Category: AgExConf

The Great Debate redux

For as long as we have a supply management system, there will be debates about whether or not we should keep it. The line between for and against is predictable: dairy, egg, chicken, and turkey farmers and those with collective-leaning politics want to keep it, non-supply-managed farmers and free-market thinkers want it gone. Or so… Read more »

Building an agile and resilient farm business — AgEx ’17

Resilience is defined as the capacity to recover quickly from difficulties. Agility refers to an ability to move quickly and easily. In a farm business, resilience and agility go hand-in-hand with liquidity and working capital — the ability to put up cash in a short amount of time. “Those are the kind of metrics we… Read more »

Where to begin with benchmarking your farm business — AgEx ’17 Preview

How often do you stop and take time to evaluate how well your farm business is performing? And how do you determine whether an area of the business is performing well or needing improvement? The first step in benchmarking a farm’s financial performance is to compare it to itself, to understand historical performance. From there,… Read more »

Effective Use Of Financial Tools Already At Your Fingertips — David Derwin

Borrowing at 0% interest is about as good as it gets. When only 20% of producers are using available cash advance programs, like the one administered by the Canadian Canola Growers, you have to question why more farmers are not taking advantage of effective borrowing programs. According to David Derwin, of PI Financial, only 5 to 10%… Read more »

How to Sell Commodities Directly to International Buyers

Every market needs a buyer and a seller. In the big commodities, there can be many stakeholders in between the two most important entities. What if the middlemen were removed to actually directly connect buyers and sellers around the world? This is the goal of Agriprocity, founded by Nicole Rogers and based in Dubai. The… Read more »

Diversity of Producers Enables Unique Learning Experience at Ag Excellence – Heather Watson

Another Ag Excellence conference is in the books.  It was actually the first one that I have ever attended and it was a great time.  One of the unique aspects of the conference is that there is such a wide swath of producers in terms of the Canadian geography but also genre of production.  From… Read more »

Buying Land? You Need a Plan — An Agricultural Excellence Conference Preview

For farmers, buying land can be the biggest business decision you make. It’s also a tremendously emotional decision that many famers make without fully considering all the ramifications, explains Alberta Agriculture farm financial specialist Rick Dehod. “Is it a need or a want?” asks Dehod, who says many times buying land is what farmers want,… Read more »

Farming is a Changed Game — Terry Betker on Measuring Your Farm’s Success

What’s your farm’s liquidity? If you know, do you think it’s enough? Could you be missing out on opportunities because of a lack of liquidity? Access to working capital, or liquidity, is just one measure of a farm’s business that can be an indicator of how competitive a farm can be, says Terry Betker, president and… Read more »