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Tag Archives Business/Finance

Investment in a broad range of agriculture and food sectors, including the agri-environmental field, are planned.
Guide Business

Funds for agricultural innovation

Partnership aims to send the message that agtech is a great place to invest

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Reading Time: 4 minutes Developing an “innovation ecosystem” across Canada and increasing the nation’s competitiveness in the global agriculture and agri-food industry are the goals of a new partnership between Bioenterprise Corporation and Farm Credit Canada (FCC). “FCC is the Canadian standard for financial support and banking in agriculture and agri-food in the country,” says Dave Smardon, president and […] Read more
Analyzing your farm’s cash flow
Guide Business

Analyzing your farm’s cash flow

Next Steps: Ready to tweak your farm performance? These cash-flow strategies may be the ticket you’ve been looking for

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Reading Time: 7 minutes The last three of our Next Steps columns (see the ‘Related Articles’ links further down) covered the why, the when, and the what for ratcheting your farm business up a notch or two. The next logical topic to explore is the “how” of making your plans a reality, i.e. cash flow. I’m not going to […] Read more
Learning to identify, analyze, monitor and control risk will help you achieve your business objectives.
Guide Business

Thinking about risk?

Next Steps: As Seth Godin says, it’s easier to paddle a canoe on a calm lake. Here’s a practical strategy for smoothing out the waves

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Reading Time: 7 minutes Agriculture is not for the faint of business heart. If ever there was a job that should come with the warning “avoid if allergic to risk” in bright red letters, it’s farming with its cantankerous and cumbersome risk factors like weather, trade agreements and regulations. Risk has been part of human lives since we crawled […] Read more
Choosing a growth strategy that is aligned with your overall business goals is a good first step to get you started.
Guide Business

You want to grow your farm business. But how?

Next Steps: These tools are a mix of business theory and practical on-farm wisdom, which is why they’ll help you find opportunities

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Reading Time: 7 minutes In January’s column we looked at how the process of business strategy planning helps orient you on the goals map. But that still leaves a big question: How do you get there? If you’re an existing farm, this means developing a growth strategy. In 1957, Igor Ansoff, known as the father of strategic management, established […] Read more
“With technology, if you come late to the party on a disruption, once you realize you’ve been disrupted, you can never fix it,” says Wade Barnes.
Guide Business

Our ‘Amazon moment’

As Wade Barnes sees it, farms and farm suppliers can either embrace today’s tech disruption, or get ready to sell to those who will

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Reading Time: 5 minutes More ag companies are testing the winds of change. They believe agriculture is on the cusp of another technological revolution, this time fueled by digitization and online connectivity. This revolution will bring risk, and it will bring opportunity. And, for sure, it will bring disruption. It will change what it takes to be successful, both […] Read more
“It’s important to build leadership skills in younger members of the family,” Davies says. “It’s important that offspring step up and be able to explains how a new idea will work.”
Guide Business

Is your farm keeping up with the times?

These eight practices are becoming the standard for smart Canadian farmers. Are you using them all?

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Reading Time: 6 minutes Farmers across Canada are doing their very best to integrate business practices into their farming operations. They understand that maximizing the success of a farm business takes more than production excellence. But what business practices should they make standard, and why? Let’s first look at where farmers have started from, based on a study called […] Read more
If you’ve had a really good boss, you’ll know why you liked working for them, and why you got more done than you ever did with a bad boss.
Guide Business, Guide HR

From good boss to great

Saskatchewan farm advisor and HR specialist Marianne Hawkins offers practical tips on making the transition

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Reading Time: 5 minutes We’ve all heard the adage “people quit bosses, not jobs.” Maybe you have quit a boss yourself. If so, you’ll remember why. Perhaps they were always complaining, or maybe they played favourites, or they treated you as if they thought you were always trying to cheat them. Maybe, too, they would never admit their own […] Read more
A successful land lease is more than simply a negotiated rental price.
Guide Business

Reaching fair rents for farmland

There are at least eight ways to negotiate land rental rates. But is there a right way?

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Reading Time: 6 minutes Back-to-back years of ugly weather mean many farmers will be re-thinking rents this December, especially farmers who still have crop out in the field or who have experienced yield or quality losses, or who’ve been hit with increased harvest and drying costs. If a land lease is up for renewal next year, they’ll be asking […] Read more
The quality and quantity of the data collected saw clear patterns in the behaviour of the most successful farmers.
Guide Business, Guide HR

Seven strategies of successful farmers

Here’s new evidence that business skills increase farm income, no matter what size the farm

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Reading Time: 5 minutes With the harvest finally in the bin, farmers across the country are evaluating their farm management practices and they are making management decisions for the future. Business management skills are more important than ever as farmers face huge challenges, including unpredictable weather, volatile markets, labour shortages, succession, and much more. In this environment, a great […] Read more
“You’re going to be noticed,” says new FMC lead Darren Dillenbeck. “It better be for something good.”
Guide Business

Making a name in crop protection

Can FMC build a new company you’ll actually want to do business with?

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Reading Time: 7 minutes The insiders at FMC have a plan for getting you to become a loyal customer of a company you’ve barely heard of in an industry dominated by huge names you can’t forget, like BASF, Bayer and Syngenta. Can FMC do it? The big test may be in your mailbox right now. As a company, FMC […] Read more

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