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Travis & Brad Hopcott
Features

VIDEO: Summer Series: Travis and Brad Hopcott

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Reading Time: < 1 minute Travis and Brad Hopcott are third generation British Columbia beef producers, processors and retailers, and grow cranberries for Ocean Spray. They were also a 2023 winner of Canada’s Outstanding Young Farmers. Country Guide caught up with them just before their win to chat about managing it all, identifying opportunities and how they feel about the […] Read more
Summer Series: What is an executor?
Features

Summer Series: What is an executor?

[Make It Count: Finance 101] What makes you so sure you’ve named the right person to make all those decisions for you when you’re no longer here to make them for yourself?

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Reading Time: 4 minutes Simply put, an executor is a person you trust to carry out your wishes as you have designated them in your will, which could include the care of your children, dependants, assets and farm business after you die. Robert Graham, a lawyer who specializes in business and farm succession planning with Smith Valeriote Law Firm […] Read more
“We’ve seen things go up and people then think we’re on an elevator that only continues to go up, but now we’re in this margin squeeze situation.” ― Darren Bond.
Features, Guide Business

Summer Series: The dark market of farmland rentals

[Land] It’s not getting any easier to follow the market for this key farm expense

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Reading Time: 5 minutes Somehow, how farmland rental rates get set remains one of the mysteries of the universe despite being so hotly debated in social media. Whether you’re a renter or a landlord, everyone is endlessly fishing for details about what the neighbour is charging or paying, although it’s easier to crack a bank vault than pry that […] Read more
A good benchmark for working capital-to-expenses for your farm is 50 per cent.
Features, Guide Business

Summer Series: Build a better crop budget

[Land] Financial management is evolving as fast as agronomy. Your budget can have the best of both

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Reading Time: 3 minutes Crop planning involves decisions on return on investment and cost/benefit, and also cash flow and financing considerations. Some producers now utilize both agronomists and financial consultants to help build their crop budget. Optimizing crop budget planning is increasingly important as crop expenses increase and agronomic options continue to expand. Logistics, opportunity costs and strategy Logistics […] Read more
A seeding tractor in the field under blue sky.
Features

Summer Series: The lease-back business of farmland

[Land] The future according to Bonnefield CEO Tom Eisenhauer

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Reading Time: 6 minutes “Every other business in this country has access to outside investors and outside capital; why shouldn’t farmers have that too?” asks the CEO of Canada’s largest provider of land-lease financing for farmers. “Farmers should have all the same financial tools that a tech company or a mining company does,” Tom Eisenhauer tells us. “That’s what […] Read more
“It’s good to investigate your options,” Bobbie says. Mark agrees: “A lot of people hang on too long.”
Features

Choosing the right time to quit farming isn’t easy

Rumours flew when Bobbie and Mark Bratrud decided to leave the farm. But sometimes an exit is a carefully considered decision

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Reading Time: 8 minutes The second that Mark and Bobbie Bratrud started telling people they were done farming, the news travelled faster than a Saskatchewan wind. “It was a rotating door through our house,” Bobbie Bratrud says. “Everyone was coming by to ask, ‘are you guys okay?’” Mark recalls three of the most common rumours: “Somebody’s sick, you’re getting […] Read more
VIDEO: Summer Series: Meet the Lindgrens, Pt. 3
Features

VIDEO: Summer Series: Meet the Lindgrens, Pt. 3

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Reading Time: < 1 minute In the final instalment of our three-part series, the Lindgrens talk about expanding the operation to ensure its viability in the future, how they leverage technology, and their process for making decisions. Watch part three now and catch up on part one and part two here.
The average increase in value of cultivated Canadian farmland was 11.5 per cent in 2023, and there is clear evidence that the cost of owning land in some areas now outstrips its income generation ability.
Features

Summer Series: Diversity model may buffer risk of farmland buys

[Land] Should farmers consider ecological diversity as a risk management tool?

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Reading Time: 2 minutes Glacier FarmMedia – It’s the time of year that farmland often changes hands. This spring, there is an increase of sales in certain sectors, driven by land stress and owners’ inability to weather another financial or literal storm. Many of these properties are monocultures or singularly focused production units and highly dependent on one source of […] Read more
‘Farms that are leveraging the knowledge and skill sets of the next generation ... are beginning to set themselves apart.’ – Andrew Leach.
Features, Succession strategy

Summer Series: The family landscape

[Land] The Impact: Rising farmland values mean new farm opportunities, and frequent challenges for family harmony

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Reading Time: 5 minutes Once considered among the most traditional, unchanging ways of life, farming today is being transformed. Farmland values are changing the nature of farming and farm business management, and introducing new opportunities and risks. Plus, they are creating challenges for farm families. Land prices are raising new questions about how to direct assets to different siblings, […] Read more

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