It wasn’t that many years ago that corn and soybean growers were riding the wave of $7 corn, high land rent, and applying all the groceries to every acre. In 2016, that wave of optimism has disappeared as suggested in the DTN / Progressive Farmer Ag Producer Confidence Index (ACI) results. The recent survey produced a… Read More

For 32 years, Rob Hall worked in agricultural banking in Ontario – sometimes at the very top of the food chain, and always on the management side of the desk. Now, he’s switched sides. He’s on the farmer’s side. And he’s eager to talk in plain language. In February, Hall launched BankSpeak, a business finance… Read More

What do you want to improve on your farm this spring? As part of TechTour LIVE last month, Rob Hannam of Synthesis Agri-Food Network encouraged farmers to apply “lean” principles to their farm operations. As he explains in the video below, “lean” is a philosophy for reducing loss and waste from a process. There are… Read More

In what areas does your farm business excel? What are you poor at? And how can you respond to make improvements? Self-assessment and continuous improvement are what separates high-performance farms from the average. Rob Hannam, President and Client Director of Synthesis Agri-Food Network, joins us for episode 14 of the Mind Your Farm Business podcast… Read More

What management practices and behaviours make farmers more financially successful? A report commissioned by the Agri-Food Management Institute and Farm Management Canada attempts to answer this question. “With the Dollars and Sense study we’re trying to determine what makes a leading farmer. How do they end up in the top 25% of farmers versus the… Read More

Forget the silver bullet, whether it’s some nonexistent piece of machinery or the latest snake oil crop input. In reality, the key to boosting a farm’s bottom line is incremental improvements that add up. Kristjan Hebert (@kristjanhebert) is a farmer from Fairlight, Saskatchewan and a proponent of the “five percent rule” — a philosophy advanced by Danny Klinefelter of Texas A&M that stresses… Read More

There’s a balance that must be struck in any farm succession plan. Mom and dad (the retiring generation) need enough money to retire and enjoy what they’ve earned, while the succeeding generation needs to start with enough to maintain a viable business. As Jacquie Gerrard of Backswath Management explains, farm succession conversations should start with figuring out… Read More