Category: Farm Management

Don’t Manage (Equipment) Trades like the Calgary Flames

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 »

Ask FarmLink: Canola Hedging — Why and When

Farmers do an amazing job of keeping current on the latest agronomy findings, and many are keen to work on new and improved practices each year. But not everyone loves biology — some prefer the business side of farming and enjoy the time spent analyzing markets and setting up a hedging strategy. Each crop type… Read more »

RentThisLand.com Connects Farm Land Owners and Possible Renters

There is definitely a market for connecting farm renters and land owners.  Retiring farmers are tending to hold onto the land asset  and cash rent it to other farmers.  Another trend is that farm renters are willing to farm across greater distances and not just from neighbors that they have known for 30 years.  All of this… Read more »

Don’t Forget to Claim your Tax Credits

The Western Grains Research Foundation is reminding farmers that the federal government annually provides a Scientific Research and Experimental Development (SR&ED) tax credit to producers offering them a tax credit on their check-off investments. The tax credit percentage for producers who contributed to the Wheat and Barley Check-off, administered by the Western Grains Research Foundation… Read more »

Beware the Rising Input Costs

I’m not a big markets person. I know, I know, it’s agriculture, how could I not be into markets? I have a basic understanding of charts and outlooks, of course, but by my heart is in the soil, plants and animals — the futures market is rather Greek to me. Still, it’s difficult to attend… Read more »

Three Steps to Rolling out a Succession Plan

“Farm succession is a journey, not an event.” That’s the key message farm succession expert Len Davies has for farm families in the final episode of Agricultural Management Institute’s (AMI) new five-part video series. In the earlier episodes, four farm families shared their personal insights on what made their farm succession plans work. In the final episode,… Read more »

CCGA Accepting Early Applications for Pre-Harvest Cash Advance

As of Monday, March 4, 2013, the Canadian Canola Growers Association (CCGA) is accepting cash advance applications for the 2013-14 Advanced Payments Program (APP). “This is the third year that we have accepted applications ahead of the April 1st program start date,” says Rick White, General Manager of CCGA.  “By doing so, we provide farmers… Read more »

No More Food Fights — Straight Talk about Food with Michele Payn-Knoper

Michele Payn-Knoper, agvocate, farmer and author, recently launched a book aimed at connecting consumers and farmers, in hopes of bringing some civility to the farming and food conversations happening today. The book is called “No More Food Fights,” and is written in two halves, with a bridging chapter to connect the two. One half of… Read more »

Avoiding Succession Planning Leads to Pitfalls

“Farm succession can get heated,” says Thamesville, Ont., farmer Dennis Jack. “But you have to get on with life and deal with it or you will destroy your own life worrying about.” In this episode of the Agricultural Management Institute’s (AMI) new farm succession video series, Jack talks about his family’s succession struggles and how reaching… Read more »

What’s Your Definition of the Perfect Farm?

Is there such thing as a perfect farm? If so, what does it look like? Is it a fixed size? Is it highly specialized, or incredibly diverse? The perfect farm is a concept that Gary Martens, instructor with the department of plant science at the University of Manitoba, brought up to me some time ago… Read more »

Securing a Land Base with a Farmer Resume

Being your own boss, as farmers are, should mean you don’t ever have to write up a witty resume, right? Well, maybe not. In the quest to secure a land base from the ever-increasing number of non-farming landlords, farmers now and in the future are going to have to get creative in how they approach… Read more »

Are you a Farm CEO?

No doubt many farmers, if asked, would tell you that it’s the lifestyle that drew them to farming. That group would also tell you that you have to work hard in order to keep that lifestyle. That means treating your farm like any other business which means long hours away from the family at times,… Read more »

Retirement Planning is About More Than Farm Assets

Many farmers consider the farm to be their retirement nest egg. Of course the farm will play a significant role in funding retirement, but relying solely on farm assets can create challenges when it comes to farm succession. “You can run into trouble if you put all your eggs in one basket,” says farm succession… Read more »

This Isn’t the Early ’80s —Don’t Panic Over High Land Prices

High land prices got you down? Does $3,000 an acre just seem to darn high? Well there’s no doubt that land prices have climbed significantly in recent years, a little history lesson teaches us that when combined with very low interest rates and high commodity prices land is not priced outlandishly. Alberta Agriculture’s Merle Good… Read more »

The Secret to Farm Succession Planning: Start Now

When should you start succession planning? The earlier the better, says farm succession expert Len Davies. In the second episode of the Agricultural Management Institute’s (AMI) new farm succession video series, Davies takes us to the Veenstra family farm near Port Colborne, Ontario. Here we meet Andy Veenstra who shares succession tips and strategies he used… Read more »