Reading Time: 5 minutes A business plan is like a road map for your farm. You can plan your route, set a destination and track progress. But without a map or a plan, how does a farm business owner know what success looks like, or even what you’re capable of achieving? Or, most importantly, how do you know when […] Read more
Finance 101 – What is a business plan?
There’s more at stake this winter, and more than ever to gain
Having the right (business) stuff for your farm
For farmers like Jennifer Peart, upping their business game takes real discipline. The good news is the pay-off makes it very worthwhile
Reading Time: 5 minutes It’s less true than it used to be but it’s still safe to say that few of today’s farmers got into farming because they love business management. Instead, it’s the production side of agriculture that drew them in. It was their passion for growing and raising food and working with soil, livestock and equipment. Still, […] Read more
Summer Series: Preparing a business plan for your farm
[Change Management] Whether the change you’re looking at is big or small, the experts insist a business plan will make it more successful
Reading Time: 5 minutes A business plan is like a road map for your farm. You can plan your route, set a destination and track progress. But without a map or a plan, how does a farm business owner know what success looks like? Or what you’re capable of achieving? And, most importantly, how do you decide which changes […] Read more
Summer Series: A practical guide to writing your farm business plan
[Best Advice] This eight-point plan can help put you on the right path
Reading Time: 6 minutes Farm business planning is always a popular topic of discussion among advisors and management gurus. But statistics still show a slow uptake by farmers. Those using a written business plan, however, are reaping the benefits. Follow the eight steps below to get started.– April Stewart, Associate Editor. If you’re an avid Country Guide reader, you […] 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
Pandemic planning: Write it down, add it up
It's the big lesson of 2020. A business plan is practically guaranteed to up your game, make you more money, and keep you happier and healthier. So what are you doing this winter?
Reading Time: 6 minutes The number gap is stark. In fact, it’s hard to think where you’d find one that’s wider: 88 per cent of farmers who have a written business plan say their plan has so many benefits (both to the farm and to themselves as farmers) that it more than pays for itself. Yet only 21 per […] Read more
Prepping the kids for the financial reality of farm ownership
It may be the biggest question of all. When is the right time to give the kids a voice in business planning?
Reading Time: 3 minutes Now that summer’s on the doorstep, the kids are home from school, and your planning and preparation for the growing season are over, it’s an ideal time to have some important conversations with your family members around succession planning. As anyone who has gone through the process knows, succession planning within the family can be […] Read more
Between spouses
Formalizing the informal partnership
Reading Time: 3 minutes Joint ownership between spouses has been a long-standing fixture in the farming community, with each holding equal influence when it comes to making key business decisions. It is widely acknowledged and recognized that spouses are key influencers in business decisions. They have always stood front and centre in financial negotiations, are equal participants in professional […] Read more
Smarter than you think
Here’s what your kids come home having learned about business at ag college. It’s much, much more than even a few years ago
Reading Time: 9 minutes When Colin Penner enrolled as a student in the University of Manitoba’s agricultural diploma program 10 years ago, he had to prepare a business plan for his farm. Today, he is back at the U of M as an instructor, teaching other students how to complete today’s planning assignments, which are miles ahead. Preparing a […] Read more
Small SWOT, big ideas
Summer Business: This exercise to determine strengths, weaknesses, opportunities and threats can be a best next step for smaller farms
Reading Time: 4 minutes Over the last four years Ontario organic farmer and consultant David Cohlmeyer has completed over 20 business plans for smaller and medium-sized farms. But before doing a business plan, with updated budget, balance sheets, marketing plans and cash flow statements, Cohlmeyer works with the clients to do a SWOT analysis. “It’s a tool, a good […] Read more
A message from April Stewart, Country Guide's Associate Editor
