed, interest and labour… Read More

The federal government has increased the Advanced Payment Program cap from $400,000 to $1,000,0000 for all producers  in an effort to help farmers in the face of current trade issues with China. Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced several changes to the Advanced Payments Program at a press conference Wednesday morning. “Canada’s farmers… Read More

The Saskatchewan government is calling on the federal government to stick to their word when it comes to the Advanced Payment Program (APP) for farmers. On Tuesday, Premier Scott Moe wrote a letter to Prime Minister Justin Trudeau outlining a letter he sent last month and the need for changes to the APP, especially during… Read More

Some risks are out of our control, and as we know all too well, weather is a big one in the agricultural industry. However, there are some risks that are actually in our control. Consider the risks that Boeing has dealt with this week. With the crash of the Boeing 737 Max in Ethiopia, Boeing… Read More

Taking the risk out of grain storage Deciding to store grain and waiting for the markets to pick up can be a stressful decision. Farming sometimes feels like risk after risk, with nothing helping farmers work towards a really great crop and an excellent profit. Storage is one of the risks that traditional crop insurance… Read More

Revenue minus Expenses equals Profit…right? Mike Michalowicz, author and this year’s opening keynote speaker of TechTourLIVE, says putting profit last is setting yourself up for failure — because putting it last means that profit can wait, that it’s optional, that it’s less important now and more important in some distance future. But that leads to… Read More