In the past, farms looking to grow simply bought more land, but that’s not as easy as it used to be. Rising land prices are forcing producers to be creative in finding opportunities for growth, which in some cases leads to joint ventures, mergers and acquisitions — the topic of this episode of the Mind Your Farm Business podcast. “The… Read more »
Tag: MNP
MYFB — Ep. 8: Accrual Accounting as a Tool for Measuring Profitability
What comes to mind when you hear the term “accrual accounting?” Perhaps you flashback to filing your taxes last year when your accountant suggested switching to accrual accounting, but you’re weren’t sure what it meant and why it would be worth the hassle. Maybe your mind immediately goes elsewhere — what’s for supper tonight? Well, as dry as it may sound,… Read more »
RealLeaders Ep 3 — Daryl Ritchie of MNP on Growing the Farm Business
Those who haven’t thought about or planned their business succession will have someone who has planned theirs take over their farm or business. It’s that simple. That’s according to Daryl Ritchie, chairman and CEO of MNP LLC, in this episode of the RealLeaders series. What’s more, Ritchie says that too often businesses and farms focus… Read more »
Creating an Effective Farm Business Strategy – Jeff Orchard, MNP
Creating a business plan and making sure you execute the plan is a very big challenge for farmers. In fact it is a great challenge for all business owners. Agriculture can even be tougher because of the underlying industry foundation of the “agricultural lifestyle.” Added on top of this is the increased amount of un-controllables… Read more »