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Man in a field of ripe wheat holding a laptop in his hands
Features, Guide Business

2022-Level Farm Profits are Over. What’s Next?

By
Reading Time: 2 minutes It looks like 2022-level profitability is over for farms in Western Canada. The decline of commodity markets combined with ever-increasing costs is pressuring 2025 farm budgets. So, if grain farming is back to squeaking out a profit for the foreseeable future, what can we do about it? 1. Confront the facts, but don’t lose faith […] Read more
Ted Cawkwell
Features, Guide Business

Dreamer versus Doer: Harnessing creativity in farm businesses

Connecting your internal dreamer with real-world doing can lead to big wins on the farm

By
Reading Time: 7 minutes Is the world really made of up “dreamers” and “doers”? And if so, which one comes out ahead? Poet Henry Wadsworth Longfellow believed that “One half of the world must sweat and groan that the other half may dream.” Dreamers, who are more inclined towards imagination, creativity and possibilities, are in stark contrast to doers […] Read more
“People who come to visit us really want to know where their food comes from,” says Heather MacNeill, co-owner of Parkview Farm Cottages. “They’re very interested and quite in awe of the workings of a dairy farm. And the kids just go gaga over the calves.”
Dairy Cattle, Features

PEI farm plans for the future

Many factors go into planning how a farm operates day to day, year to year. What about generation to generation? This P.E.I. farm honours the past to plan for the future

By
Reading Time: 8 minutes One important MacNeill family value weaves through generations of this P.E.I. farm family: there’s nothing wrong with a good day’s work. Cows might come and go on this sixth-generation dairy farm and decades-worth of visitors have lived the farm life if only for a brief summer vacation in the on-farm cottages. Even hurricane Fiona left […] Read more
Lydia Carpenter, Wian Prinsloo with son Alastair
Features, Succession strategy

An evolving vision

First-gen farmers share their blueprint for business transition

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Reading Time: 5 minutes When it comes to starting and growing a business, you’re only limited by your imagination. For Belmont, Manitoba first-generation farmers Lydia Carpenter and her husband Wian Prinsloo, it’s that type of unlimited, outside-the-box thinking that has become their regular way of thinking. Over the years, they’ve leveraged multiple income streams, a direct-to-consumer marketing beef business, […] Read more
farm family portrait
Features, Fruit/Vegetables, Management

A guide for farm growth

Vision statements are more common on today’s farms. How can creating one help you?

By
Reading Time: 6 minutes Why does your farm need a vision? To Jeannette French and her husband Brian, co-owners of Lennox Farms in Melancthon, Ont., the answer is simple. “No matter your farm size, a vision is something that drives you every day. It’s born from your values and is the backbone of what you believe.” Six years ago, […] Read more
A grandfather carrying his grandson
Features, Succession strategy

How farmers can thrive in retirement

There isn’t a one-size-fits-all approach to retirement and planning ahead makes it much more enjoyable

By
Reading Time: 5 minutes For many farmers, being a farmer is part of their fundamental nature. It’s who they are and they can’t imagine a time when they won’t be a farmer. Who hasn’t heard a farmer say they want to die farming? But the reality is that many farmers will need to exit the business whether they want […] Read more
Two couples walking by a corn field
Features, Succession strategy

Planning for retirement: Lifestyle versus finances

By ,
Reading Time: 3 minutes Farmers might not think about retirement often, if ever. But the sooner you start to think about retiring, you can minimize the impact of the adjustment when the time comes. A retirement plan should be part of the conversation when creating a succession plan. The emphasis of succession planning is typically on transferring the business […] Read more
Alanna Koch and family in a field of canola stubble
Features

Navigating transitions in career, family and the farm

Moving through life’s phases can be difficult, but the journey — and the lessons — make it all worthwhile

By
Reading Time: 8 minutes “I thought my career was over.” Alanna Koch reminisces about her decision to quit her job as executive director of the Western Canadian Wheat Growers Association to stay home with her kids full-time in 2000. “I thought it was the end of the world,” she says. Her role with the association followed years of public […] Read more
Don Campbell with cattle
Features, Succession strategy

Starting succession right

If you’ve resolved to start transitioning the farm this year, these insights can help you get a strong start

By
Reading Time: 7 minutes It’s no secret that many farm and ranch operations facing the prospect of transition to the next generation feel stuck and unsure how to proceed. “We can’t emphasize enough that retirement is a significant life transition that comes with a rollercoaster of challenges and emotions,” write Robert Laura and Colleen Drummond in the Modern Elder […] Read more
Aerial View of Tractors, Trucks and Agricultural Machinery Harvesting Fresh Potatoes
Features, Succession strategy

Attracting the right kind of capital in agriculture

Capital is required to grow the farm business but sometimes it takes an innovative approach

By
Reading Time: 2 minutes Agriculture’s future will rely on attracting capital. In the past, capital typically came from banks or family. But the changing demographic of farmers and farmland owners means that many farms and a tremendous amount of farmland will change hands over the coming decade. To add to the list of challenges, inflation and farmland appreciation has […] Read more

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