Category: Farm Management

5 Questions to Ask of Your Farm Business Today

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 »

Canola School: How to Participate in the Cash Advance Program

Keeping the crop in the bin during market dips but still having the bills paid is one advantage of using a cash advance program. For canola and several other crops, the cash advance is administered by the Canadian Canola Growers Association. Farmers can access $100,000 interest free, and up to another $300,000 borrowed at CIBC’s… Read more »

Advanced Farm Management Program About Taking Action On Your Farm

An idea is only good if it works. I know that statement may fall under the category of “Duh”, but when it comes to putting theory into practice on your farm, it has to be tailor made for YOUR farm and how you run it. Someone can say, “you need to cut costs”, but only… Read more »

Are Farmers Paying Too Much For Land?

Farm Credit Canada recently released its latest farmland values (for January to June, 2012). The national average increase of 8.6% semi-annually is staggering, especially considering that it follows on the heels of a 6.9% increase from the six months previous. I have to ask — if this trend of increasing farmland prices continues, what will… Read more »

Andrew Ramlo on Canada’s Demographic Shift

The face of Canada is constantly changing, however, a great deal of those changes happen so slowly they go unnoticed. But sometimes changes take place that can’t help but be felt. Any of those shifts that involve the famous or infamous “baby boomer” generation tend to be some of the more noticeable demographic shifts. That’s… Read more »

Will Farmers Ever Get Succession Planning Right? – Jolene Brown

If you were given the choice between playing the game or sitting down together to come up with the rules of the game which would you pick? Here we see the inherent problem with the family business and the dilemma of succession planning. Unfortunately, we can play the game for years before we run into… Read more »

Old MacDonald Isn’t the Only Old Farmer

Old MacDonald had a farm but apparently it is more common than expected.  Along with Old Man Smith, and Old Joe there are many seniors still farming in Canada.  With only 8.2% of the operators being younger than 35, the farmer pool over the age of 55 dwarfs its younger counterparts. Many times the lack… Read more »

Quit With the Hutterite Bashing

For some reason there has been some significant discussion on Twitter lately amongst different farmers regarding the suggested negative impact that Hutterite Colonies have on agriculture. For some its easy to pick on Hutterites. They dress differently than you and I. Hutterites live a lifestyle that is not appealing for many. Once you get past… Read more »

AMI Ep 8 – Financial Monitoring – Building a Financial Dashboard

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 »

Lee Markert: A Young Farmers Perspective on Farm Succession Planning

The best and the most valuable advice comes from people who have actually been in the situation that they’re giving advice about. So when a topic as touchy and as potentially difficult as succession comes up, you need that “first hand experience” type of advice. Lee Markert brought that advice to producers when he spoke… Read more »

AMI Episode 7 Financial Software – Finding the Right Fit For You

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 »

AMI Episode 6 – The Fundamentals of Human Resources Management on the Farm

Of all of the aspects of a business that have to be managed, human resources can be the most challenging. The needs and the dynamics involved in managing human resources are unique to every business and have to evolve as a business grows and changes.  For many farmers human resources can suck the life out of running… Read more »

FarmTech 2012 – A Unique Farm Business Structure in the UK

James S Peck owns and operates PX Farms Ltd. in Cambridge, England. The operation is close to 6000 acres and is comprised of a combination of contracted acres and his own family farm. The farm is extremely large for the U.K. and the growth it has seen since PX Farms was established in 2003 has… Read more »

AMI Episode 5 – Succession Planning: Starting the Conversation

When it comes to succession planning, one of the most difficult things to do may be just getting the conversation started. No other topic can get defences up, arouse suspicions or cause divisions like the topic of succession if it’s not handled correctly.  Having a pure business discussion with your parents or kids easily crosses the family… Read more »

AMI Episode 3 – Cost of Production (COP) – Using COP to Your Business Advantage

Have you ever been to a farm meeting and there is a speaker talking about the cost of production?  Do you ever feel like they are speaking no different than the teacher in Charlie Brown? Farming is business and businesses need to know their cost of production.  Guessing your cost per acre is just not… Read more »