Category: Farm Management

Farm Business E-Team Ep 2 – Road Map – Planning for the Year Ahead

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 »

Farm Business E-Team Ep 1 – Post Mortem: A Review of Last Year’s Business

Farming is a unique business. It involves every aspect of business you can imagine from shovelling to marketing. It’s that diversity that can make successful farming a challenge. Many farmers may be good at one or two aspects of the buiness but not so good at the others. This can have devastating consequences if you’re trying… Read more »

Change a Necessity When it Comes to Farming Smarter

There are some elements of farming that will always be the same, but to move ahead and grow as a farm, it’s the changes that need to be kept up with. Whether it’s technology that keeps evolving every year or the ever changing dynamic of the consumer market, change isn’t just good when it comes… Read more »

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 »