What’s your risk management plan for your cattle business? If you don’t have one or would like to step up your understanding of price risk, managing returns and use of contracts, this free workshop may be for you. Beginning next week, Linus7, Agriculture Financial Services Corporation’s Cattle Price Insurance Program (CPIP) and RealAgriculture.com’s cattle market… Read More

A historic moment transpired last night. The Calgary Flames traded its leading scorer, captain and legendary player, Jarome Iginla, to the Pittsburgh Penguins for two marginal prospects and a late first-round draft pick in the 2013 entry. Long-time Calgary Flames fans are disappointed with the return for their greatest hero. Much of the sports media is critical… Read More

Tuesday nights are pretty important on Twitter if you’re involved in agriculture. Tuesday nights are #AgChat nights — a few hours of moderated conversation on a particular topic of interest for farmers, industry and anyone else interested in agriculture. Last night’s topic was farm business management. Farmers and aspiring farmers alike weighed in on questions… Read More

Knowing where you’re at as a business is a critically important component in making good business decisions. Building a financial dashboard gives you one of the most singularly important tools to be able to do that. A financial dashboard gives you a quick overview of the financial history of your business. It gives you a… Read More

Choosing financial software for your business is a custom fit kind of operation. There are a number of things to consider when you make that choice that are uniquely tied to your business, allowing you to expand and grow without having to switch programs. Ideally, your software should be as customizable as your business. With… Read More

Over the past couple of days, I have been reading and seeing a bunch of different articles in relation to keeping young farmers on the farm and attracting first generation farmers. My question? Why is it any different than any other entrepreneurial business. I’m sure that there are tens of thousands of people across Canada… Read More

Have you ever heard the saying, “hope is not a plan.” This is a great saying that is very applicable in agriculture. It is very critical to ensure that you are creating the proper roadmap. This should include projections on production, prices and yields. This also includes plans for capital expenditures in the coming year…. Read More

When agricultural commodity prices rise there are expected effects. Costs like fertilizer prices and machinery costs are always natural to rise in a rising commodity market. One of the costs that has not been discussed much is rising farmland rent costs. Ontario has some of the highest land rent rates in Canada for the major… Read More

In the short term the financial picture for agriculture looks very good.  Both farmers and livestock producers are very excited about the possibilities in 2011.  With profit comes bullish behaviours of expansion and growth.  In different areas of Western Canada there has been some reports of very steamy land rental rates based on the prices… Read More

Creating a business plan and making sure you execute the plan is a very big challenge for farmers. In fact it is a great challenge for all business owners. Agriculture can even be tougher because of the underlying industry foundation of the “agricultural lifestyle.”  Added on top of this is the increased amount of un-controllables… Read More

 

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