Reading Time: 9 minutes Options, futures or forward contracts? Two farmers search for sustainable income Dennis Pashovitz calls it his ’67 Cougar moment. It was the late 1990s and the grain farmer at Arelee, an hour west of Saskatoon, needed cash to open a trading account. The only way to learn about marketing, he was convinced, was to play […] Read more
Taking on the market
Options, futures or forward contracts? Two farmers search for sustainable income
Who controls the purse strings on your farm?
By the time the parents hit their mid-60s, financial decision-making should be in the hands of the next generation. Really!
Reading Time: 5 minutes Two decades ago, U.K. professor Andrew Errington identified three stages of farm transfer: succession, retirement and inheritance. He defined succession as the gradual handing over of managerial control. Retirement was the owner withdrawing from active participation in the business of the farm, and inheritance was how the assets were finally signed over to the successor. […] Read more
Seamless transfers
This family farm corporation in Ontario has transferred four times since the ’60s and recently diversified with the purchase of a local grain elevator. Here’s how the VanSickles have done it, and the lessons they’ve learned along the way
Reading Time: 6 minutes Near the Grand River south of Brantford, Shawn VanSickle pulls under the shade of a big oak tree at the end of the field. He stops for a moment to reflect about how in 1966 his grandfather did something groundbreaking for the time — incorporated the family farm. Five decades later, G.H. VanSickle & Sons […] Read more
Turnaround
UFA boss Carol Kitchen reveals how the co-op defied the odds and got back on the track to prosperity
Reading Time: 7 minutes Anyone could see it. Over the past decade, profits and patronage payments had become sporadic at United Farmers of Alberta Co-operative Ltd. (UFA). The organization that had been spawned in a moment of political fervour in 1909 had now become the home of empty shelves and poor customer service at the local level. At the […] Read more
The next farm generation steps up
On this farm, transition planning made real gains once the younger generation learned how to take their role in the process
Reading Time: 11 minutes Alec Boekhoven had turned over at 2 a.m., fretting about ways to reduce feed costs on his family’s 600-sow farrow-to-finish operation. Eventually he drifted off on the couch, which is where his son Evan discovered him and woke him up early. It’s why Alec brought his three-year-old with him to do chores, and it also […] Read more
Leadership on the go
What does it take for farmers like Saskatchewan’s Bernie McClean to make themselves into better business leaders?
Reading Time: 7 minutes Growing as a leader takes stretch goals, and it takes finding out about your weaknesses and strengths. It might also take consciously building a network of smart, capable people, and finding mentors and role models to look up to. Plus it takes learning how to really listen, and how to be really heard. And none […] Read more
Are agrologist salaries on the money?
Salary survey also examined if a gender pay gap exists in agriculture
Reading Time: 6 minutes This past winter the Saskatchewan Institute of Agrologists (SIA) released a salary survey that pegs the overall average salary of Saskatchewan agrologists (not including bonus) at $84,629. For the first time in agriculture, though, this survey separated out pay by gender, and showed a gap of up to $20,000 in certain age categories. The numbers […] Read more
Are you a good boss?
Of course you’re a good leader. You wouldn’t have got this far if you weren’t. But the next opportunities may only go to those with a whole new set of attitudes
Reading Time: 8 minutes Farmers today are being called to be leaders, not just managers,” says Bob Milligan, professor emeritus of applied economics and management at Cornell University. Minnesota-based Milligan is now semi-retired and consults with farmers about their human resources. He says leadership of a farm business today is much more than developing an annual strategy. Farmers today […] Read more
Compete and win
Your machinery strategy may be nothing less than the factor deciding how long you’ll be in the world of agricuture
Reading Time: 6 minutes It’s an impressive resumé, showing how Joerg Zimmermann’s work and his research, plus his strong entrepreneur/farmer streak, have taken him to most of the main grain-growing regions of the world, including in Canada. It’s a series of experiences that have given Zimmermann a unique perspective about what farming looks like in the world’s breadbaskets. And […] Read more
Governing the farm
On most farms, ‘governance’ sounds like the last thing you’d want to talk about if you hope to keep everyone happy. Steve Tomtene used to think so too, but is glad he changed his mind
Reading Time: 5 minutes Like many farms with added complementary enterprises like a trucking company or livestock barn or a seed business, Tomtene Seed Farm at Birch Hill, Sask., has developed systems to juggle all the moving parts. “Maintaining identification and producing seed products of quality merit takes a shift in thinking about the products, about production, about the […] Read more
A message from April Stewart, Country Guide's Associate Editor
