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Tag Archives Business/Finance

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
With plans in hand, Brett Sheffield consults with NextGen’s Clint Sibbick.
Guide Business

Farm skills shape a path for fast-growing business venture

In a growing trend, Brett Sheffield has used his farm business know-how to build one of Western Canada’s largest and fastest-growing tile drainage companies

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Reading Time: 8 minutes Something big jumps out at you when you scan the Growth 500 list of Canada’s fastest growing companies for 2019. It’s produced by Canadian Business magazine based on the five-year revenue growth posted by each company, and tucked in amongst all the names of all the non-agricultural, big-city enterprises on the list, is one very […] Read more
WestGen’s board president Eric L. Iversen says giving back to their industry is an important duty any farmer may take on
Guide Business, Livestock

On board at WestGen

The unique co-op celebrates its 75th anniversary by focusing on its farm board’s “direct and protect” role

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Reading Time: 7 minutes WestGen began life in Surrey, B.C in September 1944 under the moniker of the Lower Fraser Valley Artificial Insemination Association, and in many ways it’s the same group that currently operates out of Abbotsford, B.C., despite a litany of name and location changes over the years. Over those years, too, the co-operative-minded group has become […] Read more
There’s a “million-dollar farm question” in Canadian agriculture as farm parents look to transfer a financially viable farm business to the next generation.
Guide Business, Succession strategy

Calculating a fairer, smarter farm inheritance: Part One

Can an estate plan be fair both to the family and to the farm business? Merle Good and Greg Gartner see a way forward

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Reading Time: 6 minutes I’m supposed to ask the questions, but Merle Good, Alberta farm business advisor and nationally followed succession expert shoots a question my way before I get a chance. “Suppose you could open all the wills of today’s farmers,” he says. “How many are leaving land to off-farm children?” I expect the number is big — […] Read more
Developing a CEO mindset and the skills needed to serve that mindset are essential if Canadian farms are to succeed.
Guide Business, Management

Become a farm CEO: Why make the shift?

Executive-level behaviour is good for both the farm and farmer

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Reading Time: 3 minutes It’s time that farmers develop beyond being the world-class farm managers they are today. That’s the vibe I’m getting from clients, program participants and industry professionals. The conversation around what abilities Canadian farmers need to develop, and how they should acquire them, is already underway. If a farmer is successfully operating his or her business, […] Read more
“Better is better before bigger is better,” says agricultural economics professor David Kohl. In other words, focus on operational efficiency before expansion.
Guide Business

Boost the survival odds of your farm

Farm finance expert David Kohl reflects on what farms — both small and large — must do for success in the 2020s and beyond

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Reading Time: 6 minutes We all know the basics of health: Get exercise, watch our weight, don’t smoke. But for better health success over the long term, we know we can go further. We should get regular checkups, eat more vegetables, nurture our personal relationships, maintain good sleeping habits and more. Similarly, we know the basics of farm business […] Read more
Guide Business, Succession strategy

Family Through Succession: Meet the Hunter family

One farm — seven individuals. Each with their own hopes, needs and ambitions. It’s a typically unique Canadian farm, just like yours. And yes, there is a way forward

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Reading Time: 6 minutes In launching this series of columns on farm succession, our goal is to offer the readers of Country Guide something unique, something we feel you will be able to relate to and learn from. We want to introduce you to the Hunter family. Of course names will be changed to protect identities of our clients, […] Read more
The new age of agriculture will require a combined and co-ordinated effort from both the public and private sectors.
Guide Business, Opinion

Preparing the future of Canadian agriculture

Canada’s share of global agriculture tech investment was just 3.4 per cent last year

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Reading Time: 3 minutes Canada’s economic prospects have long been underpinned by trade. No industry better illustrates this than agriculture, where more than 90 percent of our producers depend on selling their goods to the world. In recent years, exports in agriculture and agri-food have grown dramatically, generating millions more in annual sales for producers and billions more to […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 17, 2020.

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