Category: Farm Business E-Team

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 »

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 »

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 »

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 »