Decision making is one of the most critical parts of any business operation. Often, the big or higher risk decisions are made by those in the most senior positions — the ones that have been around the longest. In a farm operation that is planning for or in the process of succession, determining who makes… Read More

Farm Management Canada, (FMC) along with Farm Credit Canada (FCC), MNP, and the Canadian government, are announcing the debut of farmtransitionguide.ca. The brand-new bilingual web portal connects farm owners and hopeful farm owners to the tools, experts, and resources they need to develop and implement all stages of their farm transition plans. The website will… Read More

If you surround yourself with great people, you’ll do amazing things; and ultimately, an advisory group should take some of the stress out of making the right decisions when running a farm business. If anyone knows the value of incorporating an advisory group into their business, it’s Terry Aberhart. He farms 16,000 acres near Langenburg,… Read More

Conference season is upon us, and joining the virtual ranks of meetings is Farm Management Canada’s (FMC) Ag Excellence conference. The virtual space can provide a lot more opportunity both to virtual speakers, and to people who otherwise can’t physically make it. Joining RealAgriculture’s Bernard Tobin to discuss the core concepts of the event is… Read More

Farming with family can be a tricky situation, and being able to make sound business decisions is such an important part of it. How do you decide on management decisions, equipment purchases, crop inputs, and the like? A key strategy to tackle decision making and delegating accordingly is to have regular farm meetings for everything… Read More

Family farms that hold regular business meetings are 21 per cent more profitable than those who don’t. That may be, but the mere mention of “meeting” likely makes you roll your eyes or maybe grumble in disapproval. Family meetings might bring up some not-so-pleasant memories, but Elaine Froese, farm family coach, says it doesn’t have… Read More

COVID-19 has been an unprecedented situation. People throughout all sectors are going through a lot with their businesses, and it has shed new light on the word “risk” and risk management. When farmers are doing their strategic risk analysis for the year, and they get to the threat portion, a global pandemic wasn’t exactly something… Read More

Transition planning is multi-faceted. There’s the business, the land, and the emotions to deal with; and figuring it out is contingent on the owners’ willingness to start a hard conversation. For farm businesses, often rooted in a family ownership, this means the parents must first have the initial discussion says Merle Good of GRS Consulting,… Read More

Are you farming year-to-year, or looking five, 10, or even 20 years out? Edgar Hammermeister, with Western Ag Professional Agronomy, says that solid, long-term crop planning is one key piece of the long-term viability puzzle of any farm, but one that often gets dropped when short-term economics or challenges arise. For Hammermeister, long-term crop planning… Read More

 

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