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
Summer Series: The dark market of farmland rentals
[Land] It’s not getting any easier to follow the market for this key farm expense
Summer Series: Build a better crop budget
[Land] Financial management is evolving as fast as agronomy. Your budget can have the best of both
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
Summer Series: The family landscape
[Land] The Impact: Rising farmland values mean new farm opportunities, and frequent challenges for family harmony
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
Summer Series: The right farm team
[Land] It’s the Catch-22 of the decade. Either buy that ultra-expensive land or someone else will. How do you make that decision?
Reading Time: 8 minutes Two years ago in June, Terry Aberhart got a call from an account manager at the land investment company that, at the time, was leasing him about 2,000 acres of his roughly 15,000-acre operation. “Hey, we’ve been having some unsolicited offers come in,” the voice on the line said. The account manager went on: “In […] Read more
Summer Series: “Not just with acres”
[Land] “We had to find another way to diversify,” says Jennifer Lindgren
Reading Time: 10 minutes The question we’ve come to ask is why Jordan and Jennifer Lindgren made the strange choice to turn being a grain farmer into such a public life. Unlike most farmers, the Lindgrens’ marketing campaign puts their farm and their family right in the public spotlight. Can it possibly pay? And what’s it like behind the […] Read more
Summer Series: Business connections
[Change Management] Planning a new venture? Keep close to other innovative and entrepreneurial minds
Reading Time: 5 minutes Of course farmers are proudly independent, and of course there are huge advantages in fixing your own problems and setting your own direction. But if diversification might be on your agenda, or if you’re dreaming of launching an innovative new business, there can be big costs too. Today, there’s even more proof that mixing with […] Read more
Summer Series: You forgot who?
[Change Management] When Mom and Dad feel they’re being pushed out of the way, all sorts of bad things happen
Reading Time: 5 minutes The Irish government thought it was such a great idea. The year was 2007, and in Ireland, as in the Canada of that time, few farms were setting up formal transition or succession plans. The Irish government had also begun asking itself what would happen when age or ill health finally pushes all those farmers […] Read more
Summer Series: Assessing your farm’s financial horsepower
[Change Management] It’s going to pay to keep your financials in order in 2024, and beyond
Reading Time: 3 minutes Every year, we go through harvest with our grain. Then there comes a harvest season of a different sort — the bookkeeping and the accounting that needs to get caught up to “close the books.” Unfortunately, some accountants can get backed up like grain terminals in winter. Farm files trickle in until eventually the accountant’s […] Read more
Summer Series: Smarter training
[Change Management] Even the best employees are only as good as they know how
Reading Time: 6 minutes Training new and existing employees about the ever-changing tasks on the farm is essential if you hope to build and maintain a great farm team. But how much should you invest in training? Are you already there, or could your farm make big strides in its efficiency if you stepped up your training initiatives? Such […] Read more
Summer Series: Your next decision
[Change Management] Can you take the same path as Kristjan Hebert? Should you even try?
Reading Time: 9 minutes Agriculture already has so many buzz phrases meant to show you’re smart. There’s “Do more with less,” there’s “Work on the business, not in it,” and, of course, there’s “What got you here today won’t get you to where you want to go tomorrow.” It isn’t that they’re wrong. It’s that they’re too much like […] Read more
A message from April Stewart, Country Guide's Associate Editor
