Reading Time: 9 minutes On the farm, we’ve heard the jokes about feedback being a load of barley that gets rejected at the elevator, or maybe it’s how a cow chews her cud. In bizspeak, though, feedback gets taken a lot more seriously than that. As a human resources strategy, feedback is gaining global attention because of the power […] Read more
Farm feedback
On this savvy farm, feedback is mined for real value, producing a happier, more efficient workforce
Transition to better communication
How better succession planning can lead to better decision-making and less conflict
Reading Time: 8 minutes Too many times, farm succession planning starts with a series of useless, dead-end and sometimes volatile meetings. Someone erupts into tears, someone else mutters some nasty words in anger and frustration and all our hopes crash in flames. No wonder we are afraid of stirring up this toxic mess of emotions. We’re supposed to be […] Read more
Numbers drive dynamic decision-making
Jeannette Mongeon and Michel Dignard use spreadsheets to guide everyday decisions and to analyze and embrace change. It’s good for the farm, and it also keeps peace in the family
Reading Time: 6 minutes This past spring, Michel Dignard carefully walked his saturated soybean fields, counting the thin, yellowing plants while some were still fully submerged in water. It was emotionally exhausting work, but at least Dignard and his wife Jeannette Mongeon knew what they would do next. They crunched the numbers. They added up the costs and yield […] Read more
Unrisky business
GARS goes private with a government program, and looks to win with farmers on both sides of the border
Reading Time: 6 minutes Whole-farm margin insurance has been available through Agristability since the Growing Forward programs were first launched. However, the program was plagued with complexity, its reputation fell, and five years ago it was trimmed significantly. Yet farm risk is on the way up with rising input costs, higher debt levels, and volaltile weather and prices. Now, […] Read more
Finding a way to say ‘Yes’
Saying ‘no’ to a multi-generation corporation has helped Richard and Nicole Brousseau find their own route toward succession, with a clear focus on family
Reading Time: 8 minutes The road to farm succession can have many twists and turns. And every farm is unique, so it can be easy to lose your way in all the options, or to fall into somebody else’s cookie-cutter solution. Yet being true to your own business and family needs should always come first, as the Brousseau family […] Read more
Where are the farm women?
The research is incontrovertible. Diversity creates strength. So why aren’t we making greater strides at getting farm women involved?
Reading Time: 4 minutes I’m one of a dozen women sitting around a long boardroom table. The surroundings are completely unfamiliar and slightly intimidating. We politely watch a video and quietly chat with one another about our farms, succession, our families and, of course, the weather. The woman across from me taps tentatively on the little microphone that seems […] Read more
Incorporation pushes farms into higher gear
With 30,000 incorporated farms on 50 million acres, farm incorporation is on the rise in Canada, and not just because of the tax savings. In fact, these other benefits can be even more valuable
Reading Time: 4 minutes Somewhere between loading trucks and getting ready for seeding on his family’s farm near Fort MacLeod, Alta., Stephen Vandervalk stops midway through our conversation, breathes deeply and tilts his head. “I can’t even imagine trying to operate without a corporation,” he says. “How could we compete to buy land at 35 to 45 per cent […] Read more
Small business corporations hit by new tax rules
Some major changes to how Canada Revenue Agency handles small business corporations are costing incorporated farms, especially those focused on expansion
Reading Time: 2 minutes Tax rules change. Some governments try to lower taxes, others claw back those tax wins. Currently, Ottawa seems to be gnawing away at what some see as the very foundation of this country’s economy, small business profits. Incorporated businesses may be losing some of the tax advantages they’ve had over sole proprietorships, but are still […] Read more
Small SWOT, big ideas
Summer Business: This exercise to determine strengths, weaknesses, opportunities and threats can be a best next step for smaller farms
Reading Time: 4 minutes Over the last four years Ontario organic farmer and consultant David Cohlmeyer has completed over 20 business plans for smaller and medium-sized farms. But before doing a business plan, with updated budget, balance sheets, marketing plans and cash flow statements, Cohlmeyer works with the clients to do a SWOT analysis. “It’s a tool, a good […] Read more
Stress tests for change
Here’s a quick way to keep your eye on your cash flow projections this summer to help you plan loan payments and expenses this fall
Reading Time: 4 minutes Knowing how to read and understand financial statements is one of the first steps in assessing financial risk, helping you track how you’re doing compared to previous years (or against sector averages), and how any changes may have an impact on your bank account. From a financial perspective, stress testing can be the ultimate proactive […] Read more
A message from April Stewart, Country Guide's Associate Editor
