When different generations work together in the farm business, conflict can arise over responsibility, ownership, succession, and day-to-day operations of the farm. Justin Funk, managing partner of AgriStudies, has done extensive research on what makes intergenerational farms unique in how they operate. In this Mind Your Farm Business podcast, Funk shares how differences in doing… Read More

What a particular cost or investment adds to the business should be easy to assess and measure, but in reality calculating return on investment (ROI) can be inconsistent and difficult. As David Widmar, of Agriculture Economic Insights explains, ROI should be a simple calculation, but it’s not a perfect measure of performance as there are so… Read More

If your farm is not one that holds regular meetings, this is your encouragement to start small… but start. That’s because research shows that business that hold regular meetings are more profitable than those that do not. We’re not talking about a morning tailgate chat on what’s ahead — that’s an operational meeting to start the… 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