Renting land is a business approach that offers financial flexibility because the financial cost of renting is often lower than buying. Renting may be a great option, especially for young farmers or new entrants, to maximize equipment use, expand their land base, and grow their operation. Buying land can tie up your available capital and… Read More
Category: FCC
Technology should make tasks easier, faster or more secure — and options for managing farm information and data should do the same. In this interview, RealAg Radio host Shaun Haney and April Popadynec, Product Specialist with FCC AgExpert, explore the value of digitizing farm information, records, and data. As Popadynec explains, having digital, shareable information means a… Read More
You can’t manage what you can’t measure, but measuring — whether it be yield, ratios, or cash on hand — requires record-keeping. Moving to an online or Cloud-based data platform can leave some farmers feeling a little anxious about the security of the information they enter and save electronically. “Farmers are busy, they’ve got a… Read More
Agriculture is full of unpredictable events — weather, markets, even a pandemic. How can a planning tool be useful when there are so many factors outside of farmers’ control? Chris Vanthuyne, a senior product owner with AgExpert at Farm Credit Canada, says that even when there’s uncertainty, key farming decisions still have to happen in… Read More
As farming gets more complex and farms get larger, the recording and reporting requirements expected from Canadian farmers grows, too. Pen and paper record-keeping methods — although they’ve been successful for farmers in the past — are going to need the same updates and advancements that combines, tractors, and agriculture technology have enjoyed. How can… Read More
The road that runs along the St. Lawrence River’s north shore from Montreal to Quebec City is known as the Chemin du Roy (King’s Road). Built during the French regime, it was the colony’s very first road. In 1667, shortly before marrying a fille du roy (king’s daughter) named Élizabeth Crêtel, Nicolas Langlois acquired land… Read More
Three transition experts share their advice on the best way for the next generation to start the farm transition conversation. Show them you mean business Since any successful inter-generational transition must become a business transaction, I’ve found that young people who begin with a business approach tend to be taken more seriously. What’s this look… Read More
Despite armies of well-meaning accountants, bankers and consultants urging them to do so, many Canadian farm families don’t have a plan in place to transfer ownership between generations. It could be the word succession that’s getting in the way. This can imply an abrupt change, when the older generation is booted out to pasture and… Read More
Kent Barritt loves his family, his farm, and the Canadian agriculture industry. Watch his family’s video and see why their fourth-generation beef operation means the world to him. “It’s a dream for me. And dreams don’t happen being lucky. They happen with a lot of passion, a lot of hard work and a lot of… Read More