Tag: AMI

Niche-Market Grains Take Top 3 Spots of “Most Profitable Acre” Challenge

Kurtis Peeters, an organic corn grower from Kawartha Lakes has been named as the winner of the “Most Profitable Acre Challenge,” a competition put on by the Agri-food Management Institute and presented in partnership with Grain Farmers of Ontario. The business skills competition looks at input costs, production practices, yield, marketing tactics, and business management… Read more »

Should You Buy That Land? Management Course Helps You Decide

Last winter, Wyoming, Ontario, farmer Alfred Noorloos had a big decision to make. A neighbouring farm came up for sale and he wondered whether he should buy it. The beef and cash crop farmer was looking to expand, but was the timing right? Was his operation financially strong enough to justify the expansion? There were… Read more »

Three Steps to Rolling out a Succession Plan

“Farm succession is a journey, not an event.” That’s the key message farm succession expert Len Davies has for farm families in the final episode of Agricultural Management Institute’s (AMI) new five-part video series. In the earlier episodes, four farm families shared their personal insights on what made their farm succession plans work. In the final episode,… Read more »

Retirement Planning is About More Than Farm Assets

Many farmers consider the farm to be their retirement nest egg. Of course the farm will play a significant role in funding retirement, but relying solely on farm assets can create challenges when it comes to farm succession. “You can run into trouble if you put all your eggs in one basket,” says farm succession… Read more »

Around the Kitchen Table: AMI Rolls Out Video Series on Succession Planning

What are the key steps that farm families need to consider when developing a farm succession plan? It’s a looming question for many farm families right now. To help in the process, the Agricultural Management Institute (AMI)  has produced a new farm succession video series, viewed from the kitchen tables of Ontario farm families as… Read more »

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 »