Category: Farm Management

Wheat School- 7 Steps to Analyzing the Wheat Market – John DePutter

For a lot of farmers marketing wheat can be a lot like playing “Let’s Make a Deal”. You pick what’s behind door number one and hope it’s better than what’s behind doors two and three. It’s guesswork and a lot of luck. For other farmers, it feels like you’re preparing to write a thesis, with… Read more »

Ontario Land Rental Rates Are Rising to Record Highs

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 »

Farm Financial Planning Shouldn’t Be Avoided – Mike Whitlock

Farmers are great at growing crops and raising livestock but I don’t know many that really like to crunch the numbers.  I feel that farmers are naturally entrepreneurial and tend to keep the farm financial plan in their head.  For many farmers this works but it can result in some surprises from time to time…. Read more »

Producers Are Looking for Growth in 2011 – Denton McGregor, FCC.

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 an Effective Farm Business Strategy – Jeff Orchard, MNP

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 »

Matt Hasselbeck Knows His Role and Job description, Do You Know Yours?

By Dick Haney I just finished watching the wild card NFL game between the defending Champion New Orleans Saints and the Seattle Seahawks. The game was played in Seattle and the Seahawks were 11-point underdogs. In short, they just weren’t supposed to win, but they did. The turning point of the game was in the… Read more »

The Concept of Loyalty and How It Relates to Business

By Dick Haney As we started out the New Year, there were at least in my family the obligatory college football games to be viewed on January 1st. These games are part sport, part pageant and in many instances the most visual expression of loyalty that we will probably see all year. The stands are… Read more »

What Tommy and Fritz Can Teach Farm Families About Christmas

The Succession Saga – Part Four By Dick Haney, Haney Farms We heard this weekend how yet another of our brave soldiers in Afghanistan had perished in the line of duty. This is never happy news and it is most unhappy at Christmas time and all of our thoughts and prayers go out to this… Read more »

The Prince Charles Syndrome €“ What Constitutional Monarchies and Family Business Have in Common

The Succession Saga €“ Part Two By Dick Haney The Prince Charles Syndrome is an affliction that affects not only Royal Families, but potentially your family business as well. The House of Windsor (The ruling English Monarchy) is arguably one of the most successful family businesses on the planet. Although the House of Windsor has… Read more »

The Farm Succession Saga: Part One

By Dick Haney Succession, or as some call it- Sucksession, the silent killer of small business, is potentially the Ebola disease of family business longevity. I am going to approach this topic from a different number of directions over the course of a number of weeks. This topic will be analyzed and dissected from the… Read more »

Agriculture Bankers Need to Go “Old School” To Be Successful

By Shaun Haney There was a time when your banker was your friend, your confident and your advisor.  This was especially true in agriculture where farmers had a very close relationship with the man that was lending them the money.  Your banker lived in the community, he knew your business, he analyzed it, and gave… Read more »