Reading Time: 7 minutes A growing number of financial advisors are talking a different language today than they were 10 or 15 years ago. Increasingly they see that the financial health of the farm goes way beyond the numbers on the balance sheet or income statement. They know those numbers are underpinned by some basic fundamentals that require sound […] Read more
A word about your farm
Financial fluency is paying off for farms who learn the lingo
How to know if your farm business skills are keeping up
In the last five years, every farm has upped its business management. So is your farm middle-of-the-pack? Above average? Below? Get ready for some surprises
Reading Time: 8 minutes When you ask Shawn Hass, vice-president and portfolio manager at RBC Dominion Securities in Lethbridge, Alta., what his cutting-edge farm clients are doing that sets them apart from the rest of the pack, his first answer will likely surprise you. “They’ve built an office or have one on site,” Hass says. “The most successful farm […] Read more
Value in your farming peers
Could a peer group be right for you? Country Guide talks to one Ontario group to find out
Reading Time: 6 minutes When Ontario’s Janet O’Rourke and her husband Kevin took CTEAM — the executive management program designed specifically for Canadian farmers and ranchers — they got their first taste of peer feedback and the benefits it can bring. As part of the program, their class of farmers met four times over two years and got to […] Read more
Making it their business
A growing number of Western Canada’s farmers are using peer groups to drive their performance. This one is ready made
Reading Time: 6 minutes It turns out that size can matter. It makes a difference. Farming at different scales doesn’t necessarily make anyone a better or a worse farmer, but it does change the kinds of problems you have to tackle every day, the kinds of decisions you have to make and, of course, the kinds of questions that […] Read more
Resilient farmers vs. COVID-19: A ‘cover story’ family farm
For the Burnhams, the lesson of COVID-19 is more of a reminder, really. Family is the core of a farm business
Reading Time: 6 minutes This family deserves special attention, so as we conclude this series with Country Guide we wanted to bring you the story of a family that we call our “Cover Story Family.” In our view, they seemed to pretty much get it right over the past year. Getting it right refers to the bold steps our […] Read more
Managing more, working less
For Lauren and Ryan Maurer, it’s the challenge of 2021. How do they keep from getting personally overwhelmed as the farm gets bigger and more complex?
Reading Time: 7 minutes It was 27 years ago that Lauren and Ryan Maurer moved to Lauren’s family grain farm near Grenfell, Sask., and started with 800 cultivated acres. In 2010 the couple was named Canada’s Outstanding Young Farmers, and now Land and Sky Grains seeds 24,000 owned and rented acres. Another 3,000 acres are committed to pasture and […] Read more
Farm planning for what lies ahead
How can a business plan be worth writing when farming is so unpredictable? For Mike and Amy Cronin, that’s the wrong question
Reading Time: 5 minutes If there’s one thing certain about farming, it’s the uncertainty. Prices, weather and other variables are constantly changing and farmers in most sectors are tasked with doing business without being able to predict future outcomes. Research released by Farm Management Canada last year indicated three in every four Canadian farmers are working at mid-level or […] Read more
When farm financial pressures mount
Sleepless nights? Behind on your bills? Avoiding the banker? You aren’t alone, and there can be a path back to better times
Reading Time: 7 minutes Maybe Benjamin Franklin said it best. “An investment in knowledge pays the best interest.” If you find yourself in financial trouble, it’s smart to ask for help. Art Lange is president of AJL Consulting in Edmonton, and in an article from our October 2020 edition, he and an Alberta farm couple worked together to share […] Read more
Resilient farmers vs. COVID-19: How one Ontario farm got so resilient
Rather than focussing on pandemic problems, the next generation brings solutions to the table
Reading Time: 4 minutes Our series on farm resiliency has been a fascinating one to write. We have spoken with several farm families about the challenges they faced and overcame during the COVID-19 pandemic, and how it affected the ag community. We focused on the positives — stories of families and communities coming together to get last year’s crop […] Read more
Alberta farm builds labour diversity into its core
Is there a better way to find and retain farm employees in Canada’s tough market? Van Raay Paskal Farms figured there must be, with innovative thinking and a readiness to look to non-traditional sources
Reading Time: 9 minutes The sun is barely up but VRP Farms Ltd., a half hour north of Lethbridge, is already humming. Pen riders saddle their horses and barn labourers are shipping, sorting and processing. Feed drivers put their trucks in gear, operators of high hoes and manure trucks shuttle about the site, and truck drivers back up to […] Read more
A message from April Stewart, Country Guide's Associate Editor
