Reading Time: 6 minutes Everyone knows what “acquisition” means. A neighbour’s farm comes up for sale, you pay the price, you own it. It’s yours. But what about “mergers.” In most business sectors, the two terms — “mergers and acquisitions”— always go hand in hand. Are mergers even happening in farming? The answer from Kyle Lopez, senior BDO tax […] Read more
Is it better to acquire a nearby farm, or merge?
Because so many farms are incorporated today, the next time you expand you may actually need to be open to a merger. But, as BDO’s Kyle Lopez tells us below, it’s likely to be a merger with a very clear, very circumscribed role
Editor’s Note: It’s time to ask the question
Reading Time: 2 minutes Family businesses are different. A non-family business’s goal is to make money. A family business’s goal is both to build legacy and create opportunity. And it’s more than that too Most likely, we’ve all heard it. Almost as many of us have said it, and at least as many actually do believe it. It can […] Read more
Win, win, win
These companies have found the recipe. What ideas can you borrow?
Reading Time: 6 minutes Like clockwork every May there are big headlines and even bigger press releases from the winners when Deloitte Canada releases its list of the country’s best managed companies. Deloitte’s accolade has to be earned. It takes more than a healthy bottom line. Businesses have to be robust, and resilient. To sort the winners from the […] Read more
Bold strides through diversification
The Cebulak family searches for new revenue streams that will grow the farm for the next generation
Reading Time: 4 minutes This five-part series features farm families leading change through bold decisions on family planning, new ventures, revenue diversification, innovation and business operations. Read parts one and two here. Cebulak Family Farms is a fruit, vegetable and cash crop farm owned and operated by brothers Blaine and Leonard Cebulak alongside their next generation: Nathan, Andrew, Derek and […] Read more
Bold Strides: Through efficient family-based planning
The first in our five-part “Bold Strides” series on farm families that are committing to big thinking through family planning, new ventures, revenue diversification, innovation and business operations. THIS MONTH: the Griffioen family, owners and operators of Vrederijk Dairy in Tavistock, Ontario
Reading Time: 3 minutes Since immigrating from Holland in 1997, Dirk and Karin Griffioen have continuously expanded their farming operation. Today, on a land base of 400 acres, the dairy milks over 140 cows with a robotic milking system. Now, after two decades of building, Dirk and Karin are looking to the future and for the best ways to […] Read more
Look beyond ag to re-imagine your farm
Bright Ideas: Where are you going to get your next great idea?
Reading Time: 5 minutes Innovation and reinvention are the cornerstones of any industry, helping them survive over the long haul. Their role is crucial in Canada’s agriculture sector. However, sometimes we rely too heavily on insider data knowledge. This approach can make us stale. It becomes repetitive, eventually costing us our originality and objectivity. So, where can our agriculture […] Read more
Editor’s Note: Making up your mind in 2022
It’s what people who aren’t business leaders rarely understand. Leadership means knowing how to make big decisions when you don’t have full information, like this year
Reading Time: 2 minutes I have been asking myself this question all spring. I’m sure you have been too. Five years from now, when we look back at 2022, who are we going to say made the best decisions? Who pulled the right levers? What choices turned out to be the right decisions? Which turned out to be not […] Read more
Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise
Guide Books Review: “Your role in the family business will ask much of you — your intellect, your emotional intelligence, and even your courage.”
Reading Time: 3 minutes Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise By Josh Baron and Rob Lachenauer Harvard Business Review Press / 320 pages / $38 From the very first sentence on the first page, you’ll recognize this book’s relevance and value to a family farm business. The book can be best summed up […] Read more
Your CEO interview — six years on
12 questions to ask yourself to discover if you're continuing to fulfill your role as a leader
Reading Time: 12 minutes Let’s say you’re going to interview someone for your job as the CEO of your farm. Or maybe you’re considering someone in the next generation for the job. Or you might even be looking in the mirror, asking yourself where to focus your energy over the next year. What questions would you ask? That was […] Read more
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
A message from April Stewart, Country Guide's Associate Editor
